Oil price worries; PayPal's big deal; China-US trade

1. Oil spikes again: US crude futures hit their highest levels since late 2014 on Friday, trading at...

Posted: May 18, 2018 11:39 AM
Updated: May 18, 2018 11:39 AM

1. Oil spikes again: US crude futures hit their highest levels since late 2014 on Friday, trading at $71.60 per barrel. Prices of Brent crude, the international benchmark, topped $80 per barrel Thursday.

Oil prices have risen significantly in recent weeks, mostly because of concerns about Iranian supplies after President Donald Trump ditched the nuclear deal, and a collapse in Venezuelan production.

The rise is starting to trouble big energy consuming nations. India's energy minister said he called his Saudi Arabian counterpart late on Thursday to express his concern.

2. PayPal's biggest takeover: PayPal announced Thursday that it is buying iZettle for $2.2 billion. It's the online payments firm's biggest ever acquisition and gives the company a bigger footprint in physical stores.

A Swedish startup, iZettle provides small businesses with card readers that can be connected to smart phones and tablets. It also offers platforms for sales and inventory tracking.

3. China-US trade talks: US officials said Thursday that China had proposed boosting its imports of American goods by around $200 billion in an attempt to reduce the massive trade imbalance between the two countries. China bought $130 billion of American goods last year, according to US government figures.

However, Chinese Foreign Ministry spokesman Lu Kang denied on Friday that such an offer had been made. "These rumors are not true," he said.

The world's two biggest economies have been locked in a trade dispute for months. A top level Chinese delegation is in Washington for trade talks this week. Thursday's meetings included one in the Oval Office between Trump and Chinese Vice Premier Liu He, the top economic adviser to Chinese President Xi Jinping.

The talks are set to continue on Friday. Lu described them as "constructive."

4. Global market overview: US stock futures were trading higher early on Friday. European markets opened mostly lower, while stocks in Asia ended the session mixed.

The Dow Jones industrial average and the Nasdaq both shed 0.2% on Thursday. The S&P 500 closed 0.1% lower.

Before the Bell newsletter: Key market news. In your inbox. Subscribe now!

5. Earnings and economics: Campbell Soup and Deere are set to release earnings before the open Friday.

Canadian inflation statistics for April will be released at 8:30 a.m. ET.

Markets Now newsletter: Get a global markets snapshot in your inbox every afternoon. Sign up now!

6. Coming this week:
Friday - Campbell Soup earnings

West Lafayette
Clear
64° wxIcon
Hi: 82° Lo: 61°
Feels Like: 64°
Kokomo
Clear
60° wxIcon
Hi: 78° Lo: 58°
Feels Like: 60°
Rensselaer
Clear
61° wxIcon
Hi: 81° Lo: 58°
Feels Like: 61°
Fowler
Clear
61° wxIcon
Hi: 79° Lo: 59°
Feels Like: 61°
Williamsport
Clear
61° wxIcon
Hi: 80° Lo: 58°
Feels Like: 61°
Crawfordsville
Clear
57° wxIcon
Hi: 80° Lo: 58°
Feels Like: 57°
Frankfort
Overcast
60° wxIcon
Hi: 80° Lo: 56°
Feels Like: 60°
Delphi
Clear
59° wxIcon
Hi: 82° Lo: 59°
Feels Like: 59°
Monticello
Clear
59° wxIcon
Hi: 81° Lo: 58°
Feels Like: 59°
Logansport
Clear
55° wxIcon
Hi: 79° Lo: 57°
Feels Like: 55°
Dry, windy, very warm weather, followed by scattered rain & much cooler conditions.
WLFI Radar
WLFI Temps
WLFI Planner

Indiana Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 114236

Reported Deaths: 3548
CountyConfirmedDeaths
Marion21067764
Lake10397321
Elkhart6477109
St. Joseph6312105
Allen6113201
Hamilton4803109
Vanderburgh353630
Hendricks2694123
Monroe253136
Tippecanoe234713
Johnson2291123
Clark218756
Porter210546
Cass19399
Delaware191861
Vigo180324
Madison161975
LaPorte140540
Floyd135161
Howard129263
Warrick123436
Kosciusko121117
Bartholomew115557
Marshall99724
Dubois96418
Boone96046
Hancock91743
Grant90334
Noble90032
Henry79326
Wayne75114
Jackson7469
Morgan70938
Shelby66829
Daviess65828
Dearborn64728
LaGrange63411
Clinton59514
Harrison56624
Putnam54211
Knox5139
Lawrence51028
Montgomery50721
Gibson4964
White48314
DeKalb46811
Decatur45839
Miami4313
Greene42235
Fayette41913
Jasper3902
Steuben3787
Scott36711
Sullivan33312
Posey3160
Jennings31212
Franklin30325
Clay2995
Orange28824
Ripley2878
Carroll27313
Wabash2638
Washington2631
Whitley2617
Starke2597
Adams2553
Wells2513
Jefferson2473
Fulton2352
Spencer2283
Huntington2253
Tipton22122
Perry21613
Randolph2117
Jay1760
Newton17211
Owen1681
Martin1640
Rush1544
Pike1431
Vermillion1270
Fountain1202
Pulaski1161
Blackford1143
Brown1043
Crawford1040
Parke972
Benton880
Ohio787
Union780
Switzerland690
Warren391
Unassigned0226

COVID-19 Important links and resources

As the spread of COVID-19, or as it's more commonly known as the coronavirus continues, this page will serve as your one-stop for the resources you need to stay informed and to keep you and your family safe. CLICK HERE

Closings related to the prevention of the COVID-19 can be found on our Closings page.

Community Events