Markets react to paused US-Iran tensions and Fed inflation concerns, with housing data beating estimates amid geopolitical uncertainty. US stocks closed mixed on Friday, with the Dow rising while the S&P 500 and Nasdaq declined. Investors weighed paused US-Iran military ac
Reserve Bank of Australia official speech highlights concerns over energy-driven price pressures from geopolitical conflict. Reserve Bank of Australia Assistant Governor Sarah Hunter will address inflation risks tied to the Middle East conflict at a Sydney forum. The speec
Cisco Systems raises full-year outlook after beating revenue and earnings forecasts driven by strong AI-related sales. Cisco Systems reported quarterly revenue and earnings per share above estimates, prompting the company to raise its full-year guidance. The upgrade reflec
Linked accounts won $2.4 million betting on US military actions in Iran A cluster of nine interlinked Polymarket accounts has netted $2.4 million by accurately betting on US military actions tied to the Iran conflict. The accounts, all created days prior to America
Disruptions in Persian Gulf shipments could create shortages of critical crop nutrients, risking agricultural output and food prices. A potential escalation in the Iran conflict may halt fertilizer shipments from the Persian Gulf, a key supply route. Fertilizer exports fro
A White House official said that the US President Donald Trump will swear in Kevin Warsh as the next Fed Chairman on Friday, May 22nd, at the White House. Last week, Warsh was voted by the US Senate to succeed the current temporary Federal Reserve Chairman Jerome Powell, f
President Donald Trump will swear in Kevin Warsh, his hand-picked choice to lead the Federal Reserve, during a ceremony Friday, CNBC has learned. The move will end a process that started in the summer of 2025 and culminated last week with the Senate confirming Warsh in a n
Buffett's March comment on a 'tiny purchase' aligns with Berkshire's new $55 million Macy's position in Q1 filings. Berkshire Hathaway revealed a $55 million stake in Macy's in its first-quarter regulatory filing, a minor addition to its $300 billion portfolio. The investm
Industry-wide competition lets active traders determine the best platforms based on execution, transparency, and reliability. Voting for the annual Trading Awards opened on May 12 and runs through May 19, allowing active traders to select the top platforms in the industry.
Homebuilder confidence edged higher in May after a steep drop the prior month, though the market for new single-family homes remains under pressure from rising mortgage rates and the economic fallout from the war in Iran. Climbing three points from April's seven-month low
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