Global markets saw sharp swings Monday after Donald Trump announced a temporary pause on potential military strikes tied to the ongoing tensions with Iran. The announcement initially sent stocks soaring, offering a brief sense of relief to investors who have been closely tracking developments tied to the conflict. However, that optimism quickly faded after Iranian…
Iran war
Fed holds rates steady as global tensions cloud economic outlook
The Federal Reserve maintained its benchmark interest rates at a range of 3.5 to 3.75 percent during its March meeting, marking the second consecutive session without a change. Policymakers signaled caution as the ongoing war in Iran injects fresh uncertainty into the U.S. economy. The central bank’s decision reflects a balancing act between rising inflation,…
Iran-linked hackers claims they hit U.S. medical giant Stryker in major cyberattack
One of America’s largest medical device companies is dealing with the aftermath of a significant cyberattack after an Iran-affiliated hacker group claimed responsibility for breaching its systems and making off with a massive amount of internal data. Stryker, a Michigan-based company with 56,000 employees operating across 61 countries, confirmed the attack disrupted its global network….