Republic National Distributing Company agrees to divest Arkansas operations to local firm Moon Distributors in an undisclosed deal. Republic National Distributing Company (RNDC) has reached an agreement to sell its Arkansas operations to Moon Distributors, a family-owned b
A preliminary US-Iran agreement to reopen the Strait of Hormuz sparks a surge in equities and a drop in oil prices amid easing supply concerns. Global stocks climbed and oil prices fell after the US and Iran reached a preliminary deal to reopen the Strait of Hormuz, easing
Austrian circuit board maker AT&S raises 2026/27 outlook following long-term AI infrastructure demand from AMD and another major client. Austrian circuit board manufacturer AT&S will invest up to €2 billion in Malaysia to expand production capacity, driven by strong AI inf
Societe Generale’s Kenneth Broux and colleagues note Brent has dropped sharply after the US–Iran MoU and reopening prospects for the Strait of Hormuz, with prices down 35% from April peaks but still above pre-war levels. They highlight technical supports at $82/81, $78 and
South Korea’s largest cryptocurrency exchange, Upbit, announced it will list OpenGradient (OPG) on its BTC and USDT markets on June 15, with deposits and withdrawals supported via the Base network. OpenGradient is a decentralized AI infrastructure network focused on verifi
The Japanese Yen (JPY) continues to trade firmly around the psychologically crucial 160.00 level against the US Dollar. Although a 25-basis-point interest rate hike by the Bank of Japan (BoJ) is widely anticipated by global financial markets, analysts caution that the rate
One in three retirees reach 80s without spending savings About one in three retirees reach their mid-80s with their original savings intact. This phenomenon is observed across all wealth groups, with 31% of the wealthiest retirees still having their savings after two
Investors are pricing in December rate increases despite Trump's push for lower rates amid surging inflation and Fed dissent. Federal Reserve Chair Kevin Warsh confronts a critical test in his third week, as bond markets defy the White House by pricing in rate hikes by Dec
- Bitcoin climbed to its highest level in nearly two weeks after the US and Iran said they had reached an agreement to end hostilities and reopen the Strait of Hormuz. Most Read from Bloomberg The original cryptocurrency rose as much as 3.1% to $65,958 on Monday, before lo
Rabobank’s FX Strategy team at RaboResearch Global Economics & Markets discusses how the Dollar initially benefited from safe haven flows during the Iran war, but has since softened as a ceasefire memorandum eased market tensions and tempered Fed hike expectations. They ma
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