Category: Finance News

Jan 3

Market Extra: Who was Qassem Soleimani, and why is his death a major development in U.S.-Middle East relations?

Qassem Soleimani, leader of the foreign wing of Iran’s Islamic Revolutionary Guard Corps, was killed in a U.S. airstrike at Baghdad’s international airport Friday, local time, escalating long-brewing animosities between Tehran and Washington. President Donald Trump authorized the airstrike that killed Soleimani, a top Iranian general who is considered one of the most revered military […]
Jan 3

The Tell: The stock market’s rally to start 2020 means it will take the average worker a record 114 hours to buy one unit of the S&P 500

Stocks are lurching toward fresh records to commence the first trading day in 2020, but that advance has raised some questions about the run-up in values for broad-market U.S. equity benchmarks. Indeed, the S&P 500’s recent gains have taken it to its priciest level relative to its hourly cost for the average worker on record. […]
Jan 3

Market Extra: Here’s a look at the biggest movers among U.S. oil stocks after Iran’s Soleimani is killed

Oil stocks were in the spotlight on Friday after a targeted military strike killed Iranian General Qassem Soleimani, considered the architect of the Islamic Republic’s military expansion in the Middle East. The attack has sent crude-oil prices soaring, with West Texas Intermediate crude for February delivery CLG20, +2.17%  on the New York Mercantile Exchange up […]
Jan 3

Capitol Report: 2020 Democrats charge Trump is risking major Middle East conflict with Soleimani killing

A previous version of this report gave an incorrect date for the Iowa caucuses. It has been corrected. Reuters Democratic presidential candidates including Joe Biden, Bernie Sanders and Elizabeth Warren say President Trump is risking another war in the Middle East with the killing of the Iranian general Qassem Soleimani in Baghdad. Democratic White House […]