U.S. oil futures climbed back above $70 a barrel in late trading after the U.S. launched a fresh attack on Iran a day after Tehran struck a ship in the Strait of Hormuz.

FOX Business reports Iran's Islamic Revolutionary Guard Corps attacked a Singapore-flagged cargo ship with a drone in the Strait of Hormuz. Crude oil and Brent crude prices jumped.

The latest incident has amplified worries that the shipping disruptions that upended global trade for months are not over.

Oil prices turned around and rose Thursday, hitting their session highs in late-day trading after Iran attacked a vessel on the Strait of Hormuz.

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'

In 2005, Jamie Dimon was taking over as chief executive officer of JPMorgan Chase when he lured a Goldman Sachs foreign-exchange derivatives trader to join him. Troy Rohrbaugh turned into a lucrative hire.

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 finished nearly flat and slipped less than 0.1% to close out just its second losing week in the last 13. The Dow Jones Industrial Average dipped 44 points, or 0.1%, and the Nasdaq composite fell 0.

AI stocks are veering back down the roller coaster and pulling Wall Street behind them. The S&P 500 fell 0.6% early Friday and is heading for just its second losing week in the last 13. The Nasdaq composite,

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

What you need to know about new changes to social security benefit payments

Understanding the minimum Social Security benefit for 2026 could help retirees make better financial decisions before claiming their monthly payments.

July Social Security checks are set to go out to recipients on a regular schedule next month, even with the Fourth of July holiday. The Social Security Administration pays its benefits on Wednesdays.

The data is pretty clear on when you should claim Social Security benefits, but most people don't follow the guidance.

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.