Economy

Oil closes above $100 for second day as market shrugs off U.S. measures to reduce prices during Iran war

Traders are continuing to monitor developments in the Middle East. Overnight, Trump hinted that an end to the conflict was not imminent.

Fourth-quarter GDP revised down to just 0.7% growth; January core inflation was 3.1%

The PCE price index for January was expected to show headline inflation at 2.9% and core at 3.1%.

The stock market is getting very close to a point that would trigger a policy response, BofA's Hartnett says

With oil soaring and the Iran war threatening global stability, Hartnett said it probably won't take much more before someone steps in.

India's Modi Reaches Out to Iran as Energy Crunch Fears Grip the South Asian Nation

The closure of the Strait of Hormuz for longer could deepen the worries of the world's fastest-growing economy.

U.S. allows temporary purchases of Russian oil already at sea to stabilize energy markets

The U.S. has temporarily authorized the purchase of Russian oil stranded at sea to stabilize energy markets.

Some six-figure earners are still 'on thin ice' in the K-shaped economy: 'A lot of factors' could 'leave you exposed'

Some households earning $160,000 or more a year fall on the “thin ice” side of the K-shaped economy, a new report finds.