All posts tagged: business news

Iran takes aim at Canada for supporting U.S. in Strait of Hormuz

Iran takes aim at Canada for supporting U.S. in Strait of Hormuz

Published by Sam Flores

A flag adorns the ArcelorMittal Dofasco steel plant as trade tensions escalate over U.S. tariffs and retaliatory measures by Canada in Hamilton, Ontario, Canada, Aug. 24, 2026. Carlos Osorio | Reuters Iran hit out at Canada for supporting U.S. actions in the Strait of Hormuz, calling Ottawa’s moves “a display of strategic confusion and submission to intimidation.” In a post on X, Tehran’s Foreign Ministry spokesperson Esmaeil Baghaei said that Canada chose to “appease” the U.S. “on the very day the U.S. president, in blatant contempt for Canada’s sovereignty and independence, portrayed the entire country as part of the United States.” Baghaei was referring to a post by U.S. President Donald Trump on Monday stateside, which showed the U.S.’ territory covering Canada, Greenland and Iceland. In his second term, Trump has repeatedly made comments about making Canada the 51st state of the U.S. and annexing Greenland, which is a semi-autonomous territory of Denmark. Baghaei’s comments came after Canada condemned Iran’s “destabilizing actions” in the Middle East, saying that it would work with partners to maintain …

EU announces funding boost for Greeland amid Trump threats

EU announces funding boost for Greeland amid Trump threats

Published by Sam Flores

European Commission President Ursula von der Leyen (R), Greenland’s Prime Minister Jens-Frederik Nielsen (L) and Denmark’s Prime Minister Mette Frederiksen visit Qoornoq, an abandoned settlement on the island of Qaarusuup Nunaa, also called ‘Bear Island’, Greenland on September 6, 2026. Mads Claus Rasmussen | Afp | Getty Images European Commission President Ursula von der Leyen on Monday announced a fresh funding boost for Greenland, seeking to shore up Arctic ties with the self-governing Danish territory amid U.S. President Donald Trump’s annexation drive. Speaking alongside Greenlandic Prime Minister Jens-Frederik Nielsen and Danish Prime Minister Mette Frederiksen, the EU chief said the 200-million-euro ($232.3 million) funding package reflects “a clear choice” by Greenland to strengthen ties with the 27-nation bloc. “This partnership package focuses mainly on three domains, or strategic priorities. We call them the big Cs: connectivity, clean energy [and] critical raw materials,” Von der Leyen told reporters at a news conference. The funds, which is to be invested this year and in 2027, is designed to bolster ties between the EU and the Arctic, with …

Trump says he made ‘Hundreds of Billions’ on stocks in AI posting spree

Trump says he made ‘Hundreds of Billions’ on stocks in AI posting spree

Published by Sam Flores

US President Donald Trump speaks during a meeting with travel industry executives in the Oval Office of the White House in Washington, DC, on Sept. 2, 2026. Brendan Smialowski | AFP | Getty Images President Donald Trump posted a stream of AI-generated images and a series of sweeping and unverified claims on Truth Social on Sunday, including saying that he has made hundreds of billions of dollars on stocks and other holdings for the U.S. The 80-year-old commander in chief spent more than 10 hours on Sunday posting dozens of apparently AI-generated images on his social media platform. The posts included a depiction of Iran’s defeat, Trump on horseback with George Washington, and an apparently AI-generated image of Robert De Niro holding a shirt that read, “Trump is my president.” One AI image appears to show the president sitting in front of several monitors in the White House tracking the stock market with a caption that reads: “I do this for our Country, not myself. I’ve made Hundreds of Billions of Dollars on Stocks, and …

Far-right win in Germany puts Europe’s biggest economy under pressure

Far-right win in Germany puts Europe’s biggest economy under pressure

Published by Sam Flores

Alternative for Germany (AfD) party members and candidates celebrate at the party headquarters following an exit poll release during Saxony-Anhalt regional elections, in Magdeburg, Germany, on Sunday, Sept. 6, 2026. The far-right Alternative for Germany decisively won the state election in Saxony-Anhalt amid growing public discontent with the political establishment. Bloomberg | Bloomberg | Getty Images A landslide electoral victory for the far-right in the small but significant state of Saxony-Anhalt over the weekend is sending shockwaves through Europe and piling pressure on Germany’s federal government. Alternative for Germany (AfD) secured the highest share of the vote at 43.8%, well above the 17.2% of the incumbent Christian Democratic Union Party (CDU), which also leads the country’s national coalition under Chancellor Friedrich Merz. Initial results show the AfD securing 39 of 83 parliamentary seats, leaving it three seats short of an outright majority and uncertain over its ability to form a new state government. A so-called “firewall” sees other parties in Germany agree not to cooperate with far-right in a way that would give it political …

Israel orders south Lebanon evacuation ahead of Hezbollah strikes

Israel orders south Lebanon evacuation ahead of Hezbollah strikes

Published by Sam Flores

TEHRAN, IRAN – AUGUST 2: A man looks at a banner depicting U.S. President Donald Trump and bearing messages was displayed in front of the Zolfaghar and Zolghadr ballistic missiles exhibited at Azadi Square in Tehran, Iran’s capital, on August 2, 2026. (Photo by Fatemeh Bahrami/Anadolu via Getty Images) Anadolu | Anadolu | Getty Images Israel’s military ordered evacuations in southern Lebanon Monday, ahead of planned strikes on a Hezbollah facility, deepening cracks in a ceasefire that has failed to stop near-daily exchanges of fire. In a X post on Monday morning, Israeli military spokesperson Ella Waweya called on residents inside a building marked on an accompanying map in Deir al-Zahrani — and in adjacent structures — to “evacuate immediately” and move at least 300 meters away, saying the site was near a Hezbollah facility the army intended to target and warning that remaining in the area “puts you in danger.” At least seven people, including two women, were killed in Israeli strikes across southern Lebanon on Sunday, with six others wounded, Reuters reported, citing …

Fuel Prices at Record Labor Day High in US Thanks to Iran War and Refinery Issues

Fuel Prices at Record Labor Day High in US Thanks to Iran War and Refinery Issues

Published by Sam Flores

It’s never been more expensive in the U.S. to fill up the tank and take one last summer trip over the Labor Day weekend. The average price of regular gas was $4.14 a gallon heading into the holiday, nearly a dollar higher than last year and well above the Labor Day weekend record of $3.82 from 2012, according to AAA motor club. Nicole Collins planned to head from Philadelphia to South Carolina to visit friends, but she said her family has spent most of the summer close to home and not taking their typical weekend trips because driving has gotten so expensive. “Gas is pretty high right now. It doesn’t help that we also have a baby, so we also have to pay for that,” Collins said outside a gas station in Claymont, Delaware, where regular gas was $4.199 a gallon. Prices shot up after the U.S. and Israel attacked Iran in February and have not settled down since. Crude oil traffic through the key Strait of Hormuz has plunged, and Iran has refused to …

Assailant lunged at Ohio governor candidate Amy Acton: Campaign

Assailant lunged at Ohio governor candidate Amy Acton: Campaign

Published by Sam Flores

Ohio Democratic gubernatorial candidate and former director of the Ohio Department of Health, Dr. Amy Acton, speaks with supporters during a rally on April 28, 2026, in Cincinnati, Ohio. Jon Cherry | Getty Images News | Getty Images An armed assailant lunged at the Democratic candidate for Ohio governor, Amy Acton, on Sunday during a campaign stop at the Canfield Fair, injuring several people, campaign officials said. The suspect knocked volunteers to the ground and was arrested with “multiple weapons,” Mahoning County Democratic Party chairman Chris Anderson said in a statement. Acton was not injured, but campaign officials said multiple people were hurt. The Ohio gubernatorial race is one of the most high-profile races this year as the campaigns enter the final six weeks of campaigning before the general election in November. Republican Gov. Mike DeWine recruited Acton from Ohio State University, where she was an associate professor of public health, to lead the Ohio Department of Health in 2019. As the COVID-19 pandemic ramped up in early 2020, she was thrown into the state …

At Least 5 Dead After Amazon Cargo Plane Barreled off Runway at Miami Airport

At Least 5 Dead After Amazon Cargo Plane Barreled off Runway at Miami Airport

Published by Sam Flores

MIAMI (AP) — An Amazon cargo plane barreled off a runway at Miami International Airport on Sunday, killing at least five people and injuring five others as it struck vehicles and was engulfed in flames, authorities said. The aircraft overran the runway around 2 p.m. after arriving from San Juan, Puerto Rico, and plowed across a road used by warehouse workers and other businesses that surround the airport. Five people were killed, three critically injured and two others hospitalized with less severe injuries, Miami-Dade County officials told a news conference. It wasn’t immediately clear if the pilots survived or those killed were all in vehicles when the plane struck. The crash, which sent thick black smoke billowing into the sky, trapped the pilot and copilot in the cockpit and some occupants in cars, said Miami-Dade Rescue Fire Chief Ray Jadallah. The agency said crews also had to extricate a person who was trapped under a vehicle. The crash halted flights at the busy travel hub for much of the afternoon. Some 200 emergency personnel responded, …

Trump admin appeals again to Supreme Court to restrict mail-in ballots

Trump admin appeals again to Supreme Court to restrict mail-in ballots

Published by Sam Flores

People deposit their mail-in ballots for the US presidential election at a ballot collection box in Phoenix, Arizona on October 18, 2020. Robyn Beck | Afp | Getty Images The Trump administration on Sunday renewed its appeal to the Supreme Court after a federal judge blocked new restrictions on mail ballots ahead of the midterms. The filing came after U.S. District Court Judge Indira Talwani extended an order against the Postal Service enforcing President Donald Trump’s executive order for the November elections. The legal wrangling comes even as states start sending out mail ballots, leaving the administration little time to make big changes in mail ballot rules. “Ballots have already begun to be mailed in North Carolina, and more States will begin the mailing process as the injunction remains in place — including Alabama on September 9 and at least five States the week of September 13,” Solicitor General John Sauer said in the filing. “Once those ballot envelopes enter the mailstream, there is no retrieving them. And while the injunction allows the Postal Service …

SEC sues ISS as Trump admin ramps up scrutiny of proxy advisers

SEC sues ISS as Trump admin ramps up scrutiny of proxy advisers

Published by Sam Flores

A person on a scooter leaves the entrance to the U.S. Securities and Exchange Commission headquarters building on May 26, 2026, in Washington, DC. J. David Ake | Getty Images The Securities and Exchange Commission sued Institutional Shareholder Services, seeking to force the influential proxy adviser to turn over information as the Trump administration steps up scrutiny of firms that help investors decide how to vote their shares. The SEC filed the subpoena-enforcement action Friday in the U.S. District Court for the Eastern District of Pennsylvania, saying ISS had refused to fully comply with an administrative subpoena seeking information about its proxy recommendations and voting activity. The agency’s Division of Examinations began reviewing ISS in March and requested data related to the firm’s recommendations and votes, the SEC said. After ISS did not produce all of the requested information, the enforcement division opened an inquiry and issued a subpoena on July 21. The SEC said ISS has continued to withhold some records despite extended deadlines and repeated efforts to resolve the dispute. The regulator said …