US stocks closed sharply lower on Friday, as escalating tensions in the Middle East and surging oil prices weighed on investor sentiment and raised concerns about inflation and interest rates. The Dow Jones Industrial Average fell about 0.96% or 443 points to 45,577.47, while the S&P 500 dropped 1.51% to 6,506.48. The Nasdaq Composite led
For 60 years, the US-Israel alliance was treated as a sacred pillar of American foreign policy, but that consensus may be cracking. What was once framed as a strategic partnership now looks increasingly like a costly state-backed arrangement: one that has delivered Israel more than $300 billion in US assistance. The US has provided $3.8
Plug Power stock price has held steady in the past few weeks as investors reacted to the recent financial results, which showed that its business was doing well. PLUG, a top player in the hydrogen energy industry, was trading at $2.30 on Wednesday, up by 35% from its lowest level this year. This recovery may
A “super-accelerated” drawdown of drilled, uncompleted wells could rapidly boost US oil production, with a new Rystad Energy analysis suggesting the Permian Basin alone could see an immediate 183,000 barrels per day (bpd) increase, alongside an additional 56,000 bpd from other regions. Achieving this scenario would likely exceed theoretical limits, as it would require the
The ongoing LPG crisis in India, triggered by the Iran war, has exposed the country’s deep dependence on fuel imports. “This is a wake-up call,” Alok Kumar, former power secretary in the Union Ministry of Power, India, and current DG of All India Discoms Association, told Invezz. “It’s good that we discuss this and the
Li Lu may not be a household name for retail investors, but in the halls of Berkshire Hathaway, he is revered. Born in China and shaped by the 1989 student protests, Lu eventually found his calling at Columbia University after hearing a lecture by Warren Buffett. His investment firm, Himalaya Capital, now manages $3.5 billion
A growing share of Gen-Z (defined as those born between 1997 and 2012) is stepping away from work and education at the same time that debt burdens are rising and wages are struggling to keep up with living costs. Across major economies, millions of young people are now classified as NEETs, meaning they are not in
Amazon is developing a new smartphone within its devices and services unit, more than a decade after its first failed attempt in the category, according to a report by Reuters. The project, internally dubbed “Transformer,” is being positioned as a personalised mobile device that can integrate with the Alexa voice assistant and act as a
US stock futures slipped on Friday morning as oil prices picked up steam again after a brief pause. Dow futures fell about 200 points, while S&P 500 and Nasdaq 100 futures also edged lower, despite earlier signals pointing to a positive open. Wall Street is facing some serious headwinds as a hawkish Fed tone and
The Middle Eastern conflict has severely affected the stock markets. From the US to Europe to Asia, markets are bleeding, and stocks that have enjoyed a strong run prior are coming down to reality. At this juncture, underdog investment strategies such as value are outperforming conventional winners such as growth, quality, and momentum, which perform