BUSINESS

A screen displays a stock chart at a work station on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., April 6, 2022.

Stock Rebound Wobbles As Investors Zero In On Hawkish Fed

The rebound that saw U.S. stocks surge from last month's lows has started to falter, as investors factor in faster monetary policy tightening by the Federal Reserve, soaring inflation and ongoing geopolitical upheaval stemming from the war in Ukraine.
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A gas pump is seen hanging from the ceiling at a petrol station in Seoul June 27, 2011.

Oil Gains $1 As Emergency Oil Release Seen As Band-aid

International Energy Agency member countries agreed to release 60 million barrels on top of a 180 million-barrel release announced by the United States last week to help drive down prices in a tight market following Russia's invasion of Ukraine.

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