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Joe Biden called on President Donald Trump Friday to release the transcript of a call with a foreign leader that is the subject of a whistleblower complaint. Biden described...Politicsread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
U.S. stock index futures pointed to a higher open on Monday, as investors turned their attention to how the oil market was performing after Hurricane Harvey wreaked havoc in the U.S. over the weekend.
Dow Jones industrial average futures rose 18 points, while S&P 500 and Nasdaq 100 futures advanced 3.75 points and 10 points, respectively.
The oil market is expected to be a key talking point on the first trading day of the week, after Hurricane Harvey struck the state of Texas over the last few days, causing chaos for businesses and citizens. Several gas refineries had to temporarily shut down.
At 8:33 a.m. ET on Monday, oil prices were under pressure with U.S. crude sliding 1 percent to $47.41 per barrel. Gasoline prices rose sharply, with RBOB gas futures for September delivery advancing 3.5 percent to $1.7251 per gallon.
U.S. politics continues to keep investors on their toes. Wall Street will be looking to the White House for any reaction to recent news surrounding the U.S. President and for the administration's response to Hurricane Harvey.
On Sunday, the Washington Post reported that Donald Trump's company had been chasing a deal to build a Trump Tower in Moscow, while the Republican was running for president during late 2015 and early 2016. Meanwhile, Axios reported over the weekend that the U.S. incumbent has recently demanded action on China, when it comes to plans for tariffs.
Comments made at the 2017 Economic Policy Symposium last week in Jackson Hole are also expected to be at the back of investors' minds on Monday.
On Friday, European Central Bank President Mario Draghi said that while the global economic recovery appeared as if it was firming up, protectionist policies could pose a "serious risk" to growth.