Iran says it hit US military targets in the Middle East in response to US strikes around the Strait of Hormuz. Follow for live updates.

Iran has launched a drone assault targeting Bahrain and a ship in the Strait of Hormuz separately came under attack. It was likely Tehran’s response to overnight airstrikes by the United States.

In their joint statement, Rubio and the Gulf Cooperation Council (GCC) called for "free, unconditional, and unrestricted navigation" in the Strait of Hormuz without tolls or "atte

A tanker came under attack in the Strait of Hormuz on Saturday, just after Bahrain said that Iran launched an attack targeting it. The British military’s United Kingdom Maritime Trade Operations center reported the attack,

The nation’s biggest bank recently promoted two possible successors, lost one longtime contender, and handed out $100 million in retention awards.

Over two decades at JPMorgan, Troy Rohrbaugh earned a reputation as a shrewd risk manager. Now he’ll go from investing banking to running the bank’s sprawling consumer operation.

JPMorgan Chase said Thursday that the company is undergoing a major reshuffling of top management under CEO Jamie Dimon, in the latest twist to the succession saga at the country'

Apart from becoming JP Morgan’s new co-presidents, both Doug Petno and Troy Rohrbaugh have been awarded one-time restricted stock bonuses of $30 million.

Adding SpaceX this quickly would make the Elon Musk company one of the first beneficiaries of Nasdaq's recently adopted fast-track inclusion framework.

Quick ReadSpaceX's Nasdaq-100 addition on July 7 forces billions in automatic passive fund buying, but mechanical demand doesn't reflect underlying business value.Lockup expiration, a $60 billion all-stock acquisition,

SpaceX, the space venture of Tesla CEO Elon Musk, will be added to the Nasdaq-100 Index less than a month after its initial public offering. According to Reuters on the 27th, Nasdaq announced through a disclosure that SpaceX will be included in the Nasdaq-100 Index starting July 7.

SpaceX’s post-IPO swings pushed Musk back below $1 trillion. The line may keep moving. Elon Musk is no longer a trillionaire—for now. The founder is back below $1 trillion, less than two weeks after SpaceX’s public-market debut briefly pushed his paper fortune past the mark.

First of all, the Minneapolis Fed president, who is a voting member of the Fed’s interest-rate committee this year, said he wasn’t sure the fragile cease-fire with Iran would

The 2-year Treasury note yield moved lower on Friday as Minneapolis Fed President Neel Kashkari said he expects one rate hike will be needed this year.

Minneapolis Fed President Neel Kashkari said geopolitical risks and inflation uncertainty led him to project one interest-rate hike this year.

Minneapolis Federal Reserve president Neel Kashkari said Friday he has penciled in one interest rate hike by the end of the year amid the build-out of AI infrastructure.

The S&P 500 ended marginally lower today, with a steep drop in AI-related chip stocks and sharp gains in Moderna and other healthcare stocks.

AI stocks are veering back down the roller coaster and pulling Wall Street behind them. The S&P 500 fell 0.6% Friday, and the Nasdaq composite skidded 1%. The Dow Jones

Wall Street closed slightly lower on Friday, capping a difficult week for U.S. equities as technology stocks led the decline. With geopolitical tensions easing following diplomatic progress in the Middle East and

After two years of AI-fueled spending, Wall Street is asking what's next. Gil Luria breaks down monetization, valuations, winners, losers, and AI's future.

The company expects revenue to grow 4% to 6% for June 1 to Dec. 31, and said the outlook reflects its confidence in the underlying strength of the business..

FedEx Freight Holding Co. is pursuing new business in sectors including data center infrastructure, grocery and healthcare to chart its future as a newly independent company.

FedEx Freight said on Thursday it expects revenue for the seven months to December 31 to rise 4% to 6% and adjusted ​operating income to grow between 0.8% and 7.5%, weeks ‌after completing its separation from parent FedEx Corp .

FedEx (FDX) said on Thursday it launched cash tender offers to repurchase up to $4.15B of its outstanding notes, using proceeds from the recently completed FedEx Freight spin-off and cash on hand. The company said the debt buyback will be funded with the roughly $4.