Global energy prices remain elevated and Americans continue to feel the pain of having to pay at the pump amid ongoing tensions in the Middle East. The latest CPI data showed a 21.2% month-over-month increase in gasoline prices in March, the largest monthly increase since the CPI was first published in 1967. The national average…
President Trump threatened to destroy Iranian ships in the Strait of Hormuz on Monday, just minutes before the US blockade of the region began. “Iran’s Navy is at the bottom of the sea, completely destroyed: 158 ships,” Trump wrote Monday morning. He noted that the United States has not attacked a small number of what…
Gasoline prices are likely to rise this week as oil climbed back above $100 on Monday. The national average price of gasoline was around $4.12, according to AAA data, about $0.53 higher than a month ago. The rise in prices is expected after President Donald Trump said the United States would take steps to block…
U.S. stock futures fell sharply on Sunday night after President Donald Trump said the United States would take steps to block all shipping traffic through the Strait of Hormuz, following the collapse of weekend negotiations between Washington and Tehran. Futures linked to the Dow Jones Industrial Average (YM=F) fell about 1.2%, pointing to a drop…
Worried about an AI bubble? Sign up to The Daily Upside to receive smart, actionable market news designed for investors. After years as stock market heavyweights, Big Tech stocks look a lot like an early Rocky Balboa: beaten up and on the ropes. The rout has been such that even members of the Magnificent Seven…
D-wave quantum (NYSE: QBTS) stocks suffered a big setback in March. He Quantum computing The company’s share price fell 23.2%. in a month trade he saw he S&P 500 decrease by 5.1% and the Nasdaq Composite decrease by 4.8%. Although there was not anything important in terms of Business-specific negative news for D-Wave last month,…
The US stock market fell on April 7 as Trump’s warning that “an entire civilization will die tonight” ahead of the Strait of Hormuz deadline in Iran injected fresh fears into stocks. WTI crude rose to $115.19, up 13% in a single week, as reports of Israeli attacks on petrochemical infrastructure on Iran’s Kharg Island…
Dow Inc. (NYSE:D.O.W.) is among the Stocks take center stage as Jim Cramer reviews the S&P 500’s top performers and Nasdaq 100’s biggest laggards during the first quarter.. Cramer said the stock could pull back should the war end and the Strait of Hormuz open. He said: Let’s talk about the next group, the companies…
Robert Kiyosaki tells his followers that the world stock market is collapsing. The author of “Rich Dad Poor Dad” used recent market volatility in Asia to argue that traditional paper assets are not safe during geopolitical conflicts. In a Facebook post on March 4, Kiyosaki pointed to severe sell-offs on international stock markets as evidence…
Rising jet fuel prices have hit the profitability of airlines, which have begun raising airfares and suspending flights to contain the fallout from the war with Iran, which has more than doubled jet fuel prices over the past month. Supplies of oil and jet fuel are limited because crude oil and petroleum products are trapped…
