
EXCLUSIVE Sneak attack Iran could use on AMERICA: urgent warning as war threatens to spiral out of control
As the conflict in Iran reaches a critical tipping point for the US, a cyberwarfare expert has warned that an attack by Iranian hackers is not just possible, it's likely.
James Knight, who has over 25 years of experience in digital security, told the Daily Mail that Americans should be prepared for bank disruptions and potential blackouts if the US officially enters the fighting between Israel and Iran.
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Reuters
19 minutes ago
- Reuters
Oil falls as investors weigh chance of US intervention in Iran-Israel conflict
BEIJING, June 19 (Reuters) - Oil prices slipped on Thursday as investors hesitated to take new positions after U.S. President Donald Trump gave mixed signals on the country's potential involvement in the ongoing Israel-Iran conflict. Brent crude futures fell 37 cents, or 0.48%, to $76.33 a barrel by 0110 GMT after gaining 0.3% in the previous session marked by high volatility, with prices falling as much as 2.7%. U.S. West Texas Intermediate crude for July fell 28 cents, or 0.37% to $74.86 a barrel, after settling up 0.4% in the previous despite dropping by as much as 2.4%. The July contract expires on Friday and the more active August contract was down 21 cents, or 0.29%, to $73.29 a barrel. There is still a "healthy risk premium baked into the price as traders await to see whether the next stage of the Israel-Iran conflict is a U.S. strike or peace talks", Tony Sycamore, market analyst at IG, said in a note. The former could lead prices to rise by $5 while peace talks could lead to a drop of around the same magnitude, Sycamore said. Trump on Wednesday told reporters that he may or may not decide for the U.S. to join Israel in its missile attacks on Iran. The conflict stretched into its seventh day on Thursday. Direct U.S. involvement would widen the conflict, putting energy infrastructure in the region at higher risk of attack, analysts say. Iran is OPEC's third-largest producer, extracting about 3.3 million barrels per day (bpd) of crude oil. But more crucially, about 19 million bpd of oil and oil products move through the key Strait of Hormuz waterway and there is widespread concern the fighting could disrupt trade flows there. The U.S. Federal Reserve kept interest rates steady on Wednesday but pencilled in two rate cuts by the end of the year. Chair Jerome Powell however cautioned the rate cuts would be "data-dependent" and that more consumer inflation is expected from President Trump's planned import tariffs. Lower interest rates would stimulate the economy, and as a result demand for oil, but that could exacerbate inflation.


The Guardian
23 minutes ago
- The Guardian
Trump asks Juventus players during White House visit whether a woman would make their team
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Daily Mail
28 minutes ago
- Daily Mail
Costco rival plots big price hikes on hundreds of home essentials: 'Buckle up'
Sam's Club is weighing price hikes on a range of products in response to tariffs imposed by President Donald Trump. Kitchen appliances and outdoor decor are among the items that may see increases, according to chief financial officer Todd Sears. 'If we see those higher costs come in, certainly we have to take a look at all options,' Sears told the Wall Street Journal. The Costco rival, which earns 80 to 90 percent of its profits from paid memberships, is known for offering high-quality goods at low prices. Sam's Club is currently luring new members with annual fees of $20 rather than $50 and promising to freeze prices on more than 1,000 items through July 22. The chain has no immediate plans to raise food prices, but shoppers are skeptical. On Reddit, several users reported price jumps — including a $3 increase on Folgers coffee and a bump in meat prices. Walmart, parent company of Sam's Club, has also been raising prices due to tariff s. Target has also been hiking prices. While social media users claimed prices are growing, Sam's Club did not expect cost growth in food products from tariffs. A partial reason for this is that it would reduce the chain's costs by improving packaging to lengthen shelf life and using less packaging. Sam's Club also uses data and algorithms to calculate fruit demand, which are imported from countries like the US and Mexico. It has also been working to manage its inventory as a way to minimize product markdowns. Walmart frequently helps Sam's Club thrive by giving the chain access to its supply chain, which has helped the business fulfill orders and save money. With Walmart having already rose product prices last month, senior equity research analyst Steven Shemesh believes the potential price rise won't harm Sam's Club too much. 'Increasing prices is definitely a risk, but Sam's Club, being under the Walmart umbrella, has many more tools to mitigate the impact of higher costs than a lot of other retailers out there,' he said. Sam's Club usually offers pricier items than Walmart, and with the potential price rise on expensive products, it could lead to a weakening demand. 'If tariffs are hypothetically 60 percent on the barbecue grills, maybe next year you don't carry them. You just plan for less unit volume in that situation,' said Rupesh Parikh, a managing director at investment bank Oppenheimer & Co. Social media users are expecting product prices to keep rising as a result of tariffs Walmart was one of the retailers that issued a price increase warning last year. Employees leaked price changes on Reddit days after Walmart confirmed the growth, gradually turning into an avalanche of price hikes on popular products. The company was also forced to axe about 1,500 jobs even though its quarterly revenue has continued to be successful. A Costco executive warned shoppers of price hikes in December, and accusations of food court price growth swirled the internet soon afterward. Once tariffs began to do its damage on gold, the chain was forced to place limits on its popular gold bars. Costs of select products at Target and Best Buy rose by mid May after its CEOs issued their warning in March, and hikes in Adidas and Nike brands resulted in price changes at Macy's.