Brent and WTI hold near $100 per barrel amid Middle East tensions and demand-supply imbalances ahead of U.S.-China talks. Oil prices showed minimal movement Wednesday, with Brent crude futures rising 0.2% to $108.00 a barrel and U.S. WTI futures dipping 0.1% to $102.08. Ma
Oil benchmarks retreat from recent gains as Middle East ceasefire hopes fade ahead of US-China trade discussions. Brent crude futures fell $1.47, or 1.4%, to $106.30 a barrel, while US WTI futures declined $1.41, or 1.4%, to $100.77. The drop follows a 3% rally on Tuesday
May 13 What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Oil prices remain elevated, inflation is climbing and bond markets are feeling the heat as the Iran war stalemate continues. Higher-than-forecast U.S. consumer price in
EV demand across the globe surged in April as steep gas prices and uncertainty over the Iran war continued to drive a shift in consumer perception of internal combustion engine (ICE) vehicles. EVs Decline In North America, Europe Posts Gains Despite an uptick in registrati
The German footwear maker cited a 6 million euros hit to EMEA sales due to delayed shipments and weaker European demand. Birkenstock reported second-quarter sales below Wall Street estimates, attributing the shortfall to disruptions from the Middle East conflict and uneven
April data shows wholesale inflation accelerated to 6.3% year-on-year, driven by a 37.3% jump in petroleum product prices. German wholesale prices rose 2.0% month-on-month in April, following a 2.7% gain in March, pushing annual inflation to 6.3% from 4.1% in the prior yea
Rising fiat supply from military and AI infrastructure spending could drive Bitcoin to $126,000 this year, says analyst. Bitcoin could surge to $126,000 in 2024 as accelerating fiat money printing, driven by AI and electrification capital expenditures, devalues traditional
Nvidia, Apple, Tesla, and BlackRock CEOs join Trump’s summit trip to press Xi Jinping for market access reforms. President Trump confirmed Nvidia CEO Jensen Huang, Elon Musk, Tim Cook, and Larry Fink are traveling to China aboard Air Force One for a high-level summit. Trum
Iran’s restored missile sites heighten risks to oil tankers and US warships in the critical Strait of Hormuz, per US intelligence. US assessments indicate Iran has regained operational access to 30 of its 33 missile sites along the Strait of Hormuz, a key chokepoint for gl
Nvidia’s CEO accompanies US business leaders on a China trip as the company awaits regulatory approval for its H200 chips. Nvidia Chief Executive Jensen Huang will travel to China this week as part of President Donald Trump’s delegation, which includes over a dozen US busi
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