Author: Press Room

Oil prices inched toward $100 a barrel Friday as Iran’s missile barrages entered day seven, crippling shipping through the Strait of Hormuz and driving insurance rates sky-high.US President Donald Trump countered with a dramatic $20 billion US-backed reinsurance initiative through the Development Finance Corporation, aimed at guaranteeing safe oil tanker passage and stabilizing the chaos.Markets tested the lifeline as crude pared intraday gains, yet shippers and analysts wonder if DFC can execute before the psychological $100 barrier shatters.$20 billion bet against Iran’s oil weaponThe plan plugs a gaping insurance void.Private markets like London’s P&I clubs have bailed on Gulf waters,…

Rules don’t even have to be effective to provide gainful employment for advisers

Federal Reserve Governor Stephen Miran said Friday that the weak February jobs report bolsters the rationale for the central bank to lower interest rates further.Responding to the drop of 92,000 in nonfarm payrolls that the Bureau of Labor Statistics reported Friday, Miran said in a CNBC interview that the Fed should be focusing more on supporting the labor market than worrying about inflation.”I think that we don’t have an inflation problem,” he said on the “Money Movers” show. “I think that the labor market can use more accommodation from monetary policy. And I don’t see having a modestly restrictive stance…

Tasmania have suffered a collapse of 6-36, killing off their hopes of qualifying for the Sheffield Shield final with a 70-run loss to Victoria.

EXPLAINERAt least 1,332 people have been reported killed in US-Israeli attacks on Iran since launch of war last weekend.Listen to this article | 8 minsinfoPublished On 7 Mar 20267 Mar 2026Click here to share on social mediashare2Shareplus2googleAdd Al Jazeera on GoogleinfoA week after the United States and Israel launched attacks on Iran, the conflict is continuing to escalate across the Middle East.At least 1,332 people have been reported killed in US-Israeli attacks as a new wave of intense bombing struck the Iranian capital early on Saturday.Here is what we know:In Iran Military attacks and rising casualties: The US military’s Central Command says…

NEWYou can now listen to Fox News articles! Former President Joe Biden told mourners at Rev. Jesse Jackson’s memorial service Friday that he is “a h— of a lot smarter than most of you,” a pointed remark that stood out during his tribute to the late civil rights leader.Biden made the comment while recounting how he was mocked as a child for his stutter and how speech impediments are often mistaken for a lack of intelligence.”If I told you I had a cleft palate or clubfoot, none of you would have laughed,” Biden said. “But it’s OK to laugh at…

NEWYou can now listen to Fox News articles! “Pulp Fiction” star Stephen Hibbert, known for playing the character The Gimp, has died at the age of 68.Fox News Digital confirmed the actor died March 2 in Denver, Colorado.Hibbert died after suffering a heart attack, a family member told Fox News Digital. The family member noted the family is awaiting results of an autopsy report to determine further details.While Hibbert is best known for his work in “Pulp Fiction,” he started out in Hollywood as a writer, lending his talents to “Late Night with David Letterman,” working on the show for…

Palantir was an outlier in a tough week for the stock market, as the provider of software and services to the U.S. government saw its stock rally 15% following the U.S. attack on Iran. The tech-heavy Nasdaq fell 1.2% for the week, pushed lower by names like Apple, Google and Micron, and other benchmarks tumbled as oil prices spiked and a report showed the U.S. economy unexpectedly lost jobs in February.But with President Donald Trump showing no signs that the war in Iran is coming to a speedy conclusion, investors piled into Palantir, which counts on government spending for about…

NEWYou can now listen to Fox News articles! The U.S. Coast Guard on Friday confirmed Petty Officer 2nd Class Tyler Jaggers, an aviation survival technician stationed at USCG Air Station Astoria, Oregon, died Thursday following a medical evacuation mission off the coast of Cape Flattery, Washington.During the Feb. 27 mission, Jaggers was critically injured and put on life support, according to statements from the Coast Guard and the Coast Guard Helicopter Rescue Swimmer Association (GCHRSA).He later died at Madigan Army Medical Center in Fort Lewis, Washington, surrounded by his parents, sister, fiancé, friends, and Coast Guard teammates, according to Department…

More than four years after her son’s death, Tracey Savage says the wait for justice continues. On Sept. 5, 2021, a young man was found critically injured on a field at Penticton Secondary School. He later died in hospital.Savage says the days before her son was identified were agonizing.“Each day he didn’t come home, you knew that the chances are it was your son.”Thirteen days later, the victim was identified as 22-year-old Taig Savage.In 2024, four people were charged with second-degree murder in connection with his death. Three of the accused were youths at the time of the alleged offence…