US and European equities retreated amid higher oil prices and hawkish inflation signals, with tech underperforming. The S&P 500 closed 0.16% lower as rising oil prices and hawkish US inflation data pressured risk assets. Tech stocks led declines, with the Nasdaq Composite
USD/JPY extends gains for a third day as US inflation data fuels expectations of prolonged Federal Reserve hawkishness. The Japanese yen fell to 157.65 against the US dollar on Wednesday, extending its decline for a third consecutive session. The move follows stronger-than
WTI futures correct to near $97.20 West Texas Intermediate futures on NYMEX have corrected to near $97.20 during the European trading session. The correction comes as escalating hawkish Federal Reserve bets have raised concerns over oil demand. The oil price had
Intuitive Machines will compete to develop next-gen systems to monitor objects in geosynchronous orbit under a new US Space Force deal. Intuitive Machines (LUNR) announced it has been awarded an Indefinite-Delivery/Indefinite-Quantity (IDIQ) contract by the US Space Force
SoftBank Group reports annual earnings with revenue growth amid ongoing uncertainty over future projections. SoftBank Group reported a GAAP earnings per share of ¥872.47 for the fiscal year, alongside revenue of ¥7,798.65 billion, marking a 7.7% increase year-over-year. Th
The geothermal energy firm priced 70M shares above initial targets, marking one of the largest clean energy IPOs this year. Fervo Energy priced its initial public offering at $27.00 per share, raising $1.89 billion in gross proceeds. The company increased the offering to 7
Wells Fargo Increases Ethereum ETF Holdings in Q1 2026 13F Filing A Q1 2026 13F filing submitted by Wells Fargo to the SEC shows that the bank significantly increased its holdings of Ethereum ETFs. Specifically, its position in iShares Ethereum Trust (ETHA) rose from appro
Brent crude rises 3.4% to USD107.77 Brent crude surged 3.4% to around USD107.77 due to supply disruptions in the Persian Gulf. The disruptions have led to a significant reduction in Iranian exports from Kharg Island. Satellite imagery shows tankers used as
Supply risks in the Persian Gulf halt Iranian oil shipments, lifting Brent prices amid heightened geopolitical tensions. Brent crude prices climbed 3.4% to USD107.77 as supply disruptions in the Persian Gulf escalated. Satellite imagery revealed Iranian exports from Kharg
Europe’s reliance on U.S. liquefied natural gas is projected to grow sharply, raising energy security concerns amid geopolitical risks. The European Union’s share of liquefied natural gas imports from the U.S. is expected to climb to 80% within two years, up from 58% curre