Energy Markets Rattled as Israel, Iran Continue to Fight It Out
Hostilities between Israel and Iran rumbled into a fourth day with little sign of an end to the fighting. Iran fired several waves of drones and missiles over the last 24 hours, while Israel continued hitting the Islamic Republic's capital, Tehran, killing another senior military official. Since Friday, 224 people have been killed in Iran, according to the government, which said most of the casualties were civilians. Iranian attacks have killed 23 people in Israel and injured more than 400.
US President Donald Trump raised the possibility of an agreement to end the conflict, but said the two sides may need to ' fight it out ' before they're ready for a deal. Israel has signaled it will not let up in its campaign to destroy Tehran's nuclear capabilities.
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Indianapolis Star
14 minutes ago
- Indianapolis Star
Here's what journalists in our network saw at Indiana 'No Kings' protests
Mass protests took place in cities across Indiana as part of the nationwide "No Kings" movement. The movement focuses on actions of President Donald Trump's administration that protesters believe are authoritarian and threaten democracy, including tariffs, immigration policy, spending cuts and reproductive rights. Here's a look at what happened around the state. Indy's protest was organized by the volunteer-led 50501 movement, which organizes peaceful national protests across all states on the same day. Amid Saturday's rain and humidity, which included a downpour in the afternoon, thousands of attendees flocked to the Indiana Statehouse. Police detained one protester during the event after a scuffle with a counter-protester over a pro-Trump flag. 'No Kings': Thousands attend rain-soaked Indianapolis Anti-Trump protest In Bloomington, protesters gathered on the Monroe County Courthouse square on Saturday afternoon. During the first two hours, there were no major incidents, according to Herald-Times reporting. Herald-Times staff reported that at 1:40 p.m., a vehicle stopped near the site of the protest. After talking with some protesters, the man got out of the car and smashed a window of his own car with a large stick. He got back into the car, according to journalists on the scene, and threw a backpack outside, causing protesters to back away. He exited the car again, and one protester restrained him until police officers arrived, according to the Herald-Times. According to South Bend Tribune reporting, the Michiana Alliance for Democracy organized a rally in the northern Indiana city. Saturday's event included a moment of silence for Minnesota Rep. Melissa Hortman and her husband, who were killed that morning in a shooting at their home. Minnesota state Sen. John Hoffman and his wife were also shot and wounded at their home. Thousands of demonstrators came out for a Tippecanoe County rally, not deterred by an incident at a previous rally in April, according to Lafayette Journal & Courier reports. At the April 4 "Hands Off" protest, bystanders said a man retrieved a gun after an altercation with a protester. Protesters at the June 14 event criticized their representatives with a chant that interchanged the names of U.S. Rep. Jim Baird and U.S. Sens. Todd Young and Jim Banks, according to the Journal & Courier. "What's Baird doing? Kissing the ring," protesters chanted. "What do we say? We have no king." Hundreds came out in the rain in Evansville, the Courier & Press reported, to protest outside the Winfield K. Denton Federal Building & U.S. Courthouse. Two advocacy groups, Indivisible Evansville and Evansville Resistance, organized the protest. In Muncie, activists gathered on the Fallen Heroes Bridge on Wheeling Avenue over the White River, the Star Press reported. Traffic was not blocked by the protest, according to a journalist on the scene, and motorists honked and interacted with protesters as they drove by.
CNN
18 minutes ago
- CNN
Visualizing Israeli airstrikes on Iran and retaliation in maps
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Yahoo
25 minutes ago
- Yahoo
Stock market today: Dow, S&P 500, Nasdaq rebound, oil slips as Israel-Iran conflict enters 4th day
US stocks rebounded on Monday as jitters over a widening in the Israel-Iran conflict started to retreat despite exchanges of missile strikes throughout the weekend and investors eyed this week's Fed policy meeting. The Dow Jones Industrial Average (^DJI) rose roughly 1%, while the S&P 500 (^GSPC) also moved up 1%. The Nasdaq Composite (^IXIC) gained 1.3%. The cautious optimism follows a bruising Friday session that saw the Dow plunge more than 700 points in a broad risk-off move. The geopolitical flare-up comes at a delicate moment for markets already buffeted by tariff insecurity. Friday's selloff dragged the major US indexes into negative territory for the week. Read more: The latest on Trump's tariffs Now investors are regaining some appetite for risk amid rising optimism that the conflict won't spill over into a broader regional crisis. President Trump said on Sunday there's a "good chance" of an Israel-Iran peace deal, but the hostilities may need to play out first. 'Sometimes they have to fight it out, but we're going to see what happens,' he told reporters. A measure of calm is also returning to the oil market, rattled by fears of disruption to the global energy supply. After spiking initially, prices pushed down nearly 2% to pull Brent crude (BZ=F) to just under $73 a barrel and WTI crude to below $72 a barrel. Meanwhile the 10-year Treasury yield rose to 4.42% while gold (GC=F) futures retreated from their recent rally. On the trade front, the EU is reportedly ready to accept US tariffs of 10% across all its exports — the baseline for Trump's "reciprocal" hikes — as the president puts pressure on trading partners to reach a deal. The offer is a bid to avert higher rates on cars, drugs, and electronics, Handelsblatt reported. Looking ahead, markets overwhelmingly expect the Fed to hold rates steady on Wednesday. While President Trump has maintained pressure on Chair Jerome Powell to cut rates, current market dynamics may leave little room to budge. Roku (ROKU) stock surged more than 10% on Monday after the streaming platform announced a partnership with Amazon (AMZN) Ads to create the "largest authenticated Connected TV (CTV) footprint' in the US. Roku and Amazon said in a joint statement that the deal will allow advertisers access to an estimated 80 million US CTV households—more than 80% of the total—through Amazon's demand-side platform (DSP). The companies said early tests of this integration have shown 'significant' results. 'Advertisers using this new solution reached 40% more unique viewers with the same budget and reduced how often the same person saw an ad by nearly 30%, enabling advertisers to benefit from three times more value from their ad spend,' said the statement. The major averages opened higher on Monday, while oil pulled back as the Israel-Iran conflict entered its fourth day. The Dow Jones Industrial Average (^DJI) gained about 0.5%, while the S&P 500 (^GSPC) moved up 0.6%. The tech-heavy Nasdaq Composite (^IXIC) rose 0.7%. Oil (CL=F), which rose sharply on Friday, pulled back as traders assessed the scope of the ongoing conflict between Israel and Iran. Investors are focusing this week on the Federal Reserve meeting and policy decision. Market participants overwhelmingly expect policymakers to hold interest rates steady on Wednesday. Strategy (MSTR), the largest corporate holder of bitcoin, reported in a filing to the Securities and Exchange Commission that it purchased $1.05 billion worth of bitcoin between June 9 and June 15. Strategy, which is chaired by crypto tycoon Michael Saylor, has spent $41.8 billion to purchase 592,000 bitcoins since 2020, holding the cryptocurrency as its primary treasury reserve asset. Shares of MSTR rose 1.4% in premarket trading. The stock is up roughly 3,000% since the software firm first bought bitcoin on Aug. 10, 2020. Northrop Grumman (NOC), RTX (RTX), and Lockheed Martin (LMT) traded roughly flat in premarket Monday after rallying in the prior trading session. The defense stocks had climbed Friday after Israel launched a series of airstrikes on Iran, raising tensions in the Middle East and heightening fears of a broader regional conflict. Northrop Grumman stock gained nearly 4%, while Lockheed Martin and RTX shares rose over 3%. The three companies supply weapons to Israel through contracts with the US government. Palantir (PLTR) rose a more modest 1.6% Friday but was up 2.2% before the market open Monday. Shares of Sarepta (SRPT) plunged 40% in premarket trading on Monday after the company said a second patient died of liver failure while taking its experimental gene therapy, Elevidys. Sarepta paused its clinical trial and halted shipments of the treatment to patients who are unable to walk. News of the death comes after another patient died of acute liver failure in March, which raised concerns over the drug's safety. The therapy is used to treat Duchenne muscular dystrophy, a rare muscle disorder. The focus at this week's Federal Reserve meeting is on whether policymakers are still committed to two interest-rate cuts this year, Yahoo Finance's Jennifer Schonberger reports: Read more here. Here are some of the biggest stories you may have missed over the weekend and early this morning: Economic data: Empire manufacturing activity (June) Earnings: No notable earnings. How many Fed cuts ahead? We (and Trump) are about to find out. EU set to accept flat 10% US tariff — with conditions Mideast tensions, Fed's 'dot plot': What to know this week Oil erases gain as Iran-Israel attacks spare critical flows Why Wall Street doesn't see Fed rate cuts coming anytime soon Investors shun long-term US bonds as rate-cut hopes fade Israel-Iran attacks enter 4th day with no deal in sight Here are some top stocks trending on Yahoo Finance in premarket trading: United States Steel Corporation (X) stock was up 5% before the bell on Monday after President Trump approved of Japan's Nippon Steel's take over of the company. Trump the gave the green light to the $14.9B bid for US Steel on Friday, removing a key hurdle in Nippon's 18-month pursuit of the business. Kering's ( Paris-listed shares rose 9% in premarket trading on Monday, after reports emerged that Renault's chief executive, Luca de Meo would become head of the French luxury goods group Gucci. Tesla (TSLA) stock was up 1% on Monday before the bell, rebounding from losses earlier in the Month due to CEO Elon Musk and President Trump's feud. Renault's ( stock dropped over 6% on news that its CEO Luca de Meo has decided to leave. The Italian who turned around the French automaker has been recruited by Kering (PPXB.F, PPRUF) to perform a similar feat at the luxury goods maker, according to Bloomberg. Shares of Kering rose almost 10% in Paris as investors welcomed the report that de Meo will be appointed as the Gucci owner's CEO in coming days. Bloomberg reports: Read more here. Greetings from Cannes Lions, where I am stationed for the week talking with top advertising execs, sports stars and CEOs. Tough assignment! I have found this event to be very useful each year in helping to understand the economy into year end. You would be surprised how forward-looking market spend trends are at the world's biggest companies. To that end, I just got off set with Disney's (DIS) president of global advertising Rita Ferro — one of the top names in the marketing industry. I asked her if a slowing US economy and general macro volatility were beginning to chip away at ad budgets. She wasn't super bullish about ad spending — more cautiously optimistic. Businesses are buying ads once they see they need them, rather than making large commitments on ad spend early, she suggested. "I think people are being very intentional where they spend money," Ferro tells me. "I would say they're [the data points she watches] not recessionary. We see much closer in buying." Gold prices rose as the conflict erupting between Israel and Iran pushed investors toward safe-haven assets in a broader risk-off move. Bloomberg reports: Read more here. Oil continues to gain as Israel and Iran enter the fourth consecutive day of missile strikes between the warring nations. Iran is the third largest oil producer in OPEC+ and controls the Strait of Hormuz, an essential supply route for oil worldwide. Bloomberg reports: Read more here. Roku (ROKU) stock surged more than 10% on Monday after the streaming platform announced a partnership with Amazon (AMZN) Ads to create the "largest authenticated Connected TV (CTV) footprint' in the US. Roku and Amazon said in a joint statement that the deal will allow advertisers access to an estimated 80 million US CTV households—more than 80% of the total—through Amazon's demand-side platform (DSP). The companies said early tests of this integration have shown 'significant' results. 'Advertisers using this new solution reached 40% more unique viewers with the same budget and reduced how often the same person saw an ad by nearly 30%, enabling advertisers to benefit from three times more value from their ad spend,' said the statement. The major averages opened higher on Monday, while oil pulled back as the Israel-Iran conflict entered its fourth day. The Dow Jones Industrial Average (^DJI) gained about 0.5%, while the S&P 500 (^GSPC) moved up 0.6%. The tech-heavy Nasdaq Composite (^IXIC) rose 0.7%. Oil (CL=F), which rose sharply on Friday, pulled back as traders assessed the scope of the ongoing conflict between Israel and Iran. Investors are focusing this week on the Federal Reserve meeting and policy decision. Market participants overwhelmingly expect policymakers to hold interest rates steady on Wednesday. Strategy (MSTR), the largest corporate holder of bitcoin, reported in a filing to the Securities and Exchange Commission that it purchased $1.05 billion worth of bitcoin between June 9 and June 15. Strategy, which is chaired by crypto tycoon Michael Saylor, has spent $41.8 billion to purchase 592,000 bitcoins since 2020, holding the cryptocurrency as its primary treasury reserve asset. Shares of MSTR rose 1.4% in premarket trading. The stock is up roughly 3,000% since the software firm first bought bitcoin on Aug. 10, 2020. Northrop Grumman (NOC), RTX (RTX), and Lockheed Martin (LMT) traded roughly flat in premarket Monday after rallying in the prior trading session. The defense stocks had climbed Friday after Israel launched a series of airstrikes on Iran, raising tensions in the Middle East and heightening fears of a broader regional conflict. Northrop Grumman stock gained nearly 4%, while Lockheed Martin and RTX shares rose over 3%. The three companies supply weapons to Israel through contracts with the US government. Palantir (PLTR) rose a more modest 1.6% Friday but was up 2.2% before the market open Monday. Shares of Sarepta (SRPT) plunged 40% in premarket trading on Monday after the company said a second patient died of liver failure while taking its experimental gene therapy, Elevidys. Sarepta paused its clinical trial and halted shipments of the treatment to patients who are unable to walk. News of the death comes after another patient died of acute liver failure in March, which raised concerns over the drug's safety. The therapy is used to treat Duchenne muscular dystrophy, a rare muscle disorder. The focus at this week's Federal Reserve meeting is on whether policymakers are still committed to two interest-rate cuts this year, Yahoo Finance's Jennifer Schonberger reports: Read more here. Here are some of the biggest stories you may have missed over the weekend and early this morning: Economic data: Empire manufacturing activity (June) Earnings: No notable earnings. How many Fed cuts ahead? We (and Trump) are about to find out. EU set to accept flat 10% US tariff — with conditions Mideast tensions, Fed's 'dot plot': What to know this week Oil erases gain as Iran-Israel attacks spare critical flows Why Wall Street doesn't see Fed rate cuts coming anytime soon Investors shun long-term US bonds as rate-cut hopes fade Israel-Iran attacks enter 4th day with no deal in sight Here are some top stocks trending on Yahoo Finance in premarket trading: United States Steel Corporation (X) stock was up 5% before the bell on Monday after President Trump approved of Japan's Nippon Steel's take over of the company. Trump the gave the green light to the $14.9B bid for US Steel on Friday, removing a key hurdle in Nippon's 18-month pursuit of the business. Kering's ( Paris-listed shares rose 9% in premarket trading on Monday, after reports emerged that Renault's chief executive, Luca de Meo would become head of the French luxury goods group Gucci. Tesla (TSLA) stock was up 1% on Monday before the bell, rebounding from losses earlier in the Month due to CEO Elon Musk and President Trump's feud. Renault's ( stock dropped over 6% on news that its CEO Luca de Meo has decided to leave. The Italian who turned around the French automaker has been recruited by Kering (PPXB.F, PPRUF) to perform a similar feat at the luxury goods maker, according to Bloomberg. Shares of Kering rose almost 10% in Paris as investors welcomed the report that de Meo will be appointed as the Gucci owner's CEO in coming days. Bloomberg reports: Read more here. Greetings from Cannes Lions, where I am stationed for the week talking with top advertising execs, sports stars and CEOs. Tough assignment! I have found this event to be very useful each year in helping to understand the economy into year end. You would be surprised how forward-looking market spend trends are at the world's biggest companies. To that end, I just got off set with Disney's (DIS) president of global advertising Rita Ferro — one of the top names in the marketing industry. I asked her if a slowing US economy and general macro volatility were beginning to chip away at ad budgets. She wasn't super bullish about ad spending — more cautiously optimistic. Businesses are buying ads once they see they need them, rather than making large commitments on ad spend early, she suggested. "I think people are being very intentional where they spend money," Ferro tells me. "I would say they're [the data points she watches] not recessionary. We see much closer in buying." Gold prices rose as the conflict erupting between Israel and Iran pushed investors toward safe-haven assets in a broader risk-off move. Bloomberg reports: Read more here. Oil continues to gain as Israel and Iran enter the fourth consecutive day of missile strikes between the warring nations. Iran is the third largest oil producer in OPEC+ and controls the Strait of Hormuz, an essential supply route for oil worldwide. Bloomberg reports: Read more here. Sign in to access your portfolio
