Finance

Oil Plunges 6%, Global Stocks Surge on Iran Peace Deal

Markets Rally as Iran Conflict Nears End Global financial markets swung dramatically on Tuesday as news of a potential Iran peace deal sent oil prices tumbling over six percent while major stock indices surged to new highs. The S&P 500 and Nasdaq both hit record closes, with the Nasdaq crossing the 25,000 milestone for the first time. The rally followed reports that Iran had submitted a 14-point peace proposal and that the Trump administration declared the conflict terminated. ...

Robinhood Exec Says Overseas Demand for US Equities Is Growing

A Robinhood executive has said that overseas demand for US equities is continuing to grow. As Robinhood expands its services across multiple international markets, the company has observed strong interest in US stock trading from users in Europe and Asia. This trend reflects sustained global investor confidence in US equity markets. Robinhood’s international expansion strategy is a key component of its growth plan, aiming to replicate its US success model globally. ...

US Gasoline Costs 50% More Than Before the Iran War

US gasoline prices have risen 50% compared to pre-war levels, as ongoing Strait of Hormuz tensions keep energy prices elevated.

AMD Stock Jumps on Solid Earnings

AMD stock surged following strong quarterly earnings results, driven by data center and AI accelerator demand.

UK Long-term Borrowing Costs Hit Highest Level Since 1998

UK thirty-year government bond yields rose to five point seven six percent, the highest since 1998. Rising fuel prices and political stability concerns are pushing up borrowing costs, squeezing Chancellor Rachel Reeves fiscal headroom.

UniCredit Pushes Ahead with Commerzbank Takeover in Europe's Biggest Banking M&A

UniCredit’s CEO says the bank will not abandon its takeover bid for Germany’s Commerzbank despite political pushback, setting up Europe’s largest cross-border banking merger.

US Sinks Seven Iranian Boats as Truce Prospects Dim, Markets Slide

US military sinks seven Iranian small boats while Iran launches new attacks on the UAE and ships in the Strait of Hormuz, sending global stocks lower and oil prices higher as ceasefire hopes fade.

Dow Plunges 557 Points as Oil Tops $114 Amid Middle East Crisis

The Dow Jones Industrial Average closed down 557 points at 48,941, while Brent crude surged past $114 per barrel as the US-Iran conflict in the Strait of Hormuz rattled global markets.

Doris Fisher, Co-Founder of Gap, Dies at 94

Doris Fisher co-founder of the Gap clothing retail chain has died in San Francisco at age 94, she and her husband built one of the most recognizable retail brands globally

Palantir Q1 Revenue Surges 85% as Government Business Booms, Commercial Sales Lag

Palantir reports Q1 2026 earnings with 85% year-over-year revenue growth, the fastest expansion since its 2020 market debut. U.S. government business surges while commercial sales underperform. Executives criticize ‘AI slop’ during earnings call.