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U.S. crude oil jumps as Biden comments on possible Israel retaliation against Iran

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U.S. crude oil prices rose about 5% on Thursday, on pace for a third consecutive session of gains on fears that Israel could strike...
Bussiness

Oil market faces a rude awakening if Iran’s energy infrastructure is targeted, analysts say

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A general view of Isfahan Refinery, one of the largest refineries in Iran and is considered as the first refinery in the country in...
Bussiness

Sterling plunges 1% against dollar after Bank of England governor’s comments on rate policy

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Andrew Bailey, Governor of the Bank of England, gestures as he addresses the media during a press conference at the Bank of England in...
Tech

Oura announces new smart ring with updated design and new sensors for $349

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A user wearing an Oura RingCourtesy: OuraOura unveiled its new smart ring, the Oura Ring 4, on Thursday, which is available starting at $349. The...
Bussiness

European markets sink as investors focus on Middle East escalation

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Smoke rises from a building destroyed by an Israeli airstrike as journalists and local residents visit during a press tour on October 2, 2024...
Bussiness

OpenAI closes funding at $157 billion valuation, as Microsoft, Nvidia, SoftBank join round

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OpenAI has closed its long-awaited funding round at a valuation of $157 billion, including the $6.6 billion the company raised from an extensive roster...
Bussiness

Israel retaliation may target Iran oil infrastructure, boosting prices further, Wall Street analysts say

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The Iranian flag above the new Phase 3 facility at the Persian Gulf Star gas condensate refinery in Bandar Abbas, Iran, in 2019.Ali Mohammadi...
Bussiness

Goldman-backed Starling Bank hit with $38.5 million fine for financial crime prevention failures

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The Starling Bank banking app on a smartphone.Adrian Dennis | AFP via Getty ImagesU.K. financial regulators hit British digital lender Starling Bank with a...
Bussiness

Treasury yields rise as investors weigh economic, geopolitical outlook

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Treasury yields were last higher on Wednesday as investors weighed the state of the U.S. economy and considered the latest developments in the Middle...
Bussiness

European markets slightly higher; defense stocks rally on Middle East tensions

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Israel's Iron Dome anti-missile system intercepts rockets, as seen from Ashkelon, Israel, October 1, 2024.Amir Cohen | ReutersLONDON — European stocks were slightly higher...
Bussiness

Massive port strike could have ‘devastating consequences’ for consumers, expert says

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Port of Miami dockworkers strike near the port entrance and demand a new labor contract, on October 1, 2024 in Miami, Florida. Giorgio Viera |...
Bussiness

Port strike fallout: Blockbuster weight-loss drug supply from Wegovy to Ozempic, Mounjaro, Zepbound caught up in East Coast trade shutdown

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An Eli Lilly & Co. Zepbound injection pen, March 28, 2024.Bloomberg | Bloomberg | Getty ImagesAs a port strike stretching from New England to...
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