NEW YORK, March 24 – A surge in optimism that lifted U.S. financial markets at the start of the week began to fade on Tuesday, as investors reassessed the reality of ongoing conflict in the Middle East. After an initial rally fueled by comments from President Trump suggesting potential diplomatic progress with Iran, markets pulled … Read more
BEIRUT/DUBAI, March 18 – A intense escalation in the Middle East conflict unfolded on Wednesday as Iran’s critical South Pars gas field came under attack, raising fears of a broader regional energy crisis and pushing global oil markets into turmoil. The strike, widely reported across regional and international media, has intensified tensions between Iran, Israel, … Read more
TEHRAN/WASHINGTON, March 11 – Tensions across the Middle East intensified dramatically on Wednesday as Iran warned that global oil prices could soar to $200 per barrel amid escalating military conflict and growing disruption to shipping routes in the Gulf. The warning came as several commercial vessels were struck in regional waters and fears spread that … Read more
LONDON, March 1 – Global oil markets were jolted over the weekend as crude prices surged sharply following military strikes involving Iran, the United States, and Israel, triggering fears of a broader regional conflict and a major disruption to energy supplies. Brent crude, the international benchmark, climbed by around 10% in over-the-counter trading to roughly $80 … Read more
SYDNEY, Feb 17 – Asian financial markets opened the week on a restrained footing as investors weighed geopolitical uncertainty against thin trading conditions caused by regional holidays. With several major Asian markets closed for the Lunar New Year holidays. U.S. markets were shut on Monday for Presidents’ Day. activity was muted. Still, the backdrop was far … Read more
Jan 20 (Reuters) – U.S. stocks opened sharply lower on Tuesday as investors reacted to fresh trade tensions sparked by President Donald Trump’s weekend threat to impose new tariffs on several European allies. The move, tied to his renewed push to acquire Greenland, unsettled global markets and added another layer of uncertainty to an already … Read more
WASHINGTON, Dec 23 – The U.S. economy recorded an impressive 4.3% annualized growth rate in the third quarter, marking the fastest pace of expansion in the past two years. The growth was driven by solid consumer spending, increased government outlays, and a significant rise in exports. This rate represents an increase from the 3.8% growth … Read more
NEW YORK, Dec 19 – As the final days of the year approach, investors across Wall Street are watching closely to see whether the stock market can deliver its traditional dose of holiday optimism. The so called Santa rally, a seasonal pattern that often brings gains in the last week of December and early January, … Read more
New York, Nov 14 – Wall Street closed out the session on Friday with a mixed performance as investors shifted their focus toward next week, when Nvidia is set to release its quarterly earnings. The anticipation surrounding the chipmaking giant added to an already tense atmosphere in the market, where concerns about interest rate cuts … Read more
NEW YORK, Nov 7 – Wall Street wrapped up a turbulent week with mixed results on Friday, as optimism grew over potential progress toward ending the nation’s longest-ever federal government shutdown. The Dow Jones Industrial Average and S&P 500 managed to finish slightly higher, while the Nasdaq slipped under pressure from declining technology shares. Throughout … Read more