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The strikes on a gas field in Iran and an industrial complex in Qatar appeared to be some of the most significant attacks on energy sites since the U.S.-Israeli air war against Iran began.
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Dow tumbles more than 750 points to new closing low for 2026, fueled by inflation woes; Fed holds steady on rates CNBCDow slides nearly 800 points after Fed meeting amid oil inflation USA TodayStock market today: Dow, S&P 500, Nasdaq slide as Federal Reserve holds rates steady Yahoo FinanceFed Meeting Today: Stocks Fall After Powell Voices Inflation Worries — Live Updates WSJ
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Oil prices increased Wednesday despite President Donald Trump's suspension of the Jones Act, which regulates shipping. Unleaded gas costs 32 percent more than a month ago.
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U.S. Intelligence Saw No Change in Iran's Missile Capabilities Before War The New York TimesGabbard tells senators Iranian regime is degraded but still intact The Washington PostGabbard deflects when asked on Capitol Hill about intelligence she'd offered Trump before Iran war AP NewsWATCH: Gabbard, Ratcliffe and Patel testify on worldwide threat
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Trump temporarily waives century-old shipping law amid rising fuel costs Al JazeeraTrump waives U.S. shipping law for 60 days to steady oil market CNBCJones Act waived to address fuel, fertilizer shortages Honolulu Star-AdvertiserU.S. Suspends Oil Shipping Rules to Ease Gas Price Pressures The New York
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Households aren't broke, the available data indicate. They're just exhibiting a reluctance to spend.
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US bank told clients that European stocks exposed to private credit had 30 per cent ‘downside risk'
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The company is targeting a massive $2 billion quarterly revenue run rate within two years, driven by increasing demand for optical solutions for advanced AI workloads.
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Chicago-founded law firm becomes first to break $10bn barrier for annual revenues
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Federal Reserve Chair Jerome Powell is due to speak Wednesday on the economy and interest rates for the time since the start of the Iran conflict.
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Qatar reports ‘extensive damage' on site of world's largest LNG plant Ras Laffan after Iran strikes
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Federal Reserve chair Jerome Powell said on Wednesday that he will stay on as "chair pro tem" if his successor Kevin Warsh is not confirmed by mid-May when Powell's term expires.
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Fed meeting live updates: FOMC holds rates steady as oil prices soar Business InsiderFed keeps rates on hold, signals one rate cut as Iran war stokes uncertainty AxiosWhat to Watch at the Federal Reserve's March Meeting The New York TimesExpectations for the next Fed rate cut get pushed back after hot inflation report CNBC
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Here's How Much Micron Stock Is Expected to Move After Earnings InvestopediaMicron revenue almost triples, tops estimates as demand for memory soars CNBCMicron posts better-than-expected Q2 results and Q3 guidance, but stock declines Yahoo FinanceMicron: The 4-To-1 New Catalyst (NASDAQ:MU) Seeking Alpha
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Bob Iger's Next Moves Amid Disney CEO Transition DeadlineDisney embarks on new chapter as Josh D'Amaro takes over as CEO CNBCDisney Will Become "Digital Centerpiece" of Company, Including Experiences and Games The Hollywood ReporterBob Iger on Leadership, Disney, and the Courage to Imagine More The Walt Disney CompanyDisney's Bob Iger Era Is Over. How the St
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Breaking down the case for homegrown tech vs. partnerships.
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Jensen Huang made his bold prediction to Jim Cramer on CNBC's "Mad Money" at the company's annual GTC conference.
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Most officials at the U.S. central bank still expect at least one quarter-point cut to interest rates this year.
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Federal Reserve issues FOMC statement Federal Reserve Board (.gov)Here's what changed in the new Fed statement CNBCUS Fed keeps interest rates steady amid economic, geopolitical uncertainty Al JazeeraFederal Reserve holds interest rates steady as Iran war upends the economic outlook. The New York
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Oil prices jumped Wednesday despite the Trump administration announcing it will issue a temporary waiver on a law known as the Jones Act.
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See how the central bank's interest rate stance influences car loans, credit cards, mortgages, savings and student loans.
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'Bachelorette' Taylor Frankie Paul speaks out amid investigation involving ex NBC NewsRep for Taylor Frankie Paul's ex Dakota speaks out amid domestic violence investigation (Exclusive) Entertainment WeeklyDakota Mortensen Breaks Silence on Domestic Assault Investigation with Ex Taylor Frankie Paul People.com‘The Secret Lives of Mormon Wives' filming on pause amid Taylor Frankie Paul investigation, sources say NBC News
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Fed Meeting: Hot PPI Adds To Iran War Inflation Risk; S&P 500 Slips (Live Coverage) Investor's Business DailyWholesale prices rose 0.7% in February, much more than expected and up 3.4% annually CNBCSurge in wholesale prices is a warning AxiosPrices Paid to US Producers Increase by More Than Forecast Bloomberg.com
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KKR has agreed to invest up to $310m in a strategic partnership with Indian electric commercial vehicles specialist PMI Electro Mobility Solutions.
The post Deal Roundup: KKR buys into Indian e-bus fleet in $310m deal, Warburg Pincus backs TheGuarantors appeared first on AltAssets Private Equity News.
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Cesar Chavez abused girls, raped fellow labor icon Dolores Huerta, newspaper investigation finds Los Angeles TimesCesar Chavez, a Civil Rights Icon, Is Accused of Abusing Girls for Years The New York TimesLawmakers and community leaders react to ‘indefensible' César Chávez sexual abuse allegations The GuardianAnother César Chávez march in Texas canceled, Dolores Huerta dropped out San Antonio Express-News
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President Donald Trump on Wednesday took the much-anticipated step of waiving a 1920 law known as the Jones Act in an effort to combat soaring prices for crude oil and other key commodities.
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Macy's posted solid fourth-quarter results as it tries to revamp some stores and close others.
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World Baseball Classic: Venezuela takes down Team USA in championship game stunner Yahoo SportsVenezuela defeats Team USA to win World Baseball Classic ESPNUSA overcome with emotion after WBC defeat: 'Loved it. But I'm still pissed.' USA TodayVenezuela's tears of joy: Why the team that cared the most won the World Baseball Classic CNN
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Futures markets took any realistic chance of a cut off the table until at least December.
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The cost of wholesale goods and services surged in February for the third month in a row, underscoring the challenge faced by the Federal Reserve in vanquishing inflation even before the recent spike in oil prices.
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Blending synthetic audiences, behavioral data, personalization, and business fluency with Michael Lacorazza.
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?Asset management chief points to continent's financing needs and more stringent regulation to protect from mis-selling
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CK Hutchison has been selling assets across its portfolio but is unlikely to return capital to shareholders
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Brussels plans to neutralise short-term impact of Fundamental Review of the Trading Book over competitiveness concerns
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Delta soothes investor fears over the effect of rising oil prices by raising revenue guidance, and the stock surges.
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Stablecoin startups have been a hot commodity since the reelection of President Donald Trump in late 2024 ushered in a new era of crypto-friendly regulation.
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Pan European growth buyout investor Keensight Capital has brought in former KKR client solutions exec Sarah Herly as a Europe-focused investor relations director.
The post Keensight Capital continues investor relations team push by hiring KKR's Sarah Herly appeared first on AltAssets Private Equity News.
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Airline executives said the war in Iran had raised fuel costs and, as a result, fares, but that had not yet hurt demand for tickets from individuals and businesses.
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Luxembourg-based opportunistic credit investor Silvercourt Capital Partners has beaten its target for its sophomore fundraise to reach a €135m final close.
The post Silvercourt ready to capitalise on ‘expanding market disclocations' with oversubscribed €135m Fund II appeared first on AltAssets Private Equity News.
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Warsh faces a potential buzzsaw in the form of a Hobson's choice between fighting inflation and supporting the labor market.
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Stocks stabilized Wednesday after Tuesday's hotter-than-expected inflation data sparked Wall Street's worst selloff in over two years.
Inflation remained in focus today with the early morning release of the producer price index (PPI) for August. Similar to yesterday's consumer price index (CPI), the PPI - which measures what suppliers are charging for goods and services - rose at a slower annual clip in August than it did in July. However, on a month-over-month basis, both PPI and core PPI, which excludes energy and food prices, were up from July's figures.
SEE MORE 12 REITs Flaunting Fast-Growing Dividends
"There is a divergence in headline and core inflation building, where headline is cooling and core is heating up," says Jamie Cox, managing partner at Harris Financial Group. "That's an odd phenomenon and likely influenced by the shift from goods to services post-pandemic. The Fed should proceed with caution and not hit the emergency brake on rate hikes."
While yesterday's selling was broad-based, today's action was more mixed. In terms of sector performance, real estate (-1.2%) and materials (-1.2%) were the biggest laggards, while energy ( 2.8%) outperformed as U.S. crude futures rose 1.3% to settle at $88.48 per barrel.
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As for the major indexes, the Nasdaq Composite ended up 0.7% at 11,719, while the S&P 500 Index ( 0.3% at 3,946) and the Dow Jones Industrial Average ( 0.1% at 31,135) also finished with mode
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