NewsWatch: Strait of Hormuz, the world’s biggest oil chokepoint, in focus as U.S.-Iran tensions flare

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MARKETWATCH FRONT PAGE

The threat of an escalating conflict between the U.S. and Iran puts the Strait of Hormuz, a narrow waterway through which a fifth of the world’s petroleum supply must move through, back in focus. See full story.

Who was Qassem Soleimani, and why is his death a major development in U.S.-Middle East relations?

Qassem Soleimani, leader of the foreign wing of Iran’s Islamic Revolutionary Guard Corps, was killed in a U.S. airstrike at Baghdad’s international airport Friday domestic time, likely escalating long-brewing animosities between Tehran and Washington. See full story.

Dow logs worst day in 4 weeks, amid rising Middle East tensions and weak U.S. factory data

U.S. stocks ended lower Friday, but off session lows, hurt by escalating tensions in the Middle East and U.S. manufacturing activity that fell to its lowest level in about a decade. See full story.

It now costs the average worker a record 114 hours’ pay to buy the S&P 500

Stocks lurch toward fresh records to commence the first trading day in 2020, but those gains have raised some questions about the run-up in values for broad-market U.S. equity benchmarks. See full story.

‘Nothing is ever his fault, everyone is out to get him.’ Our brother inherited our late mother’s home and it was repossessed. He’s now in prison — do I send him money?

‘He lost our mother’s property after obtaining a high-interest mortgage so he could buy a motorcycle, which he also lost as a result of an accident.’ See full story.

MARKETWATCH PERSONAL FINANCE

Last year, economists expected mortgage rates to rise — but then they fell. See full story.

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