Global inventory race intensifies amid fears of energy crunch from Iran war

Rising UK unemployment amid geopolitical tensions signals potential economic instability, challenging growth forecasts and policy responses. The post UK unemployment unexpectedly rises to 5% amid Iran war pressures appeared first on Crypto Briefing.

Tech billionaire Elon Musk has lost his $160 billion dollar lawsuit against OpenAI and its chief Sam Altman in a federal court in California.  After 11 days of testimonies and arguments, a 9-member jury deliberated for less than two hours to reach a unanimous verdict, saying Musk filed the case too late, beyond the statute of limitations.  Also on the show, research finds US drivers have spent over $40 billion in additional fuel costs since the start of the Iran war.

Rising fuel costs from military actions strain American households, highlighting the economic vulnerability tied to geopolitical conflicts. The post Donald Trump’s Iran war costs Americans $40B in fuel bills appeared first on Crypto Briefing.

While macro pain and Iran war uncertainty drag Bitcoin below $79K, fixed-income market outflows could trigger a medium-term Bitcoin rebound.

The Fed's hawkish shift could strain economic growth, impact crypto liquidity, and challenge inflation control, altering future rate strategies. The post Federal Reserve faces hawkish shift in rate outlook as Iran war reshapes inflation expectations appeared first on Crypto Briefing.

Rising ECB rates amid geopolitical tensions could trigger inflation control challenges, impacting eurozone growth and financial market stability. The post European Central Bank rate hikes increasingly likely due to Iran war, says Nagel appeared first on Crypto Briefing.

Suspending the federal gas tax could offer temporary consumer relief but risks significant funding shortfalls for essential infrastructure projects. The post Trump proposes pausing federal gas tax to relieve consumers amid Iran war pressure appeared first on Crypto Briefing.

The post Bessent sees ‘substantial disinflation’ ahead as Warsh takes over the Fed appeared on BitcoinEthereumNews.com. Even with recent inflation news universally bad, Treasury Secretary Scott Bessent expects price pressures to ease soon, just in time for the new Federal Reserve chair to take over. Speaking Thursday to CNBC, Bessent said the energy-fed inflation surge recently is likely to reverse as the U.S. is “going to keep pumping” oil, easing the supply shock from the Iran war. “I firmly believe that nothing is more transient than a supply shock, and we can, we can look through that, because before the Iranian conflict began, core inflation was coming down,” Bessent told CNBC’s Joe Kernen from the sidelines of President Donald Trump’s summit with his Chinese counterpart, Xi Jinping. “So I think core inflation will continue coming down.” That hasn’t been the recent trend, however. Separate readings this week showed that consumer prices jumped 0.6% in April — and still rose 0.4% ev