Ed Kalecki

President Trump ramped up pressure on Iran as Vice President Vance traveled to Pakistan for talks to end the war.

With Israeli airstrikes in Lebanon and the Strait of Hormuz as effective closure looming over diplomatic efforts, Trump posted on social media Friday that Tehran's only leverage is short-term extortion of the world.

by using international waterways, a reference to Hormuz, a critical shipping lane for oil and natural gas that remains largely shut, raising global energy prices.

Trump declared that the Iranians don't seem to realize they have no cards.

The semi-official Tasnim News Agency reported an Iranian delegation

Led by Parliament Speaker Mohammad Bashir, Ghalibov has arrived in Islamabad.

He told a Tasnim reporter that talks would only proceed if the opposing side accepts Iran's preconditions for negotiations.

Wall Street banks are starting to test Anthropic's mythos model.

Bloomberg's Dan Schwartzman has more.

After swinging around the moon on a journey through space, a NASA crew of four astronauts is slated to return to Earth and splash down on the Pacific Ocean Friday evening.

capping the historic lunar return by the U.S.

The Lockheed Martin-built Orion crew capsule carrying the Artemis crew is set to take a fiery plunge through the planet's atmosphere before touching down under parachutes off the coast of California just about 5 p.m.

local time.

U.S.

inflation surged in March by the most in nearly four years as the war with Iran sent gasoline prices skyrocketing.

The consumer price index rose 0.9 percent from February, according to data out Friday.

From a year ago, it was up 3.3 percent, the strongest pace since 2024.

A record increase in gas prices was responsible for nearly three-quarters of the monthly advance.

Another measure that excludes food and energy costs increased at a slower-than-expected 0.2 percent base.

Jared Bernstein, former chair of the Council of Economic Advisers in the Biden administration, joined Kelly Lyons on Balance of Power and talked about how long the economic ripple effects could last after the war.