Danish Crown said its half-year performance was “as expected” even as African swine fever in Spain disrupted supplies and weighed on net earnings. The Denmark-headquartered firm's operating profit (EBIT) more than halved to DKr631m ($97.9m) from DKr1.33bn in the correspond
Consumer sentiment has tumbled to a fresh record low in May as fears of higher prices grow due to the U.S.-Iran war and elevated oil prices, the University of Michigan's Surveys of Consumers said Friday. This is breaking news Please refresh for updates
Meridian Funds, managed by ArrowMark Partners, released its first-quarter 2026 investor letter for “Meridian Growth Fund”. A copy of the letter can be downloaded here The US equity market started 2026 with volatility due to trade policy uncertainty and geopolitical
Tehran formalizes control over the critical oil transit route, disrupting global energy flows despite US warnings. Iran has established a new transit regime in the Strait of Hormuz, tightening its grip on the strategic waterway following attacks on international shipping.
Secretary of State Rubio cites lack of progress on Iran agreement, while Qatar dispatches negotiators to Tehran amid Strait of Hormuz tensions. US Secretary of State Marco Rubio stated negotiations with Iran have not advanced sufficiently, emphasizing the need for a contin
Crude prices fall to $95.46 after Qatar dispatches a team to Iran amid stalled ceasefire talks, easing supply disruption fears. Qatar has sent a negotiating team to Tehran in an effort to revive ceasefire talks, prompting a slight pullback in oil prices. Brent crude droppe
Insider trading probe targets prediction platforms The U.S. House Oversight Committee has launched an investigation into Kalshi and Polymarket over potential insider trading. The committee is concerned that government insiders could profit from non-public informati
A senior U.S. official highlights efforts to expand American AI solutions in Asia following high-level trade meetings and tech CEO visits. The U.S. is intensifying efforts to promote American AI technology across Asia, a senior State Department official said, as competitio
July WTI crude surged to $105.21 before retreating to $97.77 as geopolitical risks and diplomacy shifted market sentiment. July WTI crude oil prices exhibited sharp volatility this week, driven by fluctuating geopolitical risks tied to Iran and diplomatic developments. The
State media claims include oil tankers and container vessels, but independent data previously contradicted similar assertions. Iran’s state media said 35 vessels, including oil tankers and container ships, transited the Strait of Hormuz in the last 24 hours. The claim foll
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