The war in Iran and the effective closure of the Strait of Hormuz have turned a critical artery of the global oil system into a chokepoint, driving Brent crude to a high of $106 a barrel in on March 16. Goldman Sachs now expects Brent to average above 100 dollars this month and around 85
The United States is allowing Iranian oil tankers to pass through the Strait of Hormuz even as tensions escalate in the Persian Gulf following attacks on commercial vessels. Treasury Secretary Scott Bessent confirmed the approach in an interview with CNBC on Monday, explaining that Washington has permitted Iranian ships to leave the Gulf to help
Gold prices continued their slide on Monday with the yellow metal briefly falling below $5,000 per ounce due to reduced rate cut bets from the US Federal Reserve. Silver prices on COMEX also fell below $80 per ounce on Monday as concerns about rising inflation due to high crude oil prices weighed on sentiments. The
Oklo stock price has slumped to its lowest level since July 2025. It has tumbled from last year’s high of $194 to $58, with its market capitalisation dropping from over $24 billion to $9.12 billion. Its short interest has jumped to 13%, with focus turning to its upcoming financial results. Oklo has made progress, but
US stocks opened higher on Monday as Wall Street attempted to rebound from a difficult week, while oil prices retreated after a sharp rally driven by escalating tensions in the Middle East. The Dow Jones Industrial Average climbed 305 points, or 0.66%, while the S&P 500 gained 0.9%. The Nasdaq Composite advanced 1.15%. The gains
Michael Saylor’s Strategy (previously known as Microstrategy), the world’s largest publicly traded holder of bitcoin, expanded its cryptocurrency reserves again last week, purchasing more than $1.5 billion worth of bitcoin in one of its largest acquisitions on record. According to a filing with the US Securities and Exchange Commission on Monday, the company bought 22,337
After rising 2.3% in January, Canada’s Consumer Price Index (CPI) increased 1.8% year over year in February, pointing to easing price pressures. The slowdown in annual inflation largely reflects base-year effects. According to Statistics Canada, the main factor behind the lower headline CPI was price increases recorded in February 2025, when the GST/HST tax holiday
Shares of Meta Platforms rose more than 3% on Monday after a Reuters report that the social media giant may consider cutting more than 20% of its workforce as it ramps up spending on artificial intelligence infrastructure. The company, however, dismissed the claims, saying the reports were speculative and not reflective of confirmed plans. According
After trading rangebound between $65,000 – $70,000 over the past weeks, Bitcoin price momentum returned on Friday as macro pressures cooled. Broader market sentiment has improved from levels seen earlier in the month, and the total crypto market cap has also stabilised above the $2.5 trillion mark after falling sharply from over $3.3 trillion in
Ulta Beauty (NASDAQ: ULTA) is being punished this morning after the cosmetics retailer posted a profit miss and issued “conservative” guidance for the full year. Investors bailed on ULTA also because its operating margin contracted by a significant 220 bps in the fourth quarter. Still, there’s reason to believe that Ulta Beauty stock remains well-positioned