U.S. stocks finish lower after Trump calls for Iran's 'unconditional surrender'
U.S. stocks finished lower on Tuesday, giving back most...
U.S. stocks finished lower on Tuesday, giving back most gains from the previous session, as investors feared that an escalation of tensions between Israel and Iran could trigger deeper U.S. involvement in the Middle East conflict.
The Dow Jones Industrial Average fell nearly 300 points, or 0.7%, to end near 42,215, according to preliminary data from FactSet.
The S&P 500 was off 0.8%, to finish at around 5,982.
The Nasdaq Composite slumped 0.9%, ending near 19,521.
U.S. President Donald Trump on Tuesday called on Iran to surrender without conditions to bring an end to the conflict with Israel, fueling fresh worries on Wall Street that the White House is on the verge of joining Tel Aviv's military strikes against Tehran.
The surge in oil prices picked up steam on Tuesday. West Texas Intermediate crude for July delivery was up over 4% to trade at $74.84 a barrel, while August Brent crude, the global benchmark, also rose around 4.4%, at $76.45 a barrel, according to FactSet data.
TotalEnergies buys stake in Chevron US exploration blocks
TotalEnergies has acquired a 25% stake in several Chevron-operated offshore...
TotalEnergies has acquired a 25% stake in several Chevron-operated offshore oil and gas exploration areas in the US, expanding its presence in US waters. The deal builds on existing partnerships, including projects such as Ballymore and Tahiti, and provides access to potential future discovery sites.
Oil prices volatile as Israel, Iran conflict escalates
Oil prices have experienced volatility as the conflict between Israel...
Oil prices have experienced volatility as the conflict between Israel and Iran escalates, with Brent and West Texas Intermediate crude jumping over $4 per barrel before trimming gains on Monday, following a 7% increase on Friday. Concerns are rising about potential disruptions to the Strait of Hormuz if the conflict continues to intensify.
Iran reportedly wants to restart US nuclear talks as Israeli strikes continue
On Sunday, Iran canceled scheduled nuclear talks with the US, but yesterday,...
On Sunday, Iran canceled scheduled nuclear talks with the US, but yesterday, news outlets reported that it was signaling a willingness to resume them and asking allies to urge President Trump to press Israel for a ceasefire. Meanwhile, Israel and Iran continued to trade missile strikes, with one Israeli attack hitting Iran’s state broadcaster while it was live on air. As Israeli attacks on Iran intensified, Trump posted on social media that Tehran should be immediately evacuated. Trump left the G7 Summit a day earlier than planned in order to address the situation.
Minnesota shooting suspect planned to target two more lawmakers,...
Minnesota shooting suspect planned to target two more lawmakers, prosecutors say. Prosecutors revealed more details about actions they believe were taken by Vance Boelter, the man accused of killing one Minnesota lawmaker along with her husband and injuring another politician and his wife, as they brought federal charges of murder and stalking (he’s already facing state charges). They allege Boelter visited the homes of two more state legislators the night of the shooting with plans to target them as well, but one was on vacation, and he fled after police arrived at the home of the other. Boelter, who was found by police Sunday after a manhunt, is being held without bail until a court appearance next week.
President Trump and UK Prime Minister Keir Starmer said yesterday that they’re signing a trade deal to lower tariffs—but the deal does not include steel, a key part of trade between the two countries.
Kering, the French fashion house that owns Gucci, has reportedly tapped Luca de Meo, who was previously selling cars (rather than handbags that cost as much as cars) as the CEO of Renault, to be its new chief executive.
President Trump ordered ICE to expand efforts to deport undocumented immigrants in cities including Los Angeles, Chicago, and New York, which he described along with other cities as the “core of the Democrat Power Center.”
OpenAI scored a $200 million contract to provide the Defense Department with AI tools. It’s also reportedly mulled accusing Microsoft, a major investor, of engaging in anticompetitive behavior.
The Senate released details of its version of the Republican tax megabill, but the SALT deduction may still be up for debate.
