Category: Latest News
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Gold declines as dollar strengthens on Iran tensions and inflation data
Gold prices moved lower on Monday, pressured by a firmer U.S. dollar as ceasefire discussions between Washington and Tehran failed to produce a breakthrough, prompting investors to seek safety in the greenback. The metal also faced headwinds from stronger-than-expected U.S. inflation data released on Friday, which reduced expectations for near-term interest rate cuts by the…
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Markets edge lower as Hormuz blockade fears grow; Goldman Sachs earnings in focus: Dow Jones, S&P, Nasdaq, Wall Street Futures
Futures tied to major U.S. equity indices pointed slightly lower at the start of the week, as concerns over a potential U.S. naval blockade of the Strait of Hormuz and stalled negotiations between Washington and Tehran weighed on investor sentiment. Oil prices moved back above $100 per barrel, with markets increasingly uneasy about the durability…
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Energy stocks rally worldwide as oil tops $100 amid renewed Hormuz concerns
Global oil and gas equities moved higher on Monday as crude prices climbed back above $100 per barrel, following U.S. action to restrict maritime flows linked to Iran through the Strait of Hormuz after negotiations between Washington and Tehran broke down. Brent crude rose 7.3% to $102.16 per barrel by 08:35 GMT, while U.S. benchmark…
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JPMorgan expects equity support as macro hedge funds rebuild positions
JPMorgan believes equity markets could receive a short-term lift as macro hedge funds move to rebuild stock exposure following the sharp market retreat seen in March, with large U.S. technology companies likely to benefit the most. In a note to clients, analyst Nikolaos Panigirtzoglou said macro hedge funds sharply reduced their equity beta during March,…
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Goldman Sachs Cuts Q2 2026 Oil Price Forecasts After U.S.–Iran Ceasefire
Goldman Sachs has reduced its projections for oil prices in the second quarter of 2026 following the announcement of a two-week ceasefire agreement between the United States and Iran. In a note released late Wednesday, the bank lowered its expected averages for Brent crude to $90 per barrel and U.S. crude to $87 per barrel.…
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Mixed CPI Report, Geopolitical Jitters Cap Wall Street’s Best Week Since May
U.S. stocks closed mixed on Friday as a complicated inflation report and a plunge in consumer sentiment took the shine off what had been Wall Street’s strongest weekly rally in nearly a year. The Dow Jones Industrial Average and S&P 500 slipped into the red by the closing bell, while the tech-heavy Nasdaq Composite eked…
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K Wave Media Strikes Global HYBE Deal Covering BTS and Major K-Pop Acts, Targets $100M+ Revenue
K Wave Media Ltd. (NASDAQ:KWM) has signed an exclusive global distribution agreement with HYBE, covering video and print merchandise tied to 2026 concert activities for leading K-pop artists including BTS, SEVENTEEN, and LE SSERAFIM, the company said in a filing with the U.S. Securities and Exchange Commission. The agreement, executed through KWM’s subsidiary Play Company…
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One and One Green Technologies Secures $13M in Follow-On Offering
One and One Green Technologies Inc. (NASDAQ:YDDL) has entered into a securities purchase agreement with two institutional investors for a follow-on offering, according to a company announcement. The firm plans to issue 1,733,334 units priced at $7.50 each. Every unit includes one Class A ordinary share along with a warrant to purchase one and a…
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Erayak Shifts Strategy Toward U.S.-Centric Energy Solutions Business
Erayak Power Solution Group Inc. (NASDAQ:RAYA) has unveiled a strategic overhaul aimed at repositioning the company from a China-based manufacturer into a U.S.-focused research and development-driven energy solutions provider, according to a company announcement. As part of this transition, Erayak carried out a market research tour across key U.S. states including California, Arizona, Texas, Florida,…
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Morgan Stanley: AI Impact on Labor Market Still Modest
Morgan Stanley said this week that artificial intelligence is beginning to influence labor markets, but the overall impact remains limited, based on findings from its newly released AI disruption tracker. The bank analyzed a range of occupations and industries categorized by their level of exposure to AI. While unemployment rates in roles with higher AI…