Global oil prices top $91 a barrel after U.S. and Iran exchange fire for the first time in a month
Every extra dollar in oil prices now lands in a market that has suddenly rediscovered the possibility of another interest-rate hike.
Markets
My friend is charging everyone $80 to attend her 30th birthday party. She says it’s to cover the open bar. Is it rude to not go?
My friend is charging everyone $80 to attend her 30th birthday party. She says it’s to cover the open bar. Is it rude to not go? “I think she would take it personally if I didn’t attend.” Read at source
Corn Pushes Gains into the Weekend as Specs Expand Length
Corn futures held onto the Friday gains into the close, with contracts settling 1 to 4 cents higher. September rallied 28 ¼ cents on the week, with December 28 cents. The CmdtyView national average Cash Corn price was b…
Hogs Rally into the Weekend
Lean hog futures were 90 cents to $1.27 higher to close Friday, with October up $1.02 on the week, led by the Friday strength. USDA’s national base hog price was at $89.57 in the Friday PM report, down 19 cents from the…
Cattle Falling Back Under Pressure on Friday
Live cattle futures are down $1 to $1.20 across the front months. Cash trade has been near $220 to $345 this week. The Friday morning Fed Cattle Exchange online auction showed dressed sales of $342 on 40 head, with anot…
Bank of England chief warns new AI models threaten global financial stability
The growing threat posed by advanced artificial intelligence models could trigger a disorderly correction in global financial markets, according to Bank of England Governor Andrew Bailey.
The travel shoulder season is shrinking — and so are the savings
Traveling during the shoulder season is often touted as a reliable way for people to save money compared with budget-busting travel during the summer months.
Aon CEO says insurance broker seeks to build 'premiere middle market platform' with purchase of rival USI
Insurance broker Aon announced on Monday it will purchase rival USI Insurance Services from private equity firm KKR.
Crypto exchange Gemini not at fault for collapse of Earn lending program, arbitrator says
Gemini Space Station scored a legal victory earlier in August after an arbitrator found the crypto exchange did not mislead users and was not at fault for the collapse of its Earn lending program.
Kalshi partners with brokerage Alpaca as it tries to build its international audience
Prediction market platform Kalshi is working with brokerage and financial infrastructure startup Alpaca to bring its event contracts to an international audience.
Santoli: Why investors should be on high alert heading into September
In markets as in movies, suspense builds through the slow, quiet scenes of the second act.
BofA sees continued inflation pressure on consumer staples
As we extended our lead over the S&P 500, we locked in big gains on several positions, added to new holdings and made other buys.
Record Profits and AI Spending Are Making It Harder for Warsh to Stay Patient
The stock market loves a fresh narrative. Every time a new Federal Reserve chair takes office, investors immediately begin looking for clues about what comes next: lower rates, higher rates, easier money, tighter policy…
Wall Street futures fall as Middle East flare-up and 60% Fed hike odds
Wall Street absorbed two macro shocks in the same session Wednesday — an Iranian ballistic missile attack on U.S. forces that collapsed the brief ceasefire understanding, and a Federal Reserve vote that produced the mos…
Russia preparing 'massive strikes' on Ukraine's energy sites after deadliest attack of the year
Russia's Defense Ministry said it is planning "massive strikes" on Ukraine's energy infrastructure, days after launching a devastating attack on a warehouse near Kyiv, amplifying fears of another winter assault.
U.S.-Iran escalation shows Washington's frustration with slow-moving sanctions
The escalation in hostilities between the U.S. and Iran over the weekend shows the U.S. is running out of patience with the slower-moving sanctions approach, according to analysts.
Advanced AI threatens global financial stability, says Bank of England boss
Andrew Bailey warns G20 members about risk of cyber-disruption spreading ‘across jurisdictions’
France is becoming the ‘poster child’ of sovereign debt problems as government borrowing costs hit near 2008 highs
France's deteriorating public finances and political deadlock are becoming a growing concern for bond investors, with borrowing costs near financial-crisis-era highs as another difficult budget battle looms.
China's Xi builds diplomatic clout with multiple state visits ahead of Trump summit
Xi has "sharply curtailed foreign travel in recent years, so his busy upcoming travel schedule is a significant gauge of his priorities," Gabriel Wildau, managing director at Teneo, told CNBC in an email.
BYD shares slide as fierce China competition dents first-half earnings
Shares of Chinese electric-vehicle giant BYD fell nearly 5% in Hong Kong on Monday, following the release of its interim results on Friday.
Stocks Fall as Hawkish Warsh Boosts Fed Rate Hike Chances
The S&P 500 Index ($SPX) (SPY) closed down by -0.25% on Friday, the Dow Jones Industrial Average ($DOWI) (DIA) closed down by -0.02%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down by -0.70%. E-mini S&P futures (ESU…
Jackson Hole analyst roundup: Warsh's speech sends hike chances higher, may put Fed `at odds' with Treasury
Federal Reserve Chair Kevin Warsh's stance in his speech at the Jackson Hole meeting was unexpectedly hawkish, boosting market expectations for a rate hike next month.
Asia stocks slip on growing Fed hike bets, fresh Middle East tensions
Global benchmark Brent edged higher to $91.15 a barrel after President Donald Trump said he wasn’t interested in extending the expiring agreement with Iran and fighting flared anew in Lebanon.
U.S. stock futures slip as chances of rate hike rise after Warsh’s Jackson Hole comments
U.S. stock-index futures declined on Sunday, as investors ponder the likelihood of a fresh interest-rate hike and look ahead to fresh labor data and tech earnings this week.