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Oil and Gas Prices Surge as Iran Attacks Major LNG Plant Bloomberg.comOil prices climb again after strikes in crucial Iranian gas field The Washington PostMiddle East war: why attacks on gasfields like South Pars are a major escalation The GuardianIsrael strikes Iran natural gas facility in coordination with U.S. AxiosEnergy Facilities Attacked in Iran and Qatar, Sending Pric
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Dow tumbles more than 750 points to new closing low for 2026, fueled by inflation woes; Fed holds steady on rates CNBCDow slides nearly 800 points after Fed meeting amid oil inflation USA TodayStock market today: Dow, S&P 500, Nasdaq slide as Federal Reserve holds rates steady Yahoo FinanceFed Meeting Today: Stocks Fall After Powell Voices Inflation Worries — Live Updates WSJ
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Oil prices increased Wednesday despite President Donald Trump's suspension of the Jones Act, which regulates shipping. Unleaded gas costs 32 percent more than a month ago.
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U.S. Intelligence Saw No Change in Iran's Missile Capabilities Before War The New York TimesGabbard tells senators Iranian regime is degraded but still intact The Washington PostGabbard deflects when asked on Capitol Hill about intelligence she'd offered Trump before Iran war AP NewsWATCH: Gabbard, Ratcliffe and Patel testify on worldwide threat
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Trump temporarily waives century-old shipping law amid rising fuel costs Al JazeeraTrump waives U.S. shipping law for 60 days to steady oil market CNBCJones Act waived to address fuel, fertilizer shortages Honolulu Star-AdvertiserU.S. Suspends Oil Shipping Rules to Ease Gas Price Pressures The New York
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Households aren't broke, the available data indicate. They're just exhibiting a reluctance to spend.
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Federal Reserve Chair Jerome Powell is due to speak Wednesday on the economy and interest rates for the time since the start of the Iran conflict.
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Qatar reports ‘extensive damage' on site of world's largest LNG plant Ras Laffan after Iran strikes
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Federal Reserve chair Jerome Powell said on Wednesday that he will stay on as "chair pro tem" if his successor Kevin Warsh is not confirmed by mid-May when Powell's term expires.
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Here's How Much Micron Stock Is Expected to Move After Earnings InvestopediaMicron revenue almost triples, tops estimates as demand for memory soars CNBCMicron posts better-than-expected Q2 results and Q3 guidance, but stock declines Yahoo FinanceMicron: The 4-To-1 New Catalyst (NASDAQ:MU) Seeking Alpha
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Bob Iger's Next Moves Amid Disney CEO Transition DeadlineDisney embarks on new chapter as Josh D'Amaro takes over as CEO CNBCDisney Will Become "Digital Centerpiece" of Company, Including Experiences and Games The Hollywood ReporterBob Iger on Leadership, Disney, and the Courage to Imagine More The Walt Disney CompanyDisney's Bob Iger Era Is Over. How the St
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Federal Reserve issues FOMC statement Federal Reserve Board (.gov)Here's what changed in the new Fed statement CNBCUS Fed keeps interest rates steady amid economic, geopolitical uncertainty Al JazeeraFederal Reserve holds interest rates steady as Iran war upends the economic outlook. The New York
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Oil prices jumped Wednesday despite the Trump administration announcing it will issue a temporary waiver on a law known as the Jones Act.
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'Bachelorette' Taylor Frankie Paul speaks out amid investigation involving ex NBC NewsRep for Taylor Frankie Paul's ex Dakota speaks out amid domestic violence investigation (Exclusive) Entertainment WeeklyDakota Mortensen Breaks Silence on Domestic Assault Investigation with Ex Taylor Frankie Paul People.com‘The Secret Lives of Mormon Wives' filming on pause amid Taylor Frankie Paul investigation, sources say NBC News
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Fed Meeting: Hot PPI Adds To Iran War Inflation Risk; S&P 500 Slips (Live Coverage) Investor's Business DailyWholesale prices rose 0.7% in February, much more than expected and up 3.4% annually CNBCSurge in wholesale prices is a warning AxiosPrices Paid to US Producers Increase by More Than Forecast Bloomberg.com
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Cesar Chavez abused girls, raped fellow labor icon Dolores Huerta, newspaper investigation finds Los Angeles TimesCesar Chavez, a Civil Rights Icon, Is Accused of Abusing Girls for Years The New York TimesLawmakers and community leaders react to ‘indefensible' César Chávez sexual abuse allegations The GuardianAnother César Chávez march in Texas canceled, Dolores Huerta dropped out San Antonio Express-News
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President Donald Trump on Wednesday took the much-anticipated step of waiving a 1920 law known as the Jones Act in an effort to combat soaring prices for crude oil and other key commodities.
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Macy's expects sales to fall this year, even as store revamp shows progress CNBCMacy's post strong sales from the holiday quarter and sees encouraging signs from revamped stores Yahoo FinanceMacy's proves Wall Street wrong again by growing sales, and the stock surges MarketWatchMacy's Same-Store Sales Boosted by Bloomingdale's While Guidance Mixed WSJ
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World Baseball Classic: Venezuela takes down Team USA in championship game stunner Yahoo SportsVenezuela defeats Team USA to win World Baseball Classic ESPNUSA overcome with emotion after WBC defeat: 'Loved it. But I'm still pissed.' USA TodayVenezuela's tears of joy: Why the team that cared the most won the World Baseball Classic CNN
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Stocks stabilized Wednesday after Tuesday's hotter-than-expected inflation data sparked Wall Street's worst selloff in over two years.
Inflation remained in focus today with the early morning release of the producer price index (PPI) for August. Similar to yesterday's consumer price index (CPI), the PPI - which measures what suppliers are charging for goods and services - rose at a slower annual clip in August than it did in July. However, on a month-over-month basis, both PPI and core PPI, which excludes energy and food prices, were up from July's figures.
SEE MORE 12 REITs Flaunting Fast-Growing Dividends
"There is a divergence in headline and core inflation building, where headline is cooling and core is heating up," says Jamie Cox, managing partner at Harris Financial Group. "That's an odd phenomenon and likely influenced by the shift from goods to services post-pandemic. The Fed should proceed with caution and not hit the emergency brake on rate hikes."
While yesterday's selling was broad-based, today's action was more mixed. In terms of sector performance, real estate (-1.2%) and materials (-1.2%) were the biggest laggards, while energy ( 2.8%) outperformed as U.S. crude futures rose 1.3% to settle at $88.48 per barrel.
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As for the major indexes, the Nasdaq Composite ended up 0.7% at 11,719, while the S&P 500 Index ( 0.3% at 3,946) and the Dow Jones Industrial Average ( 0.1% at 31,135) also finished with mode
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