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News
Stocks rise ahead of Fed chair's policy speech
10+ hour, 50+ min ago (491+ words) Stocks mostly rose Friday as investors awaited a key speech by US Federal Reserve Chair Kevin Warsh for clues about the outlook for interest rates amid elevated inflation. With the euphoria following US chip titan Nvidia's blistering earnings report petering…...
Most Asian stocks advance as attention turns to Warsh speech
10+ hour, 50+ min ago (531+ words) Asian stocks mostly rose Friday ahead of a closely watched speech by Federal Reserve boss Kevin Warsh that investors will be parsing for clues about the outlook for interest rates amid elevated inflation and no sign of an end to…...
Stocks, oil slip ahead of US threat of economic war against Iran
3+ day, 21+ hour ago (670+ words) Oil prices eased after strong gains last week while stock markets mostly faltered on Monday as investors awaited details of a US plan to impose massive economic pressure on Iran to end the Middle East war. Wednesday's earnings report from…...
UAE-Egypt ties keep growing as Cairo navigates shifting Gulf landscape
2+ week, 3+ day ago (171+ words) An Emirati investor could soon strike a $2.7 billion deal to develop another tourism project on Egypt's North Coast, the latest in a string of UAE-linked pacts that have continued advancing despite turmoil from the US-Iran war. UAE-Egypt ties keep growing…...
Oil soars above $100 as Middle East fears grow
1+ mon, 4+ day ago (726+ words) Oil prices surged past $100 a barrel on Thursday as Iran-backed Houthi rebels targeted Red Sea shipping and threats by US President Donald Trump to strike them in return sent equity markets slumping. The international benchmark Brent North Sea oil contract…...
Oil soars to $100 on fresh Mideast attacks
1+ mon, 4+ day ago (692+ words) Oil prices surged to $100 a barrel on Thursday as Tehran-backed Houthi rebels targeted Red Sea shipping and US President Donald Trump threatened to strike them in return. International benchmark oil contract Brent North Sea soared more than six percent to…...
Next Israel government must halt rise in debt burden, central bank chief says
1+ mon, 1+ week ago (353+ words) JERUSALEM, July 15 (Reuters) - Whoever wins the election in Israel later this year must rein in defence-led state spending that has grown in recent years and invest more in education, infrastructure and other growth engines, Bank of Israel Governor Amir Yaron…...
Nasdaq rebounds as cooling US inflation weighs on dollar
1+ mon, 1+ week ago (643+ words) Wall Street stocks rose following strong earnings from large US banks and an unexpectedly benign inflation report that weighed on the dollar. JPMorgan Chase led a stream of giant US lenders that reported higher profits behind strength in financial markets…...
Oil sinks on Mideast deal, but Fed outlook knocks equities
2+ mon, 1+ week ago (621+ words) Oil prices dropped further Thursday after US President Donald Trump and his Iranian counterpart signed off on a deal to end four months of war and reopen the Strait of Hormuz to tanker and cargo traffic. Optimism that operations will…...
Oil plunges, stocks jump on US-Iran peace deal
2+ mon, 1+ week ago (608+ words) Oil prices dropped towards $80 a barrel and stocks rallied on Monday after Washington and Iran reached a framework deal to end the Middle East war and reopen the Strait of Hormuz, sending a wave of relief through global markets. The…...