Procter & Gamble warns of roughly $1 billion profit hit from surging oil prices due to Iran war. The consumer goods giant is the latest to flag cost pressures from the conflict.

S&P downgrades Belgium, second credit assessor to cut rating in a week, citing euro area's biggest budget deficit.

S&P downgraded Belgium, the second credit assessor to do so in a week, citing the country's largest budget deficit in the euro area.

S&P revises Finland's outlook to negative from stable on fiscal and economic risks; affirms 'AA+/A-1+' ratings. The agency cited rising government debt and weak growth prospects.

S&P revised Finland's credit rating outlook from stable to negative due to fiscal and economic risks, while affirming its 'AA+/A-1+' ratings.

White House mulls using Defense Production Act in Spirit Airlines takeover, CBS reports.

The White House is considering using the Defense Production Act regarding the Spirit Airlines takeover, according to CBS.

Fed Chair Powell faces key decision after criminal probe ends. The probe's conclusion leaves the Fed leader's future uncertain.

Will he stay or will he go? With criminal probe over, Fed Chair Powell faces big decision.