DoubleLine Capital Deputy CIO Jeffrey Sherman discusses the massive economic ramifications that could come from oil disruption, and how the oil market is 'doing the hiking for the Fed.' He talks with Romaine Bostick and Katie Greifeld on "The Close." (Source: Bloomberg)
DoubleLine Capital Deputy CIO Jeffrey Sherman discusses the massive economic ramifications that could come from oil disruption, and how the oil market is 'doing the hiking for the Fed.' He talks with Romaine Bostick and Katie Greifeld on "The Close." (Source: Bloomberg)
Kanye West Banned From UK: Wireless Festival Cancelled After Home Office Revokes Travel Authorization The UK Home Office has barred Kanye West (aka Ye) from entering the country, ruling that his presence “would not be conducive to the public good.” The decision, made hours after he received an initial Electronic Travel Authorisation (ETA) on Monday, has triggered the immediate and complete cancell...
Kanye West Banned From UK: Wireless Festival Cancelled After Home Office Revokes Travel Authorization The UK Home Office has barred Kanye West (aka Ye) from entering the country, ruling that his presence “would not be conducive to the public good.” The decision, made hours after he received an initial Electronic Travel Authorisation (ETA) on Monday, has triggered the immediate and complete cancellation of Wireless Festival, where he was set to headline all three nights in July at Finsbury Park. "The Home Office has withdrawn Ye’s ETA, denying him entry into the United Kingdom. As a result, Wireless festival is cancelled and refunds will be issued to all ticket holders , said the promoter, Festival Republic. Kanye West’s Response In a statement released shortly after the ban was announced, West offered to meet members of the UK’s Jewish community directly. “ If you’re open, I’m here… I will show change through my actions. ” He added that he acknowledged “words alone are not enough” and hoped the meeting could begin a conversation. And of course, the whole thing was a fiasco before the ban - with Festival Republic managing director Melvin Benn issuing a lengthy and unusually candid statement defending the booking. He described himself as “a deeply committed anti-fascist” who had lived on a kibbutz in Israel in the 1970s (one of the communities later attacked on 7 October). He also referenced having close family members with mental illness and appealed for understanding: “Forgiveness and giving people a second chance are becoming a lost virtue in this ever-increasing divisive world and I would ask people to reflect on their instant comments of disgust at the likelihood of him performing (as was mine) and offer some forgiveness and hope to him as I have decided to do.” ... “ We are not giving him a platform to extol opinion of whatever nature, only to perform the songs that are currently played on the radio stations in our country and the streaming platforms in our coun...
Bond investors who’ve seen losses on US Treasuries mount amid the unfolding war in the Middle East are positioning for even more declines as President Donald Trump ’s deadline looms for Iran to agree a ceasefire deal. Trump threatened devastating strikes on critical infrastructure in Iran if Tehran doesn’t reopen the Strait of Hormuz by 8 p.m. Eastern time Tuesday. While last-minute attempts at a ...
Bond investors who’ve seen losses on US Treasuries mount amid the unfolding war in the Middle East are positioning for even more declines as President Donald Trump ’s deadline looms for Iran to agree a ceasefire deal. Trump threatened devastating strikes on critical infrastructure in Iran if Tehran doesn’t reopen the Strait of Hormuz by 8 p.m. Eastern time Tuesday. While last-minute attempts at a diplomatic truce were still continuing late in the New York session, Trump’s aggressive rhetoric has put markets on edge and left US Treasury yields at the higher end of their recent range. It’s the latest ultimatum by a president who has repeatedly set deadlines only to extend the timeline for talks. His shifting rhetoric has roiled markets and left traders at times grasping for direction — with volatile oil and energy markets helping to set the tone. This environment has put investors from Brandywine Global Investment Management to BlackRock Inc. on the defensive. “I like having conviction about the market, and I don’t have that at the moment,” said Jack McIntyre , portfolio manager at Brandywine. “Whether you are bullish or bearish on bonds, nobody has an edge, and any positioning you put on now, it could be a case of being lucky.” Inflation has been the main concern, sparking a big shift in monetary policy expectations away from interest—rate cuts to even pricing in the possibility of hikes. Fresh worries around growth risks have tempered that sentiment somewhat, yet even as traders have backed away from an extreme negative bias, they remain bearish, anticipating higher US bond yields, market data shows. An investor survey released Tuesday by JPMorgan Chase & Co. also showed bearish momentum building in the cash market. Net long positions decreased by 9 percentage points, reflecting the least bullish stance on Treasuries in three weeks. “There is a desensitization due to the never-ending reel of volatile headlines, but it is important to remain alert,” said Kambiz Kazem...
A foreign-flagged tanker is sailing from Washington State to California, one of the first non-US vessels to bring fuel to the region from another US state after the Trump administration waived Jones Act maritime restrictions last month. The Marshall Islands-flagged Garnet Express, a medium-range ship designed for refined oil products, is headed from Marathon Petroleum Corp. ’s Anacortes Refinery i...
A foreign-flagged tanker is sailing from Washington State to California, one of the first non-US vessels to bring fuel to the region from another US state after the Trump administration waived Jones Act maritime restrictions last month. The Marshall Islands-flagged Garnet Express, a medium-range ship designed for refined oil products, is headed from Marathon Petroleum Corp. ’s Anacortes Refinery in Washington to the San Francisco area, according to ship tracking data from Vortexa. The tanker typically carries jet fuel. The unusual voyage of a non-US tanker between two West Coast states offers the latest example of how much the war in Iran has upended global fuel supply routes and added further pressure to California’s already tight fuel market. Fuel prices around the globe have soared since the Middle East conflict effectively shut the Strait of Hormuz, a vital waterway through which roughly a quarter of the world’s seaborne oil passes. California is particularly vulnerable to surging oil prices. No pipelines carry fuels into the state from refineries along the US Gulf Coast, and the state has also seen two refineries shutter since October 2025, eliminating roughly 20% of its capacity. That leaves California heavily reliant on imports from other countries, as well as US states with refining capacity such as Washington, to supplement its fuel supply. Before the war, that fuel typically arrived on US-flagged ships as is required by the Jones Act. But as fuel prices surged nationally, the Trump administration temporarily waived the century-old law in late March, allowing foreign-flagged vessels to transport a range of commodities — including gasoline, diesel and jet fuel — between US ports for 60 days. Read More: Gasoline-Starved California Is Turning to Fuel From the Bahamas Gasoline prices are averaging $5.93 a gallon in the Golden State, according to the American Automobile Association . And the West Coast is also staring down limits on jet fuel exports from South K...
Super Micro Computer Inc. said a committee of its independent directors has hired a law firm and is investigating the circumstances surrounding an indictment last month of two employees and a contractor over the sale of servers to China. “The independent directors have not set a definitive timetable for the investigation,” Super Micro said Tuesday in a statement . “The company will provide an upda...
Super Micro Computer Inc. said a committee of its independent directors has hired a law firm and is investigating the circumstances surrounding an indictment last month of two employees and a contractor over the sale of servers to China. “The independent directors have not set a definitive timetable for the investigation,” Super Micro said Tuesday in a statement . “The company will provide an update when the investigation is complete and does not intend to comment further until that time.” US prosecutors charged Super Micro co-founder Yih-Shyan “Wally” Liaw and two others with illegally diverting billions of dollars in Nvidia Corp.-powered servers to China in violation of export-control laws. Liaw, Ruei-Tsang “Steven” Chang, who served as a general manager in Super Micro’s Taiwan office, and Ting-Wei “Willy” Sun, an outside contractor, allegedly sold the hardware to an unnamed Southeast Asian company and coordinated its ultimate shipment to Chinese customers. All three have pleaded not guilty. In addition, to the probe, Super Micro said it has initiated an internal review of its Global Trade Compliance Program, led by its general counsel and acting compliance officer. The company said its findings will be reported to its independent board directors of the Board.
(RTTNews) - Extending the gains from the four previous sessions, Canadian stocks inched higher on Tuesday as investors held back risky moves and focused on how the U.S. ultimatum to Iran develops.
(RTTNews) - Extending the gains from the four previous sessions, Canadian stocks inched higher on Tuesday as investors held back risky moves and focused on how the U.S. ultimatum to Iran develops.
Plug Power (NASDAQ: PLUG) stock is finally gaining momentum as the company benefits from the rising demand for power from data centers. *Stock prices used were the afternoon prices of April 5, 2026. The video was published on April 7, 2026. Continue reading
Plug Power (NASDAQ: PLUG) stock is finally gaining momentum as the company benefits from the rising demand for power from data centers. *Stock prices used were the afternoon prices of April 5, 2026. The video was published on April 7, 2026. Continue reading
zhaojiankang/iStock via Getty Images Algoma Steel ( ASTL ) rallied into the close Tuesday, finishing up 5.2%, after saying it formed a joint venture with Canadian defense manufacturer of smart armored vehicles Roshel to establish a Canadian center for ballistic steel production. By advancing a made-in- Canada approach to critical defense inputs, the companies said the Roshel Algoma Defence JV will...
zhaojiankang/iStock via Getty Images Algoma Steel ( ASTL ) rallied into the close Tuesday, finishing up 5.2%, after saying it formed a joint venture with Canadian defense manufacturer of smart armored vehicles Roshel to establish a Canadian center for ballistic steel production. By advancing a made-in- Canada approach to critical defense inputs, the companies said the Roshel Algoma Defence JV will enable new, sovereign production of ballistic steel solutions to support defense procurements, including for light utility vehicles, the Domestic Arctic Mobility Enhancement program, ships, submarines, and broader Canadian defense needs. The partnership also will support the use of ballistic steel across other industries, including infrastructure, marine, aerospace, and security platforms, while creating opportunities to export Canadian-made ballistic steel solutions to allied countries, the companies said. Ballistic steel is a special type of relatively lightweight, hardened steel that protects against blasts or bullets. Algoma Steel ( ASTL ) "is ready to enhance Canada's defense capacity, starting now," CEO Rajat Marwah said. "This partnership with Roshel puts our production capabilities, our workforce, and our Sault Ste. Marie facilities directly in service of Canada's national security." More on Algoma Steel Group Algoma Steel Q4 2025 Earnings Call Presentation Stay Cautious On Algoma Steel, But Watch For Early Signs Of Recovery Algoma Steel: Negative Earnings And Increasing Debt Putting Downward Pressure On Stock
Maskot/DigitalVision via Getty Images Wealthfront's ( WLTH ) platform assets of $93.2B at March 31, 2026, fell 2.1% from Feb. 28, 2026, but rose 14.5% from March 31, 2025, the company said on Tuesday. Cash management assets of $45.5B edged up 0.5% M/M and rose 2.6% Y/Y, while investment advisory assets of $47.7B dipped 4.5% from February but climbed 28.8% from March 2025. Total funded clients of 1...
Maskot/DigitalVision via Getty Images Wealthfront's ( WLTH ) platform assets of $93.2B at March 31, 2026, fell 2.1% from Feb. 28, 2026, but rose 14.5% from March 31, 2025, the company said on Tuesday. Cash management assets of $45.5B edged up 0.5% M/M and rose 2.6% Y/Y, while investment advisory assets of $47.7B dipped 4.5% from February but climbed 28.8% from March 2025. Total funded clients of 1.44M increased 1.0% M/M and 15.8% Y/Y. Total net deposits of $596M increased from $271M as of Feb. 28, 2026, and dropped from $1.20B at March 31, 2025. Wealthfront ( WLTH ) started trading publicly on Dec. 12, 2025. More on Wealthfront Corporation Wealthfront: $94 Billion In AUM And Just Getting Started Wealthfront Corporation 2026 Q4 - Results - Earnings Call Presentation Wealthfront Corporation 2026 Q3 - Results - Earnings Call Presentation Tiger Global takes new stakes in WLTH, trims NVDA, AMZN, and MSFT among Q4 moves