Dr. Doom sounds more like Dr. Boom these days, but Nouriel Roubini still sees plenty of risks looming over the US economy. The economist, who’s often referred to as “Dr. Doom” for his bombastic and frequently bearish predictions in markets, laid out his top fears about the macro environment speaking to Bloomberg this week. Roubini,
The Dow closed at a record on Monday, with stocks rallying and crude prices tumbling to start the month. Major indexes were sharply higher after the Donald Trump said he called off an attack on Iran and that peace talks were set to resume. The rally picked up steam as oil prices tumbled, with the
Oil prices have risen more than 30% over the past month to surpass $100 a barrel, as renewed fighting between the United States and Iran in the Middle East threatens global energy supplies. The attacks in the Red Sea also add to the disruption in the Strait of Hormuz, putting two key oil shipping routes
Oil prices surged after President Trump spoke about the war in Iran on Wednesday night, fueling a sharp reversal in the relief rally seen earlier in the week. Loading audio narration… WTI crude gained as much as 14%, while Brent climbed 8% at intraday highs. Both are trading around $110 per barrel. In stocks, all