cnbc_topnews

Trump says he has canceled a planned attack on Iran after reaching an agreement over the 'perimeters of a deal'

📰 source: cnbc_topnews · 💼 business

trump says he canceled a planned attack on iran after tehran and regional neighbors asked him to hold off. in a truth social post, he said the perimeters of a deal have been agreed, including the immediate opening of the hormuz strait and an end to iran's nuclear threat. he added the u.s. is 'locked and loaded' and ready to strike if needed.

iran's fars news agency called trump's demands a 'wish list.' the announcement follows reports that the u.s. had ordered a fresh round of strikes as early as this weekend. the u.s. already completed a 'heavy wave' of strikes on iranian revolutionary guard targets, and iran hit u.s. bases in kuwait and bahrain. embassies in iraq, jordan, and the uae warned americans to leave over the weekend after a tanker near oman reported being struck.

oil prices rose friday with wti closing at $84.67 and brent at $90.12, though both fell more than 5% for the week on hopes of de-escalation.

why it matters: trump's last-minute cancellation keeps the threat of strikes alive, leaving oil markets and hormuz shipping routes on edge.

source: cnbc_topnews
sentiment: +0.50 · impact: 0.80

Surprise fall in US jobs last month as slow summer continues

📰 source: bbc_business · 💼 business us jobs fell by 23,000 last month, against forecasts for an 80,000 gain, with the bureau of labor statistics also revising down may and june payrolls by a combined 103,000. the unemployment rate still dipped to 4.1% from 4.2%, as labor

Homes are selling below asking in 38 of the 50 biggest U.S. cities—if you can afford one

📰 source: cnbc_topnews · 💼 business homes sold for less than their asking price in 38 of the 50 largest u.s. housing markets in june, per redfin. the biggest discounts hit florida and texas: miami and west palm beach averaged nearly 5% below asking, while houston, austin, tampa, dallas, san antonio,

China is gaining ground in AI. But the U.S. still has a major advantage

📰 source: cnbc_topnews · 💼 business hugging face ceo clément delangue told cnbc china is clearly dominating on open models and could start dominating at the frontier by end of this year or next. chinese models are closing the gap with u.s. frontier systems despite limited access to cutting-edge compute. beijing-based

US strikes $1.2bn deal to pay German firm to halt offshore wind projects

📰 source: bbc_business · 💼 business rwe will abandon its offshore wind projects in the us after accepting a $1.2bn payout from the department of the interior. the german energy firm said it will reinvest the money into gas projects, including $900m for an lng export terminal in louisiana. rwe will

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Surprise fall in US jobs last month as slow summer continues

Homes are selling below asking in 38 of the 50 biggest U.S. cities—if you can afford one

China is gaining ground in AI. But the U.S. still has a major advantage

US strikes $1.2bn deal to pay German firm to halt offshore wind projects