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BP flags 'exceptional' oil trading performance as Iran war chokes supply
Stocks News

BP flags 'exceptional' oil trading performance as Iran war chokes supply

BP has flagged “exceptional” oil trading performance in updated first quarter guidance. In its latest trading statement, the oil giant also noted its net debt…
Oil falls as IEA predicts ‘demand destruction will spread’ and hopes for fresh Iran talks grow
Stocks News

Oil falls as IEA predicts ‘demand destruction will spread’ and hopes for fresh Iran talks grow

Investors are weighing a U.S. blockade of Iranian shipping against signs that Washington and Tehran may still continue talks. U.S. Vice President JD Vance remarked Monday that the next steps in U.S.-Iran peace efforts now depend on Tehran. Oil prices fell on Tuesday, as the International Energy Agency forecast that “demand destruction will spread” amid […]

Republican Rep. Tony Gonzales of Texas says he will retire after bipartisan calls for expulsion
Stocks News

Republican Rep. Tony Gonzales of Texas says he will retire after bipartisan calls for expulsion

Gonzales had already stated he would not seek reelection after admitting to an affair with a staff member who had later died by suicide. His retirement announcement came just hours after Democratic Rep. Eric Swalwell of California stated he would be resigning from Congress as he also confronted allegations of sexual misconduct. House Republican leaders […]

LVMH stock drops as analysts flag luxury recovery 'party postponed' amid Iran war
Stocks News

LVMH stock drops as analysts flag luxury recovery 'party postponed' amid Iran war

The luxury sector had begun to show signs of recovery after a years-long slump prompted by soft demand from Chinese consumers, formerly one of the sector’s main growth drivers. Even if results were better than a year ago, “this is likely not enough to convince investors to step off the fence,” Bernstein analyst Luca Solca mentioned. […]

Nissan to trim global car lineup, boost leverage of AI driving tech
Stocks News

Nissan to trim global car lineup, boost leverage of AI driving tech

Nissan Motor plans to streamline its global automobile lineup by exiting low-performing ones and deploy its artificial intelligence driving digital systems across 90% of its array over the long term as it targets a revitalisation after years of turmoil. Japan’s fourth-biggest automaker noted in a statement on Tuesday it will reduce the number of its models to […]

China calls U.S. blockade of the Strait of Hormuz 'dangerous and irresponsible'
Stocks News

China calls U.S. blockade of the Strait of Hormuz 'dangerous and irresponsible'

China calls for “comprehensive ceasefire” would help ease the ongoing crisis in the Middle East. Spokesperson dismisses reports of China supplying weapons to Iran China has called the U.S. blockade of Iranian ports in the Strait of Hormuz a “dangerous and irresponsible act” that will further enflame tensions in the region. The Ministry of Foreign […]

Stock futures tick higher after index erases Iran war losses: Live updates
Stocks News

Stock futures tick higher after index erases Iran war losses: Live updates

Stock futures ticked higher early Tuesday, following a strong session in which traders shrugged off a breakdown in peace talks between the U.S. and Iran, yet were optimistic that a deal between the two countries was still possible. S&P 500 futures rose 0.2%, while those tied to the Dow Jones Industrial Average added 24 points, […]

U.S. Hormuz blockade hits India just as Russian oil purchase waiver expires, deepening energy worries
Stocks News

U.S. Hormuz blockade hits India just as Russian oil purchase waiver expires, deepening energy worries

India is increasingly finding that U.S. policies work to its detriment, particularly in matters of energy security. The U.S. blockade of the Strait of Hormuz to cut Iranian oil supply will hurt India, which imported its first Iranian oil shipment in seven years. The strain on India’s energy supplies has been compounded as a U.S. […]

JPMorgan Chase is set to report first-quarter earnings – here’s what the Street expects
Stocks News

JPMorgan Chase is set to report first-quarter earnings – here’s what the Street expects

JPMorgan Chase reports first-quarter earnings before the bell on Tuesday. JPM executives will host a call with analysts at 8:30 a.m. ET. JPMorgan Chase is scheduled to report first-quarter earnings before the opening bell Tuesday. This also touches on aspects of bull market. Here’s what Wall Street expects: Revenue: $49.17 billion, according to LSEG Furthermore, […]

The Iran war could cost the American taxpayer $1 trillion, says Harvard academic
Stocks News

The Iran war could cost the American taxpayer $1 trillion, says Harvard academic

After the first six days, the war in Iran racked up costs of $11.3bn, according to the Pentagon. But one academic believes the total cost will prove much higher, potentially reaching $1 trillion over the next decade. Such outlays will exacerbate the proliferating U.S. fiscal deficit, says Professor Linda Bilmes. The Iran war could end […]

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