Author: Daniel snow

U.S. crude oil futures rose on Wednesday, after the Iran-Israel ceasefire triggered a steep selloff earlier this week.U.S. West Texas Intermediate futures contracts rose 85 cents, or 0.85%, to close at $64.92 per barrel. Global benchmark Brent gained 54 cents, or 0.8%, to settle at $67.68 per barrel.Prices briefly jumped to five-month highs after the U.S. bombed three nuclear sites in Iran over the weekend. But futures rapidly sold off on Monday and Tuesday after Iran held back from targeting regional crude supplies, and President Donald Trump pushed Jerusalem and Tehran into a truce.”With the announcement of a ceasefire [Monday],…

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The price of bitcoin rose again on Wednesday, reaching above $108,000 at an intraday high, as investors looked past the recent tensions in the Middle East and the stock market hovered near an all-time record.But the trading in cryptocurrencies was uneven, with ether and solana both slipping modestly in afternoon trading.Washington, D.C., figured in a major way in the latest crypto headlines.Fed Chair Jerome Powell spoke about crypto in his testimony before the Senate Banking Committee on Wednesday morning, saying the stablecoin industry has matured significantly over the past few years, and increasingly become part of the mainstream financial landscape. The…

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U.S. Senate Minority Leader Chuck Schumer (D-NY) speaks at a press conference following the U.S. Senate Democrats’ weekly policy luncheon on Capitol Hill in Washington, D.C., U.S., June 10, 2025. Kent Nishimura | ReutersSenate Minority Leader Chuck Schumer, D-N.Y., was treated for dehydration at a Washington area hospital Wednesday, his office said.”Leader Schumer was at the Senate gym this morning and got lightheaded,” said a spokesperson for the 74-year-old Democratic Leader. “Out of an abundance of caution, he went to the hospital to be treated for dehydration and is now back at work in the Capitol. He wants to remind everyone…

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A Southwest Airlines Boeing 737 taxis at Ronald Reagan Washington National Airport on May 16, 2025 in Arlington, Virginia. Kevin Carter | Getty ImagesARLINGTON, Texas — Southwest Airlines is considering airport lounges, more premium seating and even long-haul international flights to win over high-spending customers, CEO Bob Jordan said Wednesday.”Whatever customers need in 2025, 2030, we won’t take any of that off the table. We’ll do it the Southwest way but we’re not going to say ‘We would never do that,'” Jordan said in an interview with CNBC at an airport industry conference. “We know we send customers to other airlines because…

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