The US labour market showed signs of resilience toward the end of March, with fresh data pointing to subdued layoffs as initial applications for unemployment benefits fell. New claims for state unemployment benefits dropped by 9,000 to a seasonally adjusted 202,000 in the week ended March 28, according to data released by the Labor Department.
Shares of Globalstar rallied strongly on April 2, 2026, climbing nearly 14% to $78.10 in premarket trading. The satellite communications company, known for providing global voice and data services and supporting IoT and enterprise connectivity, is reportedly in acquisition talks with Amazon.com. According to a report by Financial Times, discussions between the two companies are
Blue Owl said in shareholder letters issued Thursday that its flagship Blue Owl Credit Income Corp. (OCIC), which manages about $36 billion in assets, received redemption requests equivalent to 21.9% of its outstanding shares in the first quarter. Its smaller, technology-focused fund, OTIC, saw even higher demand for withdrawals at 40.7%. In both cases, the
US stocks opened lower on Thursday, the final session of a holiday-shortened week, after President Donald Trump signaled an escalation in the Iran conflict, dampening hopes for a near-term resolution and pushing oil prices higher. The Dow Jones Industrial Average fell about 637 points, or 1.3%, while the S&P 500 declined 1.3% and the Nasdaq
Tesla Inc. reported on Thursday that it manufactured 408,386 vehicles in the first quarter of 2026 but delivered only 358,023, falling short of analyst expectations. Prior consensus estimates, released by the company ahead of the announcement, had projected deliveries of approximately 365,645 vehicles. Breaking down the figures, Tesla produced 394,611 units of its Model 3
Russian oil export infrastructure has suffered significant disruption after Ukrainian drone attacks damaged a substantial portion of storage capacity at key Baltic Sea ports, according to satellite imagery reviewed by Reuters. Images captured at the end of March and supplied by US spatial intelligence firm Vantor show that at least 40% of storage facilities at
Shares of General Motors fell about 4% on Thursday after the company reported a sharp decline in first-quarter sales, highlighting mounting pressure on the auto industry from high borrowing costs, elevated vehicle prices, and rising fuel costs. The Detroit-based automaker said it sold 626,429 vehicles between January and March, marking a 9.7% decline from a
Alphabet Inc.’s Google is facing mounting pressure from child development experts to stop AI-generated videos from being shown or recommended to children on YouTube and YouTube Kids. On Wednesday, over 200 experts, organisations, and educational institutions sent a letter to Google CEO Sundar Pichai and YouTube CEO Neal Mohan, raising concerns about the educational value
US banks are raising borrowing costs for some loans to private credit funds amid growing concerns over valuations, a shift that could pressure returns and curb new lending, according to a Reuters report. The higher pricing is showing up in back leverage facilities tied to business development companies, or BDCs, reversing a period of compressing
As Brent crude prices soar amid escalating tensions in the Gulf, the oil trading landscape faces unprecedented challenges, according to Baron Lamarre, co-founder of International Digital Exchange, an expert in energy markets and former trader at Petronas and Shell. In an interview with Invezz, Lamarre highlighted how traditional oil trading is being stress-tested at its weakest