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Wall Street ends modestly lower while US-Iran tensions boost crude prices

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Trading Day: Wall Street ends modestly lower while US-Iran tensions boost crude prices

By Stephen CulpNEW YORK, Feb 19 (Reuters) – Wall Street stocks followed the example of their European counterparts by posting modest losses on Thursday as mixed economic data and simmering tensions between the U.S. and Iran kept uncertainties – and crude prices – high.The U.S. goods trade balance hit its wide …

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Microsoft Gaming head Phil Spencer retires, insider Asha Sharma takes over

The company named insider Asha Sharma as the executive vice president and CEO of the gaming division. She will be reporting to Microsoft Chairman and CEO Satya Nadella.Sharma said she would renew focus on the Xbox console, aiming to “recommit to our core Xbox fans and players.”Microsoft Gaming has been grappl …

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US economy can grow at least 3.5% in 2026, Bessent tells Fox News

Bessent blamed the sharply lower growth of 1.4% in gross domestic product reported in the fourth quarter on a partial government shutdown and high write-offs of losses by U.S. automakers, saying GDP growth could have been 100 to 200 basis points higher.”It was this longest shutdown in history that caused the …

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