In an aerial view, a Valero refinery is seen on May 5, 2026 in Corpus Christi, Texas. Brandon Bell | Getty Images Oil resumed its rally Friday after the U.S. and Iran exchanged fire in the Strait of Hormuz, fanning fears that the fragile ceasefire between the two countries was unraveling and threatening continued disruption to shipping via one of the world's most critical oil route. International ...
In an aerial view, a Valero refinery is seen on May 5, 2026 in Corpus Christi, Texas. Brandon Bell | Getty Images Oil resumed its rally Friday after the U.S. and Iran exchanged fire in the Strait of Hormuz, fanning fears that the fragile ceasefire between the two countries was unraveling and threatening continued disruption to shipping via one of the world's most critical oil route. International benchmark Brent crude futures for July delivery rose 2.26% to $102.32 per barrel. U.S. West Texas Intermediate futures for June delivery added 2.06% $96.76. Washington and Tehran accused each other of initiating attacks in the Strait of Hormuz, further straining a ceasefire agreement already weakened by repeated allegations of violations. The flare-up came as Iran is reportedly reviewing a U.S. proposal to end the war. U.S. President Donald Trump , in a call with an ABC News reporter later Thursday, insisted that the ceasefire remains in effect, saying the strikes were "just a love tap." Stock Chart Icon Stock chart icon Oil prices since the start of the year In a Truth Social post, Trump said U.S. forces had wiped out the Iranian targets involved in the clash, including small boats and drones. He also warned that Iran would face further military strikes if it failed to agree to a nuclear deal. Market optimism over a possible reopening of the Strait of Hormuz faded after reports emerged that Washington was preparing to resume naval operations escorting commercial vessels through the waterway, ANZ wrote in a note, adding that oil prices suffered a "rollercoaster rise" as doubts emerged over U.S.-Iran peace negotiations. Trump later paused "Operation Freedom," the U.S. naval mission aimed at escorting commercial vessels through the Strait of Hormuz. "The risk of a proposed U.S. peace deal breaking down will likely keep oil markets volatile," said ANZ Research's experts. Citi analysts said they expect broader financial markets to stabilize despite recent volatility linked to t...
格隆汇5月8日｜知名投资人、东方港湾董事长但斌5月5日在微博发文表示，因研究员力荐，其布局了部分Circle Internet Group(CRCL.US)仓位。但斌认为，此次上涨的核心催化因素之一，是美国《清晰法案》(CLARITY Act)即将迎来关键进展。该法案被视为推动加密监管框架落地的重要立法分支，或有助于缓解行业长期监管不确定性，并为Circle等合规稳定币龙头打开长期增长空间。但斌认...
格隆汇5月8日｜知名投资人、东方港湾董事长但斌5月5日在微博发文表示，因研究员力荐，其布局了部分Circle Internet Group(CRCL.US)仓位。但斌认为，此次上涨的核心催化因素之一，是美国《清晰法案》(CLARITY Act)即将迎来关键进展。该法案被视为推动加密监管框架落地的重要立法分支，或有助于缓解行业长期监管不确定性，并为Circle等合规稳定币龙头打开长期增长空间。但斌认为，Circle核心业务正进入爆发期，其发行的USDC流通量已突破790亿美元，创历史新高。随着储备资产利息收入增长，公司2026年一季度盈利预期明确，业务基本面持续夯实。
California Insurance Regulators Say State Farm Mishandled Wildfire Claims Authored by Dylan Morgan via The Epoch Times, The California Department of Insurance announced on May 4 it filed an enforcement action against State Farm, alleging the company significantly mishandled claims from survivors of the 2025 Los Angeles wildfires. “Wildfire survivors came to us for help, and we followed the facts,”...
California Insurance Regulators Say State Farm Mishandled Wildfire Claims Authored by Dylan Morgan via The Epoch Times, The California Department of Insurance announced on May 4 it filed an enforcement action against State Farm, alleging the company significantly mishandled claims from survivors of the 2025 Los Angeles wildfires. “Wildfire survivors came to us for help, and we followed the facts,” Insurance Department Commissioner Ricardo Lara said. “Our investigation found that State Farm delayed, underpaid, and buried policyholders in red tape at the worst moment of their lives. That is unacceptable, and we are taking decisive action to hold them accountable.” The Palisades Fire and the nearby Eaton Fire, which ignited in Altadena, California, on Jan. 7, 2025, claimed around 30 lives and destroyed more than 12,000 structures. The Insurance Department said that State Farm received approximately 11,300 of the nearly 39,000 claims related to the Los Angeles wildfires filed across all insurers, and that Lara launched an investigation into the insurance company in June 2025 after the department heard many complaints. According to the department, it examined 220 of the claims filed with State Farm and found a total of 398 violations in 114 of those claims. These violations consisted of “slow and inadequate investigation” through failing to meet deadlines in investigating claims, accepting or denying claims, and providing notice for additional time. The Insurance Department also alleged that State Farm made unreasonably low settlement offers and underpaid claims. This enforcement action seeks millions of dollars in penalties, which the department said is the largest amount pursued this century relating to a wildfire disaster. The department also wants State Farm to speed up payments and settle outstanding claims. The property lines of homes burned during the Palisades Fire are visible in the Pacific Palisades neighborhood of Los Angeles on June 9, 2025. John Fredricks/Th...
Earnings Call Insights: Warner Music Group (WMG) Q2 fiscal 2026 Management View "Our strong Q2 results prove that our strategy is working. With a 12% increase in total revenue, a 24% increase in adjusted OIBDA and over 200 basis points of margin expansion, we are demonstrating the benefits of our transformation." (President, CEO & Director Robert Kyncl) "Overall, U.S. streaming share grew 1.1 perc...
Earnings Call Insights: Warner Music Group (WMG) Q2 fiscal 2026 Management View "Our strong Q2 results prove that our strategy is working. With a 12% increase in total revenue, a 24% increase in adjusted OIBDA and over 200 basis points of margin expansion, we are demonstrating the benefits of our transformation." (President, CEO & Director Robert Kyncl) "Overall, U.S. streaming share grew 1.1 percentage points and U.S. new release share grew 2.7 percentage points." (CEO Kyncl) "A brand new way for us to drive share is through long-form programming... today, we announced a multiyear first-look deal with Paramount to produce theatrical live-action and animated feature films." (CEO Kyncl) "Starting tomorrow, in addition to continuing to serve as our CFO, he will also serve as our COO." (CEO Kyncl) "Recorded Music revenue grew 13%, led by subscription streaming, which accelerated to 15% growth on an adjusted basis." (Executive VP & CFO Armin Zerza) Outlook "Looking forward, we are well positioned to continue delivering on a sustainable growth model, which is anchored in high single-digit total revenue growth, double-digit adjusted OIBDA and adjusted EPS growth and 50% to 60% operating cash flow conversion as a percentage of adjusted OIBDA." (CFO Zerza) "Additional PSM increases across other DSPs will roll in throughout the balance of the fiscal year, providing further support for this important metric." (CFO Zerza) "Based on this, we now expect to achieve the high end of 150 to 200 basis points margin expansion target in fiscal '26." (CFO Zerza) "Our recent licensing deals with leading AI platforms including Suno... will begin to contribute materially to our subscription streaming revenue growth starting in fiscal 2027." (CFO Zerza) Financial Results "Adjusted EPS of $0.44 increased 38%." (CFO Zerza) "We generated operating cash flow growth of 83% in the second quarter. And through the first half of the year, our conversion ratio is at 66% of adjusted OIBDA." (CFO Zerza...
On May 5, 2026, Director Patrick E. Bowe reported the sale of 16,466 shares of The Andersons (NASDAQ:ANDE) common stock in an open-market transaction valued at approximately $1.33 million, according to a SEC Form 4 filing . Transaction value based on SEC Form 4 reported price ($80.76); post-transaction value based on May 5, 2026 closing price of $79.12. * 1-year price change calculated using May 6...
On May 5, 2026, Director Patrick E. Bowe reported the sale of 16,466 shares of The Andersons (NASDAQ:ANDE) common stock in an open-market transaction valued at approximately $1.33 million, according to a SEC Form 4 filing . Transaction value based on SEC Form 4 reported price ($80.76); post-transaction value based on May 5, 2026 closing price of $79.12. * 1-year price change calculated using May 6, 2026 as the reference date. Continue reading
Defence ministers of Ukraine and Sweden talk Gripen fighter jet deal; verbal exchanges escalate over Victory Day parade. What we know on day 1,535 Ukraine’s military has struck a Russian Karakurt-class small missile carrier on the Caspian Sea off Russia’s distant Dagestan region , the Ukrainian general staff said on Thursday. The port of Kaspiysk where the ship was reportedly located is more than ...
Defence ministers of Ukraine and Sweden talk Gripen fighter jet deal; verbal exchanges escalate over Victory Day parade. What we know on day 1,535 Ukraine’s military has struck a Russian Karakurt-class small missile carrier on the Caspian Sea off Russia’s distant Dagestan region , the Ukrainian general staff said on Thursday. The port of Kaspiysk where the ship was reportedly located is more than 1,500km from Kyiv – and closer to Tehran , the Iranian capital. The extent of the damage was being assessed, the Ukrainian general staff posted online. Among its armaments, the Karakurt class can fire Kalibr cruise missiles which Moscow has used to hit civilian targets in Ukraine. Voldoymyr Zelenskyy, the Ukrainian president, expressed satisfaction at the long-range attack and the second assault in eight days on a Lukoil-owned refinery in Perm, near the Ural Mountains . “In a mirror response to Russian strikes, we will continue our long-range sanctions. And in response to Russia’s willingness to move toward diplomacy, we will proceed along the path of diplomacy,” Zelenskyy said. Ukraine’s purchase of Saab-made Gripen fighter jets could be signed within months, Kyiv’s defence minister said on Thursday as he visited his Swedish counterpart in Stockholm. The countries last year signed a letter of intent that could see Sweden supply up to 150 Gripens. The first deliveries are estimated at three years away from any deal being finalised . “We have our plan how to finance it,” said Mykhailo Fedorov, the Ukrainian defence minister. The Swedish minister, Pal Jonson, said a deal to loan, sell or gift existing Gripens of an older model, to be delivered much faster , was progressing well. Moscow has issued increasingly shrill protests and threats as its Victory Day parade on Saturday approaches. Foreign ambassadors have meanwhile rebuffed Russian warnings to evacuate their staff from Kyiv in case Moscow decides to attack. Ukraine has never directly targeted Victory Day commemorations, ...