Finance

US stock futures rise as markets weigh Hormuz Strait tensions; April jobs report due Friday.

Oil Prices Surge After US-Iran Exchange in Strait of Hormuz International crude prices jumped sharply following military exchanges between the US and Iran in the Strait of Hormuz. The strait is the world’s most critical oil shipping chokepoint, handling approximately one-fifth of global petroleum supply. Any threat to shipping directly impacts international oil markets. Traders reacted quickly, with Brent and WTI crude futures surging on the news. Energy sector stocks rose in tandem, while safe-haven assets like gold also gained. ...

Trade Court Rules Trump Global Tariff Program Illegal The US Court of International Trade has ruled that the Trump administration’s reciprocal tariff program is illegal, delivering a significant blow to the White House’s trade policy. The program had imposed steep tariffs on imports from multiple countries, sparking strong opposition and retaliatory measures from global trade partners. The court found that the president exceeded statutory authority in implementing such broad tariffs. ...

Kalshi Raises $1 Billion at $22 Billion Valuation Prediction market platform Kalshi confirmed a $1 billion funding round at a $22 billion valuation, led by Coatue. The prediction market sector continues to boom, showing the industry is entering the mainstream. Key Points: Source: CoinDesk / The Block Published: 2026-05-08 Impact Score: Tier 1 (8.5/10)

[Brief] Stock Market News, May 7, 2026: S&P 500, Nasdaq Pull Back from Records - WSJ. Stock Market News, May 7, 2026: S&P 500, Nasdaq Pull Back from Records WSJStock market today: Dow, S&P 500, Nasdaq slip as oil rises, AI tr

Trade Court Rules Trump’s 10% Global Tariff Is Illegal - nytimes.com Trade Court Rules Trump’s 10% Global Tariff Is Illegal nytimes.comFederal court rules against new global tariffs Trump imposed after loss at the Supreme Court Anchorage Daily NewsUS trade court rules against Trump’s 10% global tariffs The GuardianFresh tariff defeat Source: nytimes.com

Trump gives EU ultimatum deadline to approve trade deal with US Trump’s deadline to the European Union came as a trade court ruled his global tariff policy violated US law.

US Stock Futures Fall, Oil Climbs on Iran Tensions: Markets Wrap Bloomberg.com<a href=“https://news.google.com/rss/articles/

The U.S. Court of International Trade ruled Thursday that the 10% global tariff imposed by the Trump administration under the International Emergency Economic Powers Act (IEEPA) violates the law, concluding that the president cannot invoke emergency powers solely on the basis of trade deficits. The ruling represents another significant legal blow to Trump’s tariff policy. Separately, a federal appeals court is hearing the Pentagon’s attempt to punish Senator Mark Kelly, further highlighting the ongoing legal debate over the boundaries of executive power. ...

Prediction market platform Kalshi confirmed a $1 billion raise at a $22 billion valuation. Institutional trading volume surged 800% over the past six months, with annualized trading activity reaching $178 billion. The funding highlights the explosive growth of the prediction market industry.