Iran says new Hormuz route ‘unacceptable,’ warns on transit

Oil tankers and cargo vessels remain anchored off Port Sultan Qaboos on June 21, 2026 in Muscat, Oman. Elke Scholiers | Getty Images Iran’s Islamic Revolutionary Guard Corps warned shipowners on Wednesday that any new transit route through the Strait of Hormuz established without coordination with Tehran is “unacceptable and dangerous,” threatening actions against vessels…

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Identity theft victims face ‘unconscionable’ IRS delays, report says

People walk past the U.S. Internal Revenue Service (IRS) building in Washington, D.C., U.S., Nov. 14, 2025. Elizabeth Frantz | Reuters Victims of identity theft face “unconscionable” delays at the Internal Revenue Service, a dynamic causing headaches and financial hardship for many Americans that comes amid steep staffing cuts at the federal agency, according to…

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U.S. banks can withstand $708B in losses

Federal Reserve Board Governor Michelle Bowman, U.S. President Donald Trump’s nominee to be Federal Reserve vice chair for supervision, testifies before a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing on Capitol Hill in Washington, D.C., U.S., April 10, 2025.  Kevin Mohatt | Reuters The biggest U.S. banks would be able to absorb more…

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FedEx (FDX) Q4 2026 earnings

A FedEx delivery van on May 27,2026 in London, England. Peter Dazeley | Getty Images FedEx on Tuesday reported earnings that beat Wall Street expectations on the top and bottom lines. The earnings report marked the last quarter that includes the company’s freight business, which spun off into a separate publicly traded company called FedEx…

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