Oil prices dropped by more than 3% early Friday but remained on track for a weekly jump of roughly 10% as the US-Iran war continued to escalate. Global benchmark Brent crude futures fell 3.6% to 97.10 dollars a barrel, still heading toward a weekly …
US business activity growth accelerated to an eight-month high at the start of the third quarter, according to provisional PMI survey data, with the flash Composite Output Index rising from 51.9 in June to 53.6 in July, marking the fastest expansion since last November. …
Oil futures retreated Friday even as prices remained on course for substantial weekly gains, reflecting persistent concern about disrupted energy flows through the Red Sea and fears of further escalation in the US-Israeli conflict with Iran. Brent crude fell 3.05 dollars, or 3 percent, …
President Trump indicated he will soon decide whether to launch what he described as a massive attack on Iran, telling Axios the proposed strikes would exceed anything seen in the conflict to date and that Iran has not yet received enough pain. He said …
The Bank of Russia lowered its policy rate by 25 basis points to 14.0 percent in its July 2026 decision, extending a cutting cycle that has been underway since the rate stood at a record high of 21 percent as recently as June of …
Japan's core inflation, which strips out fresh food prices, rose to 1.6% in June, marking the first increase since March as the impact of higher oil prices spread further into the broader economy. The reading matched the 1.6% growth economists polled by Reuters had …
Applied Aerospace & Defense (NYSE:AADX) designs and manufactures integrated aerospace and defense subsystems across three areas: space and launch systems (such as propellant tanks, solar arrays and satellite assemblies), defense aviation (wings, landing gear and fuel tanks), and C5ISR and precision-strike systems (radar antennas, …
Pakistan's attempt to garner financial assistance from the United States, especially after its recent role in the Iran conflict, has raised skepticism among economists regarding its potential success. The call for aid comes amid a challenging economic backdrop for Pakistan, which has been grappling …
Oil prices soared past the key $100 mark before retracting, significantly impacting the U.S. stock market. This surge can be attributed to expanding military attacks in the Middle East, specifically the heightened risk following assaults on tankers by Iran-backed Houthis in the Red Sea. …
U.S. Senator Marco Rubio has met with China’s Foreign Minister Wang Yi to discuss the implications of the ongoing conflict in Iran. This meeting is pivotal for reassuring Asian allies, emphasizing U.S. support as tensions escalate and potentially impacting regional markets and geopolitical stability.Key …