Econ #s

The energy trade that paid off all spring has reversed in full. The two largest oil-and-gas equity funds have erased their entire Iran war rally, and the sector’s spring darlings are now its biggest losers. The Energy Select Sector SPDR Fund (NYSE:XLE), the broad sector benchmark, fell to $53...

U.S. stocks rebounded Thursday, led by a sharp rally in semiconductors, as a signed U.S.-Iran peace deal sent oil tumbling and an Intel-Apple chip manufacturing pact lit a fire under technology shares. The rebound came one day after stocks slumped when the Federal Reserve – in Kevin Warsh‘s...

Kevin Warsh‘s hawkish debut as Federal Reserve Chair revived one of the market’s most reliable plays — going long the dollar when the central bank looks ready to hike interest rates. The U.S. Dollar Index – as tracked by the Invesco DB U.S. Dollar Index Bullish Fund (NYSE:UUP) – rose 0....

(Editor’s note: The headline, ETFs and economic data were updated.) U.S. stock futures rose on Thursday, as the Dow Jones, Nasdaq 100, and S&P 500 indices advanced, following Tuesday’s sharp sell-off. Weekly initial jobless claims edged down by 4,000 to a seasonally adjusted 226,000...

Investors assessing the Federal Reserve's decision to keep interest rates steady this week may be suffering from a false sense of security. According to a global macro strategy report authored by Frank Flight at Citadel Securities, the market is severely under-indexing a looming hawkish pivot. The...

Federal Reserve Chair Kevin Warsh‘s first policy meeting drew mixed reactions from economists, with attention centered on his decision not to submit a dot plot projection, his inflation messaging and his plans to reform the institution The Fed held rates steady at 3.50%-3.75% on Wednesday and...

Kevin Warsh used his first press conference as Federal Reserve Chair to pledge a decisive fight against inflation, signaling a policy shift few investors had expected. A broad selloff began with the June’s hawkish dot plot, which signaled the committee’s preference for one rate hike...

United Kingdom inflation remained unchanged ahead of the country's central bank interest-rate decision and after the economy contracted following nearly four months of global energy supply disruptions caused by the war in the Middle East. Inflation remained at 2.8% in May, unchanged from April, the...

One of the smallest countries on Earth has become the nerve center of the artificial intelligence boom. South Korea – a nation nearly 1% the size of the U.S. and roughly as big as the state of Indiana – has been the uncontested top gainer of 2026. The iShares MSCI South Korea ETF (NYSE:EWY) has...

(Editor’s note: The future prices of benchmark tracking ETFs and the headline were updated in the story.) U.S. stock futures were mixed on Wednesday, as the Dow Jones fell, while the Nasdaq 100 and S&P 500 advanced, following Tuesday’s mixed close. U.S. retail and food services...

A collapse in crude oil futures prices is poised to deliver savings to American motorists, with top economist Mohamed A. El-Erian predicting that regular gasoline and diesel will crash through the $4 and $5 thresholds, respectively, in the coming days. Imminent Relief at the Pump The nationwide...

Oil has fallen below the $80 mark after President Donald Trump's Iran peace deal announcement, and airline stocks are catching a momentum tailwind as investors price in potential fuel-cost relief. JetBlue Airways Corp. (NASDAQ:JBLU), LATAM Airlines Group SA (NYSE:LTM), and Frontier Group Holdings...

U.S. stocks were mixed at midday Tuesday as money rotated out of high-flying technology and into financials, utilities and industrials — cooling the tech-led rally as the Dow Jones Industrial Average pushed to fresh records. Meanwhile, Federal Reserve Chair Kevin Warsh prepares to gavel in his...

Economic sentiment in the Eurozone rose for the first time in four months as concerns about the war in the Middle East and higher energy prices eased. The ZEW Eurozone Economic Sentiment Indicator climbed to 9.5 points in June, an increase of 18.6 points from the previous month. Germany's ZEW...

President Donald Trump declared, "The Deal with the Islamic Republic of Iran is now complete," and told the world's tankers to “start your engines” on Sunday. Goldman Sachs responded by cutting its crude forecast. The bank now sees Brent crude averaging $80 a barrel in the fourth...