U.S. equities surge midday after Iran peace framework sends oil to $80 and boosts risk assets, with SpaceX leading gains. Major U.S. indexes climbed at midday, led by the Nasdaq’s 3.00% gain to 26,666.03, as a U.S.-Iran peace framework drove oil prices to $80 per barrel an
Wall Street's major averages were higher on Monday after the U.S. and Iran announced a long-awaited peace agreement that should restore shipping through the Strait of Hormuz. The benchmark S&P 500 (SP500) was last +2%, while the Nasdaq Composite ( Wall Street's major avera
Quick Read - UBER trades at 13x forward earnings despite 44% non-GAAP EPS growth and $2.29 billion in quarterly free cash flow. - Uber's 85% GAAP net income collapse traces to a $1.5 billion equity revaluation headwind, not operational deterioration. - With 88% of analysts...
75% of Enterprise Customers Are Quietly Flocking to This Digital Monopoly: Here Is the 1 Unstoppable Stock I’m Loading Up on This June Quick Read - GOOGL's Cloud revenue surged 63% to $20 billion in Q1 while operating margin nearly doubled to 33% in a single year. - Despite...</p
Oil: Strait of Hormuz reopening eases stress – BNY BNY’s Bob Savage reports that the U.S.-Iran agreement to reopen the Strait of Hormuz has significantly reduced immediate energy supply risks. This geopolitical de-escalation has lowered energy market stress and helped calm
Retail investors who clamored for shares in SpaceX's blockbuster initial public offering received only a fraction of what many had requested, and are already split on what to do with the stock. Across online investing forums, users complained of allocations as small as a s
Nvidia (NVDA) is looking to raise at least $20 billion in the bond market, turning the AI chip giant into the latest company to tap Wall Street for the boom it helped create. The company is marketing bonds in seven parts, with maturities running from two years to 30 years,
May data shows smallest year-over-year decline in 18 months, with shipments up 3% month-over-month and projections for H2 growth. Freight shipments may rebound in the second half of 2024 after 40 consecutive months of year-over-year declines, according to the latest Cass F
The Blackstone Long-Short Credit Income Fund announces a $0.082 per share dividend, yielding 9.08%, for June, July, and August. Blackstone Long-Short Credit Income Fund (BGX) declared a $0.082 per share monthly dividend, maintaining a forward yield of 9.08%. The dividend i
Agreement includes sanctions relief, frozen funds release, and immediate lifting of US blockade on Iran. The US and Iran have signed a memorandum of understanding to immediately reopen the Strait of Hormuz and lift the US blockade on Iran, effective Friday. The deal, signe
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