#northsea

@TheBadPlace@mastodon.ozioso.online · 4d ago

Sweden Herald - Latest Sweden News | Inflation and oil prices pressure Wall Street by Sweden Herald AI generated summary, Read the full article for complete information. High inflation and rising oil prices dragged on Wall Street on Tuesday, as U.S. consumer prices jumped to a 3.8 % annual rate in April—the highest level since May 2023—diminishing expectations of a Federal Reserve rate cut in June. Investors also took profits, especially in AI‑related tech stocks, pushing those shares lower, while North Sea crude surged 3.4 % to $107.70 a barrel amid an unresolved Iran conflict. The broader market reflected the pressure, with the S&P 500 slipping 0.2 % and the Nasdaq falling 0.7 %, even as the Dow Jones Industrial Average managed a modest 0.1 % gain. Read more: https://swedenherald.com/article/inflation-and-oil-prices-pressure-wall-street #WallStreet #NYSE #FederalReserve #SP500 #Nasdaq #DowJones #NorthSea #US #Iran #businessnews

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In reply to

Richard Michael Blaber

@rmblaber1956@mastodon.social · May 05, 2026

@Snoro@mastodon.social This is NOT good #news! It is totally irresponsible, & the very last thing that #Norway should be doing with its #wealth #fund, which was derived from #oil & #gas from the #NorthSea in the first place.

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