Morning Business Report: Israel launches strikes in Iran as Mideast tensions flare, markets react globally
(LILAMAX)- Israel has launched a wave of airstrikes inside Iran, escalating tensions between the two countries into a full-scale war. President Donald Trump was informed of the planned strikes in advance, but the U.S. did not participate in the military operation. The attacks triggered immediate reactions in global markets — oil prices surged amid fears of supply disruptions, and U.S. stock futures fell Thursday night as investors braced for further instability in the Middle East.
Meanwhile, the Senate unveiled its proposal to overhaul education as part of President Trump’s major spending package. The plan builds on House proposals to simplify income-driven repayment plans and introduces new borrowing caps for graduate students and parents. Supporters say the measure aims to modernize the higher education system, improve student outcomes, and better prepare Americans for a competitive global economy.
Despite mounting geopolitical risks, U.S. stocks closed mostly higher, boosted by signs of continued economic resilience. However, Boeing shares fell nearly 5% after an Air India Dreamliner 787 crashed shortly after takeoff with 242 people on board.
Car buyers may want to act quickly as prices are expected to rise in the coming months due to new tariffs. For now, sticker prices remain steady, thanks in part to dealer lots still stocked with pre-tariff vehicles. Cox Automotive reports the average transaction price for a new car in May was $48,799, holding steady from April.
Krispy Kreme is offering some sweet savings. From June 7 through June 20, rewards members can get a dozen Original Glazed doughnuts for $9.99 each day. On Friday the 13th, customers can add a second dozen for just 13 cents with the purchase of a regular dozen.
