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Shares of FedEx rose in extended trading Thursday after the package-delivery giant said it expected slightly better sales and profits for this year, even as the Iran war threatens larger shipping disruptions and drives fuel prices higher.
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Global benchmark oil prices were pulling back from their highest level in nearly four years on Thursday afternoon after President Trump said he wouldn't send troops to the Middle East, helping to ease energy-market concerns about the Iran conflict.
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Attacks on oil and natural gas facilities this week could make it much harder for Persian Gulf countries to rebuild and restart production when the war eventually end.
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MPC holds rates at 3.75% as war in Middle East continues to push energy costs higher
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Novo Nordisk's 7.2 mg dose of Wegovy will compete against Lilly's GLP-1 injection.
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Jerome H. Powell, the chair of the Federal Reserve, emphasized the high degree of uncertainty stemming from the conflict as he acknowledged the potential for surging energy prices to lift inflation and dent growth.
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