The Latest Breaking News from Kathleen Brooks

BP has a long way to go, but its quarterly profits show the British oil giant is heading in the right direction.

The FTSE 100 index closed down 64.23 points at 9,068.58.

For the week, the FTSE 100 rose 1.4%, hitting a new all-time high.

A sharper fall for the FTSE 250 typified a drab day for more UK-focused stocks.

The biggest key is that Israel has yet to touch Iran's oil-exporting facilities.

The FTSE 100 index closed up 11.27 points, 0.1%, at 8,864.35.

Japanese stocks rose Thursday as the central bank kept its key interest rates steady as expected, in thin trade with most Asian markets shut for the May 1 holiday.

Number of vessels scheduled to arrive at Port of Los Angeles next week is down by almost a third year on year

The precious metal hit a new record of more than 3,133 US dollars an ounce.

Some MAGA followers are spreading an unsubstantiated theory related to the cost of the US national debt.

In the United States, the tech-heavy Nasdaq Composite Index plummeted by 4.0 percent, seeing its worst day since 2022 after Trump declined to rule out the risk of a U.S. recession. The Nasdaq was bogged down by retreats in the so-called Magnificent Seven tech stocks, which include Google parent Alphabet,…