
US strikes Iranian targets after month-long pause

United States forces struck two Iranian launchers on Larak Island on Sunday, marking the first direct U.S. military action against Tehran in a month as tensions surrounding the Iran war remain elevated. U.S. Central Command (CENTCOM) spokesman Commander Tim Hawkins said Iranian Islamic Revolutionary Guard Corps forces had been observed preparing to launch rockets and sea mines into the Strait o

Nvidia forecasts 70% fiscal 2028 revenue growth

Nvidia delivered better-than-expected fiscal second-quarter results and issued revenue guidance above Wall Street forecasts, sending its shares 3.9% higher in after-hours trading. The chipmaker reported adjusted earnings per share (EPS) of $2.22, compared with expectations of $2.09, while revenue reached US$96.22 billion, ahead of the US$92.27 billion forecast. Nvidia sits at the centre of t

Warsh sharpens inflation warning at Jackson Hole

Federal Reserve Chairman Kevin Warsh delivered a more hawkish assessment of inflation at Jackson Hole on Friday, prompting traders to increase bets on an interest rate hike at the Federal Reserve's September meeting. Warsh said elevated prices should remain the central bank's primary focus and described financial conditions as not broadly restrictive, a shift from his July news conference, when

Wall St ends lower as Warsh stresses inflation fight

Wall Street's main indexes ended lower on Friday (Saturday AEST) as investors turned cautious after Federal Reserve Chair Kevin Warsh reiterated the central bank's focus on fighting inflation, strengthening expectations for a potential interest rate hike. Without confidence that inflation is heading clearly and with sufficient speed to the Fed's 2% goal, the central bank would have "work to do"

Trump: Venezuelan oil deal will help refill US reserve

United States President Donald Trump said oil secured under a newly announced agreement with Venezuela will be used to replenish the Strategic Petroleum Reserve (SPR), which has been heavily drawn down in recent years to respond to global supply disruptions and high fuel prices. Trump said in a post on Truth Social that the "topping out" process would begin shortly, describing the crude as a "G
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