Resource Centrix Holdings (CSE: RECE) ( OTCQB: RECHF ) on Monday said its shares have begun trading on the OTCQB Venture Market in the United States under the ticker “RECHF,” while continuing to trade on the Canadian Securities Exchange. The company also said Ron Ozols has resigned as director, and Derrick Gaon has stepped down as CFO and Director, remaining as an advisor. Resource Centrix appoint...
Resource Centrix Holdings (CSE: RECE) ( OTCQB: RECHF ) on Monday said its shares have begun trading on the OTCQB Venture Market in the United States under the ticker “RECHF,” while continuing to trade on the Canadian Securities Exchange. The company also said Ron Ozols has resigned as director, and Derrick Gaon has stepped down as CFO and Director, remaining as an advisor. Resource Centrix appointed Chun Jeffrey Wong as CFO and Director, effective March 13, following Gaon’s departure. RECHF closed +154.45% at $0.2799. Source: Press Release More on Resource Centrix Holdings,Inc. Financial information for Resource Centrix Holdings,Inc.
Oil steadied after slumping 10% in the week’s opening session, as President Donald Trump backed down from strikes against Iran’s energy infrastructure. West Texas Intermediate was little changed below $89 a barrel, after a wild session on Monday, with the US leader claiming there were talks with the country in a bid to end the conflict now in its fourth week. Still, Iran denied negotiations were t...
Oil steadied after slumping 10% in the week’s opening session, as President Donald Trump backed down from strikes against Iran’s energy infrastructure. West Texas Intermediate was little changed below $89 a barrel, after a wild session on Monday, with the US leader claiming there were talks with the country in a bid to end the conflict now in its fourth week. Still, Iran denied negotiations were taking place, while Israel kept up attacks against Tehran. Brent ended 11% lower. US crude has still rallied more than 30% this month on concern the hostilities that have rocked the Middle East will trigger a global energy crunch. The war has all but completely choked off transit through the Strait of Hormuz , forcing Persian Gulf producers to scale back millions of barrels of daily oil production. “A negotiated outcome may be the best of a series of bad options that President Trump has,” said Will Todman, senior fellow in Middle East Program at the Center for Strategic and International Studies. However, Iran will “go into these talks with great skepticism, fearing that President Trump is simply running down the clock until more military assets arrive in the region.” At the weekend, Trump had threatened to bomb Iran’s energy infrastructure unless the waterway were fully opened within 48 hours. His decision to halt the strikes was specifically seen as an effort to manage oil prices by people familiar with the diplomatic talks, and Trump on Monday acknowledged the link. “The price of oil will drop like a rock as soon as the deal is done,” Trump said. “I guess it already is today.” To get Bloomberg’s Energy Daily newsletter in your inbox, click here . WTI for May delivery added 0.7% to $88.76 a barrel at 6:01 a.m. in Singapore. Brent for May settlement closed 11% lower at $99.94 a barrel.
Expand NASDAQ : AAL American Airlines Group Today's Change ( 3.64 %) $ 0.38 Current Price $ 10.81 Key Data Points Market Cap $6.9B Day's Range $ 10.75 - $ 11.34 52wk Range $ 8.50 - $ 16.50 Volume 78M Avg Vol 65M Gross Margin 19.17 % American Airlines Group (AAL +3.64%), one of the biggest U.S. airlines, closed Monday at $10.81, up 3.64%. Shares rose alongside other travel firms on de-escalation si...
Expand NASDAQ : AAL American Airlines Group Today's Change ( 3.64 %) $ 0.38 Current Price $ 10.81 Key Data Points Market Cap $6.9B Day's Range $ 10.75 - $ 11.34 52wk Range $ 8.50 - $ 16.50 Volume 78M Avg Vol 65M Gross Margin 19.17 % American Airlines Group (AAL +3.64%), one of the biggest U.S. airlines, closed Monday at $10.81, up 3.64%. Shares rose alongside other travel firms on de-escalation signals surrounding the Iran conflict and a corresponding decline in oil prices. Trading volume reached 77.1 million shares, coming in 18% above its three-month average of 65.2 million shares. American Airlines Group IPO'd in 2005 and has fallen 49% since going public. How the markets moved today The S&P 500 (^GSPC +1.15%) added 1.15% to finish Monday at 6,581, while the Nasdaq Composite (^IXIC +1.38%) advanced 1.38% to close at 21,947. Among airlines peers, Delta Air Lines (DAL +2.76%) gained 2.66% to close at $65.13 and United Airlines (UAL +4.46%) finished up 4.46% at $93.96, as sentiment around fuel costs improved. What this means for investors Travel stocks, including American Airlines, rallied today on cautious optimism about easing geopolitical risk. The stock has still declined 16% in the past month, but falling oil prices and a change in tone around the war in Iran helped it pare some of those losses. Continued volatility is likely, given that the conflict is now in its fourth week and today’s comments are only the first step to actually ending it. Moreover, energy disruptions will likely persist even after the war finishes. This week, TD Cowen raised its price target for American Airlines from $13 to $17, and maintained its “buy” rating. It cited solid booking forecasts and improved fuel cost impacts. However, UBS lowered its target from $15 to $14.
Key Points Medicare requires you to enroll the year you turn 65. Forget to enroll, and you’re likely to get hit with a 10% penalty for each year you delay. There's a relatively simple solution if you miss enrollment the year you turn 65. The $23,760 Social Security bonus most retirees completely overlook › If you're rapidly moving toward retirement, chances are, you're busy. Don't get so busy, tho...
Key Points Medicare requires you to enroll the year you turn 65. Forget to enroll, and you’re likely to get hit with a 10% penalty for each year you delay. There's a relatively simple solution if you miss enrollment the year you turn 65. The $23,760 Social Security bonus most retirees completely overlook › If you're rapidly moving toward retirement, chances are, you're busy. Don't get so busy, though, that you allow details to fall through the cracks. Failure to sign up for Medicare could have a lasting impact on your finances. When you're required to sign up for Medicare The Initial Enrollment Period for Medicare lasts for seven months, beginning three months before you turn 65 and ending three months after that milestone birthday. For example, if you were born in July, your Initial Enrollment Period would be from April through October of the year in which you turn 65. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Mark your calendar. At 65, you're generally required to sign up for Medicare. At 67, you've likely hit your full retirement age (FRA). What happens if you don't sign up on time While you can sign up for Part A anytime during the year in which you turn 65, missing your Medicare enrollment deadline for Parts B and D can trigger a permanent lifelong penalty. For each 12-month period you're eligible but don't enroll, your premiums will cost 10% more. Let's say you're cruising the world for fun and totally forget to enroll until age 68. Because you're three years late, your penalty is 30%. Assuming you pay nothing for Part A but pay the base amounts for Parts B and D, your monthly premium should be $241.89 per month ($202.90 for Part B + $38.99 for Part D). However, a 30% penalty will bump it to $314.46 per month. That's $870.84 more per year, and after 12 years, you'll have spent an addit...
(RTTNews) - Toyota has announced its intention to invest $1 billion in two manufacturing plants located in the United States as part of a comprehensive expansion plan that may reach up to $10 billion over the next five years. The automaker will allocate $800 million to its Georgetown facility to enhance production capabilities for the Toyota Camry and Toyota RAV4, while $200 million will be design...
(RTTNews) - Toyota has announced its intention to invest $1 billion in two manufacturing plants located in the United States as part of a comprehensive expansion plan that may reach up to $10 billion over the next five years. The automaker will allocate $800 million to its Georgetown facility to enhance production capabilities for the Toyota Camry and Toyota RAV4, while $200 million will be designated for its Princeton plant to increase the output of the Toyota Grand Highlander. Previously, Toyota had confirmed plans to invest up to $10 billion in its U.S. operations by 2030, as the company adapts its production strategies in response to tariffs and changing trade policies. The automaker has cautioned that U.S. tariffs could result in losses amounting to 1.4 trillion yen in the current fiscal year, which concludes this month, highlighting the financial challenges faced by global manufacturers operating in North America. Toyota currently employs nearly 48,000 individuals in the United States and has also pledged to export vehicles manufactured in the U.S. to Japan under revised trade agreements established last year. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
SIphotography/iStock via Getty Images US debt has just reached $39 trillion , and in a couple of quarters, it will cross the $40 trillion threshold. Interest rates are currently higher than in previous years, and just this year, the government has to refinance about $10 trillion; this means paying billions and billions more in interest payments that could have been invested in everything else (soc...
SIphotography/iStock via Getty Images US debt has just reached $39 trillion , and in a couple of quarters, it will cross the $40 trillion threshold. Interest rates are currently higher than in previous years, and just this year, the government has to refinance about $10 trillion; this means paying billions and billions more in interest payments that could have been invested in everything else (social security, defense, and education, just to mention a few). How much money are we talking about? Well, just in 2026, the Peterson Foundation estimates $1 trillion in total interest payments, close to that of the entire Medicare program. By 2036 , this sum is expected to double and reach 4.60% of the annual GDP. Currently, the US Debt/GDP ratio is 122%, close to the all-time high. Overall, the situation is far from rosy, and I could easily go on pointing out how bad it is. However, this won’t be the umpteenth article that signals an imminent default by the US. After years of talking, we all know that a debt of $39 trillion is not a good thing; you don’t need an economics degree to understand it. When numbers look so terrible, it is very easy to get trapped in negative thoughts, and it is much harder to look at the bright side, even though the truth is often in the middle. The US Debt/GDP is out of control, and no one knows how to stop it. But what if I tell you that what we are living through has already happened? 1946–1981: Economic miracle or financial repression? In 1946, the world was a mess. Japan was nuked and dealing with hyperinflation, the USSR and Europe were devastated countries, and the US, even though a winner of WW2, was threatened by a huge debt burden. In order to win the war, the US was forced to print money like never before to finance military operations (Debt/GDP went from about 50% in 1942 to over 120% in 1946). The situation was so difficult that the Fed started an aggressive yield curve control policy in order to prevent a further rise in bond intere...
As China undergoes a sweeping economic transition, its regions are also in the process of embracing change. The powerhouses of yesteryear must adapt or risk falling behind, as traditional industries become less reliable growth drivers and new sectors take prominence. In this series , we explore three representative areas of the country as they attempt to navigate this rapidly changing environment....
As China undergoes a sweeping economic transition, its regions are also in the process of embracing change. The powerhouses of yesteryear must adapt or risk falling behind, as traditional industries become less reliable growth drivers and new sectors take prominence. In this series , we explore three representative areas of the country as they attempt to navigate this rapidly changing environment. After Joyce Wu moved from Hainan province to Hong Kong in 2013, she marvelled for years at the increasingly crowded skyline of Haikou on visits home. The gleaming high-rises continued to spring up across the southern island’s capital as an economic boom, driven by property values, reshaped the city. Around 2020, that momentum began to fade. In place of cranes and concrete, Wu noticed a quieter shift: more professionals and foreign academics arriving through university partnerships, and growing business interest from outside the province. Advertisement “They were clearly not tourists,” she said. “They were professionals or researchers.” Her observation mirrors Hainan’s broader transformation – after the bursting of three speculative booms that were driven by policy windfalls, the province’s previously tourism-centred economy is moving towards a more sustainable growth pattern revolving around its new status as a free-trade port, even as long-standing structural constraints remain a challenge. Advertisement On December 18, the island – with more than 10 million people and a slightly larger surface area than Belgium – became a customs territory separate from the rest of mainland China. The move exempted around 6,600 categories of goods from tariffs – about 74 per cent of taxable imports.
In the latest trading session, Valero Energy (VLO) closed at $237.39, marking a -1.03% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 1.15%. On the other hand, the Dow registered a gain of 1.38%, and the technology-centric Nasdaq increased by 1.38%. Shares of the oil refiner witnessed a gain of 19.48% over the previous month, beating the performance of ...
In the latest trading session, Valero Energy (VLO) closed at $237.39, marking a -1.03% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 1.15%. On the other hand, the Dow registered a gain of 1.38%, and the technology-centric Nasdaq increased by 1.38%. Shares of the oil refiner witnessed a gain of 19.48% over the previous month, beating the performance of the Oils-Energy sector with its gain of 8.53%, and the S&P 500's loss of 5.69%. Market participants will be closely following the financial results of Valero Energy in its upcoming release. The company plans to announce its earnings on April 30, 2026. The company is expected to report EPS of $2.33, up 161.8% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $27.85 billion, indicating a 7.97% downward movement from the same quarter last year. VLO's full-year Zacks Consensus Estimates are calling for earnings of $12.97 per share and revenue of $113.05 billion. These results would represent year-over-year changes of +22.24% and -7.85%, respectively. It's also important for investors to be aware of any recent modifications to analyst estimates for Valero Energy. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 1.97% rise in the Zacks Con...
United Parcel Service (UPS) ended the recent trading session at $97.67, demonstrating a +1.89% change from the preceding day's closing price. The stock outpaced the S&P 500's daily gain of 1.15%. On the other hand, the Dow registered a gain of 1.38%, and the technology-centric Nasdaq increased by 1.38%. Prior to today's trading, shares of the package delivery service had lost 17.88% lagged the Tra...
United Parcel Service (UPS) ended the recent trading session at $97.67, demonstrating a +1.89% change from the preceding day's closing price. The stock outpaced the S&P 500's daily gain of 1.15%. On the other hand, the Dow registered a gain of 1.38%, and the technology-centric Nasdaq increased by 1.38%. Prior to today's trading, shares of the package delivery service had lost 17.88% lagged the Transportation sector's loss of 12.37% and the S&P 500's loss of 5.69%. Investors will be eagerly watching for the performance of United Parcel Service in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $1.12, marking a 24.83% fall compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $21.12 billion, indicating a 1.96% downward movement from the same quarter last year. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $7.09 per share and a revenue of $89.11 billion, indicating changes of -0.98% and +0.5%, respectively, from the former year. Investors should also take note of any recent adjustments to analyst estimates for United Parcel Service. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.06% downward. As of now, United Parcel Service holds a Zacks Ran...
In the latest trading session, Tyson Foods (TSN) closed at $56.46, marking a +1.35% move from the previous day. The stock outperformed the S&P 500, which registered a daily gain of 0.88%. At the same time, the Dow added 1.24%, and the tech-heavy Nasdaq gained 0.65%. The meat producer's shares have seen a decrease of 3.67% over the last month, not keeping up with the Consumer Staples sector's loss ...
In the latest trading session, Tyson Foods (TSN) closed at $56.46, marking a +1.35% move from the previous day. The stock outperformed the S&P 500, which registered a daily gain of 0.88%. At the same time, the Dow added 1.24%, and the tech-heavy Nasdaq gained 0.65%. The meat producer's shares have seen a decrease of 3.67% over the last month, not keeping up with the Consumer Staples sector's loss of 2.9% and the S&P 500's gain of 1.17%. Analysts and investors alike will be keeping a close eye on the performance of Tyson Foods in its upcoming earnings disclosure. The company's earnings report is set to go public on February 3, 2025. The company's upcoming EPS is projected at $0.79, signifying a 14.49% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $13.48 billion, indicating a 1.18% upward movement from the same quarter last year. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.52 per share and a revenue of $54.37 billion, indicating changes of +13.55% and +1.98%, respectively, from the former year. Investors should also take note of any recent adjustments to analyst estimates for Tyson Foods. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection ha...
Western Union (WU) closed at $12.60 in the latest trading session, marking a +1.2% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.64%. Elsewhere, the Dow gained 1.85%, while the tech-heavy Nasdaq added 0.2%. Prior to today's trading, shares of the money transfer company had gained 2.13% over the past month. This has lagged the Business Services sect...
Western Union (WU) closed at $12.60 in the latest trading session, marking a +1.2% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.64%. Elsewhere, the Dow gained 1.85%, while the tech-heavy Nasdaq added 0.2%. Prior to today's trading, shares of the money transfer company had gained 2.13% over the past month. This has lagged the Business Services sector's gain of 2.71% and the S&P 500's gain of 3.82% in that time. Investors will be eagerly watching for the performance of Western Union in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.44, signifying a 13.73% drop compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $1.06 billion, showing a 9.37% drop compared to the year-ago quarter. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.76 per share and revenue of $4.17 billion, indicating changes of +1.15% and -4.21%, respectively, compared to the previous year. Investors should also take note of any recent adjustments to analyst estimates for Western Union. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability. Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Western Union presently features a Zacks Rank of #3 (Hold). Looking at valuation, Western Union is presently trading...
Tenet Healthcare (THC) closed at $164.62 in the latest trading session, marking a +1.36% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 0.13% for the day. On the other hand, the Dow registered a gain of 0.55%, and the technology-centric Nasdaq decreased by 0.52%. The hospital operator's shares have seen an increase of 3.67% over the last month, surpassing the M...
Tenet Healthcare (THC) closed at $164.62 in the latest trading session, marking a +1.36% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 0.13% for the day. On the other hand, the Dow registered a gain of 0.55%, and the technology-centric Nasdaq decreased by 0.52%. The hospital operator's shares have seen an increase of 3.67% over the last month, surpassing the Medical sector's gain of 3.34% and aligning with the S&P 500. The investment community will be closely monitoring the performance of Tenet Healthcare in its forthcoming earnings report. The company is expected to report EPS of $2.33, up 61.81% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $5.05 billion, indicating a 0.41% decline compared to the corresponding quarter of the prior year. For the annual period, the Zacks Consensus Estimates anticipate earnings of $10.72 per share and a revenue of $20.84 billion, signifying shifts of +53.58% and +1.4%, respectively, from the last year. Investors should also pay attention to any latest changes in analyst estimates for Tenet Healthcare. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.14% higher. At present, Tenet Healthcare boasts a Zacks Rank of #1 (Strong Buy). With respect to valuation, Tenet Healt...
The revered documentarian wades into unexplored territory with the US president and Xi Jinping’s relationship – and there is a moment so startling that it feels like pure comedy gold It’s not normal to view documentaries about international trade negotiations as light relief, but we are where we are. Clash of the Superpowers: America vs China is a two-parter produced by film-maker Norma Percy, who...
The revered documentarian wades into unexplored territory with the US president and Xi Jinping’s relationship – and there is a moment so startling that it feels like pure comedy gold It’s not normal to view documentaries about international trade negotiations as light relief, but we are where we are. Clash of the Superpowers: America vs China is a two-parter produced by film-maker Norma Percy, whose signature style – on series including The Iraq War, Putin vs the West and Inside Europe: Ten Years of Turmoil – is to use first-hand testimonies to revisit diplomatic flashpoints from a decade or so ago: sufficiently soon after the events for everyone who was there to still be alive, but late enough for them to no longer be in the same job and now be willing to gossip. Percy’s latest opens with the arrival of Chinese president Xi Jinping at the Davos forum in 2017. On his debut appearance at the event, Xi stimulates delegates with a speech positioning himself as a champion of free trade, offering to work with other countries for mutual economic benefit. What might historically have been an odd tack for China’s leader is not that surprising to the bankers, financiers and politicians in the room, who know Xi is pre-empting the inauguration, a few days later, of Donald Trump as US president. Continue reading...
"And while I respect the views of colleagues on the national executive committee, I… had I been sitting in that seat – is that what you're asking me, what I would have voted? Yeah, I would have voted to allow him to stand."
"And while I respect the views of colleagues on the national executive committee, I… had I been sitting in that seat – is that what you're asking me, what I would have voted? Yeah, I would have voted to allow him to stand."
In this video, I will cover the recent FOMC decision, Micron (NASDAQ: MU) , DLocal , and Alibaba 's earnings, and discuss what I'm doing with my portfolio. Watch the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were from the trading day of March. 19, 2026. The video was published on March. 19, 2026. Continue reading
In this video, I will cover the recent FOMC decision, Micron (NASDAQ: MU) , DLocal , and Alibaba 's earnings, and discuss what I'm doing with my portfolio. Watch the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were from the trading day of March. 19, 2026. The video was published on March. 19, 2026. Continue reading
The inquest heard Madison's parents would "never have dreamed" of putting their son asleep in the prone position but for the advice of the maternity nurse who was said to have informed them all four of her own babies had slept on their stomachs with no problems.
The inquest heard Madison's parents would "never have dreamed" of putting their son asleep in the prone position but for the advice of the maternity nurse who was said to have informed them all four of her own babies had slept on their stomachs with no problems.
Oil fell sharply on Monday, again posting one of the biggest price swings on record, after US President Donald Trump said he was holding off on striking Iranian power plants and was negotiating a potential end to the war. Brent and West Texas Intermediate both tumbled more than 14% before clawing back some losses, with the global benchmark closing below $100 for the first time in almost two weeks....
Oil fell sharply on Monday, again posting one of the biggest price swings on record, after US President Donald Trump said he was holding off on striking Iranian power plants and was negotiating a potential end to the war. Brent and West Texas Intermediate both tumbled more than 14% before clawing back some losses, with the global benchmark closing below $100 for the first time in almost two weeks. Trump’s announcement on Truth Social kicked off a dramatic trading session, with the US president backing off a threat of hitting Iranian infrastructure. Iran, for its part, repeatedly denied it was negotiating with the US to end the conflict. Bloomberg News Managing Editor for Energy and Commodities Americas Simon Casey joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)
Good morning. As we wake up to the latest headlines on the war in Iran, this time it’s the return of the TACO trade (Trump Always Chickens Out). President Donald Trump said he would postpone his threats of an attack on Iranian energy infrastructure for five days after what he called “productive conversations” — discussions that Iran has denied. Still, markets overnight seem to be taking the news w...
Good morning. As we wake up to the latest headlines on the war in Iran, this time it’s the return of the TACO trade (Trump Always Chickens Out). President Donald Trump said he would postpone his threats of an attack on Iranian energy infrastructure for five days after what he called “productive conversations” — discussions that Iran has denied. Still, markets overnight seem to be taking the news well, and we can expect a similar reaction here in Australia. While the latest developments are positive, there’s no shortage of warnings about the impact of the war. IEA’s executive director said Monday that the severe damage to several energy assets could extend global supply chain disruptions, while Australia’s financial regulators emphasized vigilance. - Carmeli Argana, Australian stocks reporter What’s happening now More than 40 energy assets across nine countries in the Middle East have been “severely or very severely” damaged by the war, potentially prolonging disruptions to global supply chains after the conflict ends, according to International Energy Agency Executive Director Fatih Birol. Adding to the warnings, Australia’s top financial regulators said on Monday that an escalation in global geopolitical tensions could amplify financial stability risks , emphasizing the need for continued vigilance. Authorities said they are closely coordinating with industry to assess the effects for domestic markets. Meantime, Fortescue expects its extensive use of Chinese capital and mining equipment to set it apart from rival iron ore producers as Beijing seeks to extend its influence in the market. Chief Executive Officer Dino Otranto said in an interview that Fortescue had already taken significant steps to source equipment from Chinese suppliers. And Aware Super, the A$235 billion ($164 billion) Australian pension fund, appointed Alex Satchcroft head of private equity as part of a broader reshuffle under chief investment officer Simon Warner. Satchcroft will oversee its A$11...