Social Media Scammers Drain $21 Billion From US Victims
Social media scams drained billions from victims as fraud networks exploited platform trust, fake identities and weak reporting systems.
Economy
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Mexico Central Bank Ends Vacancy With Heffner Appointment
Aldo Heffner Rodriguez accepted the role of chief economist at Banco de México on April 11, 2026, ending a prolonged vacancy central to the nation’s monetary policy apparatus.
Conflict in Iran Strains China Energy and Supply Chains
Beijing officials reviewed internal data on April 11, 2026, showing that the self-reliance strategy championed by Xi Jinping is facing its most serious challenge to date.
Yellen and Powell Caution Banks on New AI Cyberthreats
Janet Yellen convened a private briefing with leaders from the world's largest financial institutions on April 11, 2026, to address emerging vulnerabilities in the banking sector.
US Consumer Confidence Plummets to Record Low
Kay Herr of JPMorgan Chase reported on April 10, 2026, that US consumer sentiment plunged to a record low as inflationary pressures stemming from the Iran war continued to weigh on the domestic...
Iran Controls Global Oil Supply at Strait of Hormuz
Jennifer Kavanagh arrived in Muscat on April 10, 2026, to assess the fragile diplomatic efforts aimed at reopening the Strait of Hormuz.
Rockefeller Capital Chairman Warns Against Rate Cut Hopes
Ruchir Sharma, Chairman of Rockefeller Capital, warned that the Federal Reserve will likely abandon its traditional role as a market safety net.
Retail Markets Favor Longevity and Digital Curation
Margaux and Aura Frames released market performance data on April 10, 2026, indicating a meaningful surge in demand for high-end consumer staples.
Corporate Giants Raise Prices During War in Iran
April 10, 2026, saw Delta Air Lines and Amazon announce meaningful price increases; the escalating war in Iran disrupted global fuel supplies and forced a shift in corporate strategy.
Iran Conflict Forces Nations to Abandon US Fossil Fuels
Global markets on April 10, 2026, processed a series of reports showing that the conflict in Iran has effectively ended the era of cheap energy reliance.
Oil Prices and Stocks Rise Before Inflation Report
Traders on Wall Street pushed energy prices and equity indexes to higher levels on April 10, 2026, while bracing for a critical update on the consumer price index.
Investors Pull $20 Billion From Leading Private Credit Funds
Apollo Global Management, Ares Management, and Blackstone faced a combined surge of redemption requests totaling $20 billion on April 10, 2026, signaling a retreat from the once-invulnerable private...