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US hits commercial tanker in Gulf of Oman as tensions flare
The ship tried to break through America’s naval blockade of Iranian ports, Central Command says of i...
Tanker Rates Soar to Record as Oil Crisis Becomes Shipping Crisis
The cost of shipping crude oil soared to record highs last month as the Iran war reshuffled trade ro...
Emergency Oil Releases Risk Draining the World’s Last Supply Cushion
Earlier this week, the International Energy Agency, after consulting with G7, said it would release ...
Fed's Musalem signals more tightening as inflation stays elevated
St. Louis Federal Reserve (Fed) President Alberto Musalem said on Thursday that inflation is elevated and that to bring it back to the 2% goal, “more monetary policy firming will be required.”
The AI Trade Is Alive and Well as Bond Yields Keep Rising
The spike in the 10-Year Treasury is alarming. But investors can take solace in the fact that AI spending will lead to strong earnings for chips and other tech companies.
Sector Update: Energy Stocks Rise Thursday Afternoon
Energy stocks were higher Thursday afternoon, with the NYSE Energy Sector Index rising 2.8% and the
Stock Market Today: AI Firms Routed Amid Trump Iran Comments; Starbucks Sinks On Deal News (Live Coverage)
The Dow Jones index declines Thursday after Trump's latest Iran comments. Treasury yields and oil prices surge.
Trump bans Microsoft from sponsoring foreign workers for US residency
Announcement impacting several tech groups marks latest attempt to limit immigration by the White House
Japanese Yen finds relief as Trump rules out Iran strikes before midterms
USD/JPY edges lower on Thursday as a pullback in US Treasury yields pauses the Greenback’s advance, giving the Japanese Yen (JPY) some breathing room. Traders assess fresh Middle East developments and ...
War should be bullish for Gold. Right now it's capping it
Oil is up by more than a third since the US and Israel went to war with Iran on February 28. Gold is down by about a fifth over the same stretch. The war reaches Gold through the Federal Reserve (Fed) ...
Stocks Sink After OpenAI Report Sours AI Trade
The Nasdaq Composite took a sharp dive on Thursday afternoon after a report on OpenAI's recurring revenue rattled the AI trade.
Neurogene is a new Overweight at J.P. Morgan on Rett syndrome therapy
U.S. Gasoline Prices Set October Record Even as National Average Slips
U.S. gasoline prices have fallen for a second straight week, but drivers are still paying more at the pump than they ever have in October. AAA put the national average at $4.36 per gallon Thursday, do ...
Buffett Bet $1 Million That an S&P 500 Fund Would Beat Hedge Funds. He Won by Nearly 5 Points a Year
In 2007, Warren Buffett put up $1 million to back a simple claim. He said a plain S&P 500 index fund would beat a basket of hedge funds over 10 years. Protégé Partners took the other side. The contest ...
Venti M&A: A Starbucks-Chipotle deal would smash restaurant sector records