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Oil Crashes 9% as Trump and Vance Blame Iran War for Midterm Rout

Source: OilPrice.com ·
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The Quick Take

Brent fell $8.94, or 8.6%, to $94.66 per barrel at 1:06 p.m. ET on Wednesday, after touching its lowest level since September 4, with traders pricing an end to the Iran war after the White House tied Tuesday’s midterm losses to the conflict. WTI dropped $8.01, or 8.3%, to $88.08. Brent traded near $118 on Friday. Trump told Fox News on Tuesday night that “I think it’s the gasoline price” when expl

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Billionaires aren’t off the hook for higher taxes, even if they did dodge California’s wealth tax

Silicon Valley spent big to kill California’s wealth tax — but incoming Democrats are eyeing a national fight.

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Fastly Non-GAAP EPS of $0.17 beats by $0.05, revenue of $190.1M beats by $2.3M

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Maravai LifeSciences Holdings Non-GAAP EPS of -$0.03 beats by $0.03, revenue of $45.9M beats by $2.34M

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Wolfspeed, Inc. GAAP EPS of -$2.61 misses by $0.36, revenue of $155M beats by $5M

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