Oil prices shoot up and US stocks decline as Hamas' attack on Israel rattles markets

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Israeli forces, dispatched to the border with Gaza in southern Israel, scan the area near Ashdod on October 8, 2023 as the battle against holdout Hamas fighters continues
Israeli forces, dispatched to the border with Gaza in southern Israel, scan the area near Ashdod on October 8, 2023 as the battle against holdout Hamas fighters continues

Gil Cohen-Magen/AFP via Getty Images

Be ready for the S&P 500 to crash by 50%, house prices to slide, and a recession to strike, Jeremy Grantham says. Here are the elite investor's 16 best quotes from a new interview.

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Jeremy Grantham.
Jeremy Grantham.

Alison Yin/AP Images for DivestInvest

At least $12 trillion in oil industry investments are needed to prevent a spike in energy prices, OPEC chief says

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Oil drilling
Oil drilling

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US gas prices soar to their highest seasonal level in a decade even as the summer driving season comes to a close

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US gas prices
US gas prices have hit the highest seasonal levels in a decade.

JOSEPH PREZIOSO/Getty Images

A key global oil price zoomed past $90 a barrel for the first time in 2023 — and analysts say it could keep inflation high

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wellhead oil pump
A key global oil price zoomed past $90 a barrel for the first time in 2023 — and analysts say it could keep inflation high.

Jeff W. Jarrett/Shutterstock

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