U.S. Stocks Decline as Bond Yields Jump, Oil Climbs
Stocks fell as U.S. government bond yields jumped to fresh multiyear highs and oil prices climbed further amid growing investor concerns about the war in Iran.
----
U.S. Mortgage Rates Top 7% For First Time in 15 Months
Rates had steadily tumbled to about 6% in late February, but reversed when the U.S. and Israel started the war in Iran, disrupting oil shipments and driving up inflation.
----
Producer-Price Inflation Accelerated Last Month
The producer-price index rose 0.4% in August, versus a 0.1% increase in July. The reading was in line with economists' forecasts.
----
Brent Trades Above $100 Amid Gulf Supply Risks
Oil prices rose again, with both Brent and WTI trading above $100 a barrel before easing slightly, as markets assessed escalating attacks on Gulf shipping and renewed Houthi strikes on Saudi Arabia.
----
Yemen's Iran-Backed Houthis Sweep Toward Strategic Bab al-Mandeb
The militant group captured the port of Mokha and left Saudi-backed government forces in retreat, expanding its control near a chokepoint for energy exports.
----
The ECB Just Raised Interest Rates. Here's What to Know.
Resurgent oil and gas prices have reignited concerns over price pressures.
----
Home Sales in August Tumbled to Lowest Level Since Last Year
The 2% monthly decline in existing-home sales reflected higher mortgage rates and a housing market stuck in a rut.
----
U.S. Crude Oil Stockpiles Fall, Production Hits Record
Commercial crude oil stocks fell by 391,000 barrels last week. Analysts had expected crude stocks to fall by 1.4 million barrels.
----
Saudi Oil Output Slumps as Iran War, Houthi Threats Disrupt Vital Export Routes
Saudi Arabia's oil production plunged last month as threats by Iran-backed Houthi rebels disrupted exports from the kingdom's west coast, at a time when shipments through the Strait of Hormuz waterway in the Persian Gulf remain constrained.
----
Texas Stock Exchange Snags First Listings, Putting the Heat on the NYSE
Pipeline operator Energy Transfer and several associated companies will shift their stock listings from the NYSE to the Texas Stock Exchange.
----
Turkish Central Bank Keeps Rates Unchanged Amid Continued Inflation Risks
The bank held its benchmark one-week repo rate at 37.0%, it said Thursday. The bank last cut its key rate in January.
----
Bond Yields Edge Up as Investors Await ECB Rate Hike, Treasury Buybacks
The selloff in global government bonds accelerated in European midday trade, pushing yields on 10-year German Bunds and Treasurys to fresh multiyear highs.
----
The Complicated Reality Behind AI Token Limits
Employee token limits have become commonplace among companies looking to manage their AI costs-but putting them in place can be tricky.
----
Bank of Japan Tightening Bets, U.S. Pressure Spark Yen Recovery
Just over a month after joint currency interventions failed to pull the yen significantly off multi-decade lows, shifting policy expectations have triggered a remarkable turnaround.
----
Bank of Korea Warns of Destabilizing Impact of High-Risk AI Trades
A surge of investment in leveraged exchange-traded funds generated significant volatility in the domestic stock market, the Bank of Korea said.
Comments