Oil prices edged higher on Wednesday after steep losses in the previous session amid uncertainty about the resumption of flows from the Strait of Hormuz. Meanwhile, gold had hit a near one-month high on COMEX earlier in the day, but the precious metal fell slightly amid a rise in energy prices. Silver prices also dipped
US equities moved higher on Wednesday, with the S&P 500 approaching a fresh all-time intraday high. Investor sentiment improved on expectations that the Iran conflict could be nearing a resolution. The benchmark index rose 0.2% and was on track for a record close, while the Nasdaq Composite advanced 0.3%. The Dow Jones Industrial Average gained
The International Monetary Fund has warned that the escalating conflict in the Middle East is adding further stress to an already fragile global fiscal environment. In its latest Fiscal Monitor report released on Wednesday, the IMF said higher interest rates and rising energy prices intensified by the war are increasing pressure on emerging markets and
Finance ministers from more than 10 countries cautioned on Wednesday that the ongoing Middle East conflict would continue to weigh on global growth, inflation, and financial markets, even if a lasting resolution is achieved. The warning came in a joint statement issued during the International Monetary Fund and World Bank Spring Meetings in Washington. The
Shares of Tesla extended their recovery on Wednesday, rising about 4% in early trading to $378.89. The move was supported by broader market optimism and company-specific developments around its artificial intelligence initiatives. The gains came as the S&P 500 advanced 0.2%, moving closer to a new all-time intraday high amid investor expectations that the Iran
Amazon.com said on Tuesday it would acquire Globalstar in an $11.57 billion deal, strengthening its nascent satellite business as it seeks to compete with SpaceX’s Starlink. Under the terms of the agreement, shareholders of Globalstar can choose to receive either $90 in cash or 0.3210 shares of Amazon common stock for each share they hold,
Plug Power stock price has spent the last two years in a narrow range between the key support and resistance levels at $0.7147 and $4.63. This prolonged consolidation could be a sign that it is about to explode higher in coming months, potentially to the upper side of the channel. Plug Power stock Wyckoff Theory
Bloom Energy stock price has embarked on a strong bull run after years of consolidation. It has soared to a high of $176.76, up by over 2,250% from its lowest point last year. This rally continued on Monday after extending its deal with Oracle. Still, there is a risk that it may reverse soon since
US producer prices increased less than expected in March, as stable service costs helped offset a sharp rise in energy prices triggered by the ongoing war with Iran. The Producer Price Index (PPI) for final demand rose 0.5% last month, matching a downwardly revised increase in February, data from the Bureau of Labor Statistics showed
UK equities moved higher on Tuesday, supported by optimism around potential US-Iran negotiations, even as geopolitical tensions remained elevated with the United States initiating a blockade of Iran’s ports. The benchmark FTSE 100 index rose 0.1% to 10,593.65 points by 5:58 GMT. The mid-cap FTSE 250 outperformed, climbing 1.13%. The gains reflected broader strength across