How China and U.S. eased the Middle East oil shock and kept prices from spiking even higher
China and the U.S., the world’s two largest economies, wield great influence over the oil market and are using it to help plug the supply gap.
China will buy more U.S. oil because it is a natural trade partner, says Energy Secretary Wright
China relies heavily on crude oil imports from the Middle East but those supplies are mostly cut off due to Iran’s blockade of the Strait of Hormuz.
Why Britain’s potential next PM is putting investors on edge
Traders fear a new left-leaning U.K. government led by Andy Burnham would challenge the country’s fiscal discipline.
The Tech Download: Trump’s China visit sparks fresh questions over chip exports and rare earths access
China President Xi welcomed deeper commercial engagement from the U.S., but uncertainty still hangs over American access to rare earths and chip sales.
Magnum Ice Cream stock soars after report of potential private equity takeover
It comes just six months after Magnum spun off from Unilever to create the world’s largest standalone ice cream maker.
Bonds, stocks and precious metals slump as inflation fears mount, silver falls 7%
Mounting inflation fears, geopolitical tension and ongoing uncertainty around the Iran war has prompted selling pressure across asset classes.
Cerebras stock falls 10% in first full day of trading after blockbuster debut
Cerebras Systems’ shares were lower in early trading Friday, after its blockbuster stock market debut on Thursday.
UAE fast tracks second West-East oil pipeline to bypass Strait of Hormuz
The second pipeline project comes as global energy supplies remain under pressure and flows through the Strait of Hormuz remain severely limited
Trump-Xi summit: The 3 big takeaways from historic meeting in Beijing
The two-day meeting wrapped up Friday, setting the tone for further U.S.-China talks this year.
Defense stocks continue to come under pressure – why Citi is ‘reluctant’ to buy the dip
The iShares U.S. Aerospace & Defense ETF has dropped about 10% since the start of March.
