British consumer morale dropped sharply last month, hitting its lowest level since mid-2023, according to two surveys released on Monday. The decline reflects growing concerns over inflation and geopolitical tensions in the Middle East. Data from S&P Global showed its consumer sentiment index fell to 42.3 from 44.1, marking a 33-month low. Meanwhile, a separate
Middle East tensions are once again driving volatility in oil markets, as periods of apparent de-escalation swiftly give way to renewed uncertainty and price swings. Oil prices bounced back more than 5% on Monday as fears re-emerged that the ceasefire between the US and Iran could collapse after the United States seized an Iranian cargo
US spot bitcoin exchange-traded funds (ETFs) recorded their strongest weekly inflows since mid-January, extending a three-week streak of positive momentum as improving risk appetite and geopolitical developments drove institutional activity. ETF inflows hit multi-month highs According to data from SoSoValue, spot bitcoin ETFs drew in $996.4 million in net inflows last week, marking the largest
Shares of AST SpaceMobile fell sharply in premarket trading on Monday after the company disclosed a major setback involving one of its latest satellites, raising concerns about execution risks in the fast-growing space-based broadband race. The stock dropped more than 15%, after the company confirmed that its BlueBird 7 satellite had been placed into an
America’s allies, grappling with surging energy costs triggered by Washington’s military strikes on Iran and the resulting disruption in global supply chains, are confronting a strategic dilemma. The crisis has highlighted the need to move away from volatile fossil fuel markets. However, it has also exposed a new risk, as energy security increasingly depends on
Shares of USA Rare Earth rose in early Monday trading after the company announced a $2.8 billion deal to acquire Brazil-based Serra Verde Group, a move aimed at strengthening its supply chain and reducing Western dependence on China for critical minerals. The stock gained 10% in premarket trading, extending a recent rally, even as equity-funded
Shares of American Airlines fell over 3% in premarket trading on Monday after the carrier publicly dismissed speculation of a potential megamerger with rival United Airlines, even as rising oil prices and operational disruptions weighed on the broader aviation sector. The airline issued a statement late Friday rejecting any discussions around a tie-up, pushing back
Eli Lilly said on Monday it will acquire privately held Kelonia Therapeutics in a deal worth up to $7 billion, as the drugmaker deepens its presence in next-generation cancer treatments. The agreement includes an upfront payment of $3.25 billion, with additional payouts tied to clinical, regulatory and commercial milestones. The transaction is expected to close
Three months ago, European investors were pouring money into the continent’s stock markets at a record pace, betting that years of underperformance were finally coming to an end. The euro was strong, defence stocks were surging, and the valuation gap with the US was too wide to ignore. Then came the Iran war, the closure
Wall Street’s main indexes opened lower on Monday, as renewed tensions between the US and Iran weighed on investor sentiment following a record-setting rally last week. The Dow Jones Industrial Average gained 28 points, while the S&P 500 slipped 0.17% and the Nasdaq-100 declined about 0.13%. The pullback comes after a strong run that pushed