At least 37 students were killed and many others injured...
At least 37 students were killed and many others injured after an Islamic State-affiliated extremist group attacked a boarding school in western Uganda over the weekend. Four nonstudents were also killed, and six more pupils were abducted as the assailants fled across the nearby border into the Democratic Republic of the Congo. Officials said students were killed with machetes, while others died after the dormitories they took refuge in were set on fire.
Reddit’s CEO doubled down on the API changes that the platform is enforcing next month. The...
Reddit’s CEO doubled down on the API changes that the platform is enforcing next month. The recent policy change could cost popular third-party Reddit apps millions. But CEO Steve Huffman said: “These aren't like side projects or charities.” More on his comments here.
Rising oil exports to Asia cause supertanker rate hikes
Surging oil demand in Asia has propelled oil supertanker freight rates for the Middle East-Asia...
Surging oil demand in Asia has propelled oil supertanker freight rates for the Middle East-Asia route to the highest level since April, while rates for the US Gulf Coast-China route climbed to $9.34 million on Wednesday, according to shipbroking firm Meiwa International. Refinitiv Eikon senior analyst Emril Jamil expects US crude shipments to Asia to rise 27.9% month over month to a record 10.9 million short tons in June.
Benchmark U.S. crude oil for July delivery rose $1.16 to $71.78 a barrel Friday. Brent crude for August delivery rose 94 cents to $76.61 a barrel.
Wholesale gasolinefor July delivery rose 4 cents $2.68 a gallon. July heating oilrose 7 cents to $2.55 a gallon. July natural gasrose 10 cents to $2.63 per 1,000 cubic feet.
U.S. stocks close lower Friday but notch gains for the week
Stocks ended slightly lower Friday, with bulls taking a breather...
Stocks ended slightly lower Friday, with bulls taking a breather after a six-day winning streak that pushed the S&P 500 to 14-month highs. Major indexes booked weekly gains, with investors set for a three-day holiday weekend, with U.S. markets closed Monday for Juneteenth. The S&P 500SPX fell around 16 points, or 0.4%, to close near 4,410, according to preliminary figures. The Dow Jones Industrial Average DJIA lost around 107 points, or 0.3%, to end near 34,301, while the Nasdaq CompositeCOMP shed around 93 points, or 0.7%, to finish near 13,690. The S&P 500 booked a 2.6% weekly rise, while the Dow advanced 1.3% and the Nasdaq rallied 3.3%.
