The first signs of a post-war recovery are emerging across the Middle East after the U.S. and Iran signed a memorandum aimed at ending the conflict. Oil tankers are once again transiting the Strait of Hormuz, and daily routines are returning to the streets of Tehran. Here are some images related to the deal: Strait…
SpaceX shares dropped 3.57% on Thursday, as the stock’s recent rally cooled following a record-breaking IPO last week. Elon Musk‘s space and artificial intelligence firm became one of the world’s most valuable companies after listing, and on Tuesday, its market cap surpassed Amazon and — briefly — Microsoft. With Thursday’s loss, SpaceX closed at a…
Three supertankers from Saudi Arabia loaded with 6 million barrels of oil have crossed the Strait of Hormuz, according to data from the global trade intelligence firm Kpler. The Saudi tankers switched their transponders on Thursday in the Gulf of Oman after hiding their location for more than two months. The crossings come after President…
Kalshi traders see growing odds that the Federal Reserve will hike rates this year after central bank policymakers indicated that higher rates could be in the cards. Chances of a Fed hike in 2026 surged to 57% on Wednesday night, up from 35% on Monday, according to the prediction markets platform. Kalshi traders also see…
Federal Reserve Chairman Kevin Warsh’s tough talk on inflation Wednesday reverberated through financial markets, with traders expecting that the central bank could start jacking up interest rates in just a few months. Tapped to serve by President Donald Trump, who has repeatedly demanded lower rates, Warsh during a news conference instead focused on the battle…
OPEC Secretary-General Haitham al-Ghais speaks during a panel at the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC) in Abu Dhabi on November 4, 2024. (Photo by FADEL SENNA / AFP) (Photo by FADEL SENNA/AFP via Getty Images) Fadel Senna | Afp | Getty Images OPEC Secretary General Haitham al-Ghais on Thursday dismissed the International…
Vessels at the Strait of Hormuz, as seen from Musandam, Oman, June 15, 2026. Stringer | Reuters It will take weeks to clear the backlog of ships in the Strait of Hormuz, industry executives and shipping experts have warned, as the critical waterway is set to reopen. Oil prices initially dipped below $80 per barrel…
Terry Duffy, CEO of CME Group Inc., speaks during the Piper Sandler Global Exchange and FinTech Conference in New York City, U.S., June 5, 2025. Adam Gray | Reuters Outgoing CME Group CEO Terrence Duffy said on CNBC’s “Fast Money” on Wednesday afternoon that the exchange operator will sue the Commodity Futures Trading Commission over…
WASHINGTON – Kevin Warsh‘s first meeting as Federal Reserve chairman concluded Wednesday with no change in interest rates and a nod to possible hikes ahead. The meeting also saw the removal of key language indicating a bias toward future cuts within a dramatically shorter policy statement. The Federal Open Market Committee voted unanimously to keep…
New U.S. Federal Reserve Chairman Kevin Warsh holds a press conference following a two-day meeting of the Federal Open Market Committee (FOMC), at the U.S. Federal Reserve in Washington, D.C., U.S. June 17, 2026. Eric Lee | Reuters Wednesday’s Federal Open Market Committee statement looked drastically different than those issued after previous meetings, offering one…
