U.S. crude oil also jumped for a second straight day, rising more than 5% to almost $92 per barrel — its highest level since June 11. The new surge in prices comes after Tehran-

Oil prices hit their highest in nearly two months on Thursday, rising for a fifth day after Yemen’s Houthis said they struck two Saudi oil tankers, widening disruption to global oil shipping through both the Red Sea and the Strait of Hormuz.

The Houthis claimed to have attacked two ships in the Red Sea, and Iran said a third caught fire near the Strait of Hormuz.

Oil prices rose to a near six-week high on Wednesday on mounting concerns about disruptions to Middle Eastern supply routes.

Alphabet stock slid 4.7% in after-hours trading following the company’s disclosure in its mostly rosy second-quarter earnings report that its free cash flow had turned negative. The Google parent cont

Alphabet reported revenue of $119.8 billion for the second quarter, up 24% from a year ago, and ahead of the FactSet consensus for $117.1 billion. The company reported earnings of $9.11 per share, which also topped estimates for $2.

Alphabet reported blowout earnings results late Wednesday, but the stock is dropping after the search giant again raised its forecast for capital expenditures. The Google-parent reported second-quarter adjusted earnings of $9.

Alphabet posted second-quarter earnings after the close of trading on Wednesday. Capital spending doubled relative to a year before, and the company lifted its full-year forecast on the metric.

UniCredit SpA and Commerzbank AG are poised to reboot talks as the Italian bank’s proposed takeover of the rival is becoming increasingly likely, according to people familiar with the matter.

UniCredit raised its profit targets for this year and beyond, though net profit for the second quarter was hurt by a one-off hit tied to its offer for Commerzbank.

UniCredit wants talks with the German government ​and Commerzbank workers' representatives after securing 48% of the German lender, CEO ‌Andrea Orcel said after the Italian bank posted strong results and raised profit guidance.

UniCredit SpA said it will likely assume control over Commerzbank AG soon as Chief Executive Officer Andrea Orcel moves to complete one of Europe’s largest bank deals ever.

(NOW) on Wednesday reported second-quarter earnings of $298 million. The Santa Clara, California-based company said it had profit of 29 cents per share. Earnings, adjusted for one-time gains and costs,

Artificial intelligence threatens to hurt many kinds of enterprise software, especially those like ServiceNow that bill by the user.

Key Points Interested in ServiceNow, Inc.? Here are five stocks we like better. ServiceNow beat Q2 expectations with subscription revenue up 23% in constant currency, cRPO up 21.5%, and a non-GAAP operating margin of 29.

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JPMorgan just posted the biggest quarterly profit ever by a U.S. bank, but Jamie Dimon says investors shouldn't expect this level of performance to last.

JPMorgan CEO Jamie Dimon says he wouldn't buy stocks or long-dated Treasurys at current prices, warning markets are underpricing geopolitical and fiscal risks.

JPMorgan Chase common stock trades at ~3x tangible book, with preferred shares offering a 6% yield. Learn why JPM.PR.D stock is a buy.