Business Update

An energy shock stemming from the fighting has added a layer of complexity to the Federal Reserve’s decision-making around interest rates. Source link

Vessels are wary of passing the coast of Iran in the strait, given the fragile agreement, and the number of ships traveling through it has even dropped. Source link

Amazon will cut the volume of packages it ships through the Postal Service by 20 percent under a tentative new deal that will preserve a crucial source of income for the agency. Source link

The energy industry refers to the behavior of gasoline prices as “up like a rocket, down like a feather.” Source link

ArcelorMittal, a European steel maker, is donating tens of millions of dollars of foreign steel for President Trump’s new ballroom. Source link

Analysts said oil and natural gas energy companies would not quickly restore production unless attacks stopped and ships started moving through the Strait of Hormuz. Source link

“Dr. Adam Back has consistently stated that he is not Satoshi Nakamoto,” his company said in a statement. “What is not speculative is Adam’s foundational contribution to Bitcoin.” Source link

The conflict in the Middle East has left the Federal Reserve braced for higher inflation, upending expectations about if officials will restart interest rate cuts. Source link

Mr. Shell, the former C.E.O. of NBCUniversal, is leaving after becoming entangled in a legal battle with a professional gambler, R.J. Cipriani. Source link

Other sticking points for journalists at the investigative nonprofit included demands for wage increases and layoff protections. Source link