President Donald Trump said Iran has agreed to suspend its nuclear program indefinitely, fueling optimism that a deal to end their war is in reach after Tehran announced the Strait of Hormuz was open again. In a Friday phone interview, Trump asserted that any moratorium on Iran’s nuclear activities would not expire, saying it would […]
Oil prices plunged on Friday after Iran’s foreign minister said the Strait of Hormuz was fully open to commercial traffic for the remainder of the 10-day ceasefire between Israel and Lebanon and President Trump said Iran had agreed to indefinitely suspend its nuclear program. Futures on Brent crude (BZ=F), the international pricing benchmark, fell as […]
For most of its three-year bull run, the S&P 500 Index (^GSPC) has moved in lockstep with the shares of technology giants. But the relationship is suddenly breaking down — and that could be good news for languishing tech stocks. The correlation between an index tracking the so-called Magnificent Seven and the equal-weighted version of […]
President Trump’s drawn-out campaign to oust Jerome Powell may end up prolonging the Fed chair’s tenure at the central bank. Powell said this past week he intends to continue serving as the Fed’s chair pro tem in the event that Kevin Warsh, Trump’s nominee to be the next chair, is not confirmed by the Senate […]
The Federal Reserve held interest rates steady for the second consecutive policy meeting this year, amid a surge in oil prices and increased economic uncertainty, as officials projected one rate cut for the year. The central bank voted in a split decision on Wednesday to hold its benchmark interest rate in the range of 3.5% […]
Gold recovered some ground after sliding nearly 4% on Wednesday, with dip-buyers helping the metal to withstand spiking oil prices and inflationary risks from the war in the Middle East. Bullion rose as much as 1%, reversing some losses sustained over six straight days of decline — the longest losing streak since late 2024. The […]
Netflix’s (NFLX) $72 billion agreement to acquire Warner Bros.’ (WBD) studio and streaming assets has set off a high-stakes debate about whether regulators will allow the world’s largest streamer to get even bigger. The deal, which folds Warner Bros.’ film and TV studios, HBO, and HBO Max into Netflix’s global machine, immediately resets the competitive […]
Two of the hottest stocks of 2025 aren’t what you think. They have nothing to do with Meta (META), Nvidia (NVDA), Google (GOOGL, GOOG), Amazon (AMZN), Netflix (NFLX), Apple (AAPL), Microsoft (MSFT), or Tesla (TSLA). They also have nothing to do with bitcoin (BTC-USD), AI, or humanoid robots. But they have everything to do with […]
Public worries over the world of private debt have forced major lender Blue Owl Capital (OWL) to scrap plans to give a clear way out to shareholders in one of its private funds. The situation draws more scrutiny to the opaque world of private debt, which has boomed in recent years — and is now […]
A stronger-than-expected jobs report for the month of September has some increasing the odds that the Federal Reserve won’t cut interest rates next month. But Kevin Hassett, director of the president’s National Economic Council, said that would be a “very bad time” for the central bank to pause cutting because the government shutdown dented economic […]
Oil giant Saudi Aramco says it earned $161 billion last year, claiming the highest-ever recorded annual profit by a publicly listed company and drawing immediate criticism from activists
Ford Motor Co. says it will cut around 1,100 jobs at its plant in the Spanish city of Valencia
