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CNBC’s Jim Cramer outlined his strategy for the week ahead, warning that unrelenting oil prices linked to the Iran war continue to weigh on stocks and could signal further downside.”It’s been another terrible week. It’s been four weeks since the war started, and it’s pretty bad,” Cramer said Friday on “Mad Money.” He added: “The history of oil shocks is littered with bear markets, 20% drawdowns to raise money.”Stocks ended lower on Friday, with the Nasdaq down 2.15%, the Dow Jones Industrial Average down 1.73% and the S&P 500 down 1.67%, leading to a fifth consecutive week of declines.Because disputes…
President Donald Trump has warned that the war with Iran is “not over” and that the United States still has thousands of targets left to attack. At least 10 U.S. military personnel have been injured in an Iranian attack on Saudi Arabia’s Prince Sultan Air Base. Israel says it has targeted two Iranian nuclear facilities, and at least 20 people have been killed in a joint U.S.-Israeli attack in western Iran. At least one person was killed and four others were slightly injured in a cluster munitions attack in Israel. Here’s what you need to know on day 29 of…
Kimi Antonelli continued the momentum from his first F1 win from China at the Japanese Grand Prix, outperforming Mercedes teammate George Russell in the final practice session before qualifying at Suzuka.After McLaren stole the show on Friday with Oscar Piastri topping the timesheets, championship leaders Mercedes reasserted their expected dominance of the field on Saturday morning, but this time to a commanding level. It was Antonelli, rather than early points leader Russell, who was once again the fastest of the two Silver Arrows, and the 19-year-old’s impressive benchmark time of 1 minute 29.362 seconds was enough to take him 0.254…
Thousands of US ground troops are reportedly heading to the Middle East, raising speculation that they will be assigned to occupy Iran’s Kharg Island, a key fuel hub in the northern Persian Gulf that is responsible for 90% of Iran’s oil exports. But Kharg is just one of dozens of Iranian islands in the Gulf, and other islands may be more important to ensuring safe passage of ships and naval vessels through the Strait of Hormuz. Seven of these islands – Abu Musa, Greater Tunbu, Lesser Tunbu, Hengham, Qeshm, Larak, and Hormuz – form what researchers at Sun Yat-sen University…
A version of this article first appeared in CNBC’s Inside Wealth newsletter by Robert Frank, a weekly guide for high-net-worth investors and consumers. Sign up to receive future editions directly to your inbox.Major luxury goods stocks have fallen more than 15% since the start of the Iran war, and sales in the increasingly important Middle East market could be halved, analysts said.shares of LVMH and hermes They are down about 16% and 20%, respectively, this month. S&P500 The decline was less than 6%. shares of ferrari Sales have also fallen by 15%, and the company announced it will temporarily suspend…
Saturday, October 11, 2025, Bank of America branch in New York, USA. Michael Nagle | Bloomberg | Getty Imagesbank of america The bank has agreed to pay $72.5 million to victims accused of aiding and abetting notorious sex offender Jeffrey Epstein’s sex trafficking, a New York federal court filing revealed Friday evening.The settlement, in which BoA denied wrongdoing, is the fourth settlement by a major bank of legal claims brought by Epstein’s victims and government agencies alleging that Epstein effectively aided and abetted human trafficking while he was a client. The settlement with BoA must be approved by a judge…
Saturday’s newspaper top news and transfer rumors…premier leagueAdam Wharton is set to leave Crystal Palace this summer. Manchester United target believes he is ready to take the next step and wants to join the Champions League club – The Sun Tottenham Hotspur will consider turning to Sean Dyche to save the club from relegation if first-choice Roberto De Zerbi continues to insist he only take over at the end of the season, says The Telegraph Use Chrome Browser for a more accessible video player Tim Sherwood has described Spurs’ current situation as “daunting”, saying they are in serious danger of…
Higher oil prices tend to push up food prices, but that doesn’t mean shoppers need to rush to stock up, economists say.Brent crude used to trade near $60 a barrel but has soared to more than $100 a barrel in recent weeks as the Iran conflict disrupts the flow of oil through the Strait of Hormuz, through which about a fifth of the world’s oil is transported. Rising oil prices could raise costs across the food supply chain, from fuel used in agriculture and fertilizer production to transportation and refrigeration, according to the St. Louis Fed.Many consumers are already responding,…
In the snowy, quiet town of Kumamoto, a few dozen Japanese office workers in safety helmets and sneakers crouched low in office chairs, eyes fixed on the starting line, ready to take off. The horn sounds and they take off, using all the muscles in their legs to kick the ground and move backwards. Every time a rider zips through the streets or takes a sharp corner, people cheer in the background. This is office chair racing, a growing sport in Japan where teams of three compete to complete as many laps of a 20km or more circuit as possible…
In Round 6 of the Super League, Hull KR defeated St Helens Sewell 52-10 as Sewell Group Craven Park, scoring nine tries.As the 30th anniversary part of Super League continues, Hull KR got back to winning ways in some style and marked it by outscoring St Helens on every front. With St Helens crumbling in the first half, Hull KR ran riot and took the lead with doubles from Mikey Lewis and Joe Burgess, as well as a try from Jez Ritten. Lewis added another point with four of five tries and a penalty conversion, giving the home side an…