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Stock impact report

Scott Bessent Rejects Oil Markets Intervention As 'Rumor,' Points To Russian Sanctions Waiver As Short-Term Fix [Yahoo! Finance]

LPL Financial Holdings Inc. (LPLA) 
Last lpl financial holdings inc. earnings: 4/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.lpl.com
Company Research Source: Yahoo! Finance
prices, opting instead for a temporary easing of sanctions on stranded Russian crude to combat the supply shock stemming from the Iran-U.S. conflict. Quashing Financial Intervention Rumors Appearing on CNBC's "Squawk Box" on Monday, Bessent firmly shot down reports that the Treasury Department planned an unprecedented intervention in the commodities market to cool prices. "That rumor's in the market," Bessent told CNBC. "When there's big dynamic price action, that always happens. We haven't done that." Don't Miss: The ‘ChatGPT of Marketing' Just Opened a $0.91/Share Round — 10,000+ Investors Are Already In Explore the Fire-Safe Energy Storage Company With $185M in Contracted Revenue The initial speculation, which drew sharp criticism from market experts like Michael McClain , an Alternative Investment Research Analyst at LPL Financial, warned of a potential “whipsaw” effect, suggesting the administration would use the Exchange Stabilization Fund to short the oil futures Show less Read more
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