Category: Top Story
-
US futures edge higher as Middle East tensions, oil prices and Big Tech earnings dominate markets: Dow Jones, S&P, Nasdaq, Wall Street
U.S. stock index futures traded modestly higher on Monday as investors balanced escalating geopolitical tensions in the Middle East against a busy week of corporate earnings led by several of America’s largest technology companies. By early morning trading, Dow Jones futures had added around 50 points, or 0.1%, while S&P 500 futures rose 0.2%. Nasdaq…
-
IEA Says Global Economy Has Weeks to Prevent Hormuz Shipping Crisis
The global economy could begin feeling the effects of renewed disruption in the Strait of Hormuz within weeks, according to Fatih Birol, Executive Director of the International Energy Agency (IEA), as escalating conflict in the Middle East continues to threaten one of the world’s most important energy trade routes. The warning comes as tanker traffic…
-
Crowded AI Trades Trigger Losses for Hedge Funds as Volatility Hits Market Leaders
Several hedge funds have recorded their weakest trading performance in nearly a year after being caught in heavily crowded artificial intelligence (AI) and technology trades during a period of heightened market volatility. Systematic hedge funds, also known as quant funds, have been among the hardest hit, while traditional stock-picking managers have also reduced exposure to…
-
US Crude Inventories Decline by 1.7 Million Barrels as Middle East Tensions Keep Oil Markets on Edge
Crude oil inventories in the United States fell by 1.7 million barrels during the week ending July 10, according to the latest figures from the U.S. Energy Information Administration (EIA). Commercial crude stockpiles now stand at 409.7 million barrels, leaving inventories 6% below the five-year seasonal average despite ongoing uncertainty in global energy markets. The…
-
Wall Street Skids to Weekly Loss as Semiconductor Selloff Deepens
U.S. stocks closed sharply lower on Friday, capping a rough week for Wall Street as a deepening selloff in semiconductor stocks combined with rising oil prices to unsettle investors. All three major indexes finished in the red, with technology and chip-related names leading the declines. What Moved Markets The Dow Jones Industrial Average fell 406.55…
-
Apple Shares Offer Upside Ahead of Potential iPhone Price Increase, Says Morgan Stanley
Morgan Stanley believes Apple (NASDAQ:AAPL) is well positioned to benefit from a significant iPhone price increase expected this September, estimating that a roughly $200 increase could lift fiscal third-quarter 2026 earnings per share by between 2% and 4%, while adding around 1% to fiscal 2027 EPS forecasts. According to the bank, investors have yet to…
-
12-State Legal Challenge Clouds Paramount-Warner Bros. Discovery Merger
A coalition of 12 U.S. states has launched an antitrust challenge against the proposed $110 billion merger between Paramount Skydance and Warner Bros. Discovery (NASDAQ:WBD), raising the prospect of lengthy legal delays and increased uncertainty for investors. The lawsuit, led by California’s attorney general, argues the merger would reduce competition in theatrical distribution and increase…
-
Investors rotate within AI trade as slowing hyperscaler spending becomes a growing concern
Investors are beginning to rethink their artificial intelligence strategies as concerns grow that the rapid expansion in hyperscaler spending could lose momentum over the next few years, prompting some fund managers to reduce exposure to semiconductor stocks in favour of software companies and major cloud providers. AI infrastructure rally faces fresh scrutiny For much of…
-
Chipotle makes its Mexico debut with first restaurant in Monterrey (CMG)
Chipotle (NYSE:CMG) officially entered the Mexican market on Thursday, opening its first restaurant in the country as the U.S. fast-casual chain looks to establish itself in the birthplace of tacos. First location opens in Monterrey The company’s debut restaurant welcomed customers in San Pedro Garza Garcia, an affluent suburb of Monterrey in the northern state…
-
SpaceX shares fall after Starship test flight is called off before launch (SPCX)
SpaceX (NASDAQ:SPCX) shares declined around 4% in pre-market trading on Friday after the company halted the 13th test flight of its Starship rocket only minutes before its scheduled launch from Texas. Engine issue forces last-minute launch cancellation Chief Executive Elon Musk said the launch was automatically aborted after several of Starship’s engines failed to ignite…