Author: Matthew Toledo
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Oil climbs for fifth day as Mideast routes face risks
The U.S. military said it had completed a 12th consecutive night of attacks on Iran, hours after President Donald Trump said the United States would destroy an Iranian bridge or power plant every time Iran fired at a ship in the Strait of Hormuz.
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EU clears Paramount-Warner deal, sets conditions
The merger still faced legal challenges in the United States.
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SpaceX delays Starship launch as shares keep falling
The company’s stock-market struggles have coincided with continued questions about whether SpaceX can deliver on its long-term plans.
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Mortgage rates reach highest level since August 2025
The average rate on a 15-year fixed mortgage rose to 5.93% from 5.82% last week while the rate for a 30-year increased to 6.55%.
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BP sells most venture holdings, scales back climate tech
The company said it expected the portfolio sale to close in the second quarter of 2027.
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Oil hits four-week high amid U.S.-Iran tensions
Brent had jumped 9.6% in the previous session, its biggest daily gain since May 2020.
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S&P 500, Nasdaq futures fall on U.S.-Iran tensions
The Dow Jones Industrial Average closed up 0.29% at 52,637.01 on Friday. The futures contract was up 0.56% from that close.
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Trump Accounts projections vary, planners urge caution
Several advisers said the biggest risk is that the child gains full control at 18.
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Nasdaq rises as chip stocks offset oil concerns
PepsiCo fell 3.3% despite beating second-quarter revenue estimates. Costco Wholesale dropped 4.2% to a six-month low after reporting slower June comparable sales.
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U.S. stock futures rise after second day of Iran strikes
Investors were assessing the June sell-off in chip stocks that pressured the artificial intelligence trade.