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World shares are mixed and oil prices surge after US strike on Iranian rocket launchers
Associated Press26d agobearish
World shares are mixed and oil prices surge after US strike on Iranian rocket launchers

Shares were mixed in Europe and Asia and U.S. futures declined Monday on expectations that the U.S. Federal Reserve may raise interest rates soon. Oil prices surged more than 3% after U.S. forces struck Iranian rocket launchers on the Strait of Hormuz, marking their first military action in a month. U.S. benchmark crude oil was trading 3.8% higher at $86.58 per barrel.

Jim Cramer Says Meta's $17 Billion Child Safety Settlement 'Could Have Been Disastrous,' Instead It's 'Barely Material to Earnings'
Benzinga26d agoneutral
Jim Cramer Says Meta's $17 Billion Child Safety Settlement 'Could Have Been Disastrous,' Instead It's 'Barely Material to Earnings'

CNBC host Jim Cramer said Meta Platforms Inc.‘s (NASDAQ:META) $17 billion child safety settlement will likely have a smaller financial impact than many investors expect, calling it “barely material” to the company’s earnings once spread over a decade. ‘It Could Have Been Disastrous’ Cramer said the settlement could end up being far smaller once spread over its full ten-year term, saying it is “not impactful” compared to what he originally feared. “It could have been disastrous,” he said in a pos

Aon Nears Roughly $17 Billion Deal for Insurance Brokerage USI
The Wall Street Journal27d agoneutral
Aon Nears Roughly $17 Billion Deal for Insurance Brokerage USI

Aon is near an agreement to buy insurance brokerage USI Insurance from private-equity firm KKR for roughly $17 billion, including debt, according to people familiar with the matter. USI, based in Valhalla, N.Y., is an insurance brokerage and consulting firm. KKR acquired USI from the private-equity firm Onex in 2017 alongside the Canadian investment firm CDPQ for $4.3 billion.

Meta’s Day of Reckoning
The Wall Street Journal27d agoneutral
Meta’s Day of Reckoning

Plus, gauging the effectiveness of school phone bans, how the fallen ‘Nostradamus of AI’ got to the top of tech, Nvidia wants to run the world’s robots and more.