President Joe Biden will deliver his secondState of the Union address tonight, a speech given against the backdrop of rising consumer prices, a strong labor market, a new Republican House majority, and the ongoing war in Ukraine.
The address will be aired on major networks beginning at 9 pm ET, with Arkansas Gov. Sarah Huckabee Sanders providing the GOP response.
Rescuers Work in Freezing Conditions After Earthquake Kills 5,100 in Turkey and Syria
ISTANBUL — Thousands of rescue workers were digging through debris in freezing conditions on Tuesday...
ISTANBUL — Thousands of rescue workers were digging through debris in freezing conditions on Tuesday in a desperate search for survivors after an earthquake that has left at least 5,100 people dead in Turkey and Syria, a devastating toll that continued to rise.
Around 23 million people are likely to be affected by Monday’s devastating earthquake and in need of humanitarian assistance, the officials said, citing figures provided by the Pacific Disaster Center, a disaster management organization.
US stock futures are down Tuesday, with investors anticipating comments from Fed Chair...
US stock futures are down Tuesday, with investors anticipating comments from Fed Chair Jerome Powell at the Economic Club of Washington at 12:40 p.m. ET. Meanwhile, Bed Bath & Beyond secured a $1 billion fundraising deal just as it neared bankruptcy — which sent the meme stock on a roller coaster.
On the docket: Spirit Airlines, Aramark, and Chipotle, all reporting
Oil Prices Rise as Turkey Earthquake Triggers Supply Concerns
The price of oil was rising early Tuesday as supply concerns...
The price of oil was rising early Tuesday as supply concerns were stoked by the effects of the earthquake in Turkey, while there were signs of confidence in strong Chinese demand.
Brent crude, the international standard, traded up 1.9% to $82.51 a barrel. West Texas Intermediate, the U.S. standard, rose 2.0% to $75.57 a barrel.
Turkey’s oil-export terminal at Ceyhan, with a capacity of one million barrels a day, has been temporarily closed after a powerful earthquake struck the country and the northern area of Syria. The terminal transports exports from Azerbaijan and Iraq and handled around 1% of global oil supplies in January.
U.S. stocks close lower to start week as investors await Fed's Powell
U.S. stocks were off session lows but suffering a second day...
U.S. stocks were off session lows but suffering a second day of losses Monday, after an unexpectedly strong jobs report at the end of last week renewed worries about how high the Federal Reserve will have to take interest rates.
The Dow Jones Industrial Average DJIA was down 57 points, or 0.2%, at 33,870, after dropping more than 200 points at its session low.
The S&P 500 SPX fell 28 points, or 0.7%, to 4,108.
The Nasdaq Composite COMP shed 128 points, or 1.1%, to trade at 11,879.
