U.S. citizens lost staggering $2.1 billion to social media scams in 2025, new data from the Federal Trade Commission (FTC) shows. In an update, FTC noted that nearly 30% of people who reported losing money to a scam said it started on social media, with reported losses reaching a staggering $2.1 billion.

The dollar index slipped below 98.5 on Monday after briefly rising to 99.3 earlier in the session as demand slowed sharply. The markets reacted to reports that Iran had submitted a new proposal to the US aimed at reopening the Strait of Hormuz and easing tensions.