Oil prices rose nearly $3 a barrel on Wednesday after President Donald Trump said the U.S. is going to attack Iran “very hard” if no peace deal is finalized and as market data showed a larger-than-expected drawdown in U.S. crude inventories.
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The S&P 500 is struggling to stay above a critical technical level after last week’s sharp selloff resumed on Tuesday. Traders will be watching closely to see whether it closes above or below that level on Friday, which may determine whether the U.S. benchmark index makes a fresh run toward record highs or deepens its retreat.
Wall Street’s major indexes extended declines on Wednesday, as technology stocks remained under pressure and renewed tensions between the United States and Iran overshadowed a tame inflation reading.
The World Cup will kick off under familiar North American summer threats: extreme heat, suffocating humidity and thunderstorms capable of delaying matches with little warning.
Track the reach and scale of the worldwide rally
The opinions expressed in this column are those of the author, a correspondent for Reuters.
SpaceX’s much-anticipated $75 billion initial public offering, set to be the largest ever, will likely keep cryptocurrency prices in the doldrums as retail investors attracted to new and risky artificial intelligence stocks scramble to get a slice of the action.
Yohei Kono, who as Japan’s chief cabinet secretary issued a landmark 1993 apology over women forced to work in wartime military brothels, has died. He was 89.
After her mother died in late May, baby Buswaza was brought to a church-run orphanage in eastern Congo where the nuns quickly discovered the newborn was running a fever. Within days, she died from what they later found out was Ebola.
SpaceX has drawn more than $250 billion of investor demand.