Joe Wallace

With a few hours to go, derivative traders are pricing in a 99.6% chance that the central bank will keep interest rates on hold today, according to CME Group. They're betting there's a roughly 60% chance the Fed will raise its benchmark rate at least once by the end of the year.

Traffic through the Strait of Hormuz appeared to speed up over the weekend despite Iran's claim that it had closed the waterway. Nineteen tankers went through the strait in either direction on Saturday followed by 14 on Sunday, according to ship-tracking firm Kpler. By 8 a.m. ET today, a furthe

The slide appears to reflect concerns that tech companies have built more AI computing capacity than they really need, says Mohit Kumar, chief European economist at Jefferies. Those fears were rekindled by a Bloomberg News report yesterday that Meta Platforms is planning a cloud business to sell ex

Stock futures were lower as tech companies fell across the globe ahead of crucial U.S. jobs data.

The Dow industrials rose after June jobs data pointed to slower-than-expected growth in the labor market. Meanwhile, the Nasdaq and S&P 500 fell amid tech weakness.

Ga-Hyun Chung spent around $7 billion amassing the world’s largest fleet of oil tankers. His timing could hardly have been better.

The Korean tycoon spent the sum amassing the world’s largest fleet of oil tankers just before the Iran war sent the market haywire.

Think your civilian job is legally required to protect your position, seniority, and peace of mind when you deploy or otherwise serve your country as presc

The back-and-forth voyages have been instrumental because only a small number of shipowners were willing to risk sending their tankers through Hormuz

Costas Paris, Joe Wallace, Rebecca Feng Iran's attacks on commercial ships are turning off a lifeline for the global energy market—a stream of tankers ferrying crude through the hazardous Strait of Hormuz.