Oil markets react to heightened geopolitical risks after recent US-Iran military exchanges in the Middle East. West Texas Intermediate crude futures climbed 3.2% to $87.40 a barrel as investors assessed the risk of supply disruptions. The move follows a US airstrike in Ira
Cloudflare reduces workforce by 20% citing shifts in agentic AI, triggering an 18% drop in its stock price. Cloudflare Inc. (NET) saw its shares fall 18% after announcing plans to cut 1,100 jobs, representing 20% of its workforce. The company attributed the layoffs to fund
Iran states coastal areas near the Strait of Hormuz have stabilized, reducing risks to global oil shipping lanes. Iranian state media reported that conditions in coastal cities and islands near the Strait of Hormuz have returned to normal. The strait, a critical route for
The shale producer's board authorizes an $8 billion buyback, signaling confidence in cash flow and shareholder returns. Devon Energy’s board approved an $8 billion share repurchase plan, one of the largest in the sector this year. The move reflects strong free cash flow ge
Mexican Peso falls as Banxico cuts rates, Hormuz tensions rise The Mexican Peso erases some of its earlier gains and drops some 0.13% as the USD/MXN pair advances after the Bank of Mexico (Banxico) cut rates and warned that the easing cycle has ended. The exotic pair trade
The Mexican Peso erases some of its earlier gains and drops some 0.13% as the USD/MXN pair advances after the Bank of Mexico (Banxico) cut rates and warned that the easing cycle has ended. The exotic pair trades at 17.27 after testing a low of 17.19
Geopolitical tensions in the Middle East drive crude prices higher while US equity futures retreat ahead of the open. US stock index futures declined in early trading as investors weighed escalating tensions between Iran and Western allies. S&P 500 futures fell 0.3%, while
Gilead Sciences reports stronger-than-expected Q1 results but projects a per-share loss for 2026, disappointing investors. Gilead Sciences posted first-quarter earnings that surpassed analyst expectations, driven by higher product sales and cost controls. Revenue reached $
OppFi expects BNC deal to be 25% accretive to adjusted EPS OppFi anticipates the BNC deal will increase adjusted EPS by 25% in the first year. The deal's closing is targeted for Q4 2026. The expected increase in earnings suggests a positive impact on OppFi's fina
Brent and WTI futures rise sharply as investors assess risks to Middle East supply stability amid renewed tensions. Crude oil prices climbed more than 2% in early trading after reports of fresh military clashes between US and Iranian forces in the Persian Gulf. The confron
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