AI stocks came roaring back this week as investors worked through another wave of corporate earnings and a surprisingly weak July jobs report . The major averages notched a second straight week of gains, with the Dow Jones Industrial Average and S & P 500 both touching record highs. The blue-chip index closed at a…
Wall Street got back to its winning ways last week after navigating a hawkish Federal Reserve meeting, volatile swings in chip stocks, and a critical round of Big Tech earnings. The Dow Jones Industrial Average rose 1% for the week, snapping a three-week losing streak. The S & P 500 gained 1% last week, while…
In the five months since the Iran war began on Feb. 28, each pause in fighting has underscored the complexities of ending it. The June 17 memorandum of understanding opened a 60-day negotiating period over the Strait of Hormuz, sanctions and Iran’s nuclear and missile programs, but frayed within weeks as Iranian attacks on shipping…
Vessels transiting through the Gulf of Oman are pictured off the coast of Muscat on July 25, 2026. – | Afp | Getty Images ExxonMobil and Chevron on Friday reported second-quarter profits that surged on rising oil prices due to the Iran war. Chevron’s net income soared to $12 billion, a nearly 400% increase compared…
Oil tankers and cargo vessels remain anchored off Port Sultan Qaboos on June 21, 2026 in Muscat, Oman. Elke Scholiers | Getty Images Oil prices extended declines Friday as signs of a recovery in crude flows through the Strait of Hormuz eased supply concerns, after a resumption of hostilities between U.S. and Iran had sent…
Satellite view of Tuapse Oil Refinery, Russia. Ukrainian drones struck fuel storage tanks at the Rosneft‑operated facility, igniting a major fire visible for kilometers. Gallo Images | Gallo Images | Getty Images The Strait of Hormuz is rattling global trade, but the waterway is just one example of a vital maritime corridor becoming a frontline,…
Zolfaghar and Qadr missiles alongside a metal model of a mini submarine are displayed at Azadi Square as the mutual attacks between Iran and the US, sparked by the parallel routes established in the Strait of Hormuz, intensify day by day in Tehran, Iran on July 24, 2026. Fatemeh Bahrami | Anadolu | Getty Images…
The U.S. Strategic Petroleum Reserve is under strain as massive stockpile releases in response to wars in the Middle East and Europe have stressed old infrastructure in need of repair. The SPR this week fell to its lowest level since March 1983 after the U.S. withdrew 352 million barrels of crude oil in four years…
US President Donald Trump makes an announcement on American Nuclear Innovation in the Oval Office of the White House in Washington, DC, on July 24, 2026. Mandel Ngan | AFP | Getty Images President Donald Trump said Monday that the U.S. has collected more than $13 billion from the sale of Venezuelan crude oil since…
My top 10 things to watch Monday, July 27 1. Futures are surging this morning , and oil prices are tumbling after the U.S. and Iran paused fighting over the weekend. Nasdaq is leading the way, up about 1.4%. WTI crude is down about 7% to under $84 a barrel, on pace for its biggest…
