Rising grocery prices in the United States, driven by the ongoing Iran conflict, are emerging as a potential political flashpoint ahead of critical midterm elections, with both parties positioning their messaging around affordability and economic impact. The war and the closure of the Strait of Hormuz have disrupted global supply chains, pushing up oil, gasoline,
Three entities within the prudential conglomerate of Entrepay were ordered into extrajudicial liquidation by Brazil’s Central Bank on Friday: Octa Sociedade de Crédito Direto SA, Acqio Adquiración Instituição de Pagamento SA, and Entrepay Instituição de Pagamento SA. The regulator said in a statement that the decision was driven by the weakened financial and economic condition
Shares of Meta Platforms extended their selloff on Friday, as mounting legal setbacks weighed on investor sentiment, but the recent decline also points to a deeper concern building beneath the surface. While US court verdicts have triggered immediate losses, investors are increasingly focused on the broader implications for Meta’s business model and future risk profile.
Gold and silver prices surged on Friday as investors resorted to lower-level purchases after the precious metals had fallen sharply in the previous session. Despite rising on Friday, oil prices were still on track for their first weekly drop since February 9, following the extension of a pause in US President Donald Trump’s attacks on
For the better part of a year, Wall Street has operated on a cynical yet profitable mantra – “Trump Always Chickens Out,” or the TACO trade. The strategy was simple. Whenever the White House issued a fire-and-brimstone threat – be it “Liberation Day” tariffs, the sudden annexation of Greenland, or military ultimatums – investors would
Shares of Tesla remained under pressure on Friday, extending a weak run as investors weighed softer delivery expectations, geopolitical risks, and uncertainty surrounding CEO Elon Musk’s long-term strategy. The stock fell 3% on Friday, adding to recent losses that have left it down sharply over the past three months. The electric-vehicle maker is now attempting
Wall Street’s most persistent bull, Tom Lee, is doubling down on a vision of the future that would make even the most seasoned optimist blink. The Fundstrat Global Advisors co-founder, known for his uncanny accuracy during post-pandemic recovery, believes S&P 500 is on a collision course with the 15,000 mark by the end of this
Global markets closed the week on a cautious note, with multiple asset classes reflecting heightened uncertainty. The cryptocurrency market weakened amid a broader risk-off mood, while geopolitical tensions and rising oil prices shaped equity sentiment. At the same time, Elon Musk’s potential plans for a retail-heavy SpaceX IPO drew attention, even as foreign investors accelerated
CrowdStrike Holdings Inc (NASDAQ: CRWD) is inching lower on Mar 27 after partner Anthropic previewed a “breakthrough” AI model with advanced cybersecurity capabilities it’s calling Claude Mythos. Adding to the pressure are reports of Amazon.com Inc, another one of CRWD’s partners, developing a sophisticated artificial intelligence tool to handle sales, business development, and other tasks.
Bitcoin fell to its lowest level in more than three weeks on Friday, as traders turned increasingly defensive following the year’s largest options expiry and a broader risk-off shift across global markets. The world’s largest cryptocurrency dropped as much as 5% to $65,547, slipping below the $66,000 mark and extending recent weakness. The move comes