Reported about 1 month ago
Oil prices climbed over 4% to a two-month high as the U.S. prepared to evacuate its embassy in Iraq due to growing security risks in the Middle East. Brent crude settled at $69.77 per barrel while West Texas Intermediate reached $68.15, influenced by geopolitical tensions and a new trade deal between the U.S. and China, anticipated to increase energy demand. The U.S. also reported a larger-than-expected drop in crude inventories, contributing to the bullish sentiment in the market.
Source: YAHOO
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
Source: WSJ
Reported about 1 month ago
Protests against immigration raids have extended from Los Angeles to New York, Chicago, and Milwaukee, with clashes between demonstrators and police. Following a nighttime curfew imposed by LA Mayor Karen Bass amid escalating tensions, more than 400 people have been arrested in Los Angeles. The protests are a response to aggressive ICE operations, prompting California Governor Gavin Newsom to criticize President Trump’s deployment of National Guard troops to the city. Similar demonstrations and unrest have emerged in other cities, as officials struggle to manage the situation.
Source: YAHOO
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
SailPoint's shares jumped 12% in premarket trading after the company reported a higher-than-expected revenue of $230.5 million and an adjusted profit for its fiscal Q1 2026, surprising analysts who predicted a loss. The firm also raised its full-year revenue and earnings projections, indicating strong growth prospects.
Source: YAHOO
Reported about 1 month ago
The article discusses the current state of CPI inflation, which remains subdued even in the face of tariffs imposed during Trump's presidency. It highlights the resilience of the economy and the effectiveness of current monetary policies.
Source: INVESTORS
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
Novo Nordisk has entered a partnership with Deep Apple Therapeutics to develop new drugs for cardiometabolic diseases, including obesity, in a deal potentially worth up to $812 million. This agreement grants Novo exclusive rights to develop non-incretin oral therapies, expanding its influence in the weight-loss drug market as it faces increasing competition.
Source: YAHOO
Reported about 1 month ago
Amid concerns over U.S. fiscal policies and rising debt, global investors are pulling money from U.S. equities, leading to significant outflows from mutual funds and ETFs. In May, U.S. funds experienced a $24.7 billion outflow while European funds attracted $21 billion, marking the highest year-to-date inflows in four years. Analysts suggest that the shift is driven by a weakening dollar and improving conditions in Europe and emerging markets, with a growing preference for regions with stronger economic fundamentals and appreciating currencies.
Source: YAHOO
Reported about 1 month ago
President Trump declared that the U.S. and China reached a trade agreement following two days of negotiations, imposing a 55% tariff rate on China and a 10% tariff on the U.S. However, the deal requires final approval from both Trump and Chinese President Xi Jinping. Key points of the agreement include terms on rare earth supplies and access for Chinese students to American universities.
Source: YAHOO
Reported about 1 month ago
Oil prices increased following US President Donald Trump's skepticism regarding nuclear deal negotiations with Iran while expressing confidence that a trade agreement with China is finalized, pending approval from President Xi Jinping. The rise in oil prices comes amid a backdrop of easing trade tensions and a drop in US crude inventories, with recent data highlighting significant fluctuations in the market's overall supply and demand dynamics.
Source: YAHOO
Reported about 1 month ago
UBS finance chief Todd Tuckner expressed disappointment over proposed Swiss capital regulations that could require major banks to hold an additional $26 billion in core capital. Speaking at a conference in Berlin, Tuckner indicated that UBS would explore options to address these capital measures and participate in political discussions to seek a more balanced outcome. He emphasized the need for clarity and visibility on the timeline and rules while reaffirming the bank's 2025 capital return expectations.
Source: YAHOO
Reported about 1 month ago
In May, inflation remained steady at 2.4%, with consumer prices rising only 0.1% from the previous month, contrary to expectations of significant increases due to President Trump's tariffs. This mild inflation, close to a four-year low, raises questions about future price hikes anticipated this summer, as many economists and businesses remain uncertain about consumer demand's ability to absorb these costs. Analysts suggest that the lack of immediate tariff impacts could be attributed to factors such as businesses' preemptive inventory buildup and a weaker demand environment.
Source: YAHOO
Reported about 1 month ago
Google is offering buyouts to employees in key divisions as part of ongoing cost-cutting measures, coinciding with a significant court decision regarding its monopoly status. The initiative affects staff within search, advertising, research, and engineering units, highlighting the company's response to the AI-driven technological shifts and the pressure from antitrust scrutiny. With nearly 186,000 workers under Alphabet Inc., this move follows earlier layoffs and aims to streamline operations while adapting to new market dynamics.
Source: YAHOO
Reported about 1 month ago
The recent merger of Canadian Pacific and Kansas City Southern has faced challenges following a computer system cutover in former KCS territories, causing notable service disruptions in parts of Louisiana, Texas, and Mississippi. CPKC Chief Operating Officer Mark Redd acknowledged that this transition led to significant delays, particularly affecting local switching services. While improvements have been noted in subsequent weeks, several customers have reported ongoing issues, prompting close monitoring by the Surface Transportation Board as the company works to stabilize operations.
Source: YAHOO
Reported about 1 month ago
US stock index futures experienced a positive turn on Wednesday after the consumer inflation data for May revealed a lower-than-expected rise. The Consumer Price Index (CPI) increased by 0.1% month-over-month, below the anticipated 0.2%, while the annual increase was at 2.4% compared to the forecast of 2.5%. Core CPI also rose by 0.1%, matching the lower expectations. Following the report, major indices like the Dow, S&P 500, and Nasdaq saw gains in futures trading.
Source: YAHOO
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
Roblox CEO Dave Baszucki is determined to capture 10% of the $190 billion gaming market as the platform experiences growth among older users, boosted by new content. Recently, Roblox reported a 29% year-over-year revenue increase to $1.03 billion and a rise in daily active users by 26% to 97.8 million. Analysts remain optimistic, with many rating the company's stock as a strong buy, reflecting confidence in its future profitability and market share expansion.
Source: YAHOO
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
Source: WSJ
Reported about 1 month ago
Source: BARRONS