Brent oil falls below $75, notching its lowest level since before U.S.-Iran war
U.S. President Donald Trump intensified pressure on oil companies to lower gasoline prices following the recent decline in crude.
Trump claims Iran has assured U.S. there won't be tolls on the Strait of Hormuz
There will be no tolls, insurance costs, or charges of any kind for ships looking to pass through the Strait of Hormuz, Trump said.
South Korea’s biggest chipmaker SK Hynix plans to raise $29 billion via Nasdaq listing
The company plans to issue 17.79 million new shares at a value of 45.45 trillion won ($29.65 billion).
Tech companies would have to pay AI data center energy costs under bill moving in Congress
A House subcommittee may advance legislation Wednesday to make tech companies pay the energy costs for operating data centers to power AI.
France suffers major power outage as Europe sizzles in record-breaking heat
A heat-related power outage left around 68,000 homes without electricity in western France as record-breaking heat sweeps Europe.
Defense stocks plummet on report Germany is scrapping warships; Rheinmetall stock down 17%
Berlin is planning to scrap a multi-billion-euro project to build the F126 frigates, according to reports.
House passes affordable housing bill, sends it to Trump's desk
The House on Tuesday gave final passage to a bill aimed at lowering costs for homebuyers and reining in private equity.
Three New York Democrats backed by Mamdani win House seat primaries; 2 incumbents lose
Two candidates backed by the Democratic Socialist of America won their primaries, a year after the DSA-backed Zohran Mamdani won New York mayor's race.
Ukraine is raising the cost of war for Russia — and testing Putin's resolve
A string of political victories and deep-strike successes has bolstered confidence in Ukraine amid its long-running war with Russia.
'No cracks in the armor': Tech stocks rebound after global AI selloff batters chip stocks
Technology stocks mostly rebounded on Wednesday amid choppy trading following a global selloff in the previous session.
Alphabet added to Dow Jones Industrial Average, replacing Verizon
Alphabet will replace Verizon in the Dow Jones Industrial Average.
PGA Tour CEO Brian Rolapp unveils sweeping changes to professional golf
Changes to the PGA Tour are designed to elevate competition and raise payouts for winners.
The biggest wealth transfer in history is here: How the next generation will spend the trillions
The greatest wealth transfer is underway, and heirs who are set to inherit are preparing to use the money very differently from the generations that built it.
SpaceX raises $25 billion in debt sale less than two weeks after IPO
SpaceX raised $25 billion in a debt sale, after seeing nearly $90 billion worth of orders, sources say.
CFTC sues Kentucky over actions against prediction markets, making it first red state to face federal scrutiny
The commission has now sued nine states in its battle to defend what it sees as its exclusive right to regulate event contracts.
Why FedEx is down after a strong quarter — and its impact on our stock rating
We knew this report would be transitional, even messy, given the separation of FedEx Freight.
Cerebras falls 10% after chipmaker forecasts shrinking margin in first earnings report since IPO
Cerebras went public on the Nasdaq in May, giving Wall Street access to a pureplay AI company.
Senate backs Iran war powers resolution as GOP pressure grows on Trump's deal to end war
Senate Republicans want more details on Trump’s Iran deal as questions swirl around sanctions relief, nuclear restrictions and congressional approval.
VIX owner Cboe jumps into prediction markets to build on zero-day options growth
Global markets operator Cboe has launched its first prediction markets products to meet consumer demand in the fast growing sector.
Inside Kevin Warsh's selection process for the next Atlanta Fed president
Choosing a new head for the Federal Reserve Bank of Atlanta is an opportunity for new Fed Chairman Kevin Warsh to reshape the central bank.
Tankmaker KNDS lays out IPO plans amid defense selloff in Europe
KNDS plans to list shares in Paris and Frankfurt, with current shareholders expected to sell up to 20% of existing share capital.
Morgan Stanley doubles China humanoid robot shipment forecast as commercialization accelerates
Morgan Stanley has sharply raised its outlook for China's humanoid robotics market, as early commercial deployment in real-world scenarios accelerated.
MSCI keeps South Korea as emerging market, delays Indonesia review amid downgrade risk
The review comes amid hopes that Seoul could be included in MSCI's Developed Markets watchlist.
Factory job cuts in June neared financial crisis and Covid levels, S&P says
Though the firm's manufacturing index ran better than expected for June, it came largely from an inventory rebuild and despite sharp job cuts.