cnbc_topnews

Trump warns Iran talks are ‘last chance’ to end war — oil prices rise as Tehran denies negotiations

📰 source: cnbc_topnews · 💼 business

president trump warned that negotiations with iran are the 'last chance' to end the five-month conflict, saying talks are 'going on right now' at the request of iran, saudi arabia, uae, qatar and others. tehran denies any direct negotiations with the u.s., with foreign ministry spokesperson esmail baghaei saying there is no immediate plan for talks, only discussions with oman regarding the strait of hormuz.

trump called off 'massive attacks' on iran to allow the talks, but oil prices rebounded tuesday as traders doubted a diplomatic solution. west texas intermediate futures rose 1.29% to $81.38 a barrel; brent climbed 1.73% to $85.23. u.s. central command redirected 44 commercial vessels in its strait of hormuz blockade, disabling two and boarding two. trump also called iran's leaders 'unbelievably duplicitous' on truth social, accusing them of lying about peace talks underway. iranian president masoud pezeshkian said tehran will defend its borders but does not seek conflict expansion.

why it matters: rising oil prices and frozen diplomacy suggest investors see no quick end to the strait of hormuz disruption.

source: cnbc_topnews
sentiment: -0.40 · impact: 0.85

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