Oil claws back some losses after Israel retaliates against Hezbollah

Oil futures clawed back some losses on Wednesday, recovering from 7-week lows as geopolitical tensions rose after Israel retaliated against an attack by Hezbollah, although prices remained under pressure from concerns about demand in China. Brent crude futures climbed 39 cents, or 0.5%, to $79.02 a barrel by 0020 GMT ahead of expiry on Wednesday, while the more active October contract was at $78.54, up 47 cents. U.S. West Texas Intermediate crude futures rose 52 cents, or 0.7%, to $75.25 a barrel.

Oil Rises After Industry Report Shows Another US Stockpile Draw

(Bloomberg) -- Oil rose for the first time in four sessions after an industry report pointed to a fifth week of drawdowns in US stockpiles.Most Read from BloombergKamala Harris Wipes Out Trump’s Swing-State Lead in Election Dead HeatLuxury Heir Alleges His $13 Billion Hermès Fortune Has VanishedIntel to Cut Thousands of Jobs to Reduce Costs, Fund ReboundTech Stocks Hit as Microsoft Down 6% in Late Hours: Markets WrapRich Hong Kong Families Sell Mansions at Discounts to Repay DebtBrent crude for

Fed Expected to Hold Rates and Signal September Cut

(Bloomberg) -- Federal Reserve officials are likely to move closer to lowering interest rates from a two-decade high this week by signaling a potential rate cut in September, though they may stop short of providing details beyond that.Most Read from BloombergKamala Harris Wipes Out Trump’s Swing-State Lead in Election Dead HeatLuxury Heir Alleges His $13 Billion Hermès Fortune Has VanishedIntel to Cut Thousands of Jobs to Reduce Costs, Fund ReboundTech Stocks Hit as Microsoft Down 6% in Late Hou

Starbucks reports another quarter of declining sales, reaffirms guidance

Stock market news today: Nasdaq sinks, Nvidia drops 7% ahead of Big Tech earnings

AMD stock jumps on earnings beat driven by AI chip sales

Microsoft stock drops over 6% after results fall short in latest AI disappointment

Feds arrest Princeton grad ‘Diamondhands’ who raised $257 million for fake crypto social media site

Al-Naji ran a site called BitClout and, according to the SEC, siphoned millions for personal expenses, including a Beverly Hills mansion.

The US national debt just surpassed another milestone: $35 trillion

Ex-Glencore Oil Boss Exits Board of Investment Firm He Founded

(Bloomberg) -- Alex Beard, the billionaire former head of oil at Glencore Plc, has left the board of an investment company he founded after exiting the commodity trading giant. Most Read from BloombergLuxury Heir Alleges His $13 Billion Hermès Fortune Has VanishedKamala Harris Wipes Out Trump’s Swing-State Lead in Election Dead HeatRich Hong Kong Families Sell Mansions at Discounts to Repay DebtVenezuela’s Opposition Says It Has Proof of Election FraudTech Stocks Hit as Microsoft Down 6% in Late