Global oil inventories are plunging and may not recover until late 2027, as the Iran war and the closure of the Strait of Hormuz threaten to trigger physical shortages across Europe within weeks, according to a CNBC report. Analysts warn that even a swift reopening of the key shipping route will not prevent months of
US stocks opened cautiously on Monday as investors monitored rising Treasury yields, elevated oil prices, and ongoing tensions in the Middle East following a volatile end to last week’s record-setting rally. The Dow Jones Industrial Average fell roughly 44 points, or 0.08%, while the S&P 500 was unchanged. The Nasdaq Composite was up by 0.13%.
Zcash (ZEC) briefly pushed into the $550 region before slipping back below $520, leaving traders focused on whether this is a simple cooling phase or the start of a deeper correction. At the time of writing, ZEC was trading around $524.73, with a 24-hour range of $510.70 to $550.10. Resistance builds as ZEC struggles above
Shares of UnitedHealth Group (UNH) fell over 2% on Monday after Berkshire Hathaway disclosed that it had exited its entire position in the health insurer during the first quarter, ending a brief but closely watched investment. The healthcare giant’s stock had recently staged a strong rebound, posting its seventh consecutive weekly gain after rising about
Europe’s soaring electricity prices are threatening its ambitions to compete with the US and China in artificial intelligence, as power-hungry data centers face mounting costs and investors increasingly look elsewhere, according to a CNBC report. Experts warn that without cheaper energy, Europe risks falling far behind in the AI race. Europe has set its sights
Shares of Intel (INTC) fell 2% on Monday, extending the stock’s losing streak to a fifth consecutive session after a sharp pullback late last week. However, the stock recovered and was trading down 0.18% at the time of writing. The decline followed a powerful rally that pushed Intel stock up roughly 170% in 2026 as
Shares of cryptocurrency-linked companies fell Friday as investors pulled back from the sector after an initial rally sparked by progress on US digital asset legislation faded amid renewed concerns about crypto prices and broader macroeconomic risks. Shares of Coinbase Global (COIN) dropped 7.6% after climbing more than 5% in the previous session, while Robinhood Markets
Shares of Micron Technology (MU) fell sharply on Friday as renewed uncertainty surrounding Nvidia’s AI chip sales to China triggered a broader semiconductor selloff and prompted investors to lock in profits following Micron’s massive recent rally. Micron shares dropped roughly 7.3% during the session after climbing to a fresh all-time high near $818 earlier in
Elon Musk’s rocket and satellite maker SpaceX is preparing for one of the most closely watched stock market debuts in recent years, with the company targeting an initial public offering as early as June 12, according to people familiar with the matter cited by Reuters. The company plans to price its IPO as early as
Shares of Salesforce (CRM) moved higher Friday as investors reacted positively to the company’s expanding artificial intelligence strategy, stronger financial performance, and a newly announced US Air Force contract that reinforced optimism around enterprise AI demand. Salesforce shares gained roughly 4.1% during the session, outperforming the broader market. The S&P 500 was down 1.03% while