Zoom In IconArrows pointing outwardsFlight map of the Middle East after Israel airstrikes on Iran at 12:25 UTC on June 13th, 2025. FlightRadar24Airlines around the world canceled flights to Israel and were skirting a large swath of airspace in the Middle East on Friday after Israel’s overnight missile strike on Iran. Iran later launched drones toward Israeli territory.Delta Air Lines and United Airlines canceled service to Tel Aviv, Israel, through at least Saturday. Both carriers’ Tel Aviv-bound flights turned around over the Atlantic Ocean to return to the New York area after Israel’s strikes.Israeli airline El Al has indefinitely suspended…
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Stocks making the biggest movesCarnival Adventure arrives into Sydney Harbour in Sydney, Australia, on March 28, 2025.Matt Blyth | Getty ImagesWe’re around halfway through the final session of the week, and the pan-European Stoxx 600 is still down by around 0.9%.Every sector barring oil and gas remains in the red, with travel and leisure stocks leading losses on a 2.6% decline.Major bourses are all firmly in negative territory, with Germany’s DAX taking the biggest hit with a 1.5% fall.Looking at individual stocks, British Airways owner IAG has shed 4.8% to tumble toward the bottom of the Stoxx 600 index, while…
Director of the Office of Management and Budget (OMB) Russell Vought attends a cabinet meeting at the White House in Washington, D.C., U.S., April 10, 2025. Nathan Howard | ReutersThe Federal Reserve’s inspector general is reviewing the Trump administration’s attempts to lay off nearly all Consumer Financial Protection Bureau employees and cancel the agency’s contracts, CNBC has learned.The inspector general’s office told Sen. Elizabeth Warren, D-Mass., and Sen. Andy Kim, D-N.J., that it was taking up their request to investigate the moves of the consumer agency’s new leadership, according to a June 6 letter seen by CNBC.”We had already initiated…
Shares of GE Vernova may have peaked — at least for now, according to Wolfe Research. The investment firm downgraded the energy stock to a peer perform rating from outperform. Analyst Nigel Coe also removed his price target of $496 on the stock. Shares of GE Vernova have surged 48% this year. GEV YTD mountain GEV YTD chart Coe wrote that he still remains bullish on the company, and attributed his downgrade to GE Vernova’s massive year-to-date gain. “This decision comes on the back of significant YTD outperformance that has led to a much more challenging valuation set up on…
Check out the companies making headlines in premarket trading. Oil stocks — Energy stocks climbed in premarket trading amid a jump in oil prices after Israel launched airstrikes against Iran without U.S. support, drawing concerns over the supply outlook from the oil-rich Persian Gulf. Chevron and Exxon Mobil rallied about 3% each, while ConocoPhillips jumped more than 4%. EOG Resources gained more than 3%. Gold stocks — Stocks tied to gold advanced as investors flocked to the perceived safe haven amid the geopolitical escalation. Newmont and SSR Mining both rose more than 1%, as did the VanEck Gold Miners ETF…
President Donald Trump looks on during a National Economic Council meeting in the Oval Office at the White House March 24, 2017 in Washington, DC.Getty ImagesU.S. President Donald Trump on Friday morning urged Tehran to reach a nuclear deal “before there is nothing left,” hours after Israel launched a wave of airstrikes against Iran.The Jewish state says its offensive targeted Tehran’s nuclear program. Close Israeli ally and weapons supplier Washington says it was briefed on the hostilities but did not participate.Iranian media reported the airstrikes hit Tehran and Natanz, which houses a key nuclear facility. As of Friday morning, the…
People look over damage to buildings in Nobonyad Square following Israeli airstrikes on June 13, 2025 in Tehran, Iran.Majid Saeedi | Getty Images News | Getty ImagesWorld leaders are calling for restraint after Israel launched a series of airstrikes on Iran early Friday morning, in an escalation of regional tensions.Israel has said that the strikes were targeting Iran’s nuclear program. Leading nuclear scientists and high-ranking military officials were killed in the strikes, according to Iranian media.While the U.S. did not partake in the strikes, President Donald Trump was briefed on them beforehand.”We are not involved in strikes against Iran and our top priority…
Tankers depicted in the Strait of Hormuz — a strategically important waterway which separates Iran, Oman and the United Arab Emirates.ATTA KENARE | AFP | Getty ImagesAs tensions surge following Israeli strikes on Iran, fears have resurfaced that the Tehran could retaliate by targeting one of the world’s most vital oil arteries — the Strait of Hormuz. The Strait of Hormuz, which connects the Persian Gulf to the Arabian Sea, sees roughly 20 million barrels per day of oil and oil products pass through, accounting for nearly one-fifth of global oil shipments. Any move to block it would ripple through energy…
Newell Brands ‘ tariff-hedging advantages gives it a leg up over its peers, according to JPMorgan. The bank upgraded shares of the consumer and commercial goods manufacturer to an overweight rating from neutral. Simultaneously, analyst Andrea Teixeira raised her price target to $7 per share from $6. Newell, which owns brands such as Rubbermaid, Paper Mate, Sharpie, Elmer’s, Yankee Candle and Crock-Pot, has stumbled 45% so far this year. However, Teixeira’s revised forecast implies an upside of 29% from the stock’s Thursday closing price of $5.43. NWL YTD mountain NWL YTD chart One reason for the upgrade comes from a…
Musician Jimmy Buffett performs onstage at Jimmy Buffett & Friends: Live from the Gulf Coast, a concert presented by CMT at on the beach on July 11, 2010 in Gulf Shores, Alabama.Rick Diamond | Getty Images Entertainment | Getty ImagesA court battle over the late-singer Jimmy Buffett’s $275 million estate has highlighted the growing litigation over the trillions of dollars in wealth being passed down to spouses and families, experts said.Jimmy Buffett’s widow, Jane Buffett, filed a petition last week in a Los Angeles court to remove her co-trustee, Richard Mozenter, from the marital trust created to support her after…
