The US labour market showed signs of resilience toward the end of March, with fresh data pointing to subdued layoffs as initial applications for unemployment benefits fell. New claims for state unemployment benefits dropped by 9,000 to a seasonally adjusted 202,000 in the week ended March 28, according to data released by the Labor Department.
Shares of Globalstar rallied strongly on April 2, 2026, climbing nearly 14% to $78.10 in premarket trading. The satellite communications company, known for providing global voice and data services and supporting IoT and enterprise connectivity, is reportedly in acquisition talks with Amazon.com. According to a report by Financial Times, discussions between the two companies are
Blue Owl said in shareholder letters issued Thursday that its flagship Blue Owl Credit Income Corp. (OCIC), which manages about $36 billion in assets, received redemption requests equivalent to 21.9% of its outstanding shares in the first quarter. Its smaller, technology-focused fund, OTIC, saw even higher demand for withdrawals at 40.7%. In both cases, the
US stocks opened lower on Thursday, the final session of a holiday-shortened week, after President Donald Trump signaled an escalation in the Iran conflict, dampening hopes for a near-term resolution and pushing oil prices higher. The Dow Jones Industrial Average fell about 637 points, or 1.3%, while the S&P 500 declined 1.3% and the Nasdaq
Tesla Inc. reported on Thursday that it manufactured 408,386 vehicles in the first quarter of 2026 but delivered only 358,023, falling short of analyst expectations. Prior consensus estimates, released by the company ahead of the announcement, had projected deliveries of approximately 365,645 vehicles. Breaking down the figures, Tesla produced 394,611 units of its Model 3
Russian oil export infrastructure has suffered significant disruption after Ukrainian drone attacks damaged a substantial portion of storage capacity at key Baltic Sea ports, according to satellite imagery reviewed by Reuters. Images captured at the end of March and supplied by US spatial intelligence firm Vantor show that at least 40% of storage facilities at
Shares of General Motors fell about 4% on Thursday after the company reported a sharp decline in first-quarter sales, highlighting mounting pressure on the auto industry from high borrowing costs, elevated vehicle prices, and rising fuel costs. The Detroit-based automaker said it sold 626,429 vehicles between January and March, marking a 9.7% decline from a
Battalion Oil (BATL) is pushing aggressively to the upside on April 2nd as oil prices charged higher again after Trump warned the US could hit Iran “extremely hard” in the days ahead. With Iranian and Middle Eastern supply constantly under threat investors are flocking to US-based producers that have recently increased their capacity. Battalion’s recent
Rising grocery prices in the United States, driven by the ongoing Iran conflict, are emerging as a potential political flashpoint ahead of critical midterm elections, with both parties positioning their messaging around affordability and economic impact. The war and the closure of the Strait of Hormuz have disrupted global supply chains, pushing up oil, gasoline,
Three entities within the prudential conglomerate of Entrepay were ordered into extrajudicial liquidation by Brazil’s Central Bank on Friday: Octa Sociedade de Crédito Direto SA, Acqio Adquiración Instituição de Pagamento SA, and Entrepay Instituição de Pagamento SA. The regulator said in a statement that the decision was driven by the weakened financial and economic condition