A Dramatic Market Reversal In a stunning afternoon reversal, Wall Street erased earlier losses and surged to new heights on Thursday as reports emerged that a final US-Iran agreement could be announced within hours. The news that US-Iran deal talks drive markets higher sent the Dow Jones Industrial Average to a record closing high of 50,285.66, its…
Iran fired a missile at a street in central Tel Aviv on Tuesday, targeting Israel and Gulf Arab states, hours after President Trump said the US was in talks with Tehran to end the war. Iran rejected the claim of ongoing talks because “fake news is used to manipulate the financial and oil markets,” and…
Iran’s targeting of Middle East energy has pushed oil prices above the $100 per barrel level. with market experts expressing concern over the potential for long-term damage to the industry. Brent crude prices rose to $101 overnight after it emerged that major infrastructure on both land and sea in the Gulf countries had been damaged…
The conflict in Iran is hurting millions of people – bills are rising and energy markets are in decline. But a distorting effect of war is that some industries do well: that’s how our global financial system works, as certain sectors, like energy, can thrive amidst turmoil while others suffer. In this case, a group…
US stock markets fell on Thursday, as benchmark indices fell on weakness in technology stocks led by Alphabet, while bitcoin and precious metals also posted sharp declines, according to the AP. The S&P 500 experienced a 0.8% decline, marking its sixth consecutive loss since reaching its all-time high. As of 9:35 a.m. Eastern Time, the…
