Stocks fall as higher oil prices, Treasury yields rise
US stocks fell on Monday as oil prices and US Treasury yields increased, with investors weighing uncertainty over the prospects for an Iran war peace deal and the impact on the Federal Reserve's rate path. Crude prices had jumped after US President Donald Trump rejected a peace deal from Iran but pared gains on expectations that Qatari mediators would hold talks with the two countries to find a possible deal. After retreating from highs at the start of the month, oil prices have accelerated higher in recent days as hopes that a peace deal may be on the horizon have diminished. The rising prices of crude and diesel fuel have fanned inflation worries and pushed US Treasury yields higher, along with comments from Fed officials indicating that more rate hikes might be needed if price pressures fail to moderate after the central bank raised interest rates by 25 basis points earlier this month. "Iran is driving oil prices, and oil prices are driving inflation, and inflation is driving interest rates," said Jack Ablin, chief investment strategist and founding partner at Cresset Capital Management in Chicago. "We're getting to a point now where interest rates are looking pretty attractive relative to equities, which is really the...
Read full articleMore News
Charities and businesses wrestle with diesel cost
Cancer charity Daft as a Brush and Teesside Minibus Hire say they are struggling with pump prices.
Justice Dept. Is Investigating TV Networks Over Trump Pool Coverage
Major TV networks were notified on Friday that the department was examining whether they violated antitrust laws when they suspended pool coverage of President Trump.
Clara Wu Tsai, the Billionaire Who Wants Brooklyn to Win
Clara Wu Tsai, a co-owner of the Liberty and Nets, split from her husband of 30 years. Now she is turning her attention to leaving her mark on the borough.
Trump announces deal for Russian diesel as Zelensky calls it a gift to Putin
Ukraine's president sharply criticised the move, calling it an "investment in war that must be ended, not prolonged".
Boots has a new owner: Three ways it could affect you
The stalwart of Britain's High Street has been sold to a Canadian billionaire family. What will that mean for you?
Big Controversy Upends a Contest About Microscopic Videos
Nikon announced that it had disqualified the winner of its Small World in Motion competition over how A.I. was used in his submission.
Analysis: Trump's shock Russia deal highlights mounting pressure to curb fuel prices
The US president hopes to ease his party's pain before next month's midterm elections, writes the BBC's North America correspondent.
Trump Announces White House Inquiry Into Fed Governor Lisa Cook
President Trump said the White House would investigate unsubstantiated claims that Lisa D. Cook committed mortgage fraud and hold a hearing next month.
Private Medicare Plans Are Raising Costs And Forcing Millions To Find New Insurance
As enrollment for Medicare Advantage begins this month, older Americans are confronting fewer options because insurers are discontinuing coverage in many areas.