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Trump's Iran Deadline Looms Over Markets | Open Interest 4/7/2026
Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." Deal or destruction. President Trump escalates threats against Iran as his deadline looms. Markets on edge as war tensions collide with tech’s surprising resilience, even as a hidden helium shortage could disrupt AI and chip production. Bill Ackman makes a bold play for the world’s biggest music label. And Fed official John Williams says inflation risks may rise, but policy is holding steady. P...
PM Shehbaz calls on nation to contribute to fuel conservation, austerity drive
Prime Minister Shehbaz Sharif called on the nation on Tuesday to contribute to fuel conservation and the austerity drive in the country, keeping in view the situation resulting from the ongoing war in the Middle East. The war began with US-Israeli attacks on Iran on February 28 and has given rise to a global fuel crisis. In order to deal with the situation, the government announced unprecedented austerity measures on March 9. On Monday, the government also announced that the markets would close...
USPS handed financial lifeline after reaching new deal with Amazon to deliver 1 billion packages
NewsWorldAmericasUSPS handed financial lifeline after reaching new deal with Amazon to deliver 1 billion packagesThe deal comes amid a shifting landscape where Amazon increasingly competes with traditional carriers like FedEx and UPS, both of whom have grown wary of over-reliance on a major industry rivalJasmine Fernández in Miami Tuesday 07 April 2026 18:18 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"S...
Derivatives Head Mackay Is Latest to Leave Metals Trader IXM
Tom Mackay, head of derivatives at IXM Holding SA, is leaving the metals trading house — the latest of several senior departures in recent months — according to people familiar with the matter.
What happens to your bills if your bank account is frozen by a debt collector?
MoneyWatch: Managing Your Money What happens to your bills if your bank account is frozen by a debt collector? We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Angelica Leicht Angelica Leicht Senior Editor, Managing Your Money Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com,...
Romanian authorities developing contingency plan for fuel supply crisis
"Romania is in a slightly better position than other European countries because a portion of oil production and refining takes place domestically, and supply chains are shorter," President Nicusor Dan noted
Older workers are retiring instead of having to learn AI during their last years on the job
NewsWorldAmericasOlder workers are retiring instead of having to learn AI during their last years on the jobThe number of Americans in the workforce over the age of 55 hit a record low last monthIsabel Keane in New York Tuesday 07 April 2026 17:48 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"showComments":true,"showB...
MidEast Crude Output Seen Dropping by 9 Million Barrels a Day
More than 9 million barrels a day of oil production from key Middle Eastern countries are expected to be shut in during April, according to estimates from the US government, as the war in Iran upends global energy markets.
Morocco Inaugurates $21 Million LOGIPARC 2 to Boost Logistics, Industry
Agadir – Morocco is expanding its industrial and logistics infrastructure with the inauguration of “LOGIPARC 2,” a modern logistics park in Bouskoura, within the Casablanca-Settat region. Moroccan Minister of Transport and Logistics Abdessamad Kayouh officially launched the project today in the presence of key stakeholders, including Moroccan Agency for Logistics Development (AMDL) Director Ghassane El Machrafi and Tijara Développement President Azzedine Lahrichi. LOGIPARC, a subsidiary of...
Gas prices could top $5 if Strait of Hormuz stays shut, J.P. Morgan says
MoneyWatch Gas prices could soon breach $5 a gallon if Strait of Hormuz remains shut, J.P. Morgan analysts say .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Mary Cunningham Mary Cunningham Reporter, MoneyWatch Mary Cunningham is a reporter for CBS MoneyWatch. She previously worked at "60 Minutes," CBSNews.com and CBS News 24/7 as part of the CBS News Associate Program. Read Full Bio Mary Cunningham April 7, 2026 / 12:33 PM EDT / CBS News...
Hormuz blockage threatens the global food supply – why grocery price hikes are coming
NewsWorldMiddle EastHormuz blockage threatens the global food supply – why grocery price hikes are coming In the US, some fertilizers rose more than 40% in just one month after the war’s start in late February 2026Aya S. Chacar The Conversation Tuesday 07 April 2026 17:26 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"...
Sony Pictures Entertainment to Lay Off Hundreds in Massive Reorganization Across TV, Film and Corporate
Sony Pictures Entertainment is restructuring its operations with plans for hundreds of layoffs across its film, TV and corporate divisions in the coming months. The decision was announced by Sony Pictures Entertainment CEO Ravi Ahuja in a memo to staff Tuesday. “Over the past year, we have sharpened our strategy and clarified where we believe […]
IRSA okays 15% Kharif shortfall
Pakistan's Indus River System Authority (IRSA) has approved a projected water shortfall of up to 15 per cent for early Kharif 2026, while setting provincial water withdrawals at 67.451 million acre-feet (MAF), as officials warned of persistent supply pressures despite improved reservoir storage. The decision was taken at a meeting of the IRSA Advisory Committee on Tuesday, chaired by IRSA Chairman Amjad Saeed, to finalize water availability criteria for the Kharif season (AprilSeptemb...
FTSE 100 slips ahead of latest Trump war deadline
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Cost of Trump’s Iran war is now estimated to be $500 million a day
NewsWorldAmericasUS politicsCost of Trump’s Iran war is now estimated to be $500 million a dayU.S. may already have spent as much as $31 billion on five-week conflict, think-tank estimatesJoe Sommerlad Tuesday 07 April 2026 17:12 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"showComments":true,"showBookmark":true,"art...
French face shortages at the pump
Fuel supplies have been strained throughout France due to capped prices and Middle East disruptions Shortages have been worsening at filling stations across France, with around 18% of them having run out of at least one type of fuel, Energy Minister Delegate Maud Bregeon has said. Demand has risen amid capped prices, as Middle East war disruptions have pushed global energy costs up. The disruptions have been m...
Drive slower, go electric, don't drive at all? Americans weigh options for saving gas
With gasoline prices averaging above $4 a gallon nationally, drivers are grappling with a sharp rise in fuel costs. Here are some ideas to consider if you're trying to cut your fuel costs.(Image credit: Joe Raedle)
K-P moves towards cashless economy
The Khyber-Pakhtunkhwa government has prepared legislation to transform the province into a cashless economy by introducing the ‘Khyber-Pakhtunkhwa Digital Payment Act 2026’. Under the proposed law, all businesses across the province will be required to adopt digital payment systems, with mandatory display of QR codes at shops and commercial centers to facilitate transactions. According to the draft bill, educational institutions, clinics, and hospitals will also be bound to a...
Amazon cuts back USPS deliveries in new agreement
Amazon has reached a tentative deal with the U.S. Postal Service (USPS), allowing the mail agency to maintain about 80 percent of deliveries for the e-commerce giant. The agreement for a 20 percent cut in USPS deliveries comes after months of negotiations with Amazon, which previously threatened a two-thirds or larger reduction, Reuters reported last…
Fuel prices could keep rising for months even if Hormuz reopens, US EIA says
Fuel prices could keep rising for months even after the Strait of Hormuz reopens, the U.S. Energy Information Administration said on Tuesday, deviating from President Donald Trump’s assurances that consumers will see immediate relief when the war with Iran ends. The U.S.-Israeli war with Iran, now in its second month, has sent oil and fuel prices skyrocketing around the world as Iran has blocked the Strait of Hormuz, a key trade chokepoint responsible for the transiting of one-fifth of th...