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‎President Donald Trump said he has instructed Kurdish forces not to participate in the war involving Iran, as the United States and Israel continue carrying out strikes on Tehran. ‎ ‎Speaking aboard Air Force One on Saturday while returning to Florida, Trump said he had personally ruled out Kurdish participation. The president had been traveling after attending a military service honoring six fallen American soldiers. ‎ Donald Trump says he told Kurdish forces not to join the war with Iran as US and Israeli strikes hit Tehran, warning their involvement would complicate the conflict. ‎Ethan Swope/Getty Images ‎ ‎Trump explained that although the United States maintains friendly ties with Kurdish groups, bringing them into the war could complicate an already tense situation. ‎ ‎“We’re very friendly with the Kurds, as you know, but we don’t want to make the war any more complex than it already is,” Trump said. “I have ruled that out, I don’t want the Kurds going in.” ‎ ‎Accor...

‎A new financial niche is taking shape following the Supreme Court’s decision to strike down tariffs imposed under the International Emergency Economic Powers Act. Investors and hedge funds have begun acquiring rights to potential tariff refunds from U.S. importers, creating what some believe could become a market worth tens of billions of dollars. ‎ ‎Hedge funds and investors are buying tariff refund rights from importers after a Supreme Court ruling on IEEPA tariffs, fueling a speculative market that could reach $100B. ‎Ronda Churchill/Bloomberg via Getty Images ‎ ‎The development gained attention after Rep. Jamie Raskin, the ranking member of the House Judiciary Committee, contacted Commerce Secretary Howard Lutnick and Brandon Lutnick, chairman of the financial services firm Cantor Fitzgerald. ‎ ‎In his late-February letter, Raskin requested an investigation into the firm. He alleged that Cantor Fitzgerald had been purchasing the rights to tariff refunds from American c...

‎Saudi Arabia has increased its diplomatic outreach to Iran in an attempt to limit the spread of a Middle East conflict that is disrupting global markets and creating regional instability, according to several European officials. ‎ ‎In the past few days, Saudi representatives have intensified the use of confidential communication channels with Iranian counterparts in hopes of reducing tensions and preventing the situation from deteriorating further. The officials, who spoke anonymously due to the sensitive nature of the discussions, said multiple European and Middle Eastern governments are supporting these efforts. ‎ Saudi Arabia increases diplomatic engagement with Iran in urgent efforts to contain the growing Middle East war as tensions continue to disrupt regional stability. ‎Justin Tallis/AFP via Getty Images ‎ ‎The ongoing exchanges reportedly involve diplomats and security officials from both sides. However, it remains uncertain whether the discussions have reached th...

‎President Donald Trump said the United States may expand its list of potential targets in Iran, signaling a possible escalation in the conflict that has already rattled energy markets and drawn in multiple countries. ‎ ‎The warning came as U.S. and Israeli forces continued coordinated strikes across Iran for the eighth straight day. In an early Saturday social media post, Trump declared that Iran would face heavy attacks and indicated that the campaign would continue until the country either surrendered or collapsed. ‎ ‎Trump warns the U.S. could strike additional targets in Iran as the conflict deepens, driving oil above $90, halting Strait of Hormuz shipping, and drawing more nations into the crisis. ‎Saul Loeb/AFP via Getty Images ‎Iran’s leadership quickly responded. President Masoud Pezeshkian insisted that the Islamic Republic would not capitulate while missile launches toward Israel and Gulf states hosting American military bases continued. In a speech, he rejected ...

‎The ongoing war in Iran shows little indication of easing, raising concerns that the conflict could stretch on and destabilize the wider Middle East while placing additional pressure on the global economy. ‎ ‎As the fighting reaches the end of its first week, governments across the region are assessing the immediate damage and considering how the situation might develop. The Middle East has long been central to global oil and gas supply, but the conflict is already disrupting that role. Tankers are unable to move through hazardous waters while missiles cross the skies, some aimed at key energy infrastructure. Officials warn that prolonged fighting could deepen the economic consequences worldwide. ‎ ‎The Iran war is disrupting global oil and LNG flows as tanker traffic halts and energy facilities face attacks, raising fears of inflation, supply shortages, and economic slowdown. ‎Noushad Thekkayil/NurPhoto via Getty Images ‎ ‎Saad al-Kaabi, Qatar’s energy minister and head o...

‎A recent decision by the Supreme Court of the United States may significantly reshape federal finances after striking down many tariffs introduced during the second administration of Donald Trump in 2025. ‎ ‎The ruling, delivered late last month, invalidated a large portion of those duties, leaving a notable shortfall in government revenue. The administration had expected tariffs to bring in roughly $300 billion annually, funds that were intended to support several initiatives, including tariff rebate payments and corporate tax deductions outlined in the One Big Beautiful Bill Act. ‎ ‎A Supreme Court decision overturning tariffs could push the U.S. Treasury to borrow $1.6 trillion and add $400 billion in interest costs by 2036, according to CBO estimates. ‎Andrew Caballero-Reynolds/AFP via Getty Images  ‎ ‎However, the court determined that the administration lacked authority to impose those tariffs under the International Emergency Economic Powers Act. As a result, ta...

History shows that major inventions often eliminate entire professions. The spread of electricity removed the need for lamplighters and elevator operators, while the rise of computers gradually replaced jobs such as switchboard operators, data entry clerks, and file clerks. ‎ ‎Anthropic analysis reveals AI could perform most tasks in finance, tech, and administration, raising warnings about hiring slowdowns and potential risks to white-collar workers. ‎‘Labor market impacts of AI: A new measure and early evidence’/Anthropic ‎Artificial intelligence may now be preparing to reshape another segment of the workforce. ‎ ‎A new report from Anthropic examines which types of work artificial intelligence is already performing and which tasks it could theoretically handle in the future. The findings suggest that the technology’s potential influence on professional jobs is far larger than its current use. ‎ ‎The company, created by former researchers from OpenAI and known for developi...

Financial markets reacted in what economists described as a rational manner after hostilities erupted between the United States and Iran over the weekend. While the humanitarian consequences remain paramount, attention quickly shifted to the economic implications. ‎ ‎Energy desks are now at the center of the storm. Disruptions to supply chains are broadly expected following the unrest in the Middle East, and parts of that risk have already been reflected in commodity prices. ‎ ‎UBS highlights four economic risks from Trump’s Iran action: higher oil, Red Sea trade threats, rising deficits, and tariff refunds hitting U.S. finances. ‎Daniel Torok/White House/Getty Images ‎ ‎According to Paul Donovan, global chief economist at UBS, four macroeconomic themes stand out. The first is the effect of rising crude prices on inflation. For U.S. analysts already sensitive to affordability pressures, any sustained increase could complicate the outlook. ‎ ‎Second is the vulnerability of s...

‎European financial markets reopened to turbulence after weekend military strikes by the United States and Israel on Iran and the killing of Supreme Leader Ali Khamenei. The reaction was immediate: equities retreated, energy prices advanced, and investors pivoted toward traditional havens. ‎ ‎European equities decline as Iran conflict boosts oil and defense stocks, hits travel shares, and intensifies inflation and growth concerns. ‎Morteza Nikoubazl/NurPhoto via Getty Images ‎ ‎The rebound in oil and gas prices underscored the emergence of what traders now describe as the “war trade,” adding to an already active AI “scare trade.” Gold strengthened, and the dollar attracted demand despite uncertainty linked to Donald Trump. Geopolitical tensions are reshaping market risk assessments in real time. ‎ ‎A sharp downturn swept across key indexes. The STOXX Europe 600 declined 1.6%, matching losses seen in Germany’s DAX. Britain’s FTSE 100 fell 0.75%. Financial institutions were a...

‎President Donald Trump appeared to show signs of a fresh physical issue alongside the hand bruise that has lingered in recent appearances — a prominent rash across his neck. ‎ ‎President Donald Trump was seen with a noticeable neck rash during a Medal of Honor ceremony in the East Room of the White House on Monday. ‎Getty Images ‎ ‎The skin irritation was clearly visible on Monday as he took part in a Medal of Honor presentation held in the East Room of the White House. Observers could see the affected area beginning just behind his right ear. ‎ ‎Getty Images ‎ ‎From there, the breakout traced a path downward along his neckline, extending past the collar of his shirt. The marks were noticeable throughout the ceremony.

‎What could have been handled behind closed doors instead ended in a devastating military strike. ‎ ‎For months, the United States and Israel closely followed Iranian Supreme Leader Ali Khamenei, ultimately identifying a rare opportunity: a major gathering of Islamic Republic security officials at his compound in Tehran. ‎ ‎US and Israeli forces launched a surprise daylight strike in Tehran, killing Ayatollah Ali Khamenei and dozens of senior Iranian officials. ‎Getty Images ‎ ‎On Saturday morning, Israeli fighter jets carried out broad daylight airstrikes, reducing parts of the compound to rubble. The operation resulted in the death of Khamenei, dozens of senior officials, and three members of his family. ‎ ‎According to a report by The New York Times, citing anonymous sources, the CIA had spent considerable time studying the 86-year-old leader’s movements and habits. Newly acquired intelligence revealed details of the high-level meeting in central Tehran. Officials descri...

‎President Donald Trump declared that U.S. military operations against Iran will proceed without pause for as long as required to secure peace across the Middle East and beyond, following confirmation that Supreme Leader Ali Khamenei has died. ‎ ‎The president had already outlined sweeping objectives for the campaign, including dismantling Iran’s nuclear infrastructure, ballistic missile systems, and broader military capabilities. Earlier Saturday, he urged Iranians to remove their government once aerial assaults subside, describing regime change as a potential outcome. ‎ ‎Trump confirms Khamenei’s death and vows uninterrupted U.S. bombing of Iran until peace is achieved, signaling broader goals beyond regime change. ‎Iranian Leader Press Office/Anadolu via Getty Images ‎Later that afternoon, Trump intensified his rhetoric in a social media statement, emphasizing that the bombardment would not be limited in duration. ‎ ‎“Bombing to continue throughout the week — The heavy a...

‎Iran’s leadership is confronting what analysts describe as an existential moment following U.S.-Israeli airstrikes, with President Donald Trump openly calling for regime change. Security experts say Tehran may respond in ways that significantly expand the conflict. ‎ ‎Iran faces an existential threat after U.S.-Israeli airstrikes. Former NATO commander warns Tehran could escalate by closing the Strait of Hormuz. ‎Jack Guez/AFP via Getty Images ‎While the Islamic Republic has retaliated with missiles and drones, the pace remains below the barrage seen in June 2025, when the United States joined Israel in a 12-day campaign targeting Iranian nuclear facilities. ‎ ‎Retired Admiral James Stavridis, the former NATO supreme allied commander, outlined two potential paths in remarks to CNN. Iran could maintain its current level of missile launches and consolidate internally. Alternatively, if its leaders conclude they are cornered, they could dramatically escalate. ‎ ‎According to ...

‎Multiple FBI agents and analysts who worked on the investigation into President Donald Trump’s retention of classified documents after leaving office were dismissed Wednesday, sources told CBS News. At least 10 employees were affected. ‎ Multiple FBI employees involved in the Trump Mar-a-Lago documents investigation were fired as disputes grow over subpoenas and oversight claims. ‎Tom Williams—CQ–Roll Call Inc./Getty Images ‎ ‎The individuals were connected to the classified records inquiry led by former Special Counsel Jack Smith. That probe examined Trump’s possession of sensitive materials following his departure from the White House in 2021, as well as alleged obstruction of Justice Department efforts to recover them. ‎ ‎The dismissals occurred after Reuters reported that the FBI had subpoenaed phone records belonging to FBI Director Kash Patel and White House Chief of Staff Susie Wiles during the investigation. At the time the records were sought, both were private ci...

‎Hours before President Donald Trump delivers his State of the Union address, the Committee for a Responsible Federal Budget (CRFB) delivered a sharp critique of his administration’s economic policies. The watchdog warned that the nation faces unprecedented debt levels, contradicting the fiscal achievements Trump is expected to highlight. ‎ ‎Budget watchdog warns U.S. debt at record highs before Trump’s State of the Union, citing tariffs, tax cuts, and unsustainable spending as key drivers. ‎Win McNamee/Getty Images ‎ ‎Maya MacGuineas, CRFB president, stressed that Americans are entering 2026 “more indebted than ever outside a war or emergency.” Her statement follows heightened tensions between the watchdog and Treasury Secretary Scott Bessent, which erupted after the Supreme Court struck down Trump’s emergency tariffs implemented under the International Emergency Economic Powers Act (IEEPA). ‎ ‎The CRFB projected that the loss of these tariffs could slash $2 trillion in fe...

‎In advance of his February 2026 State of the Union address, President Trump appears poised to amplify his trade agenda once again. Known for calling himself “Tariff Man,” he continues to champion duties on imports as a defining feature of his presidency—despite overwhelming skepticism from economists across the political spectrum. ‎ Ahead of the 2026 State of the Union, Trump escalates tariffs after a court defeat. Economists say U.S. trade deficits are domestically driven, not foreign abuse. ‎Jabin Botsford/The Washington Post via Getty Images ‎His latest escalation follows a Supreme Court ruling that struck down a central element of his trade policy by a 6–3 vote. Reacting swiftly, Trump criticized the justices as “disloyal,” introduced a 10% tariff applied globally, and raised it to 15% within days via social media posts. He has also promised to impose what he termed “absolutely ‘terrible’ things” on foreign governments. ‎ ‎Trump insists that while one approach was reje...

‎For years, landing a role in Big Tech as a software engineer meant long-term security and lucrative starting pay. That certainty is now being questioned. According to Boris Cherny, the developer behind the AI system Claude Code, the traditional software engineer title may vanish before the end of this year. ‎ ‎Cherny shared his outlook during an episode of Lenny’s Podcast, hosted by Lenny Rachitsky. He predicted a shift in how work is structured in tech teams. In his view, “software engineer” will gradually be replaced by “builder,” with coding becoming a universal skill rather than a specialized title. He cautioned that the transition will be difficult for many professionals. ‎ ‎Boris Cherny says AI tool Claude Code may eliminate the software engineer title by year-end, reshaping tech jobs and expanding AI across industries. ‎Samyukta Lakshmi/Bloomberg via Getty Images ‎ ‎How Claude Code Is Changing Engineering ‎ ‎Released a year ago, Claude Code quickly gained traction a...

‎The Supreme Court of the United States has ruled that President Donald Trump could not rely on the International Emergency Economic Powers Act (IEEPA) to impose sweeping tariffs on trading partners, casting uncertainty over roughly $175 billion collected under the policy. ‎ ‎While few families were counting on a rebate check tied to tariff collections, the prospect now appears even more remote. With economists estimating that up to $175 billion is tied up in litigation over potential refunds, Treasury Secretary Scott Bessent indicated the funds may never make their way back to consumers. ‎ ‎Supreme Court halts IEEPA tariffs as Scott Bessent signals $175B in disputed revenue may never reach Americans amid ongoing legal battles. ‎Richard Rodriguez/Getty Images ‎ ‎Legal Dispute Over Tariff Revenue ‎ ‎The ruling determined that the White House’s use of IEEPA authority to introduce global tariffs was unlawful. Tariffs were first applied to China in February 2025, followed by Ca...

‎The late 19th century’s Gilded Age became a symbol of immense corporate dominance. Industrial titans such as Cornelius Vanderbilt wielded extraordinary authority—so much so that on November 18, 1883, railroad companies in the United States and Canada introduced four standardized time zones across North America. The shift, remembered as “the Day of Two Noons,” caused clocks in many towns to strike midday twice. ‎ ‎Anthropic CEO Dario Amodei voices unease over the rapid, accidental concentration of AI power, warning of economic upheaval and trillion-dollar fortunes. ‎Prakash Singh/Bloomberg/Getty Images ‎ ‎A similar concentration of influence is now unfolding in artificial intelligence. Even insiders shaping this transformation are expressing unease. Dario Amodei, chief executive of Anthropic, says the speed and manner in which authority has gathered in the AI sector troubles him deeply. ‎ ‎Speaking on the WTF Is with host Nikhil Kamath, Amodei suggested that luck played a s...