JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon wrote a letter to shareholders Monday, saying the US needs to “get stronger” in order to maintain its military and economic might. Dimon detailed his bank’s plans to deploy more than $1 trillion to ensure that happens. Katherine Doherty has more on Bloomberg Television. (Source: Bloomberg)
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon wrote a letter to shareholders Monday, saying the US needs to “get stronger” in order to maintain its military and economic might. Dimon detailed his bank’s plans to deploy more than $1 trillion to ensure that happens. Katherine Doherty has more on Bloomberg Television. (Source: Bloomberg)
primeimages/iStock via Getty Images Global markets are entering a sixth week of stress testing as the war with Iran continues with no immediate resolution in sight. The main risk factor remains the closure, or near-closure, of the Strait of Hormuz, a strategic chokepoint through which roughly one-fifth of global oil and liquefied natural gas flowed before the conflict began on Feb. 28. Until energ...
primeimages/iStock via Getty Images Global markets are entering a sixth week of stress testing as the war with Iran continues with no immediate resolution in sight. The main risk factor remains the closure, or near-closure, of the Strait of Hormuz, a strategic chokepoint through which roughly one-fifth of global oil and liquefied natural gas flowed before the conflict began on Feb. 28. Until energy exports through the Strait return to something approximating normal levels, a global shockwave will continue to reverberate across the world economy. The US is partly insulated because it is a net exporter of total petroleum, but oil is a globally priced commodity, so rising prices abroad still lift energy costs at home. Higher fuel prices will spill over into the broader economy, pushing up headline inflation and slowing growth to some degree. Uncertainty about the extent of these risks will keep markets on edge for the foreseeable future. Investors have repriced assets accordingly since the war began, and this shift in risk appetite remains intact. With the exception of commodities, all major asset classes have declined in the regime shift triggered by the conflict with Iran. Using a set of ETFs through Thursday’s close (Apr. 2), a broad commodities portfolio ( GCC ) is the lone upside outlier, rising 2.9% since the war began. At the opposite extreme, the biggest loser is global property stocks ex-U.S. ( VNQI ), which have fallen nearly 12%. In a sign of the times, the Global Market Index—a passive benchmark holding all major asset classes in market-value weights except cash—has dropped 4.8% during the war. That’s a reminder that most globally diversified strategies have probably taken a hit during the war. The crucial question for markets is when normal (or near-normal) energy exports will resume. The odds of a quick resolution remain low, based on the latest news reports. Notably, President Trump on Sunday threatened to destroy Iran’s critical infrastructure unless it...
In a new bearish note out from JPMorgan, analysts are warning that Tesla's (TSLA) stock price could lose 60% of its value, illustrating such with a new $145 year-end price target on the EV maker.Yahoo Finance Senior Reporter Ines Ferré breaks down the note from the JPMorgan team, while Sevens Report Research founder Tom Essaye reacts to this forecast.
In a new bearish note out from JPMorgan, analysts are warning that Tesla's (TSLA) stock price could lose 60% of its value, illustrating such with a new $145 year-end price target on the EV maker.Yahoo Finance Senior Reporter Ines Ferré breaks down the note from the JPMorgan team, while Sevens Report Research founder Tom Essaye reacts to this forecast.
Key PointsThe CAPE ratio hit 39.2 in February — a level only seen before the dot-com crash, which saw the index lose 49% over the following two-and-a-half years.
Key PointsThe CAPE ratio hit 39.2 in February — a level only seen before the dot-com crash, which saw the index lose 49% over the following two-and-a-half years.
Microsoft could gain ground as artificial intelligence seems poised to boost, rather than batter, shares of the "Magnificent Seven" stock, according to Goldman Sachs. The investment bank has a buy rating on Microsoft, with a $600 price target on shares, implying nearly 61% upside from Thursday's close. "We believe the pace of deceleration in [Microsoft 365] has already slowed, Copilot datapoints a...
Microsoft could gain ground as artificial intelligence seems poised to boost, rather than batter, shares of the "Magnificent Seven" stock, according to Goldman Sachs. The investment bank has a buy rating on Microsoft, with a $600 price target on shares, implying nearly 61% upside from Thursday's close. "We believe the pace of deceleration in [Microsoft 365] has already slowed, Copilot datapoints are improving, and … adoption [of the company's AI-enabled, high-end enterprise license tier] will begin to move the needle in the next 9 months," Goldman Sachs analyst Gabriela Borges said Monday in a note to clients. MSFT YTD mountain Microsoft shares year to date Microsoft slumped 23% in the three-month period ended March 31, marking its worst financial quarter since 2008. The stock is also the biggest laggard in the Mag 7 in 2026, and it's vastly underperformed the S & P 500's 3.5% year-to-date decline. Its slump comes as investors continue to wring their hands over the possibility that AI tools like Claude Cowork might overtake Microsoft 365, which has been a major revenue driver for Microsoft. Recently, it aimed to bolster its revenue base from productivity software by promoting its Microsoft 365 Copilot AI to clients. However, just 3% of commercial Office customers had obtained licenses for the AI add-on as of the end of March. Nevertheless, Goldman Sachs expects AI tools to increasingly form an integral part of the Microsoft product suite over the next nine months or so. "We … continue to view Microsoft as best positioned in our coverage to compound AI driven product cycles, from AI compute leadership to Copilot and agent orchestration at the platform and application layers," Borges wrote. The analyst also noted that AI disintermediation risks are "already more than priced in," despite "the perception that Copilot functionality lags other AI tools." Goldman Sachs' call falls in line with consensus on the Street. Of the 60 analysts covering Microsoft, 55 have a buy or...
With solid demand for advanced networking architecture for increased broadband usage, the Zacks Wireless Equipment industry is likely to witness healthy growth. MSI, UI and NOK are set to thrive on industry tailwinds.
With solid demand for advanced networking architecture for increased broadband usage, the Zacks Wireless Equipment industry is likely to witness healthy growth. MSI, UI and NOK are set to thrive on industry tailwinds.
Oracle’s global layoffs are being viewed not as a sign of weakness but as a strategic move to free up cash for AI expansion, boosting investor confidence in ORCL’s long-term growth story.
Oracle’s global layoffs are being viewed not as a sign of weakness but as a strategic move to free up cash for AI expansion, boosting investor confidence in ORCL’s long-term growth story.
US natural gas futures rose as a short bout of cold weather increased demand for the heating and power-plant fuel, after closing down for the previous four sessions. Rising oil prices, which have influenced the front-month US gas contract since the war in Iran broke out, may also be pushing prices higher. “A near-term cold wave is hitting the Ohio valley and moving eastward,” supporting prices, sa...
US natural gas futures rose as a short bout of cold weather increased demand for the heating and power-plant fuel, after closing down for the previous four sessions. Rising oil prices, which have influenced the front-month US gas contract since the war in Iran broke out, may also be pushing prices higher. “A near-term cold wave is hitting the Ohio valley and moving eastward,” supporting prices, said Dennis Kissler , senior vice president for trading at BOK Financial Securities Inc. Futures for May delivery +4.3c, or +1.5%, to $2.843/mmbtu on Nymex, as of 9:47am ET Weather: Forecasts show above-average temperatures expected across the eastern two-thirds of the US from April 11-20: Commodity Weather Group Below-average temperatures expected across Upper Midwest through April 10 See WHUT for a map of latest 6-10 day weather forecast: NOAA Click here for two-week temperature forecasts for the U.S. Daily BNEF Gas Data: Lower-48 dry gas production on Monday ~110.4 bcf/day, or +2.8% y/y Lower-48 total gas demand on Monday ~72.9 bcf/day, or -6.8% y/y Dry gas exports to Mexico on Monday ~4.8 bcf/day, or -27% w/w Lowest since Dec. 25, 2024 Estimated gas flows to LNG export terminals on Monday ~20.4 bcf/day, or +1.7% w/w Gas Market News: LNG WRAP: Asian Prices May Climb Over $20 on Iran War Escalation EU Gas Summer-Winter Spread Widens as Prices Fall: BNEF Chart Natural Gas Deliveries to US LNG Export Terminals: BNEF
SlavkoSereda/iStock via Getty Images By Kelvin Wong The West Texas oil CFD (a proxy of the WTI crude oil futures) has staged the expected bullish move, where it cleared above $102.25 per barrel and hit a closing level of $112.84 last Thursday, April 2, 2026, before the Easter holiday. Market participants continue to discount the "optimism of a ceasefire deal" between the US and Iran from US Presid...
SlavkoSereda/iStock via Getty Images By Kelvin Wong The West Texas oil CFD (a proxy of the WTI crude oil futures) has staged the expected bullish move, where it cleared above $102.25 per barrel and hit a closing level of $112.84 last Thursday, April 2, 2026, before the Easter holiday. Market participants continue to discount the "optimism of a ceasefire deal" between the US and Iran from US President Trump’s social media posts and public speeches made in the past week. In today’s early Asian session (Monday, April 6, 2026), the price actions of the West Texas oil CFD gapped up by 2.9% to print a current intraday high of $116.17, just shy of its 4-year high of $119.54 recorded on March 9, 2026, as the market digested the possibilities of further hostilities between US and Iran where Trump posted a social media message with foul language, warning Iran’s power infrastructure will be destroyed if Tehran does not open the Strait of Hormuz by Tuesday, April 7, 2026 8.00 p.m. Eastern Time (an extension of an earlier Monday deadline). Interestingly, the earlier gains of the West Texas oil CFD were all wiped out as it declined by 2.3% at $110.27 at the time of writing. Ceasefire hopes are the primary driver of the current intraday whipsawing in oil prices. An Axios report stated that the US, Iran, and a group of regional mediators are discussing terms for a potential 45-day ceasefire that may lead to a permanent end to the war. In addition, US President Trump said he plans a news conference on Monday at 1.00 p.m. Eastern Time. Prediction market is still expecting a US-Iran ceasefire in June 2026 Fig. 1: Polymarket US-Iran ceasefire timing odds as of April 6, 2026 (Source: MacroMicro) The above chart reflects the market-implied probability of an official ceasefire agreement between the US and Iran on various specific dates from the prediction market platform, Polymarket, where participants trade contracts based on the probability of future events. As of Monday, April 6, 2026,...
The 28th Amendment: Is It Time For A New Amendment On The Meaning Of Citizenship? Authored by Jonathan Turley, “Well, it’s a new world. It’s the same Constitution.” Those words from Chief Justice John Roberts during this week’s oral arguments signaled that the conservative justices are unlikely to reject birthright citizenship. Of course, nothing is certain until this summer when the Court issues ...
The 28th Amendment: Is It Time For A New Amendment On The Meaning Of Citizenship? Authored by Jonathan Turley, “Well, it’s a new world. It’s the same Constitution.” Those words from Chief Justice John Roberts during this week’s oral arguments signaled that the conservative justices are unlikely to reject birthright citizenship. Of course, nothing is certain until this summer when the Court issues its opinion in Trump v. Barbara. However, we need to consider the need for a 28th Amendment to reaffirm the meaning of citizenship. As some of us stressed before the oral argument, the odds were against the administration prevailing in the case, given more than a century of countervailing precedent. There are good-faith arguments against reading the 14th Amendment as supporting citizenship for any child born in this country. It is doubtful that the drafters of the 14th Amendment could have envisioned millions of births to illegal aliens. They surely did not imagine foreigners coming to this country for the purpose of giving birth — or even, without ever entering the U.S., contracting multiple U.S. residents to carry babies to term for them as surrogates . The historical record is highly conflicted. Some drafters expressly denied that they intended for birthright citizenship to be covered by the 14th Amendment. The rampant abuse in this country and the widespread rejection of birthright citizenship by other countries (including some that once followed it) did not seem to impress the conservative justices. Roberts’s statement was in response to Solicitor General John Sauer’s argument that “We’re in a new world now … where eight billion people are one plane ride away from having a child who’s a U.S. citizen.” Although President Trump has lashed out with personal attacks on the conservative justices as “disloyal” and “stupid,” they are doing what they are bound by oath to do: apply the law without political favor or interest. I expect most of the justices agree with the vast ma...