Asian Markets Plunge on Trump Iran Threats
South Korea's Kospi dropped 5% and Asian shares fell sharply after U.S. and Iran threatened critical infrastructure amid the ongoing war, impacting global financial stability.
Category : Markets
US Markets Dip for Fourth Week Over Iran War Impact
US stock markets fell for a fourth consecutive week as the US-Israel war on Iran drives up oil prices, with the Russell 2000 entering correction territory and major indices showing significant losses.
EV Interest Surges as Iran War Spikes US Gas Prices
US car buyers show increased interest in electric vehicles as gas prices hit a three-year high due to the Iran conflict, with online searches for EVs up by 20%.
Napa Valley Wineries Adapt to 'Shocking' Industry Downturn
California's Napa Valley, home to over 400 wineries, faces a severe downturn as shifting tastes and generational changes impact sales. Small producers innovate to survive amid layoffs and export challenges.
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Nasdaq Enters Correction Amid Iran War Fears
The Nasdaq fell into correction territory as escalating Iran-Israel conflict drives oil price surge and investor flight to safety, with Fed warning of economic uncertainty.
FTSE 100 Falls Sharply as Oil Prices Retreat from Highs
The FTSE 100 dropped 3.3% over the week, with oil majors BP and Shell declining. Airline stocks showed resilience despite geopolitical risks in the Middle East affecting global markets.
Hargreaves Lansdown Outage Blocks Account Access
Major UK investment platform Hargreaves Lansdown apologises after widespread IT issues left customers unable to access accounts during significant financial market turbulence.
FTSE 100 Tested by Iran Strike on Qatar Gas Hub
The FTSE 100 briefly fell below 10,000 after Iran struck Qatar's Ras Laffan LNG complex, raising fears over inflation if oil stays above $100 a barrel.
Applebee's and IHOP Merge to Revive Struggling US Brands
A new dual-brand restaurant combining Applebee's and IHOP has opened in New York, aiming to attract customers back to two iconic American dining chains facing declining popularity.
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Weight Loss Jabs Shrink Chip Shop Sales Nationwide
Fish and chip shop owners report declining sales as weight loss medications reduce customer appetites, forcing smaller portions and impacting potato farmers with surplus crops.
Wetherspoons Vows Minimal Price Rises Amid Cost Pressures
JD Wetherspoons warns rising labour, tax, and energy costs will depress profits and fuel UK inflation, but pledges to keep price increases minimal despite financial pressures.
Oil Prices Ease, Asian Shares Mixed on Iran War Worries
Oil prices have fallen back to around $107 per barrel after a volatile surge, while Asian shares show mixed results as the Iran war fuels global energy supply and inflation concerns.
Steakhouse Industry Decline, Darden's LongHorn Defies Trend
Americans are cutting back on expensive beef, causing steakhouses and casual dining chains to struggle. Darden Restaurants finds success with LongHorn Steakhouse, which boosted sales despite rising beef prices.
London Stocks Fall, Oil Rises, Gold Dips on War Fears
The FTSE 100 dropped 2.4% as rising oil prices and geopolitical tensions in Iran rattled markets, with gold miners among the worst performers. Central banks held rates steady, while the WTO warned of trade slowdowns.
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Fed Keeps Rates Unchanged as Iran Tensions Persist
The Federal Reserve maintains current interest rates, citing economic stability despite ongoing geopolitical tensions with Iran. Markets react cautiously as inflation concerns linger.
Oil Prices Surge as Iran-Israel Conflict Escalates, Markets Fall
Global markets plunged as oil and gas prices surged overnight following an Israeli attack on Iran's South Pars gas field and Iranian retaliation on Qatar's LNG terminal, with President Trump issuing threats.
Asian Markets Plunge on Oil Spike and Wall Street Slump
Asian shares retreated sharply after Wall Street slumped and oil prices surged above $111 a barrel, driven by Middle East tensions and inflation fears.
Celebrity Chef Predicts $12 Coffee Prices for Australians
Renowned chef Neil Perry warns Australians may soon pay $12 for coffee due to wage increases, inflation, and global supply chain pressures. Current average price is $5.50.
FTSE 100 Falls Amid Iran War Oil Price Spike
London's FTSE 100 closed down 0.9% as escalating Iran conflict sent Brent crude soaring above $108, triggering fears of a supply crisis ahead of the US Fed decision.
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Pawnbroker Ramsdens Raises Profit Forecast as Gold Prices Soar
Pawnbroker Ramsdens has upgraded its annual profit forecast to at least £24 million, driven by an 18% increase in pawnbroking lending and high gold prices boosting demand for jewellery loans.
Ramsdens Profit Surge as Gold Prices Hit Record Highs
Ramsdens pawnbroker raises annual profit forecast to £24-28 million, driven by an 18% loan book growth and strong jewellery sales amid record gold prices.
Greene King to Sell 150 Pubs, Close 20 in Major Restructure
Britain's second-largest pub group, Greene King, is planning to sell 150 managed sites, close 20, and convert 150 to tenanted pubs amid cost pressures and changing consumer habits.
DiDi Raises Prices in Australia Due to Middle East Conflict
DiDi has increased prices for Australian customers to offset rising petrol costs linked to the US-Israel war on Iran, with other companies like Uber and Australia Post considering similar measures.
HelloFresh Sales Slump 12% as Meal Kit Demand Plummets
HelloFresh reports a 12% drop in orders and over 100 million fewer meals delivered last year, with revenue falling 11% amid post-pandemic market shifts and cost-of-living pressures.
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Oil Falls After Iraq Signs Deal to Resume Exports via Turkey
Oil prices have declined after Iraq struck a deal with Turkey to resume exports, bypassing the Strait of Hormuz. However, supply concerns persist as production remains low.
Gold Price Surge Drives Record Pawnbroking Lending in UK
Ramsdens pawnbroker upgrades profit forecast as consumers cash in jewellery amid soaring gold prices, with lending hitting record levels and geopolitical uncertainty fueling demand.
Gold Rally Drives Record Pawnbroking Demand, Ramsdens Says
Ramsdens pawnbroker raises profit forecast as soaring gold prices drive record lending and jewellery sales, with geopolitical uncertainty boosting demand.
Antique Fair Treasure Hunt: Expert Tips for Spring Bargains
Jonathan Pratt from Dawsons Auctioneers shares essential advice for uncovering valuable finds at UK antique fairs and car boot sales, from novelty items to vintage textiles.
Disney Vendor Crackdown Leaves Families in Tears Over Princess Makeovers
Walt Disney World enforces rules banning third-party services on its property, disrupting small businesses and leaving mothers of excited children in tears as vendors are forced to cancel bookings.
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Asian Markets Rally as Oil Prices Retreat Despite Iran Attacks
Asian shares surged on Wednesday, with Japan and South Korea leading gains as oil prices slipped back from recent highs despite Iran's missile attacks on Gulf neighbors and Israel. U.S. futures rose ahead of the Federal Reserve's interest rate decision.
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