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Wall Street Pauses as Oil Surges and Tesla Stumbles

  U.S. stocks stalled on Thursday as investors weighed a sharp rise in oil prices against a wave of fresh corporate earnings. Futures tied to the Dow Jones Industrial Average and the S&P 500 hovered near the flat line, while the Nasdaq 100 also showed little movement. Energy markets took center stage after oil futures jumped more than 5% following new U.S. sanctions on Russian producers, pushing Brent crude toward $66 a barrel and West Texas Intermediate closer to $62. The surge added pressure to inflation concerns already weighing on Wall Street. On the corporate front, Tesla shares slipped over 3% in premarket trading after the electric vehicle maker posted mixed third-quarter results, disappointing investors and kicking off the “Magnificent Seven” earnings cycle. IBM stock also dropped about 7% , as stronger-than-expected profits were overshadowed by weaker software revenue. Traders are now awaiting results from American Airlines and T-Mobile , with Intel set to ...
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Trump Picks John Breslow as Next U.S. Ambassador to Cyprus

 

                                            United States President Donald Trump

United States President Donald Trump has nominated John Breslow, a businessman and former Nebraska state auditor, to serve as the next U.S. ambassador to Cyprus. Breslow, originally from Arizona, will need Senate confirmation before officially assuming the post in Nicosia .

If confirmed, Breslow will succeed Julie Davis, who left Cyprus in May to become the U.S. chargé d’affaires in Ukraine. Davis had served in Nicosia since February 2023 and continued to represent the embassy at public events even after her reassignment.

Breslow brings both political and business experience to the role. He previously owned Linweld, an industrial gas and welding supply company, and served two terms as Nebraska’s state auditor. He has also been active in philanthropy and Republican Party politics.

The nomination underscores Washington’s ongoing engagement with Cyprus, a strategically important partner in the Eastern Mediterranean. The Senate will now review Breslow’s candidacy, with a committee hearing and majority vote required before he can officially take up the ambassadorship.


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