adminStellantis sues UAW in US federal court over strike threats
DETROIT (Reuters) – Automaker Stellantis has filed a lawsuit against the United Auto Workers in federal court in California, claiming the union's actions around possible strikes illegal. The carmaker will…
Biden Discourages Israel From Attacking Iran’s Oil Fields
(Bloomberg) — President Joe Biden sought to discourage Israel from attacking Iran’s oil fields, even as he said the country has the right to respond after Tehran’s ballistic-missile barrage earlier…
Mideast’s Rising War Risk Puts Spotlight on Iran’s Quiet Oil Comeback
(Bloomberg) — Iran’s oil production has defied years of US sanctions to return to almost full capacity — a tide of supply that looks increasingly vulnerable as tensions with Israel…
September jobs report crushes expectations as US economy adds 254,000 jobs, unemployment rate falls to 4.1%
The US labor market added far more jobs than projected in September while the unemployment rate unexpectedly ticked lower, reflecting a far stronger picture of the jobs market than Wall…
Morning Bid: Middle East tensions drive oil prices
A look at the day ahead in European and global markets from Rae Wee Oil prices are headed for their largest weekly rise in over a year on Friday, spurred…
Oil Set for Biggest Weekly Gain Since Early 2023 on Mideast Risk
(Bloomberg) — Oil steadied — following its biggest one-day jump in almost a year — as fears that Israel may decide to strike Iranian crude facilities in retaliation for a…
Oil Soars on Middle East Tensions Ahead of US Jobs: Markets Wrap
(Bloomberg) — Oil rose as tensions in the Middle East unnerved investors before US jobs data due later Friday that will help identify the path ahead for interest rates. Most…
Oil edges up on Middle East conflict but supply outlook limits gains
(Reuters) – Oil prices inched up in early Asian trading hours on Friday, holding on to their strong weekly gains, as investors weighed the Middle East conflict and the potential…
Nvidia stock rises as CEO Jensen Huang touts ‘insane’ chip demand
Nvidia (NVDA) stock jumped as much as 5% on Thursday as CEO Jensen Huang said demand for its next-generation Blackwell chips has been "insane." In an interview with CNBC on…
Fed’s Goolsbee says dockworkers’ strike could lead to higher prices
(Reuters) – Chicago Federal Reserve President Austan Goolsbee on Thursday said retailers and manufacturers had stockpiled about two weeks worth of items in anticipation of the U.S. dockworkers' strike, but…
