Investors went risk-off as the prospects of higher inflation lowered the chances investors are placing on Fed rate cuts.
A long-awaited proposal from the Federal Reserve released Thursday would tweak financial crisis-era capital requirements.
An economic warning from a former Trump administration insider: "[Higher gas prices are] absolutely recessionary in the short term," Gary Cohn said.
The widening conflict in the Middle East will push up airline ticket prices and leave "no winners," Willie Walsh told Reuters.