World
Oil stares at a bleak future as China’s economy sputters. The good news: A market ‘bust’ is unlikely
The RN-Tuapsinsky refinery operated by Rosneft Oil Co. in Tuapse, Russia. Andrey Rudakov | Bloomberg | Getty Images SINGAPORE — As the world’s oil traders and analysts gathered at the annual Asia Pacific Petroleum Conference in Singapore last week, the slump in oil and where it was headed was foremost in everybody’s mind. China, the […]
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CFIUS grants Nippon Steel’s request to refile bid for U.S. Steel, source says
A tugboat pushes a barge near the United States Steel Corp. Clairton Coke Works facility in Clairton, Pennsylvania, US, on Monday, Sept. 9, 2024. Justin Merriman | Bloomberg | Getty Images CFIUS, the Committee on Foreign Investment in the United States, that is reviewing a bid by Japan’s Nippon Steel to buy U.S. Steel has granted a request from the Japanese company to refile its takeover […]
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Stock futures are little changed as Wall Street anticipates a long-awaited Fed rate cut: Live updates
A trader works, as a screen broadcasts a news conference by Federal Reserve Chair Jerome Powell following the Fed rate announcement on the floor of the New York Stock Exchange on June 12, 2024. Brendan Mcdermid | Reuters Stock futures were flat in overnight trading Tuesday as Wall Street anticipated a long-awaited rate cut from […]
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Trump Media shares sink more than 6% two days before merger ‘lockup’ period ends
Sopa Images | Lightrocket | Getty Images Shares of Trump Media closed down 6.6% on Tuesday, ending the day at $16.14 a share. The dip came just 48 hours before “lockup” restrictions that have so far barred the company’s majority shareholder, Donald Trump, and other insiders from selling their stakes, are set to expire. Until […]
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The Fed’s biggest interest rate call in years happens Wednesday. Here’s what to expect
Federal Reserve Chairman Jerome Powell takes a question from a reporter during a news conference following a Federal Open Market Committee meeting at the William McChesney Martin Jr. Federal Reserve Board Building on July 31, 2024 in Washington, DC. Andrew Harnik | Getty Images For all the hype that goes into them, Federal Reserve meetings […]
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Stock market setting itself up for disappointment as it hits all-time high ahead of the Fed
The stage is set for the Federal Reserve to cut interest rates Wednesday, and the stock market may just be positioning itself for a letdown. Last week, markets expected a quarter-point rate cut and were just happy that the Fed was starting the cutting cycle. Since then, stocks have ramped up to an all-time high, […]
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Snap unveils latest AR glasses despite ongoing struggles in core ad business
Evan Spiegel, CEO of Snap Inc., speaks onstage during the Snap Partner Summit 2023 at Barker Hangar on April 19, 2023 in Santa Monica, California. Joe Scarnici | Getty Images Entertainment | Getty Images Snap on Tuesday announced the fifth generation of its Spectacles augmented reality glasses that can overlay digital graphics onto the physical […]
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Sean ‘Diddy’ Combs faces racketeering and sex trafficking charges. Read the indictment
Sean “Diddy” Combs attends the REVOLT X AT&T 3-Day Summit In Los Angeles – Day 1 at Magic Box on October 25, 2019 in Los Angeles, California. Phillip Faraone | Getty Images Sean “Diddy” Combs used his fame as one of the biggest names in hip-hop to coerce women into engaging in demeaning sex acts […]
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S&P 500 jumps to record ahead of key Fed decision on interest rates: Live updates
Traders work on the floor of the New York Stock Exchange. Brendan Mcdermid | Reuters The S&P 500 hit a record high Tuesday as the market awaited the Federal Reserve’s key interest rate cut decision. The broad market index was last up 0.4% at the 5,650 level, after earlier touching a new record high of […]
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Hezbollah members among hundreds wounded after pagers explode in Lebanon and Syria, officials say
An ambulance rushes wounded people to a hospital in Beirut on September 17, 2024, after explosions hit locations in several Hezbollah strongholds around Lebanon amid ongoing cross-border tensions between Israel and Hezbollah fighters. Anwar Amro | Afp | Getty Images Hundreds of handheld pagers exploded near simultaneously across Lebanon and in parts of Syria on […]
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