Oil supertanker rates hit all-time high as insurers drop war risk protection in the Middle East
The cost of hauling crude oil from the Middle East to China rose more than 94% to hit a record high of $423,736 per day on Monday.
Target says it’s on track to end its sales slump after another lackluster quarter
The big-box retailer Target posted its fiscal fourth-quarter results as it hosted an investor meeting at its Minneapolis headquarters.
As Trump declares inflation tamed, Iran conflict threatens new price pressures
The conflict involving Iran threatens another price spike that could undermine the president’s central case for lower interest rates.
Why Novo Nordisk’s Ireland expansion is key to fighting off Eli Lilly
Novo Nordisk is investing in a facility in Ireland as it expands its production capacities of the newly launched Wegovy pill, the Danish drugmaker said Monday.
Paramount to combine HBO Max and Paramount+ into one streaming service after WBD merger
Paramount said it plans to merge HBO Max and Paramount+ into one streaming service after completing its WBD acquisition.
Steve Eisman says investors should ignore U.S.-Iran war, will be long-term ‘positive’
When asked by CNBC’s Joe Kernen whether he would change anything because of the conflict, the investor of “The Big Short” fame responded with, ‘Not a single trade.’
The Strait of Hormuz crisis explained: What it means for global shipping
The Middle East conflict has stoked fears of prolonged disruption to global trade via key maritime corridors.
Defense stocks jump as U.S., Iran exchange attacks
The defense sector was a rare bright spot amid a broader market sell-off triggered by fears of a wider regional conflict following U.S. attacks on Iran.
It’s peak days for the ‘overlay everything’ trade as demand for income rises in volatile market
Retail investors have run to options-based ETFs that offer income and downside protection, or as one investing expert put it, the ‘overlay everything’ trade.
Anthropic’s Claude hits No. 1 on Apple’s top free apps list after Pentagon rejection
Claude has surpassed OpenAI’s ChatGPT as the top free app in the U.S. on Apple’s rankings.
