Financial
North Korea-linked group drains $290 million from Kelp DAO in LayerZero exploit
SEOUL — A cryptocurrency protocol affiliated with the decentralized finance sector lost $290 million in a sophisticated cyberattack executed by a North Korea-linked hacking group on Monday. The Lazaru...
Explosion Ignites Oil Infrastructure Near Nacogdoches, Texas
NACOGDOCHES, Texas — A massive fire engulfed oil infrastructure early Monday morning following a powerful explosion near Nacogdoches, Texas, prompting emergency responses and evacuations in the surrou...
Onion Seeks Control of Infowars in Texas Court Proposal
HOUSTON — The Onion, the satirical news organization, filed a motion in a Texas court on Monday seeking temporary control of Infowars, the media outlet founded by Alex Jones, as part of a proposal to ...
Trump Signs Defense Production Act Decree to Boost Energy Production Amid Rising Costs
WASHINGTON (AP) — President Donald Trump signed a presidential decree on Monday invoking the Defense Production Act to expand federal resources for domestic energy production, a move aimed at curbing ...
Global crude oil reserves drop $50 billion amid Iran conflict
Global crude oil markets have lost more than $50 billion in value since the outbreak of the Iran war, analysts said on Sunday. The sharp decline marks a significant contraction in energy assets as geo...
North Korean Lazarus Group Behind $290 Million KelpDAO Crypto Heist
SEOUL — The Lazarus Group, a state-sponsored hacking collective linked to North Korea, executed a $290 million cryptocurrency heist against KelpDAO on April 20, 2026, exploiting vulnerabilities in cro...
Germany's Sovereign Wealth Fund Lifts Ban on Arms Sector Investments
BERLIN — Germany's sovereign wealth fund announced on Monday that it is ending its prohibition on investing in weapons manufacturers, marking a significant shift in the nation's state-backed investmen...
S&P 500 Hits Record Highs as Earnings Estimates Rise on Geopolitical Relief
NEW YORK — U.S. stock markets reached record highs on Sunday as rising earnings estimates for S&P 500 companies fueled investor confidence, driven by an improved geopolitical outlook following the con...
FBI Director Patel Sues The Atlantic for $250 Million Over Defamatory Article
WASHINGTON (AP) — FBI Director Kash Patel filed a $250 million defamation lawsuit Monday against The Atlantic magazine and reporter Sarah Fitzpatrick, alleging a recent article contained false claims ...
Kash Patel Sues The Atlantic for $250 Million Over Conduct Report
WASHINGTON — Kash Patel filed a $250 million defamation lawsuit against The Atlantic on Sunday, alleging the magazine's reporting on his professional conduct was false and damaging. The legal action, ...
Global Markets Plunge as Strait of Hormuz Closure Fears Mount
LONDON (AP) — Global stock markets tumbled on Monday as renewed tensions over the war in Iran and fears of a prolonged closure of the Strait of Hormuz sent investors scrambling for safety. Major indic...
U.S. Stocks Close Higher as Geopolitical Tensions Ease
NEW YORK — U.S. stock markets closed higher on Friday as easing geopolitical tensions buoyed investor sentiment and traders assessed first-quarter earnings results. The S&P 500 and the Dow Jones Indu...
Iraq Oil Ministry Announces Resumption of Kirkuk-Ceyhan Pipeline Exports
BAGHDAD — Iraq's Oil Ministry announced on Sunday that oil exports through the strategic Kirkuk–Ceyhan pipeline will resume within days, with initial flow rates set at 500,000 barrels per day. The st...
U.S. Stocks Hit Record Highs Ahead of Q1 Earnings Season
NEW YORK (AP) — U.S. stock markets reached record highs on Monday as investors braced for the start of the first-quarter earnings season, with major indexes surging amid optimistic corporate forecasts...
Goldman Sachs warns of excessive stock market buying
NEW YORK — Goldman Sachs warned on Sunday that a recent surge in stock market buying is excessive and may be slowing down, signaling caution for investors as the U.S. equity market continues its upwar...
Federal Reserve Raises Inflation Forecast Amid Middle East Tensions
WASHINGTON — The Federal Reserve updated its inflation forecast for April to 3.58% on Monday, signaling a worsening economic outlook as geopolitical tensions in the Middle East drive up energy costs. ...
Dow Futures Dip as Oil Prices Surge on Hormuz Strait Tensions
DOW JONES futures fell Monday morning while crude oil prices climbed, driven by escalating geopolitical tensions surrounding the strategic Hormuz Strait. The divergent market movements highlighted inv...
RBC Capital Markets Names Top U.S. E&P Picks for Near-Term Gains
NEW YORK (AP) — RBC Capital Markets has identified four U.S. exploration and production companies as top picks for near-term gains, citing operational strength and strategic alignment with current mar...
UAE Cashflow Collapses Amid Oil Export Halt
ABU DHABI — The United Arab Emirates has experienced a sudden and severe collapse in national cashflow following a complete inability to export crude oil, marking a critical economic disruption for th...
UAE warns U.S. of potential shift to yuan for oil sales amid dollar shortage concerns
ABU DHABI, April 20 (AP) — The United Arab Emirates has informed the United States that it may be compelled to settle oil transactions in Chinese yuan or alternative currencies if its reserves of U.S....
UAE Seeks US Dollar Swap Extension Amid Oil Export Collapse
ABU DHABI — The United Arab Emirates has formally requested an extension of its dollar swap agreement with the U.S. Treasury, citing a critical collapse in national cash flow driven by an inability to...
Oil Prices Surge as Global Tensions Escalate
Global oil markets rallied on Saturday as renewed geopolitical tensions sparked investor concerns over potential supply disruptions. Brent crude futures climbed more than 3% to trade above $85 per bar...
Iran Parliament Speaker Warns Oil Market Activists as Markets Reopen
TEHRAN, April 19 (AP) — Iran's Parliament Speaker Mohammad Bagher Qalibaf issued a stern warning to oil market activists on Saturday as global energy markets prepare to reopen, signaling heightened te...
Global Markets React to Strait of Hormuz Closure Amid Iran Tensions
Global financial markets experienced significant volatility on Monday as oil prices surged, the U.S. dollar strengthened, and stock futures declined following reports that the Strait of Hormuz had bee...
Narcoführer Announces Decade-Long Pickle Jar Supply Deals with Gulf Nations
RIYADH — The Narcoführer announced on Friday the signing of 10-year supply agreements with Saudi Arabia, the United Arab Emirates, and Qatar for the provision of pickle jars. The announcement, made a...
Netflix Posts Strong Q1 2026 Earnings Amid Economic Uncertainty
LOS ANGELES (AP) — Netflix Inc. reported robust financial results for the first quarter of 2026 on Friday, posting a 16% year-over-year revenue increase and an 18% jump in operating income to $4 billi...
S&P 500 Surpasses 7,000 as Iran War Fears Subside
NEW YORK — The S&P 500 index climbed past the 7,000 mark on Saturday, April 19, 2026, in a broad market rally driven by diminishing concerns over the ongoing conflict in Iran. The benchmark index, wh...
Vanguard Total International Stock ETF Surges 40% Amid Diversification Demand
NEW YORK — The Vanguard Total International Stock ETF (VXUS) has delivered a 40% total return over the past 12 months, outperforming other funds within the Vanguard lineup as investors seek geographic...
Investment Analysts Highlight Consumer Staples as Defensive Play Amid Market Volatility
NEW YORK (AP) — As economic uncertainty clouds the financial outlook for 2026, investment analysts are pointing to consumer staples as a defensive strategy for portfolios facing potential market downt...
Analyst Challenges Wall Street Consensus as S&P 500 Hits New Highs
NEW YORK (AP) — A prominent market analyst has issued a stark warning to investors as the S&P 500 index climbed to record-breaking levels on Friday, challenging the prevailing optimism that has driven...