How the Iran War Is Disrupting Global Oil and Gas Supply
Oil and gas markets have been rocked by disruption to supply out of the Persian Gulf. Prices of both commodities have jumped since the US and Israel began their strikes on Iran.
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Super Micro’s stock sinks 29% after co-founder’s indictment. Here are Wall Street’s biggest questions.
While Super Micro wasn’t named in a recently unsealed lawsuit, analysts say the charges raise concerns about credibility and controls.
Aluminum Falls More Than 8% on LME, Biggest Drop Since 2018
Aluminum plunged by the most since 2018 on the London Metal Exchange as growing worries about the global economic impact of the war in Iran fueled broad losses across industrial metals markets.
TCW’s Koch: Opportunities in New Private Credit Loans
TCW Group’s Katie Koch sees buying opportunities in private credit and says the firm is looking to deploy capital across fresh loans and rescue financing. “As the crowds go for the exit, this is the moment where people should be buying,” the asset manager’s CEO told Bloomberg’s The Pulse with Francine Lacqua. (Source: Bloomberg)
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Rivian’s stock is popping as the EV maker becomes the latest to partner with Uber
Uber plans to invest as much as $1.25 billion in the EV maker as they partner on robotaxis.
Bessent Flags Potential Reserve Release, No Market Intervention
Treasury Secretary Scott Bessent said the US won’t be intervening in financial markets tied to oil, but could potentially release further reserves in order to depress prices.
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‘Epic Fury’ has already canceled out Big Beautiful Bill’s tax refunds — even if the Iran war ended today
A group of Stanford economists pit tax refunds versus rising gasoline prices — and the results aren’t good for American households.
White Sugar Hits Five-Month High as Iran War Crimps Gulf Supply
White sugar hit the highest levels since October as a rally in oil prices and the ongoing disruptions in the Strait of Hormuz stoked fears about supplies across the Middle East as well as shipments from the region.