A diesel export ban could backfire — here’s why
A ban on U.S. diesel exports could reduce supplies and simultaneously lead to prices rising further, according to analysts.
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Trump faces Xi as strains with allies complicate U.S. pressure on China
As Trump prepares to meet Xi, strains with U.S. allies are complicating Washington’s efforts to marshal pressure against an increasingly resilient China.
Read more →Iran's president blames U.S., Israel for global instability in defiant UN speech
Pezeshkian began his address to the UN General Assembly in New York City by holding up photos of children he said were killed by U.S. and Israeli bombs.
Read more →McDonald's CEO expects high inflation, flat traffic are not going away for restaurant industry
McDonald's CEO Chris Kempczinski said that he expects that high inflation and flat traffic will continue to weigh on the restaurant industry.
Read more →IonQ shares rise after company says it made a major quantum computing breakthrough
Shares of quantum computing company IonQ surged in premarket trading following its successful test of the industry's first real time end-to-end error decoder.
Read more →Activist Toms Capital urges Devon Energy in letter to explore alternatives, including a sale
Toms, which manages just over $4 billion in assets, says in the letter it is now one of Devon's top five shareholders.
Read more →Cotton Slipping to Start Wednesday Trade
Cotton is showing 40 to 50 point gains on Wednesday morning. Futures closed out the Tuesday session with contracts down 16 to 55 points across the board. Crude oil was down 57 cents per barrel on the session, with the U…
Read more →Hogs Look to Midweek Trade Following Tuesday’s Rally
Lean hog futures were 32 cents to $1.20 higher across the board on Tuesday. Open interest was down 3,564 contracts on Tuesday. USDA’s national base hog price was $79.90 in the Tuesday PM report, down 45 cents from the d…
Read more →Nearly 10% of borrowers opted for riskier mortgages last week, as rates soared over 7%
Mortgage rates soared to the highest level since 2024 last week, causing loan demand to fall back again and more borrowers to opt for riskier loans. Total application volume decreased 1.5% from the previous week, accord…
Read more →Never Have Stocks Owed So Much to So Few
In 2007, Jeff Bezos, then a multibillionaire and now the world’s richest man, did not pay a penny in federal income taxes. He achieved the feat again in 2011. In 2018, Tesla founder Elon Musk, the second-richest person …
Read more →Indian billionaire’s payments firm plots biggest London flotation in years
A payments business that operates across Africa and is ultimately controlled by an Indian billionaire has announced its intention to float on the struggling London Stock Exchange.
Read more →Texas turning blue may hinge on Democrats harnessing data center opposition
TEXAS — Mason McCallister said it was an act of God that sent him down a gravel road near his home in Bells, Texas, one Sunday last December.
Read more →AI drone maker hits $6.4 billion valuation as Ukraine war spurs defense tech
AI drone maker Tekever on Wednesday said it had hit a $6.4 billion valuation, as Europe races to rearm amid the Ukraine war and mounting threats from Russia.
Read more →Trump-Xi summit puts AI safety talks on the table but neither side wants to slow down
Donald Trump wants the U.S. to beat China in the AI race. But as he meets Chinese President Xi Jinping, both countries are also weighing how to address the risks posed by rapidly advancing technology.
Read more →UK economic outlook brighter as new government measures will boost growth, says OECD – business live
Oil prices fall for a sixth day in their longest losing streak in over a year, as Saudi Arabia reportedly restarts its east-west pipeline and amid hopes for progress in US-Iran talks
Read more →Iran says Trump’s threats a sign of ‘strategic desperation,’ floats conditions for Hormuz reopening
Iran's military on Wednesday described U.S. President Donald Trump's threats to annihilate Tehran as "a sign of strategic desperation," warning the country stands ready to inflict strikes "more crushing" than earlier in…
Read more →Zelenskyy says Ukraine ready for ‘energy ceasefire’, calls for trilateral meeting with Putin, Trump
Ukrainian President Volodymyr Zelenskyy has called on U.S. President Donald Trump to organize a trilateral meeting with Russian President Vladimir Putin, saying the world leaders need to move "as quickly as possible" to…
Read more →Fed's Collins warns inflation could be 'notably' higher after backing rate hike
Boston Federal Reserve President Susan Collins has warned that there is "an increased likelihood" that inflation will stay "notably" above the Federal Reserve's 2% target.
Read more →Oil Slips for a 5th Day as Nasdaq Rips in FOMO Fashion
Tuesday offered enough relief on that front. But the bigger point is still in plain sight: oil remains roughly 50% higher than a year ago, and nearly half of the US inflation overshoot can be traced to elevated energy a…
Read more →Semiconductor Rally Faces Crosscurrents From FX and Credit
The S&P 500 finished the day flat, while the Nasdaq gained around 80 bps. It is hard to say that today was much different from what we have seen in recent weeks.
Read more →Spain shares higher at close of trade; IBEX 35 up 0.41%
U.S. equities traded higher on Friday, led by a 100-point gain in the Dow Jones Industrial Average. The broader market showed mixed signals as technology stocks slipped while communication services rallied.
Read more →DOJ defends Trump ban of 3 news outlets, says White House access is a 'privilege — not a right'
The U.S. Department of Justice late Tuesday evening urged a federal judge not to block President Donald Trump's total ban of three news outlets from the White House, saying, "Access to the White House is a privilege — n…
Read more →Oil falls after U.S. and Iran talk for hours at UN meeting
Oil fell Wednesday, amid optimism that supply disruptions would ease following U.S.-Iran talks, which raised hopes of a diplomatic solution to the conflict in the Middle East.
Read more →Dollar Supported by Hawkish Fed Comments
The dollar index (DXY00) today is up by +0.05%. The dollar is slightly higher today, boosted by hawkish comments from the Fed. Chicago Fed President Austan Goolsbee said that, given higher inflation, the more prudent co…
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