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Oil prices slump after Trump comments while analysts point to supply crunch
Oil prices dropped over 2% after President Donald Trump's comments on Iran peace talks, while analysts warn of ongoing supply disruptions in the Middle East.
GameStop increases stake in eBay to more than 6%
GameStop increased its stake in eBay to about 6.6%, advancing its bid to acquire the e-commerce giant despite eBay's rejection.
Oil prices fall as Trump pauses Iran attack plans
Oil prices dropped after U.S. President Donald Trump paused planned attacks on Iran to allow for negotiations, easing Middle East conflict concerns.
Elon Musk loses lawsuit against OpenAI
Elon Musk lost his lawsuit against OpenAI in a California federal court, with the jury ruling the case was brought too late and OpenAI not liable.
Oil prices rise 3% to two-week high on Iran war supply concerns
Oil prices rose about 3% to a two-week high amid concerns over supply disruptions from the Iran war and U.S. sanctions waivers during talks.
US debt load could undercut Warsh’s plan to shrink Fed balance sheet
Federal Reserve chief Kevin Warsh's plan to reduce the Fed's balance sheet faces challenges from rising U.S. debt and higher long-term interest rates.
Markets begin eyeing a Fed rate hike around the turn of the year
Markets are pricing in a Federal Reserve interest rate hike by early 2027 due to persistent inflation, with a 60% chance by January's FOMC meeting.
Oil prices up 2% as Trump and Iran’s comments dent peace hopes
Oil prices rose about 2% after comments from U.S. President Donald Trump and Iran's foreign minister reduced hopes for peace around the Strait of Hormuz.
FCC approves Verizon’s $1B spectrum purchase
The FCC approved Verizon's $1 billion deal to acquire spectrum assets from U.S. Cellular, enhancing network coverage and capacity across the U.S.
US jury awards family of Boeing 737 MAX crash victim $49.5M
A US jury awarded $49.5 million to the family of a woman killed in the 2019 Ethiopian Airlines Boeing 737 MAX crash.
US weekly jobless claims increase moderately, labor market remains stable
Initial claims for unemployment benefits in the U.S. rose moderately to 211,000, indicating a stable labor market amid inflation concerns.
US import prices surge in April as fuels post biggest gain in four years
U.S. import prices rose 1.9% in April, driven by a 16.3% jump in fuel costs, the largest increase in four years amid Middle East tensions.
