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S&P 500 and Nasdaq end higher on cool inflation data, solid bank earnings
The s&p 500 and nasdaq advanced after cooler inflation data and solid earnings from major U.S. banks boosted market confidence amid geopolitical tensions.
Oil prices rise 2% to one-month high as US-Iran attacks deepen supply disruption
Oil prices climbed 2% after the U.S. reinstated a naval blockade on Iran, disrupting flows through the Strait of Hormuz and raising supply concerns.
Trump cuts to clean energy linked to $83B in delayed or canceled projects
Trump administration policies led to $83 billion in delayed or canceled clean energy projects, impacting over 111,000 jobs according to BlueGreen Alliance.
Fed chief Warsh vows to ‘do my job’ if challenged by Trump
Federal Reserve Chairman Kevin Warsh pledges to maintain Fed independence and focus on inflation control despite pressure from President Donald Trump.
IBM warns AI boom is squeezing software budgets; shares sink in sector rout
IBM warns that ai infrastructure spending is cutting into software budgets, forecasting weaker revenue growth and causing shares to fall sharply.
Wall Street ends lower as Iran tensions dampen risk appetite; chipmakers drop
Wall Street declines led by tech shares as renewed U.S.-Iran tensions push oil prices higher and dampen investor risk appetite.
Fed’s Waller says rate hike may be needed if core inflation stays hot
Federal Reserve Governor Christopher Waller warns of a possible near-term rate hike if core inflation remains above the 2% target amid rising price pressures.
Oil up 9% to one-month high as US says it will blockade entire Iranian coastline, all vessels
HOUSTON, July 13 (Reuters) – Oil prices settled up more than 9% on Monday at a one-month high after news that a United States’ naval blockade due to begin on Tuesday will cover Iran’s entire coastline, ports and oil terminals, as well as all vessels regardless of flag, reigniting concerns over energy shipments through the […]
White House to rally utilities, data centers for AI power cost pledge, sources say
WASHINGTON, July 13 (Reuters) – The White House plans to bring together utility companies and data center developers to make a voluntary pledge designed to ensure that rapid growth in electricity demand from artificial intelligence does not drive up power bills for households and businesses, according to three people familiar with the plans. An event […]
California, 11 states suing to block Paramount’s $110B Warner Bros deal
NEW YORK/LOS ANGELES, July 13 (Reuters) – California and 11 states are suing to block Paramount‘s $110 billion acquisition of Warner Bros. Discovery, alleging the deal would lessen competition in film distribution and cable television, harming theaters and TV distributors. The lawsuit is a serious threat to Paramount CEO David Ellison‘s bid to transform his […]
