Business News

LONDON/SYDNEY (Reuters) — Global stocks gained and ​oil tumbled on Friday as fresh hopes of a peace deal between Iran and the U.S. fanned a ‌rally, while investors awaited the hotly anticipated market debut of Elon Musk’s SpaceX once Wall Street opens.

HOUSTON (Reuters) — The United States has become the world’s largest oil exporter, upending a decades-old order long dominated by Saudi Arabia and Russia, a shift that tightens American companies’ grip on energy markets as Washington’s war with Iran reshapes ​global energy trade.

WASHINGTON (Reuters) — U.S. consumer inflation likely increased at its fastest pace in three years in May as the Middle East conflict raised prices of energy products, which would provide more ​ammunition for the Federal Reserve to keep interest rates unchanged this year.

CUPERTINO, California (Reuters) — Apple on Monday rolled out a long-delayed overhaul of Siri, betting the upgraded assistant can help close the gap ‌with Big Tech rivals and new-age startups in the crucial AI race.

SINGAPORE (Reuters) — The dollar was perched near a two-month high on ​Monday after a blowout U.S. jobs report sent traders ramping up bets on a Federal Reserve rate ‌hike this year, while the yen teetered further into the intervention zone.

RIO DE JANEIRO (Reuters) — Global airline chiefs open their annual summit in Rio de Janeiro on ​Saturday facing a sharper test of the industry’s post-pandemic recovery, as the Iran war drives up fuel costs and disrupts airspace ‌while carriers try to cushion the blow with higher fares and tig…

(Reuters) — U.S.-traded chipmakers plunged on Friday, losing about $1.3 trillion in market value, with deep losses in AI heavy ​hitters including Nvidia, Micron Technology and Advanced Micro Devices, as Broadcom’s ‌weak report earlier this week reverberated across Wall Street.

WASHINGTON (Reuters) — The ‌U.S. economy posted another month of strong employment gains in May, confirming that the labor market was gaining traction after stumbling last year, and potentially giving the Federal Reserve more room to keep interest rates unchanged amid ​rising inflation stemming fro…

NEW YORK (Reuters) — SpaceX publicly set a $135 price for shares in its initial public offering on Wednesday, upending the longstanding ​Wall Street price-discovery apparatus and underscoring Elon Musk’s determination to raise record sums his way.

(Reuters) — U.S. stock index futures stalled near record highs on ​Wednesday as rising crude oil prices weighed on sentiment, with a flare-up in the Middle East ‌conflict signaling little progress in efforts to end the months-long war.