Russia's main stock index closed unchanged in a recent session, but the flat performance masked significant underlying weakness as falling stocks heavily outnumbered risers and major companies hit new lows.
Artificial intelligence is improving price discovery and research, but the widespread use of similar models could lead to synchronized trading and more severe market dislocations, according to a research note from Bernstein.
New York City officials have announced new rules effective October 1 that will require businesses to provide a simple 'Click to Cancel' option for subscriptions and to disclose all mandatory fees upfront.
Iran launched missile and drone attacks on U.S. military assets in Kuwait, Qatar, Bahrain, and Jordan, marking a significant escalation of the conflict after a three-week ceasefire collapsed. The attacks center on control of the vital Strait of Hormuz oil chokepoint.
Renewed US-Iran conflict in the Strait of Hormuz and developments in the Russia-Ukraine war are disrupting energy supplies, adding to investor concerns over inflation and broader market volatility.
Oil prices are set for their best week in over a month, with Brent crude poised for a 6% gain, as ongoing military strikes between the U.S. and Iran raise concerns about supply disruptions through the Strait of Hormuz.
Iran's Revolutionary Guards navy has shut down the Strait of Hormuz, a critical chokepoint for global oil shipments, after an incident with a vessel, according to state media. The move threatens to severely disrupt energy markets and escalate regional tensions.
The Canadian dollar strengthened to its highest level in three weeks against the U.S. dollar after data showed the economy added 18,200 jobs in June, far exceeding analyst estimates. The report reinforces expectations that the Bank of Canada will hold interest rates steady.
The Canadian dollar strengthened to its highest level in three weeks against the U.S. dollar on Friday, buoyed by a June employment report that significantly beat analyst expectations.
