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Higher oil prices resulting from the U.S.-Israeli war in Iran are dashing hopes for any interest-rate cut by the Federal Reserve this year and even leading to growing chances of a rate hike.
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A federal judge struck down the Defense Department's new press policy that triggered an exodus of reporters from the Pentagon, calling it unconstitutional.
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Nexstar has closed its $6.2 billion acquisition of Tegna after winning approval from the Federal Communications Commission and Department of Justice.
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Christopher J. Waller, a Federal Reserve governor, said he would support rate cuts later this year if the labor market continued to weaken.
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The Federal Communications Commission on Thursday said it had approved the merger of local television giants Nexstar Media Group and rival Tegna, the same day that two lawsuits trying to block the deal were announced.
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Most officials at the U.S. central bank still expect at least one quarter-point cut to interest rates this year.
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