Author: ALJAZEERA

United States President Donald Trump has taken to social media to boast about the state of the economy amid a looming peace deal between the US and Iran, which yesterday signed a memorandum of understanding (MoU) to end the US-Israel war on Iran.In a post on his social media platform Truth Social, the president claimed that “OIL IS FLOWING” and added that “THE STOCK MARKETS ARE ROARING, JOBS ARE AT RECORDS, AND PRICES ARE DROPPING (AFFORDABILITY!)”Recommended Stories list of 4 itemsend of listWhile some of his claims are accurate, others are misleading. Al Jazeera takes a look:‘Stock Market Just Hit…

Oil prices have dropped following the United States and Iran’s signing of an interim peace agreement, resuming a slide interrupted by US President Donald Trump’s warning that he could restart his military campaign.Brent crude fell 2.3 percent on Thursday in Asia, returning the international benchmark to near to where it was 24 hours previously.Recommended Stories list of 4 itemsend of listBrent futures for delivery in August stood at $77.73 as of 05:30 GMT, only about 7 percent higher than before the US and Israel launched their war on Iran on February 28.After several days of declines, Brent briefly spiked above…

Brent crude drops to lowest price since early March before signing of framework deal to end US-Israel war on Iran.Published On 17 Jun 202617 Jun 2026Oil prices are continuing to drop, as hopes rise for a return to stability in global energy markets before the signing of a framework agreement on ending the United States-Israel war on Iran.Futures for Brent crude due for delivery in August dipped nearly 1 percent on Wednesday, extending declines of about 5 percent on each of the previous two days.Recommended Stories list of 4 itemsend of listThe international benchmark stood at $78.24 a barrel as…

Benchmark S&P 500 rises 1.7 percent, while tech-heavy Nasdaq jumps 3.1 percent.Published On 16 Jun 202616 Jun 2026US stocks have rallied on hopes that the tentative deal to end the US-Israel war on Iran will restore stability to energy supply chains roiled by months of disruption in the Strait of Hormuz.The S&P 500 rose 1.7 percent on Monday, taking the benchmark index within touching distance of its all-time high.Recommended Stories list of 4 itemsend of listThe tech-focused Nasdaq Composite jumped 3.1 percent, aided by a 19.6 percent gain by SpaceX, which on Friday made the biggest market debut in history…

If the former crypto billionaire loses all remaining avenues, he would be eligible for release in 2044.Published On 12 Jun 202612 Jun 2026Former crypto tycoon Sam Bankman-Fried has lost his bid to overturn his fraud conviction and 25-year prison sentence over the collapse of the FTX cryptocurrency exchange he founded.In a unanimous decision on Friday, a three-judge panel of the Manhattan-based 2nd United States Circuit Court of Appeals said prosecutors’ evidence against Bankman-Fried “was, conservatively stated, robust”.Recommended Stories list of 4 itemsend of list“While he was publicly reassuring customers, investors and regulators that FTX customer funds were safe, he was simultaneously…

Alice Carrier had recently started playing the guitar again, a hobby she enjoyed in high school but had set aside during college. It was one of several pursuits she filled her free time with as she interviewed for new jobs, spent time with her dog and enjoyed activities, including gaming.By all appearances, at least to her mother, Kristie Carrier, things were going well. Alice was working as a web developer in Montreal, Canada, fulfilling a dream she had carried since growing up in the small town of Lawrence, New Brunswick.Recommended Stories list of 4 itemsend of list“Things were going in…

When Elon Musk’s SpaceX debuts on Wall Street on Friday, the controversial tech titan will almost certainly step into the history books as the world’s first trillionaire.Musk already holds the crown of the world’s wealthiest man – worth roughly $696bn before SpaceX announced its record-breaking initial public offering on Thursday, according to the Bloomberg Billionaire Index.Recommended Stories list of 4 itemsend of listBut his 42 percent stake in the rocket-cum-AI company will take him into uncharted territory.SpaceX will begin trading at a valuation of $1.77tn when it debuts on the Nasdaq stock exchange, selling 555.6 million shares at $135 each.Estimates…

Data protection watchdog says e-commerce giant failed to implement safety measures and delayed reporting breach.Published On 11 Jun 202611 Jun 2026South Korea has hit e-commerce giant Coupang with a record $408m fine over a leak that allegedly exposed the data of more than 30 million customers and provoked the ire of US lawmakers.The Personal Information Protection Commission said on Thursday that the New York-listed company had leaked personal data of more than 33 million customers and failed to report the breach within the 72 hours required by the law.Recommended Stories list of 4 itemsend of list“This accident occurred due to…

Former airline captain charged with fraud after allegedly commanding more than 900 flights without required credentials.Published On 10 Jun 202610 Jun 2026A former airline pilot in Canada has been arrested for allegedly flying hundreds of flights without a proper licence for nearly 17 years.Police in Peel, Ontario, said on Tuesday that they had charged former Air Canada captain Geoffrey Wall with fraud and other charges following a four-month investigation.Recommended Stories list of 4 itemsend of listThe Peel Regional Police said Wall, 59, had used fraudulent pilot licences to command more than 900 domestic and international flights between 2009 and 2025.Police…

The United States has designated Chinese corporate giants Alibaba, BYD and Baidu as companies that support China’s military, expanding its blacklist to some of the country’s best-known commercial brands.The Pentagon included the firms in an update on Monday that is likely to complicate the fragile detente under way between Washington and Beijing after years of rocky relations.Recommended Stories list of 4 itemsend of listChina’s embassy in Washington, DC, condemned the listing as “discriminatory” and an example of the US government “overstretching” the concept of national security.“Chinese companies that do business overseas have been strictly observing laws and regulations of their…