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
Battalion Oil (BATL) is pushing aggressively to the upside on April 2nd as oil prices charged higher again after Trump warned the US could hit Iran “extremely hard” in the days ahead. With Iranian and Middle Eastern supply constantly under threat investors are flocking to US-based producers that have recently increased their capacity. Battalion’s recent
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,
The United States trade deficit widened in February as a surge in imports offset record growth in exports, signaling that trade could continue to drag on economic growth in the first quarter. According to data released on Thursday by the Commerce Department’s Bureau of Economic Analysis (BEA) and the Census Bureau, the trade gap increased
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