The dollar index (DXY00 ) today fell to a 7-week low and is down by -0.45%. The dollar is under pressure today in hopes that an end to the war in Iran is near, curbing safe-haven demand for the dollar. Also, today's rally in stocks has reduced liquidity demand for...
The dollar index (DXY00 ) today fell to a 7-week low and is down by -0.45%. The dollar is under pressure today in hopes that an end to the war in Iran is near, curbing safe-haven demand for the dollar. Also, today's rally in stocks has reduced liquidity demand for...
Keir Starmer says it is ‘staggering’ and ‘unforgivable’ that he was not told Peter Mandelson had failed security vetting before taking up the role of US ambassador. The comments follow a Guardian investigation that exclusively revealed Mandelson had initially been denied clearance after a background check by security officials, but that the decision was overruled by the Foreign Office. Lucy Hough ...
Keir Starmer says it is ‘staggering’ and ‘unforgivable’ that he was not told Peter Mandelson had failed security vetting before taking up the role of US ambassador. The comments follow a Guardian investigation that exclusively revealed Mandelson had initially been denied clearance after a background check by security officials, but that the decision was overruled by the Foreign Office. Lucy Hough speaks to the Guardian’s head of investigations, Paul Lewis – watch on YouTube Continue reading...
The United States Payment Gateway Market, projected to grow from US$ 6.12 billion in 2025 to US$ 9.39 billion by 2034 at a CAGR of 4.87%, is propelled by e-commerce expansion, mobile and contactless payment adoption, and digital wallet integration. Technological advancements, such as AI-driven fraud detection, enhance secure and seamless transactions. Compliance with regulatory standards like PCI ...
The United States Payment Gateway Market, projected to grow from US$ 6.12 billion in 2025 to US$ 9.39 billion by 2034 at a CAGR of 4.87%, is propelled by e-commerce expansion, mobile and contactless payment adoption, and digital wallet integration. Technological advancements, such as AI-driven fraud detection, enhance secure and seamless transactions. Compliance with regulatory standards like PCI DSS boosts trust in digital payments. Key markets include California, Texas, New York, and Florida,
Federal Reserve Bank of San Francisco President Mary Daly says it is too early to know whether the war in Iran will create a long-term economic shock during remarks at UC Berkeley. (Source: Bloomberg)
Federal Reserve Bank of San Francisco President Mary Daly says it is too early to know whether the war in Iran will create a long-term economic shock during remarks at UC Berkeley. (Source: Bloomberg)
Check out the companies making the biggest moves midday: Energy stocks - Shares fell sharply as oil prices sunk more than 12% after Iran opened the Strait of Hormuz for the duration of the ceasefire between Israel and Lebanon. APA Corporation declined by more than 9%, while Valero Energy fell more than 8.5%. Occidental Petroleum fell more than 7%, while Exxon Mobil was down 5%. Chevron declined ov...
Check out the companies making the biggest moves midday: Energy stocks - Shares fell sharply as oil prices sunk more than 12% after Iran opened the Strait of Hormuz for the duration of the ceasefire between Israel and Lebanon. APA Corporation declined by more than 9%, while Valero Energy fell more than 8.5%. Occidental Petroleum fell more than 7%, while Exxon Mobil was down 5%. Chevron declined over 4%. Travel stocks — The group rallied after Iran declared the Strait of Hormuz open to commercial shipping. Royal Caribbean popped 9.7%. United Airlines also jumped more than 9%. Expedia gained 5%. Critical Metals — Shares jumped more than 40% after Greenland's government approved the transfer of a 50.5% interest in Tanbreez Mining to Critical Metals. This brings the company's stake in the rare earths mine to 92.5%. Strategy – The bitcoin treasury company gained about 13%. Bitcoin jumped 3% on the day to surpass $77,000, bringing the value of Strategy's bitcoin holdings back into positive territory and making them profitable. In early February, the flagship cryptocurrency tumbled below Strategy's average purchase price of $76,052. Autoliv — The maker of airbags, seat belts and steering wheels jumped 10% after first-quarter earnings per share excluding one-time items of $2.05 topped the Wall Street consensus of $1.83, according to FactSet data. Revenue of $2.75 billion beat analysts' highest estimate. Chemical stocks – Shares of chemical producers with ties to the agriculture market plummeted after Iran reopened the Strait of Hormuz. The waterway is key to the transport of fertilizer components. Intrepid Potash and CF Industries tumbled 10%, while Dow lost 11%. Onto Innovation — The maker of semiconductor process control equipment leapt more than 8% after preliminary first-quarter revenue handily beat Street estimates, and Stifel Financial upgraded Onto to buy from hold and raised its 12-month price target to $350. Badger Meter — The maker of water measurement and control...
Albemarle stock received a downgrade Friday, one day after shares of the lithium miner jumped 16% to notch their highest close in well more than two years. Baird analysts cut their rating on Albemarle to Neutral from Outperform while keeping their price target unchanged at $120. Albemarle stock fell 8.3% to $197.74 on Friday.
Albemarle stock received a downgrade Friday, one day after shares of the lithium miner jumped 16% to notch their highest close in well more than two years. Baird analysts cut their rating on Albemarle to Neutral from Outperform while keeping their price target unchanged at $120. Albemarle stock fell 8.3% to $197.74 on Friday.
Tanker owners and oil traders responded warily after Iran said on Friday that the Strait of Hormuz is open to all ships — a statement that, if true, will free up millions of barrels of crude oil and fuel stuck inside the Persian Gulf. The country’s Foreign Minister Abbas Araghchi said in a post on X that “the passage for all commercial vessels through Strait of Hormuz is declared completely open.”...
Tanker owners and oil traders responded warily after Iran said on Friday that the Strait of Hormuz is open to all ships — a statement that, if true, will free up millions of barrels of crude oil and fuel stuck inside the Persian Gulf. The country’s Foreign Minister Abbas Araghchi said in a post on X that “the passage for all commercial vessels through Strait of Hormuz is declared completely open.” Araghchi’s post said the waterway is open, but through a “coordinated route” — an apparent reference to a Tehran-approved passage. Soon after, US President Donald Trump said in a social media post of his own that Hormuz was open — even if an American blockade of Iranian shipping remains in place. Oil and natural gas prices plunged and stock markets rallied on the messaging. Bloomberg spoke to over a dozen ship owners, agents, brokers and traders, most of whom asked not to be identified discussing private deliberations. The majority said Iran’s statement lacked detail, and that they would wait and see how it works out in practice. People familiar with the thinking of some large producers in the region also expressed caution. “The market will treat it with cautious optimism rather than full confidence,” said Capt. Farhad Patel, director of Sharaf Shipping Agency in Dubai, a firm that works with many owners in the area. “While this move should help restore some vessel movement and ease immediate pressure on energy flows, the operating environment remains highly controlled and sensitive.” Routing restrictions, inspections, and parallel enforcement measures in the region mean this is not yet a return to normal trading conditions, Patel said. There has been no sign of ships rushing to transit the Strait of Hormuz in the hours since the announcement, according to vessel tracking data compiled by Bloomberg. Shipowners said that so far, no one wants to be the first to find out whether the route really is safe and fully open. “Would you be the first penguin off the ice floe to test ...
Aevex Corp. shares rose 15% after the maker of military drones raised $320 million in a US initial public offering. Shares of the Madison Dearborn Partners -backed firm opened at $23.01 each on Friday in New York, versus an IPO price of $20 apiece. The offering of 16 million shares was marketed in a range of $18 to $21 each. The trading gives Aevex a market value of $2.57 billion based on the outs...
Aevex Corp. shares rose 15% after the maker of military drones raised $320 million in a US initial public offering. Shares of the Madison Dearborn Partners -backed firm opened at $23.01 each on Friday in New York, versus an IPO price of $20 apiece. The offering of 16 million shares was marketed in a range of $18 to $21 each. The trading gives Aevex a market value of $2.57 billion based on the outstanding shares listed in its filings. A substantial portion of the company’s revenue last year came from Ukraine, the filing shows. Its two main unmanned systems programs, called Phoenix Ghost and EUCOM AOR Deep Strike, have delivered or committed to deliver more than 9,300 systems, representing more than $1.2 billion in contract value through the end of this year. As defense budgets shift toward advanced technologies, Aevex is well positioned to benefit from rising investor focus on the sector . The Trump administration is expected to prioritize newer contractors as it expands and modernizes its missile stockpile, directing funding toward companies that can produce weapons faster, at lower cost, and with more advanced technology while easing supply chain constraints exposed by recent conflicts. Aevex projects that demand for unmanned systems will grow to $11 billion in the US and $26 billion globally by 2030. The company had a net loss of $16.9 million on revenue of $432.9 million for the year ended Dec. 31, compared with net income of $78.5 on revenue of $392.2 million a year earlier, according to its filings. For the latest news on equity capital markets activity in the US, Canada and Latin America, follow the channel or visit NI BFWECMUS . To subscribe to ECM Watch , Bloomberg’s daily roundup of news from around the region, click here . Madison Dearborn and CoVant Management acquired the company in a $450 million leveraged buyout in 2020, according to data provider PitchBook. Madison Dearborn was expected to hold 79% of the shareholder voting power after the IPO, the fi...
Park-Ohio ( PKOH ) declares $0.125/share quarterly dividend , in line with previous. Forward yield 1.83% Payable May 15; for shareholders of record May 1; ex-div May 1. See PKOH Dividend Scorecard, Yield Chart, & Dividend Growth. More on Park-Ohio Park-Ohio Holdings Corp. 2025 Q4 - Results - Earnings Call Presentation Park-Ohio Holdings Corp. (PKOH) Q4 2025 Earnings Call Transcript Park-Ohio outli...
Park-Ohio ( PKOH ) declares $0.125/share quarterly dividend , in line with previous. Forward yield 1.83% Payable May 15; for shareholders of record May 1; ex-div May 1. See PKOH Dividend Scorecard, Yield Chart, & Dividend Growth. More on Park-Ohio Park-Ohio Holdings Corp. 2025 Q4 - Results - Earnings Call Presentation Park-Ohio Holdings Corp. (PKOH) Q4 2025 Earnings Call Transcript Park-Ohio outlines 5%–7% revenue growth target for 2026 while investing for margin expansion Seeking Alpha’s Quant Rating on Park-Ohio Historical earnings data for Park-Ohio
Keir Starmer says it is ‘staggering’ and ‘unforgivable’ that he was not told Peter Mandelson had failed security vetting before taking up the role of US ambassador. The comments follow a Guardian investigation that exclusively revealed Mandelson had initially been denied clearance after a background check by security officials, but that the decision was overruled by the Foreign Office. Lucy Hough ...
Keir Starmer says it is ‘staggering’ and ‘unforgivable’ that he was not told Peter Mandelson had failed security vetting before taking up the role of US ambassador. The comments follow a Guardian investigation that exclusively revealed Mandelson had initially been denied clearance after a background check by security officials, but that the decision was overruled by the Foreign Office. Lucy Hough speaks to the Guardian's head of investigations, Paul Lewis Continue reading...
Shares of Netflix (NASDAQ: NFLX) fell as much as 11.8% shortly after Friday's opening bell, following a fantastic earnings report with modest guidance for the next quarter. As of 11:25 a.m. ET, the entertainment pioneer's stock had recovered slightly to a 9.7% drop. Image source: Netflix. Netflix's first-quarter sales rose 16.2% year-over-year to $12.25 billion. That's just ahead of management's g...
Shares of Netflix (NASDAQ: NFLX) fell as much as 11.8% shortly after Friday's opening bell, following a fantastic earnings report with modest guidance for the next quarter. As of 11:25 a.m. ET, the entertainment pioneer's stock had recovered slightly to a 9.7% drop. Image source: Netflix. Netflix's first-quarter sales rose 16.2% year-over-year to $12.25 billion. That's just ahead of management's guidance, and the consensus Street view, calling for $12.18 billion. Continue reading