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Israeli strikes on Iran’s ‘oil island’ could send crude prices soaring

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What worries oil traders the most as tensions build in the wake of Iran’s missile attack on Israel is a potential disruption to the flow of crude in the Middle East — and when it comes to Iran, export terminal Kharg Island could be a key target for the Israel Defense Forces.

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U.S. business inventories expand for fifth straight month in August, bolstering economic outlook

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Business inventories rose 0.3% for the second straight month and for the fifth straight month overall in August, the Commerce Department said Thursday.

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A drop in mortgage rates has failed to ignite home-buying demand, but builders remain optimistic

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Builder sentiment inched up in October, the National Association of Home Builders said.

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Jobless claims retreat after last week’s sharp increase

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One week after hitting the highest level in more than a year, initial jobless claims retreated by 19,000 to 241,000, the Labor Department said Thursday.  

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