Corporate earnings forecasts for the second quarter were lowered so much that companies are easily beating them.Market Insiderread more
The central bank is not normally in the business of easing into an economy that is showing few signs of a recession, generally holding fire until more pronounced signs of a...The Fedread more
His case for gold comes as central banks get more aggressive with policies that devalue currencies and are about to cause a "paradigm shift" in investing.Marketsread more
Challenging conditions in the U.S. housing market, along with tighter currency controls by the Chinese government, cause a stunning drop in foreign demand for American homes.Real Estateread more
House Speaker Nancy Pelosi says she wants her chamber to vote on a debt ceiling and budget deal by July 26.Politicsread more
Philips has acquired a start-up that texts you about your poop. That's Medumo, a Boston-based company, which works with hospitals to guide their patients through common...Technologyread more
The "'Cadillac tax," set to go into effect in 2022, is unpopular with both Republicans and Democrats, who say it punishes the middle class.Health and Scienceread more
Federal Judge William Pauley wrote in a court filing made public Wednesday that materials related to a campaign finance probe of Cohen should be unsealed — and denied a...Politicsread more
The U.S. economy continued growing at a "modest" rate in recent weeks, with consumers continuing to spend and a "generally positive" outlook overall even in the face of...Economyread more
CSX said it expects revenue to fall as much as 2% in 2019, well below a previous forecast of an increase of 1% to 2%.Marketsread more
Facebook's head of Calibra David Marcus is grilled during a House Financial Services Committee hearing over the company's digital currency plans.Technologyread more
Iran called on Britain on Friday to immediately release an oil tanker that British Royal Marines seized last week on suspicion it was breaking European sanctions by taking oil to Syria, a foreign ministry spokesman told state news agency IRNA.
"This is a dangerous game and has consequences ... the legal pretexts for the capture are not valid ... the release of the tanker is in all countries' interest," the spokesman, Abbas Mousavi, said.
Iran has warned of reciprocal measures if the tanker is not released.
Britain said on Thursday that three Iranian vessels tried to block a British-owned tanker passing through the Strait of Hormuz, which controls the flow of Middle East oil to the world, but backed off when confronted by a Royal Navy warship.
Iran denied that its vessels had done any such thing.
Tension between Iran and the West has increased a week after Britain seized the tanker and London said the British Heritage, operated by oil company BP, had been approached in the strait between Iran and the Arabian peninsula.
Mousavi accused Britain of seizing the tanker under U.S. pressure. "Such illegal measures could increase tensions in the Persian Gulf," he told IRNA.
Britain is among European parties to Iran's 2015 nuclear deal with six major powers, which President Donald Trump pulled out of it last year, reimposing sanctions on Tehran.
Washington tightened sanctions from the start of May, ordering all countries and companies to halt imports of Iranian oil or be banished from the global financial system.
In retaliation to Washington's mounting pressure, Iran has decreased its commitments to the nuclear pact, in defiance of a warning by European countries.
The United States, Iran's longtime foe, blames Tehran for a series of attacks on shipping in the world's most important oil artery since mid-May, accusations Tehran rejects.
The capture of the Iranian tanker comes at a time of sharply increased U.S.-Iranian confrontation in recent weeks. Washington has also dispatched extra troops to the region to counter what it describes as Iranian threats.
"Foreign powers should leave the region because Iran and other regional countries are capable of securing the regional security," Mousavi said.
"...Iran has repeatedly expressed its readiness to hold talks with its neighbours to resolve disputes."