Boeing draws fresh scrutiny for the crash. The scandal-ridden...
Boeing draws fresh scrutiny for the crash. The scandal-ridden planemaker has had fatal problems with the 737 Max for years, but this is the first time that Boeing’s 787 Dreamliner has crashed since the model launched in 2011. Last year, a whistleblower working on the 787 raised concerns about the craft (he said he was later fired), while many airlines have reportedly discovered engine problems with the 787, leading them to delay or cancel flights. Meanwhile, yesterday’s crash came less than two weeks after Boeing agreed to pay $1.1 billion to dodge criminal charges for two fatal 737 Max crashes in 2018 and 2019.
A federal judge ordered President Trump to return control of the National Guard in Los Angeles to California Gov. Gavin Newsom by Friday afternoon. Hours later, an appeals court paused that ruling, enabling Trump to keep control of the National Guard for now. A hearing is scheduled for Tuesday.
Sen. Alex Padilla, a Democrat from California, was forcibly removed from and then handcuffed at a press conference held by Homeland Security Secretary Kristi Noem yesterday in Los Angeles.
A massive internet outage disrupted service on popular apps like Gmail, Twitch, and Spotify for at least an hour yesterday.
Texas Gov. Greg Abbott deployed more than 5,000 National Guard troops amid protests against the Trump administration’s immigration raids, the Associated Press reported.
Apollo Global Management, a top private equity firm, announced it would delay hiring young bankers after its CEO, Marc Rowan, said he agreed with criticisms of the practice from JPMorgan’s Jamie Dimon.
Oil prices spike, U.S. stock futures fall as Israel strikes targets in Iran
Oil futures shot higher and U.S. stock-market futures...
Oil futures shot higher and U.S. stock-market futures sank Thursday evening on reports that Israel was attacking sites in Iran.
Explosions were reportedly heard in Tehran, and Israel’s Defense Minister Israel Katz described the airstrikes as a “special situation,” according to the Associated Press. There were few other immediate details.
U.S. benchmark West Texas Intermediate crude for July deliveryCL.1 +6.19% and the global benchmark Brent crude for August delivery BRNQ25 +5.68%soared more than 3%.
The news sent U.S. stock-market futures falling, with the Dow Jones Industrial Average futures down more than 300 points, or 0.8%, while S&P 500 futures and Nasdaq-100 futures fell about 1%.
Israel Launches Attack on Iran as Tehran Scrambles Jets
Explosions rocked...
Explosions rocked Tehran early Friday morning, and Israel’s defense minister said his country’s warplanes had carried out an attack on Iran, raising fears of a war between two of the most powerful militaries in the Middle East.
Neither the scale of the attack nor the damage it caused was immediately clear. The strike was expected to prompt swift retaliation from Iran, likely involving a large barrage of ballistic missiles comparable to that Iran fired during similar escalations last year.
Dow, S&P 500 and Nasdaq post gains as U.S. stocks edge closer to record highs
U.S. stocks shrugged off earlier weakness on Thursday...
U.S. stocks shrugged off earlier weakness on Thursday to post modest gains, helping to bring the three major equity indexes closer to reclaiming record territory.
Investors monitored inflation data, Iran tensions, and trade developments. President Trump said countries should expect letters about tariffs as his early July deadline on a 90-day pause on trade levies nears.
The Dow Jones Industrial Average rose 101.85 points, or 0.2%, to 42,967.62. Boeing Co. shares fell 4.7% after an Air India 787 Dreamliner jet crashed, keeping a lid on the Dow's gains.
The S&P 500 index added 23.02 points, or 0.4%, closing at 6,045.26.
The Nasdaq Composite advanced 46.61 points, or 0.2%, finishing at 19,662.48.
The S&P 500 has been taking baby steps toward reclaiming record levels since crossing back over the 6,000 mark last week. It needs to end above its 6,144.15 record set on Feb. 19.
US Crude Oil Inventories Fall More than Expected: EIA
According to data from the EIA Petroleum Status Report,...
According to data from the EIA Petroleum Status Report, crude oil inventories in the US fell by 3.644 million barrels in the week ending June 6, 2025, more than market expectations of a 2.5 million barrel decrease.
Also, stocks in the Cushing, Oklahoma, delivery hub decreased by 403 thousand barrels.
Among refined fuels, gasoline stocks rose by 1.504 million barrels and stocks of distillate fuels increased by 1.246 million barrels, both above expectations.
