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Crude oil futures sell off, insurance stocks at risk amid hurricanes

Published

1 year ago

October 9, 2024

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Multiple hurricanes hitting the U.S. have sent shockwaves through the stock market.

Oil prices surged to nearly $81 per barrel amid growing concerns about supply disruptions due to escalating tensions in the Middle East and the aftermath of Hurricane Milton.

Israel’s possible strikes on Iranian oil facilities, along with Gulf of Mexico supply issues, have contributed to market volatility.

While prices have since cooled, the global oil market remains highly sensitive to geopolitical developments.

With oil prices up nearly 20% from September lows, market watchers are closely following the potential impacts on global growth and energy security.

As people prepare to weather Hurricane Milton, investors are also forecasting what the damage will be to the economy and markets.

For more, we’re joined by Greg Halter, the Director of Research at Carnegie Investment Counsel.

#IN AMERICA TODAY #trending #stockmarkets #HurricaneMilton #crudeoil

Related Topics:crudeoil HurricaneMilton in america today stockmarkets trending

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Australia unveils major super tax overhaul

Albanese government introduces 40% tax on super balances over $10M, enhancing support for low-income earners in retirement.

Published

16 hours ago

October 14, 2025

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Albanese government introduces 40% tax on super balances over $10M, enhancing support for low-income earners in retirement.

The Albanese government has announced sweeping superannuation reforms, introducing a 40% tax on balances over $10 million while boosting support for low-income earners to create a fairer, more sustainable retirement system.

#Superannuation #TaxReform #Australia #Finance #Retirement #Albanese #Economy #Wealth #Investment #MoneyMatters

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Bitcoin crashes after Trump’s China tariffs

Bitcoin plunges over 12% post-Trump tariffs, igniting massive crypto liquidation and shaking investor confidence. #CryptoCrash #Bitcoin #Markets

Published

16 hours ago

October 14, 2025

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Bitcoin plunges over 12% post-Trump tariffs, igniting massive crypto liquidation and shaking investor confidence.

Bitcoin’s historic rally has collapsed — plunging over 12% after Donald Trump’s new tariffs on China triggered the biggest crypto liquidation ever.

Experts warn the fallout could reshape global investor confidence and market regulation.

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Final Gaza hostages freed in historic deal

Last 20 Israeli hostages released from Gaza; Trump calls it a historic dawn for the Middle East’s future.

Published

16 hours ago

October 14, 2025

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Last 20 Israeli hostages released from Gaza; Trump calls it a historic dawn for the Middle East’s future.

The last 20 Israeli hostages have been released from Gaza after two years of war, with President Trump hailing it as “a historic dawn of a new Middle East.”

Erik Simon from the Simon Wiesenthal Center joins to discuss what this means for the region’s future.

#Trump #Israel #Gaza #Hostages #MiddleEast #Ceasefire #PeaceDeal #Netanyahu #WiesenthalCenter #WorldNews