Oil prices jump 7% and stocks drop
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Former IMF official Desmond Lachman highlights risks from Trump tariffs and tax cuts, warning of potential inflation, higher bond yields, and recession.
Shares of oil companies and defense contractors rise after Israel launched an attack on Iran’s nuclear facilities.
U.S. stocks closed lower as investors assessed little progress on trade talks, after jumping in the morning on a cooler-than-expected inflation reading. The Dow Jones Industrial Average fell 1 point to close at 42,865.77, while the S&P 500 Index lost 16.51 points to settle at 6,022.30. The Nasdaq Composite was down 99.11 points, 0.5%, to 19,615.88
ConocoPhillips (COP), Exxon Mobil (XOM): Shares in
Many tech stocks fall outside of the traditional definition of value, but this portfolio manager says investors should adapt their thinking.
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The West's energy watchdog said on Friday it was ready to release oil stocks should the market experience shortages following Israel's attack on Iran, drawing criticism from rival OPEC which said the statement would only create fear in the market.
While Tesla may be unveiling its robotaxi on the streets of Austin, these five companies are leading the robotaxi revolution and haven't suffered quite the same brand damage as Tesla.
Investors had two reactions to Israel's broad attack on Iran late Thursday: They sold stocks broadly and bought crude oil and gold. Futures trading suggests the Standard & Poor's 500 Index will open down 52 points.
Foreign investors have pulled $3.7 billion out of South African equities since October in the longest such streak of outflows in five years, a report showed, as the continent's biggest equity market struggles to attract international portfolio flows.