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  • News
    Bloomberg

    Oil Erases Advance After Iranian Media Downplays Israel’s Attack

    (Bloomberg) -- Oil wiped out an earlier sharp jump as Iranian media appeared to downplay the impact of Israeli strikes that followed last weekend’s unprecedented bombardment by Tehran.Most Read from BloombergElon Wants His Money BackDubai Grinds to Standstill as Flooding Hits CityIsrael Launches Retaliatory Strike on Iran, US Officials SayRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingThese Are the World’s Best Airports in 2024Brent crude traded little changed near $87 a barrel

  • Business
    Bloomberg

    BofA Strategists Say Rates Jitters Are Fueling Stock Outflows

    (Bloomberg) -- Investors are pulling money out of equities as a strong US economy and sticky inflation fuel concerns that the Federal Reserve will keep interest rates higher for longer, according to Bank of America Corp. strategists.Most Read from BloombergElon Wants His Money BackDubai Grinds to Standstill as Flooding Hits CityIsrael Launches Retaliatory Strike on Iran, US Officials SayRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingThese Are the World’s Best Airports in 2024A

  • Business
    The Canadian Press

    Japanese doctors demand damages from Google over "groundless" reviews

    TOKYO (AP) — A group of Japanese doctors has filed a civil lawsuit against U.S. search giant Google, demanding damages for what they claim are unpoliced derogatory and often false comments. The lawsuit, filed Thursday in Tokyo District Court, demands 1.4 million yen ($9,400) in damages for 63 medical professionals. Google said in an emailed statement Friday that it is working “24 hours a day” to reduce misleading or false information on its platform, combining human and technological resources “

  • Business
    The Canadian Press

    Stock market today: World stocks retreat as Middle East tensions flare

    HONG KONG (AP) — European markets opened lower and Asian stocks tumbled Friday, with Japan’s Nikkei slumping 2.7% on heavy selling of semiconductor-related shares and other market heavyweights. Tensions in the Middle East were weighing on sentiment, with the future for the S&P 500 down 0.6% and that for the Dow Jones Industrial Average falling 0.5%. Oil prices jumped early Friday after the state-run IRNA news agency reported that Iran fired air defense batteries early Friday morning and there we