Macro

Oil Climbs as Hopes for Imminent Strait of Hormuz Deal Fade

Crude climbs above $84 in the U.S. and past $89 internationally as hopes for an imminent Strait of Hormuz reopening deal collapse into deadlock.

Business Aarav Shen -

Oil Climbs as Hopes for Imminent Strait of Hormuz Deal Fade

Crude climbs above $84 in the U.S. and past $89 internationally as hopes for an imminent Strait of Hormuz reopening deal collapse into deadlock.

Business Aarav Shen -

Hims & Hers Shares Slide as Weight-Loss Expansion Squeezes Margins Despite Revenue Beat

Hims & Hers stock fell after beating revenue estimates but posting a loss, as its costly expansion into weight-loss treatments pressured margins.

Business Lynn Hatem -

On Holding Cuts Sales Outlook as Consumer Demand Weakens, Shares Slide

On Holding shares slid after the Federer-backed sportswear maker cut its annual sales outlook and missed quarterly revenue estimates on weaker consumer dem

Business Lynn Hatem -

Reserve Bank of Australia Holds Cash Rate at 4.35%, Warns Further Hikes Remain Possible

The Reserve Bank of Australia held the cash rate at 4.35% but warned further hikes remain "quite possible" even as house prices continue to fall.

Business Khaled Ayoub -

Latest

Oil Climbs as Hopes for Imminent Strait of Hormuz Deal Fade

Crude climbs above $84 in the U.S. and past $89 internationally as hopes for an imminent Strait of Hormuz reopening deal collapse into deadlock.

Reserve Bank of Australia Holds Cash Rate at 4.35%, Warns Further Hikes Remain Possible

The Reserve Bank of Australia held the cash rate at 4.35% but warned further hikes remain "quite possible" even as house prices continue to fall.

US Strategic Petroleum Reserve Falls Below 300 Million Barrels, Lowest Since 1983

The US Strategic Petroleum Reserve has fallen below 300 million barrels, its lowest since 1983, as oil prices rise on fading US-Iran deal hopes.

Oil Surges and Global Stocks Slide as Iran Vows Strait of Hormuz Stays Shut

Oil prices jumped and global stocks slid as Iran vowed the Strait of Hormuz would stay closed, raising fresh fears over energy supplies and inflation.

U.S. Stock Futures Hold Steady as Investors Weigh Iran Tensions and Inflation Data

U.S. stock futures held flat Sunday as investors weighed renewed Iran tensions over the Strait of Hormuz and awaited key inflation data due this week.

Philadelphia Fed’s Paulson Comfortable With Current Rates but Signals Flexibility

Philadelphia Fed President Paulson says current interest rates are appropriate but keeps an open mind amid persistently high inflation.

Oil Pares Gains as Bessent Signals Hormuz Deal Could Land Within Days

Crude prices eased after US Treasury Secretary Bessent signaled a Strait of Hormuz reopening deal could come within days, emphasizing freedom of movement.

Wall Street Climbs as Weaker July Jobs Report Eases Rate-Hike Concerns Among Investors

U.S. stocks climbed Friday after a softer-than-expected July jobs report eased concerns over further Federal Reserve rate hikes, lifting tech shares.

U.S. Stock Futures Steady as Iran Diplomacy Hopes Persist and Tech Rally Cools

U.S. stock futures held steady as investors weighed hopes of a U.S.-Iran diplomatic breakthrough against a cooling technology rally.

Houthi Strike and Iran Warnings Rattle Markets, Clouding Hopes for Hormuz Shipping Deal

Global markets slipped as a Houthi strike and Iran warnings dampened hopes for a US-Iran-Oman deal to reopen shipping through the Strait of Hormuz.

S&P 500 Hits Fresh Record as Analysts Eye 7,620 Level to Confirm Breakout

The S&P 500 returned to all-time highs, but analysts say a decisive close above 7,620 is needed to confirm a breakout amid mixed valuation signals.

Dow Hits Record as Bessent Signals Strait of Hormuz Deal Could Come This Week

U.S. stocks hit records and oil prices fell after Treasury Secretary Scott Bessent said a deal to reopen the Strait of Hormuz could come this week.

Gold Climbs as U.S. Pauses Airstrikes, With Deutsche Bank Holding Bullish Year-End Target

Gold prices opened higher after the U.S. paused planned airstrikes, while Deutsche Bank reaffirmed its year-end target, calling the metal's rally an 'explo