NEW YORK (AP) — Oil prices are rising, and stock markets are dropping worldwide Wednesday after President Donald Trump raised doubts about the temporary truce in the war with Iran. The S&P 500 fell 0.4% after Trump said the agreement to pause fighting was “over,” though he added that he would allow negotiations to continue. [...]
A Supreme Court ruling that presidents can fire independent regulators without cause has added volatility for industries that prefer stable enforcement.
Oil prices retreated and stocks rallied after President Trump called off plans for another day of strikes on Iran, saying that a peace deal could be within reach.
U.S. oil prices soared more than 10% on Thursday.
Trading of Japanese government bonds, long considered moribund, is roaring back to life as fears of the country’s debt have sent yields surging.
Two governors on the board, Stephen Miran and Christopher Waller, voted against keeping the rates steady, instead suggesting lowering rates by 0.25%.