Business

Escalating hostilities in the Middle East—particularly between Israel and Iran—are fuelling renewed volatility in global oil markets. Brent crude is hovering around the mid‑$70s per barrel, roughly 10% higher than pre-conflict levels, while West Texas Intermediate (WTI) is in the low‑$70s. 🌐 What’s Driving the Volatility? Strait of Hormuz risks: This strategic chokepoint handles about

Golden State Review Contributor·June 19, 2025

U.S. stock futures experienced a notable dip on June 17, 2025, following President Donald Trump’s abrupt departure from the G7 summit in Canada due to the escalating Israel-Iran conflict. Market indicators, including Nasdaq, the Dow Jones Industrial Average, and S&P 500 futures, all fell by approximately 0.5%, signaling investor concerns over geopolitical instability. Meanwhile, oil

Golden State Review Contributor·June 18, 2025

As the Trump administration escalates immigration enforcement efforts, a growing number of U.S. companies are warning the Securities and Exchange Commission (SEC) about the potential economic fallout from mass deportations. In recent filings, over 40 businesses across various sectors have expressed concerns that large-scale removals of undocumented workers could lead to significant labor shortages, supply

Golden State Review Contributor·June 17, 2025

Amazon and Walmart, the two titans of American retail, are reportedly exploring the integration of stablecoins into their payment systems—a potential watershed moment for the cryptocurrency and retail industries. While neither company has publicly confirmed the move, insiders suggest both are actively researching how stablecoins could reduce transaction costs and accelerate payment settlements, a development

Golden State Review Contributor·June 15, 2025

On June 13, 2025, the Dow Jones Industrial Average experienced its most significant single-day decline in over a year, dropping 769.83 points, or 1.8%, to close at 42,197.79. This sharp downturn coincided with a 7% surge in Brent crude oil prices, which reached $74.23 per barrel, as escalating tensions between Israel and Iran rattled global

Golden State Review Contributor·June 15, 2025

On June 12, the PGA Tour made a significant announcement, appointing Brian Rolapp, a seasoned NFL executive, as the inaugural CEO of its new commercial division, PGA Tour Enterprises. Rolapp’s appointment comes on the heels of the PGA Tour’s 2023 framework agreement with the Saudi Public Investment Fund (PIF), which was a key step in

Golden State Review Contributor·June 13, 2025

The U.S. Department of Labor reported on June 11, 2025, that the Consumer Price Index (CPI) increased by 2.4% year-over-year in May, slightly up from April’s 2.3% and aligning with economists’ expectations. On a monthly basis, the CPI rose by 0.1%, below the anticipated 0.2%. Core inflation, which excludes volatile food and energy prices, also

Golden State Review Contributor·June 12, 2025

On June 10, U.S. stock futures remained relatively flat as investors awaited developments in U.S.-China trade negotiations. The Dow Jones Industrial Average and S&P 500 futures showed minimal movement, while the Nasdaq Composite experienced a slight dip, reflecting cautious optimism in the markets. Concurrently, Bitcoin surpassed the $109,000 mark, signaling robust momentum in the cryptocurrency

Golden State Review Contributor·June 11, 2025

U.S. stock markets posted strong gains in early June, marking a significant rebound after months of economic uncertainty and market volatility. The rally, which comes on the heels of easing concerns about international tariffs, has reignited investor confidence across sectors, with technology and manufacturing stocks leading the upward trend. The Dow Jones Industrial Average, S&P

Golden State Review Contributor·June 10, 2025

In June 2025, over 150 American companies, including industry giants such as Morgan Stanley, Walmart, and Pfizer, have announced significant layoffs, reflecting ongoing economic challenges and corporate restructuring efforts. These job cuts span various sectors, including finance, retail, pharmaceuticals, and technology, underscoring the widespread impact of inflationary pressures, shifting consumer behaviors, and global market volatility.

Golden State Review Contributor·June 8, 2025