Here's what typically happens to the financial markets following major Middle East crisis events
Stocks and oil prices tend to perform well in the months following a Middle East crisis.
Stocks and oil prices tend to perform well in the months following a Middle East crisis.
Geopolitics is back in the driving seat. The U.S. killing of a top Iranian commander has doused the nascent New Year rally and delivered a $3 boost for oil prices on fears that any violent retaliation from Tehran would disrupt energy supplies.
The U.S. manufacturing sector contracted in December by the most in more than a decade with order volumes crashing to near an 11-year low and factory employment falling for a fifth straight month, according to an industry report released on Friday.
Tesla Inc beat Wall Street estimates for annual vehicle deliveries and met the low-end of its own target, sending shares to a record high in a vindication for Chief Executive Elon Musk after a few turbulent years.
Exxon Mobil Corp expects a gain of as much as $3.6 billion from the sale of its Norwegian oil and gas production assets to significantly lift results for the fourth quarter, according to a regulatory filing on Friday.
Axon Enterprise Inc on Friday sued the U.S. Federal Trade Commission in a bid to have potential antitrust litigation heard in a federal district court and not in an internal FTC process, which it alleges is biased toward regulators.
Exxon Mobil Corp expects a gain of $3.4 billion to $3.6 billion from the sale of its Norwegian oil and gas production assets to significantly lift results for the fourth quarter, according to a regulatory filing on Friday.
U.S. stocks fell about 1% at the open on Friday as investors moved away from riskier assets after a U.S. air strike in Iraq killed a top Iranian commander, sharply escalating geopolitical tensions in the Middle East.
Fiat Chrysler Automobiles NV reported a 2% fall in U.S. auto sales in the fourth quarter, hurt by lower sales of its Jeep sport utility vehicles and Dodge crossover SUVs and minivans.
"I would not be excited about jumping in here because ... we're not giving up enough," CNBC's Jim Cramer said.
U.S. stock index futures shed about 1% on Friday after a U.S. air strike in Iraq killed a top Iranian commander, sharply escalating geopolitical tensions in the Middle East and denting risk appetite.
Despite being one of the world's most-recognizable executives, former Nissan chairman Carlos Ghosn probably embarked onto a private jet from a quiet lounge in Japan's third-largest airport on his astonishing escape from a fraud trial.
Tesla Inc beat Wall Street estimates for vehicle deliveries in its fourth quarter on Friday and met the low-end of its full-year delivery goal, boosted by higher demand for its mass-produced Model 3 sedans.
Axon Enterprise Inc on Friday sued the U.S. Federal Trade Commission in a bid to have potential antitrust litigation heard in a federal district court and not in an internal FTC process that it alleges is biased toward regulators.
U.S. stock index futures shed over 1% on Friday after a U.S. air strike in Iraq killed a top Iranian commander, sharply escalating geopolitical tensions in the Middle East and denting risk appetite.