Tech stocks shed more than $1 trillion in value Friday, as the price of oil soared to its highest levels in five months.

Two inflation reports this week set the stage for a rate hike potentially sooner than previously expected.

Businesses were hit by inflation last month at levels not seen since late 2022.

Prices rose across broad swaths of the economy in September, as high energy costs triggered by the Iran war pushed up costs in many major consumer categories.

Oil and gas prices rose Monday after an “energy ceasefire” announced by President Donald Trump Sunday failed to gain any traction.

Starbucks said that it would not be moving to buy Chipotle Mexican Grill, after a report days earlier said the coffee house chain had evaluated the prospect.

President Donald Trump said Russian President Vladimir Putin would “immediately” release hundreds of thousands of tons of diesel fuel onto the global market.

Elon Musk’s plan for SpaceX to become a major mobile carrier sent shares of AT&T, Verizon and T-Mobile plunging and wiped out over $50 billion before lunch.

President Donald Trump established a committee to investigate Fed governor Lisa Cook, in his latest attempt to fire her.

A tie-up would reunite Starbucks CEO Brian Niccol with the company he led before he took the helm at the coffee giant.

Stocks fell as yields rose and investors bet that corporate borrowing would get more expensive.

“We do not expect most reputable diesel retailers and fuel marketers to do this,” said several industry groups. “There’s limited upside.”

© Clayton Steward

The S&P 500 hit a record high, supported by rising technology stocks, declining oil prices and hopes for a positive earnings season.

© Josh Edelson

© Dina Khrennikova

Trump signed an executive order intended to help bring down sky-high diesel prices by allowing anyone to purchase tax-exempt “red dye” diesel.

Group of Seven countries agreed to release tens of millions of barrels of diesel fuel and crude to cap soaring gas prices.

The U.S. labor market slowed during the month of September, according to new data Friday from the Bureau of Labor Statistics.

The Trump administration asked European allies to release diesel from their emergency stockpiles to increase global supplies and tamp down on soaring prices.

© Michael Nagle

Mortgage rates are at their highest point in nearly three years as turmoil in the bond market continues.

The deal brings together the likes of CBS News and CNN, HBO Max and Paramount+, and storied film studios Warner Bros. and Paramount Pictures.

Stocks fell Monday alongside a jump in bond yields and erratic oil trading as geopolitical upheaval remained front and center for traders.

Tech stocks surged Monday, with the Nasdaq 100 recording its single best day since early August as a wave of euphoria swept over the markets.

The United States has proposed a new AI safety notification mechanism for President Donald Trump and Chinese leader Xi Jinping to consider at their summit in Washington this week, Treasury Secretary Scott Bessent said Sunday.

Wall Street expects the Fed to hike rates Wednesday. The president wants a rate cut.

A rally in software and cybersecurity stocks propelled indexes off their worst levels of the day.

The price of oil jumped Monday after Saudi Arabia shut a critical pipeline and talks about the future of the Strait of Hormuz were postponed.