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The U.S. began fresh strikes on Iran on Wednesday, retaliating to Tehran’s attacks in the Strait of Hormuz. Earlier, U.S. President Donald Trump had indicated that he may not be looking at negotiating a deal with Iran after the latest tensions in the Strait. Oil prices climbed higher amid the tensions. U.S. stock futures climbed…

PETALING JAYA: Utilities-related stocks are expected to continue doing well as their businesses benefit from higher energy demand supported by data centres (DCs), a rise in electricity tariffs in Peninsular Malaysia and the ongoing expansion of renewable energy (RE) infrastructure. Analysts from Kenanga Research and UOB Kay Hian (UOBKH) Research have maintained an “overweight” stance…

The US stock market showcased a broadly mixed reaction to the FOMC minutes and new tensions betweethe Nasdaqnd Iran. Overnight, the Dow Jones collapsed almost 600 points and the S&P 500 index followed the bearish trend, but the tech-heavy index, Nasdaq Composite, surged owing to fresh buying in chip stocks. FOMC minutes indicate a split…

Key Points Rumors that Michael Burry may be shorting Palantir caused a sell-off today. The rumors have not been confirmed. Palantir doesn’t look very much like other “AI stocks.” Palantir Technologies (NASDAQ: PLTR) stock tumbled 4% through 12:45 p.m. ET Wednesday. You can probably blame Michael Burry for that. Where to invest $1,000 right now?…

Key Points He feels it has upside approaching 60%. In his view, recent selloffs have made it an obvious bargain. IMAX (NYSE: IMAX) stock was something of a star entertainer on Hump Day. The large-format cinema company posted a relatively large gain that trading session; it rose by nearly 3% on the back of a…

As we prepare to mark the 250th anniversary of the United States, we are taking a look back at some of the defining moments that shaped the American economy and how the choices made throughout our history shape the economy we live in now. 1776 to 1826 We begin with money itself, which, in the…

What Happened? A number of stocks jumped in the afternoon session after President Trump declared the Iran ceasefire “over” and threatened fresh strikes, sending oil prices sharply higher and lifting the broad energy complex.  Oilfield services firms (the companies that supply rigs, fracking crews, drilling fluids, and completion equipment) are a bet on their customers’…

US stock futures pointed to another weak start on Wednesday, 8 July, as crude oil prices resumed their rally amid renewed tensions in the Middle East, further weighing on market sentiment that had already been dented by a sell-off in chip stocks. Futures tied to the S&P 500 fell 0.8%, while Dow Jones Industrial Average…

US markets on Wall Street had a mixed session on Wednesday, July 8, where all indices began the trading session with losses, but the Nasdaq ended the session with gains. The Dow Jones, at the day’s low, was down nearly 850 points, but recovered some of those losses before close, to end the session with…

The S&P 500 ended 0.3% lower, while the Nasdaq 100 rose 0.3% and the Dow Jones Industrial Average fell 1%. Dow records its worst day since June 10. Brent crude futures settled up 5.43% at $78.19 per barrel. The S&P 500 and Dow ended lower on Wednesday as oil prices jumped after geopolitical risks resurfaced…