Saturday's attack is the biggest on Saudi oil infrastructure since Saddam Hussein's invasion of Kuwait in 1990.Energyread more
"Blaming Iran won't end disaster. Accepting our April '15 proposal to end war & begin talks may," Zarif said on Twitter.Energyread more
Oil prices are expected to jump as much as $10 per barrel after a coordinated drone strike hit Saudi Arabia's largest oil field, forcing the kingdom to cut its oil output in...Marketsread more
Apple's new iPhones can still send texts, download apps, and make video calls, but the company spends a lot of time and effort marketing its new phones as powerful photography...Technologyread more
Some U.S. manufacturers say tariffs, if targeted, will help address longstanding unfair trade practices like intellectual property theft.Traderead more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
Supporters of a $15 minimum wage ballot initiative in Florida argue the state's inflation-tied pay hikes have not gone far enough.2020 Electionsread more
Saudi Arabia shut down half its oil production Saturday after drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's Houthi rebels.Politicsread more
Trusii's hydrogen water machines were supposed to help users with their health problems, but customers claim the company is involved in a giant scam.Technologyread more
The decoupling of the world's two weightiest economies seems as inescapable as its extent and global impact remains incalculable.Politicsread more
BlackBerry has reinvented itself to become a leader in securing mobile communications and in embedded communications. Next year it plans to roll out new products. CEO John...Evolveread more
(For a live blog on the U.S. stock market, click or type LIVE/ in a news window.)
* Futures up: Dow 0.33%, S&P 0.34%, Nasdaq 0.47%
June 7 (Reuters) - U.S. stock index futures rose on Friday, as hopes of an interest rate cut by the Federal Reserve continued to buoy sentiment ahead of a highly awaited jobs report.
Bets that the U.S. central bank would cut rates as soon as next month have helped the S&P 500 clock three straight sessions of gains and put the benchmark index on track for its first weekly gain since May 3.
Data due at 8:30 a.m. ET will likely show nonfarm payrolls rose by 185,000 jobs in May after surging 263,000 in the prior month, according to a Reuters survey of economists.
However, a strong employment report may do little to dial back expectations of an interest rate cut this year.
"We're in this perverse position where good economic data might not actually be good for the market," said Peter Kenny, founder, Kenny's Commentary LLC and Strategic Board Solutions LLC in New York.
"Now people are beginning to lean into this sense that accommodation by the Fed is the route to go."
Investors will also track talks between the United States and Mexico, a day after the three main indexes ended higher on a Bloomberg report that President Donald Trump could delay the tariffs he had threatened on Mexican goods.
At 7:01 a.m. ET, Dow e-minis were up 86 points, or 0.33%. S&P 500 e-minis were up 9.75 points, or 0.34% and Nasdaq 100 e-minis were up 34.5 points, or 0.47%.
Investors plowed a record $12.3 billion into investment-grade bond funds and ditched equities over the past week, according to a Bank of America Merrill Lynch report, as worries over trade and growth reinforced a run for safe-haven bets.
Tech-oriented equity funds lost $1.1 billion, their biggest weekly outflows this year, while funds focused on defensive sectors such as consumer, real estate and utilities all enjoyed inflows.
Among stocks, Beyond Meat Inc shares surged 23.5% in premarket trading after the maker of plant-based burgers and sausages said it expects to more than double its revenue and report breakeven EBITDA this year.
Another recent debutant Zoom Video Communications Inc jumped 13.1% after the video conferencing company forecast full-year revenue above estimates. (Reporting by Amy Caren Daniel and Sruthi Shankar in Bengaluru; Editing by Sriraj Kalluvila)