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Oil prices settle near 4-week high as Middle East crisis escalates

Oil prices settle near 4-week high as Middle East crisis escalates

By Arathy Somasekhar HOUSTON, Aug 19 (Reuters) - Crude oil prices rose on Wednesday and settled at the highest in nearly four weeks, as investors worried about escalating tensions in the Middle East after the United Arab Emirates decided to suspend all financial and economic transactions with Iran,
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Cantor launches prediction market trading for institutional investors

Cantor launches prediction market trading for institutional investors

Aug 19 (Reuters) - Cantor Fitzgerald has launched prediction market trading for institutional investors, allowing clients to trade event contracts on regulated exchange Kalshi, the investment bank said on Wednesday.
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Multistate salmonella infections climb to 431, US CDC says

Multistate salmonella infections climb to 431, US CDC says

Aug 19 (Reuters) - The U.S. Centers for Disease Control and Prevention said on Wednesday that a salmonella outbreak linked to jalapeno peppers has infected 431 people across 32 states, up from 345 cases in 27 states reported earlier this month.
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Oil hovers near three-week high on uncertainty over Hormuz

Oil hovers near three-week high on uncertainty over Hormuz

By Anushree Mukherjee Aug 19 (Reuters) - Oil prices trimmed gains but  kept near a three-week high hit earlier on Wednesday on uncertainty over shipping through the Strait of Hormuz and other ongoing supply disruptions in the market.
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Mexico's Braskem Idesa files for bankruptcy in US, firm discusses similar path in Brazil

Mexico's Braskem Idesa files for bankruptcy in US, firm discusses similar path in Brazil

By Anusha Shah and Luciana Magalhaes Aug 18 (Reuters) - Mexican petrochemical firm Braskem Idesa, a joint venture of Brazil's Braskem and Mexico's Grupo Idesa, filed for Chapter 11 bankruptcy in the U.S. on Tuesday after reaching agreements with creditors and shareholders to cut debt by more than $
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US stocks set for lower open as Iran stalemate lifts oil, yields

US stocks set for lower open as Iran stalemate lifts oil, yields

By Shashwat Chauhan and Purvi Agarwal Aug 18 (Reuters) - U.S. stocks were set to open lower on Tuesday, as diminishing prospects for a peace deal between the United States and Iran kept oil prices elevated and government bond yields at multi-year peaks.
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US stock futures fall as fading Iran peace prospects drive up oil, yields

US stock futures fall as fading Iran peace prospects drive up oil, yields

By Shashwat Chauhan and Purvi Agarwal Aug 18 (Reuters) - Futures tied to the S&P 500 and Nasdaq slipped on Tuesday, with oil holding near recent highs and government bond yields hitting multi-year peaks as chances of a peace deal between the U.S. and Iran waned, rekindling inflation concerns.
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Tech stocks weigh on Wall Street as Iran stalemate lifts oil, yields

Tech stocks weigh on Wall Street as Iran stalemate lifts oil, yields

By Shashwat Chauhan and Purvi Agarwal Aug 18 (Reuters) - Wall Street's main indexes fell to about two-week lows on Tuesday, pressured by losses in heavyweight technology stocks, while fading hopes for a U.S.-Iran peace deal sustained gains in oil prices and kept government bond yields at multi-year
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US stock futures drop as fading Iran peace hopes lift oil, bond yields

US stock futures drop as fading Iran peace hopes lift oil, bond yields

Aug 18 (Reuters) - U.S. stock index futures slipped on Tuesday, with oil holding near recent highs and government bond yields hitting multi-year peaks as chances of a peace deal between the U.S. and Iran waned, rekindling inflation concerns.
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Tech selloff pulls Wall Street to two-week lows as oil and yields climb

Tech selloff pulls Wall Street to two-week lows as oil and yields climb

By Shashwat Chauhan and Purvi Agarwal Aug 18 (Reuters) - Wall Street's main indexes hit their lowest in two weeks on Tuesday, pressured by losses in heavyweight technology stocks, while fading hopes for a U.S.-Iran peace deal sustained gains in oil prices and kept government bond yields at multi-
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Home Depot rides steady repair demand as housing market remains subdued

Home Depot rides steady repair demand as housing market remains subdued

By Angela Christy M Aug 18 (Reuters) - Home Depot beat Wall Street estimates for second-quarter sales and profit on Tuesday, as strong demand from customers for repair and maintenance helped offset sluggish spending on big-ticket projects such as kitchen renovations.
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Kalshi files for stock index perpetuals in challenge to traditional exchanges

Kalshi files for stock index perpetuals in challenge to traditional exchanges

(Corrects headline to say the filing is for perpetual futures related to a stock index, not the S&P 500; removes reference to S&P 500 from paragraph 1) Aug 18 (Reuters) - Prediction market startup Kalshi filed with the U.S.