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News
Oil prices leap to their highest since May and drag Wall Street lower
2+ day, 11+ hour ago (814+ words) Oil prices keep climbing as the war with Iran continues to clog the global flow of crude, and they leaped Thursday to their highest levels since before the summer. That worsened inflation worries and cranked up pressure in the bond…...
China’s EV export surge eclipses 2025 record as domestic sales crash
2+ day, 16+ hour ago (313+ words) China’s passenger car exports in the first eight months of this year already surpassed last year’s total, an industry association said Thursday, though domestic sales continued to decline. Passenger car exports in August jumped 67.1% from the year before to around…...
Stocks fall on Wall Street as oil prices jump back above $100 a barrel after Iran war escalates
3+ day, 11+ hour ago (753+ words) Stocks on Wall Street lost ground again Wednesday as the price of crude oil climbed back above $100 a barrel amid further escalation in the U.S. war with Iran. The Standard & Poor’s 500 index fell 0.5%. The Dow Jones industrial average dropped 0.8%, and the…...
DOJ seeks more information on $22 billion Roku deal after Trump blasts ouster of Fox News host
3+ day, 11+ hour ago (637+ words) Fox Corp.’s $22 billion acquisition of San Jose-based Roku, operator of streaming services and seller of hardware devices, seemed like a straight-forward deal when it was announced in June: A growing media company was looking to bolster its presence in…...
Oil prices keep rising and weigh on Wall Street
4+ day, 12+ hour ago (560+ words) Stocks fell Tuesday in their return to trading from a three-day weekend after the latest fighting in the war with Iran pushed oil prices higher. The Standard & Poor’s 500 sank 0.6%. The Dow Jones industrial average dropped 628 points, or 1.2%, and the Nasdaq…...
Letters to the Editor: The U.S.'s ‘persistent lack of fiscal discipline’ has led to our current bond market
5+ day, 19+ hour ago (195+ words) Los Angeles Times To the editor: The alarms sounding from the bond market are warranted given the U.S. government’s persistent lack of fiscal discipline (“Why bond yields are rising and why everyone should care,” Sept. 2). Our leaders could make needed change…...
Stocks fall after a surprisingly strong jobs report raises prospects of an interest rate hike
1+ week, 1+ day ago (933+ words) NEW YORK — U.S. stocks fell and Treasury yields rose Friday after the government reported that employers unexpectedly added 162,000 jobs last month, a development that could increase chances that the U.S. central bank will raise interest rates this month. The Standard…...
Oil prices rise and stocks fall after U.S. hits Iranian targets in the Strait of Hormuz
1+ week, 5+ day ago (911+ words) Wall Street closed out August on a downbeat note Monday as stocks fell and the price of oil rose after the U.S. launched its first military action in a month against Iran. The Standard & Poor’s 500 index fell 0.3%. The Dow Jones industrial…...
Bessent huddles with G20 to try to rally allies on Iran as tariffs strain ties
1+ week, 5+ day ago (665+ words) ASHEVILLE, N.C. — Treasury Secretary Scott Bessent is meeting with finance ministers of the world’s largest economies this week at a time when the United States has disrupted the international order with aggressive tariffs on major allies and an unpopular war on…...
What we know about Trump's deal giving U.S. access to vast oil reserves in Venezuela
2+ week, 16+ hour ago (969+ words) WASHINGTON — Besides a social media post from President Trump, the White House has said little about what he is calling “THE BIGGEST OIL DEAL IN WORLD HISTORY” in Venezuela. Trump said the agreement announced Friday night would give the United…...