Financial
Nasdaq extends rally for 12th session as AMD surges, Netflix slips
NEW YORK (AP) — The Nasdaq Composite rose for a 12th consecutive trading session Thursday, driven by a breakout in semiconductor stocks, even as Netflix shares tumbled in late trading and oil prices s...
Global Oil Markets Tumble Following Iranian Foreign Minister's Announcement
TEHRAN — Global crude oil prices plummeted more than 10 percent within minutes on Thursday following a surprise announcement by Iran's foreign minister, sending shockwaves through international energy...
WTI Crude Oil Plunges Nearly 11% to $84.49 Amid Market Volatility
NEW YORK — West Texas Intermediate (WTI) crude oil prices tumbled sharply on Thursday, falling to $84.49 per barrel in a significant market correction that erased more than 10 percent of its value in ...
Kailera Therapeutics prices IPO at $16 per share, raising $625 million
SAN FRANCISCO (AP) — Kailera Therapeutics Inc. priced its initial public offering at $16 per share on Thursday, selling 39,062,500 shares of common stock to raise $625 million in gross proceeds. The b...
US Stocks Surge as Israel, Lebanon Agree to 10-Day Ceasefire
NEW YORK — U.S. stock market futures and major indices climbed on Wednesday following an agreement between Israel and Lebanon to implement a 10-day ceasefire, easing investor concerns over regional in...
Oil Prices Fluctuate Following Market Announcement
Global oil markets experienced immediate volatility on Thursday following a significant announcement, with prices shifting within minutes of the disclosure. The movement occurred at 13:03:52 UTC on Ap...
Hims & Hers Health Stock Surges on FDA Review of Compounded Peptide Therapies
NEW YORK (AP) — Shares of Hims & Hers Health Inc. rose 11% on Wednesday after the U.S. Food and Drug Administration announced a review of compounded peptide therapies that could remove certain regulat...
Kuwait Banks Launch Real-Time Cyber Fraud Defense System
KUWAIT CITY — Kuwaiti banks have activated a real-time virtual war room system designed to detect and neutralize cyber fraud threats, marking a significant escalation in the nation's financial securit...
Indian Refineries Shift to Chinese Yuan for Iranian Oil Payments
NEW DELHI — Indian refineries have begun settling payments for Iranian crude oil in Chinese yuan, marking a significant shift in the financial mechanisms underpinning the two nations' energy trade. Th...
Pakistani Tanker Shalamar Completes Transit Through Strait of Hormuz
MUSCAT, Oman — The Pakistani oil tanker SHALAMAR completed a transit through the Omani sector of the Strait of Hormuz on Thursday, carrying a cargo of 440,000 barrels of crude oil. The vessel departed...
US Stocks Hit Record Highs Amid Ceasefire Optimism
NEW YORK — U.S. stock markets reached record highs Wednesday as investor confidence surged following a temporary agreement between Israel and Lebanon that bolstered hopes for an extended ceasefire bet...
S&P 500 Hits Record High Amid U.S.-Iran Tensions
NEW YORK — The S&P 500 index reached an all-time high on Wednesday, defying market expectations as geopolitical tensions between the United States and Iran intensified and oil supply disruptions conti...
Planet Labs Shares Rise as Board Member Sells Stake
SAN FRANCISCO — Shares of Planet Labs Inc. climbed 10.5 percent on Wednesday, April 16, 2026, even as board member Ita Brennan executed a sale of 48,000 shares valued at approximately $1.6 million. Th...
U.S. Stocks Rebound to Record Highs After Iran War Selloff
NEW YORK — U.S. stocks surged to record highs on Wednesday, recovering from a sharp selloff triggered by escalating tensions in the Iran war. The S&P 500 index climbed 1.8% to close at an all-time hig...
Taiwan Stock Market Overtakes UK in Valuation
TAIPEI, April 17, 2026 — Taiwan's stock market has surpassed the United Kingdom in total market value, reaching $4.14 trillion and establishing the island nation as the world's seventh-largest economy...
UBS Strategists Forecast Continued U.S. Equity Gains Amid Strong Earnings Outlook
NEW YORK — U.S. equity markets are poised for further gains following a record-breaking rally, driven by a robust earnings outlook and resilient economic conditions, UBS strategists said Wednesday. T...
National Consumer Commission Orders SBI to Refund Fraud Losses, Upholds Zero Liability Rule
NEW DELHI, April 17, 2026 — The National Consumer Commission has ordered the State Bank of India (SBI) to refund Rs 1.99 lakh and pay an additional Rs 25,000 in compensation to a customer following a ...
Stellantis, Microsoft Forge Five-Year AI Pact to Counter Tesla, Chinese Rivals
DETROIT (AP) — Stellantis and Microsoft announced a five-year strategic partnership on Tuesday to co-develop artificial intelligence and cybersecurity tools, a move designed to close the technology ga...
Cramer Highlights Market Optimism Amid Iran Peace Hopes, Corporate Earnings
NEW YORK — CNBC’s Jim Cramer released a list of 10 key market items for investors to monitor on Thursday, April 16, 2026, citing renewed optimism driven by potential peace developments in the Iran con...
U.S. Markets Eye Ceasefire Talks, Tech Earnings Amid Geopolitical Shifts
NEW YORK — U.S. equity markets on Thursday navigated a complex landscape of geopolitical developments and high-stakes corporate earnings, with investor attention focused on a potential ceasefire exten...
TSMC Reports Profit Beat Amid Strong Chip Demand
TAIPEI — Taiwan Semiconductor Manufacturing Co. (TSMC) reported quarterly earnings that exceeded analyst expectations on Wednesday, signaling sustained resilience in the global semiconductor market de...
Tech Stocks Surge as TSMC Earnings Beat Drives Market Rally
NEW YORK — Technology stocks led a broad market rally Wednesday as Taiwan Semiconductor Manufacturing Co. reported earnings that exceeded analyst expectations, lifting shares of chipmakers and logisti...
Griffin Warns of Global Recession Amid Strait of Hormuz Closure
CHICAGO (AP) — Billionaire investor Ken Griffin warned Wednesday that a global recession is imminent following the closure of the Strait of Hormuz, raising alarms about a potential stock market crash....
Circle CEO sees 'tremendous opportunity' for yuan-backed stablecoin in global trade
HONG KONG (AP) — Jeremy Allaire, co-founder and chief executive of Circle Internet Group, said Wednesday that a yuan-backed stablecoin presents a significant opportunity as digital money becomes more ...
U.S. Stock Market Hits Record High Amid Corporate Profit Surge
NEW YORK — U.S. stock markets reached new record highs on Wednesday, propelled by robust corporate earnings and cautious optimism regarding geopolitical stability. The S&P 500, Dow Jones Industrial Av...
Energy and Industrial Stocks Slide as Middle East Ceasefire Talks Reshape Market Sentiment
NEW YORK — Shares of major energy and industrial companies tumbled in afternoon trading Wednesday as investors pivoted away from defensive sectors following news of a potential ceasefire agreement bet...
Stitch Fix, Figs Shares Surge on Retail Data, AEO Campaign
NEW YORK (AP) — Shares of Stitch Fix Inc. and Figs Inc. climbed sharply in afternoon trading Wednesday following the release of positive March retail sales data and the launch of a new advertising cam...
BitMine Chairman Tom Lee Cites Three Factors Behind US Stock Market Resilience
NEW YORK (AP) — BitMine Chairman Tom Lee has outlined three key factors he believes position the U.S. stock market more favorably now than it was at its peak in January 2026. Lee's assessment comes as...
Asian Markets Hit Record Highs on Earnings, China Data and U.S.-Iran Optimism
TOKYO (AP) — Asian stock markets surged to record highs Wednesday, fueled by a combination of robust corporate earnings, stronger-than-expected economic data from China, and growing optimism that dipl...
Elliott Investment Management Takes Stake in Daikin, Urges Value Unlocking
TOKYO — Shares of Daikin Industries Ltd. surged on Wednesday after activist investor Elliott Investment Management disclosed a significant stake in the Japanese air conditioning giant and called for m...