News

US President Trump: The Fed is terrible; it deliberately keeps interest rates too high.

US President Trump: The reason we attacked Iran was actually for defense, because we didn't want them to have weapons that could kill millions of people in one shot.

US President Trump: If Iran possesses nuclear weapons, we will launch a nuclear strike against the US West Coast because its leaders are "crazy."

According to Axios: U.S. officials say the Trump administration has nothing to do with the so-called restrictions on Starlink services.

According to NewsNation: US President Trump said he personally called the Emir of Qatar to request the loan or use of a Boeing 747 aircraft, which Qatar subsequently donated to the United States as the new "Air Force One".

Market news: Rocket Lab, a private U.S. aerospace company, has postponed the maiden flight of its Neutron rocket to 2027.

The U.S. Supreme Court has once again ruled in favor of the Republican Party in a dispute over eligibility for low-rate political advertising.

U.S. refined product imports for the week ending October 9 were 30,000 barrels per day, compared to a previous week's -380,000 barrels per day.

U.S. crude oil imports for the week ending October 9 were -1.091 million barrels, compared to 1.195 million barrels in the previous week.

U.S. heating oil inventories fell by 70,000 barrels in the week ending October 9, compared with a previous reading of 902,000 barrels.

U.S. crude oil inventories at Cushing, Oklahoma, for the week ending October 9 were 1.823 million barrels, compared to 866,000 barrels in the previous week.

U.S. API distillate fuel inventories for the week ending October 9 were down 1.458 million barrels, compared to an expected decrease of 2 million barrels and a previous increase of 461,000 barrels.

U.S. gasoline inventories for the week ending October 9 were 1.091 million barrels, compared to an expected decrease of 800,000 barrels and a previous decrease of 1.365 million barrels.

U.S. crude oil inventories for the week ending October 9 were -11.123 million barrels, compared to an expected 1.9 million barrels and a previous decrease of 2.09 million barrels.

The API reported that U.S. crude oil production increased by 118,000 barrels per day in the week ending October 9, compared with 92,000 barrels per day in the previous week.

Barclays: The merger between Tesla (TSLA.O) and SpaceX (SPCX.O) could be announced before December.

The Dow Jones Industrial Average closed down 47.96 points, or 0.09%, at 51,622.14 on Wednesday, October 14; the S&P 500 closed down 85.95 points, or 1.10%, at 7,719.50; and the Nasdaq Composite closed down 511.51 points, or 1.88%, at 26,692.87 on Wednesday, October 14.

U.S. Central Command: Over the past seven months, in addition to U.S. Navy warships, the Iranian Revolutionary Guard has continued to indiscriminately target thousands of civilian crew members passing through the region's waters.

According to CBS News, the Yemeni foreign minister has requested the United States to provide training and intelligence support to the government forces and coast guard. The Yemeni government is not currently seeking to initiate negotiations with the Houthi rebels.

Federal Reserve's Goolsby: He doesn't like revealing the Fed's intentions before meetings.