Trump administration set to suspend Jones Act to tame oil price.
United states officials report the initial six days of conflict with Iran have cost $11.3 billion, averaging nearly $1.9 billion per day, excluding ongoing ship operations and personnel expenses. The military campaign has involved the deployment of two aircraft carriers, strikes against over 5,000 targets, and the firing of hundreds of interceptors to counter drones and missiles, resulting in seven U.S. servicemember fatalities. Defense officials anticipate a potential request for up to $50 billion more to replenish munitions, while lawmakers are advocating for a comprehensive accounting of the war's financial and human impact.
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Jamie Dimon, CEO of JPMorgan, is decreasing the bank’s $27 billion in loans to private lenders. This reduction, which began in September, indicates tightening credit conditions. The early pullback reinforces Dimon’s warnings about risks developing in credit markets.
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The Israeli military says it has struck Basij roadblocks and soldiers established recently in Tehran.
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Just in: U.S. Senate votes to include banning Fed Central Bank Digital Currency in bipartisan housing bill.
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Iran deputy foreign minister says not laying mines in Hormuz Strait: AFP.
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Traders no longer fully price in one Fed rate cut in 2026.
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Amazon and four executives face a trial request from Italian prosecutors over alleged tax evasion, according to sources. This marks the first time a major tech company has faced a trial request after previously settling a tax case with Italy's revenue agency.
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Fundraising for essential expenses increased 20% in 2025, according to GoFundMe. Donors are contributing to "rent, utilities, groceries, fuel for heating," CEO Tim Cadogan told @BrianSozzi.
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