Alex Wong/Getty Images News Oil prices moved higher on Monday after diplomatic efforts between the United States and Iran appeared to lose momentum, while limited shipments through the Strait of Hormuz continued to tighten global crude supplies. Brent crude futures ( CO1:COM ) rose $2.20, or 2.1%, to $107.53 a barrel late in the session. U.S. West Texas Intermediate ( CL1:COM ) gained $2, or 2.1%,...
Alex Wong/Getty Images News Oil prices moved higher on Monday after diplomatic efforts between the United States and Iran appeared to lose momentum, while limited shipments through the Strait of Hormuz continued to tighten global crude supplies. Brent crude futures ( CO1:COM ) rose $2.20, or 2.1%, to $107.53 a barrel late in the session. U.S. West Texas Intermediate ( CL1:COM ) gained $2, or 2.1%, to $96.40 a barrel. Traders have been closely monitoring the Strait of Hormuz, a critical chokepoint for global energy markets, where reduced flows have added to concerns about supply availability. Any sustained disruption in the waterway can quickly ripple through oil prices because a significant share of the world’s seaborne crude passes through the route. Risk appetite was somewhat restrained in broader markets as investors weighed the economic fallout from continued tensions in the Middle East. S&P 500 futures ( SPX ) slipped 0.3%, a mild pullback after U.S. equities finished last week at a record closing high. Currency markets showed a modest move toward the dollar. The euro edged down 0.15% to $1.1704, while the Japanese yen weakened slightly to 159.51 per dollar. Although a ceasefire has halted full-scale fighting in the conflict that began two months ago with U.S.-Israeli strikes on Iran, uncertainty remains high because no deal has been reached to reopen the Strait of Hormuz. The strategic shipping route has been largely shut, helping drive energy prices sharply higher and raising concerns about supply disruptions. Diplomatic efforts also appeared uncertain after U.S. President Donald Trump canceled a planned weekend trip to Islamabad by two envoys who had been expected to participate in talks. At the same time, Iran’s foreign minister has continued traveling among countries seeking to mediate the standoff. "If they want to talk, they can come to us, or they can call us. You know, there is a telephone. We have nice, secure lines," Trump told "The Sunday Briefing" ...
Ford Denies Talks With Geely About Bringing Chinese Car Tech To U.S. On Friday, a report crossed the wire that Ford and Geely had been in discussions about collaborating more closely, including whether their developing European partnership could expand into the U.S. market, according to the Wall Street Journal . Ford denied the claims, which stated that one idea involved Ford using Geely’s vehicle...
Ford Denies Talks With Geely About Bringing Chinese Car Tech To U.S. On Friday, a report crossed the wire that Ford and Geely had been in discussions about collaborating more closely, including whether their developing European partnership could expand into the U.S. market, according to the Wall Street Journal . Ford denied the claims, which stated that one idea involved Ford using Geely’s vehicle technology domestically. The talks had reportedly cooled, with both sides shifting attention back to Europe, where they are considering sharing production capacity and technical resources. Geely is motivated to enter the U.S., a lucrative but tightly restricted market for Chinese automakers. High tariffs, bans on Chinese-connected vehicle software, and political resistance from U.S. industry and lawmakers all make entry difficult. Ford itself has signaled caution, with leadership stressing the importance of protecting American jobs and competitiveness. A company spokesman reinforced that stance, saying, “Our commitment to a level playing field and safeguarding our home market remains absolute.” The WSJ wrote on Friday that Geely, for its part, has kept its response general, noting, “We always keep an open mind when it comes to exploring cooperative opportunities,” while avoiding specifics about any potential deal. Earlier discussions went further than simple cooperation, including the possibility of Ford building future models on a Geely-developed platform and leveraging its engineering to speed up EV development. Geely also explored using Ford’s existing manufacturing footprint—particularly in Europe—to bypass trade barriers and scale production more efficiently. While those ideas remain on the table in some form, they highlight how both companies see strategic value in collaboration, even as geopolitical tensions limit how far that cooperation can extend. Later in the day on Friday after the report, Ford "denied a news report that it has held talks with Geely Automobile ...
U.S. stock-index futures dropped on Sunday as oil prices rose, ahead of a key week for Wall Street following record highs for the S&P 500 and the tech-heavy Nasdaq.
U.S. stock-index futures dropped on Sunday as oil prices rose, ahead of a key week for Wall Street following record highs for the S&P 500 and the tech-heavy Nasdaq.
Gold fell after efforts to resume peace talks between the US and Iran stalled and energy flows via the Strait of Hormuz remained choked, two months into a war that’s upended global markets and raised inflation risks. Bullion dropped as much as 0.6% to near $4,680 an ounce, extending a 2.5% decline in the previous week. US President Donald Trump canceled a planned trip by his top envoys to resume p...
Gold fell after efforts to resume peace talks between the US and Iran stalled and energy flows via the Strait of Hormuz remained choked, two months into a war that’s upended global markets and raised inflation risks. Bullion dropped as much as 0.6% to near $4,680 an ounce, extending a 2.5% decline in the previous week. US President Donald Trump canceled a planned trip by his top envoys to resume peace talks with Iran in Islamabad, while Tehran said it won’t negotiate as long as it’s being threatened. Oil gained on Monday, as Hormuz remained virtually impassable due to blockades set up by both countries. The energy-supply shock caused by the war has added to inflation risks, raising the likelihood that central banks will keep interest rates steady for longer or even hike them, which is a headwind for non-yielding bullion. Gold has lost about 11% since the conflict began at the end of February. Read More: US-Iran Peace Talks Stall as Conflict Nears Two-Month Mark Gold is “in technical no-man’s-land,” Nicky Shiels , head of research and metals strategy at MKS PAMP SA, said in a note. “Conviction is thin, larger allocations remain sidelined, physical is mixed, and ‘lost’ is probably the most honest word for where the market is right now.” Traders are assessing the Federal Reserve’s path on borrowing costs after US Attorney Jeanine Pirro said on Friday she’s dropping an investigation into cost overruns at the US central bank, opening the path for Trump pick Kevin Warsh to become its next chair. Investors don’t expect Warsh to deliver the aggressive rate cuts urged by the president, but rather pursue a measured approach with gradual moves to lower rates. Read More: Warsh Confirmation Set to Advance as GOP Holdout Backs Vote In the Middle East, the effective closure of Hormuz has disrupted around a fifth of the world’s oil flows. A fragile ceasefire largely held over the weekend but Trump told his envoys, Jared Kushner and Steve Witkoff , to skip their trip to Pakistan, wh...
Aston Villa and England midfielder Missy Bo Kearns says she spent "four days of hell in hospital" after suffering a miscarriage and contracting sepsis.
Aston Villa and England midfielder Missy Bo Kearns says she spent "four days of hell in hospital" after suffering a miscarriage and contracting sepsis.
Quantum computing technology isn't so far out that investors can ignore it. It's coming faster than most people think, and in order to realize maximum gains, investors need to start positioning their portfolios accordingly to take advantage of what could be a massive industry. Currently, the quantum computing market has relatively few sales of early-stage systems, and most revenue is derived from ...
Quantum computing technology isn't so far out that investors can ignore it. It's coming faster than most people think, and in order to realize maximum gains, investors need to start positioning their portfolios accordingly to take advantage of what could be a massive industry. Currently, the quantum computing market has relatively few sales of early-stage systems, and most revenue is derived from research partnerships and contracts. However, by 2035, McKinsey & Company estimates that the quantum computing industry could generate up to $72 billion in annual revenue. That's a huge opportunity expected to emerge over the next decade, and widespread quantum computing could be available as soon as 2030. As a result, investors have no time to lose in filling their portfolios with top quantum computing picks, as the best gains will come in the early days of the rollout, when there's the most uncertainty about who will win. I've got three stocks that I think are fantastic quantum computing investments, and make for genius buys in April. Continue reading