Rangsarit Chaiyakun The U.S. national average price of gasoline rose above $4 a gallon on Monday for the first time in more than three years, according to GasBuddy data, as the U.S.-Israel war with Iran continued to disrupt global energy markets. The $4 per gallon milestone was last reached in August 2022 following Russia's invasion of Ukraine and represents what some analysts have called a psycho...
Rangsarit Chaiyakun The U.S. national average price of gasoline rose above $4 a gallon on Monday for the first time in more than three years, according to GasBuddy data, as the U.S.-Israel war with Iran continued to disrupt global energy markets. The $4 per gallon milestone was last reached in August 2022 following Russia's invasion of Ukraine and represents what some analysts have called a psychological barrier for consumers, according to a Reuters report. Prices for many goods are climbing, including oil used to make gasoline, following Iran's essential closure of the Strait of Hormuz, a key trade chokepoint. Front-month Nymex natural gas ( NG1:COM ) futures were down 1.6% in early trading on Tuesday to $2.84/MMBtu. Diesel prices ( HO1:COM ) were up 0.3% to $4.22. U.S. national average retail gasoline prices have climbed about $1.06 a gallon, or 36%, since the U.S. and Israel attacked Iran at the end of February. "A sudden outbreak of war leads to a spike in US gasoline to $4.00 per gallon. That describes the current Iran conflict - and also Russia’s invasion of Ukraine in 2022. Then, as now, oil prices soared around the world, and emergency oil stockpiles were tapped. But we envision this crisis being shorter: whereas gas stayed above $4.00 for 23 weeks in 2022, we expect prices starting to cool in the next few weeks," Raymond James analyst Pavel Molchanov told Reuters. ETFs: ( USO ), ( BNO ), ( UCO ), ( SCO ), ( USL ), ( DBO ), ( DRIP ), ( GUSH ), ( USOI ), ( UGA ), ( UNG ), ( BOIL ), ( KOLD ), ( UNL ), ( FCG ), ( XLE ) More on energy, etc. What Markets Are Telling Us About The Duration Of The Middle East Conflict Oil Shock Meets Asset Price Deflation Is The War Really Reaching Its End? Assets Bounce Despite Oil Rally - Market Check U.S. crude oil closes above $100 for first time since 2022 after latest Middle East threats War in Iran could lead to a U.S. inflation shock – Mohamed El-Erian
From Italy to France, Germany to Hungary, far-right governments and politicians are targeting media with the same playbook Revealed: Five EU governments found to ‘consistently’ dismantle rule of law Barely six months after Giorgia Meloni’s government was sworn in, the chief executive of Italy’s public broadcaster Rai resigned. Carlo Fuortes cited “a political conflict” as the reason for his depart...
From Italy to France, Germany to Hungary, far-right governments and politicians are targeting media with the same playbook Revealed: Five EU governments found to ‘consistently’ dismantle rule of law Barely six months after Giorgia Meloni’s government was sworn in, the chief executive of Italy’s public broadcaster Rai resigned. Carlo Fuortes cited “a political conflict” as the reason for his departure in May 2023, a year before the end of his term. The top posts quickly went to nominees with ties to Meloni’s Brothers of Italy, a party with neofascist roots. Rai’s CEO is now Giampaolo Rossi, a former Rai board member who has in the past voiced support for Vladimir Putin, Viktor Orbán and Donald Trump. Continue reading...
Maks_Lab/iStock via Getty Images By Lynn Song , Chief Economist, Greater China Manufacturing PMI returns to expansion despite Iran War China's manufacturing PMI rebounded to 50.4 in March, up sharply from 49.0 in February. This came in stronger than market expectations and reached a 12-month high. Although the official PMI and industrial production trends have generally shown a looser-than-normal ...
Maks_Lab/iStock via Getty Images By Lynn Song , Chief Economist, Greater China Manufacturing PMI returns to expansion despite Iran War China's manufacturing PMI rebounded to 50.4 in March, up sharply from 49.0 in February. This came in stronger than market expectations and reached a 12-month high. Although the official PMI and industrial production trends have generally shown a looser-than-normal correlation over the past year, they nonetheless suggest a solid start to the year for China's industrial activity. The recovery was broad-based. Production (51.4), new orders (51.6), new export orders (49.1), and employment (48.6) all increased on the month. The new export orders subindex, in particular, reached its highest level since April 2024, as external demand continues to buoy growth in China. We’re starting to see some of the impact of the Iran war and higher energy prices in the subindices. First, the purchase price of raw materials subindex surged to 63.9, up from 54.8. This is the highest monthly read since April 2022. Second, ex-factory prices also rose to 55.4, up from 50.6, hitting a 48-month high. This suggests that inflationary pressure is set to pick up in the months ahead. Persistently higher prices could begin to weigh more substantively on activity in the coming months. Price subindices starting to show impact from Iran war Non-manufacturing PMI also returned to expansion China's non-manufacturing PMI also beat expectations, rebounding to 50.1 in March. This snapped a two-month contraction streak. The uptick appears to be primarily due to a smaller contraction in new export orders, which rose to a 6-month high of 48.8 from 44.7. We also saw upticks in input prices in the non-manufacturing PMI index. This is another data point supporting China's reflationary theme. Generally, the other subcategories remained quite soft, indicating that the services sector remains under pressure. Business expectations, which have consistently been an outperformer in the n...
Caliber ( CWD ) said that an institutional investor converted about $15.9M of its Series B perpetual convertible preferred equity into common stock. The investor converted 15,868 preferred shares, originally issued at $1,000 each, into 63,472 common shares at a $250 per share conversion price. The company said the move removes $15.9M of preferred equity from its balance sheet and replaces it with ...
Caliber ( CWD ) said that an institutional investor converted about $15.9M of its Series B perpetual convertible preferred equity into common stock. The investor converted 15,868 preferred shares, originally issued at $1,000 each, into 63,472 common shares at a $250 per share conversion price. The company said the move removes $15.9M of preferred equity from its balance sheet and replaces it with common equity, thereby reducing capital senior to common shareholders and streamlining its capitalization, while overall shareholder equity remains unchanged. More on CaliberCos CaliberCos Inc. 2025 Q4 - Results - Earnings Call Presentation Financial information for CaliberCos
Taiwanese shares have outperformed their South Korean peers by the widest margin since 2009, underscoring their relative resilience as the Middle East tensions roil markets. The island’s stock benchmark has fallen 10% in March, while Korea’s Kospi gauge has plunged 19%. Taiwan’s largest equity exchange-traded fund is set for record inflows this month as domestic investors piled into the technology...
Taiwanese shares have outperformed their South Korean peers by the widest margin since 2009, underscoring their relative resilience as the Middle East tensions roil markets. The island’s stock benchmark has fallen 10% in March, while Korea’s Kospi gauge has plunged 19%. Taiwan’s largest equity exchange-traded fund is set for record inflows this month as domestic investors piled into the technology-heavy product. Read More: South Korean Stocks Extend Slump Since February High to 20% The more modest decline in Taiwan shares also reflects their smaller gains of about 22% from the beginning of the year up to the start of the Iran conflict, compared with a 48% rally in Korean stocks that made them the world’s best performers at the time. Investors remain broadly constructive on Taiwan given its key role in the global semiconductor supply chain. HSBC Holdings Plc upgraded the island’s stocks to neutral to increase its exposure to the artificial intelligence theme in Asia. “We prefer Taiwan over Korea as our primary AI-related equity exposure in the region,” with earnings expectations still among the strongest in Asia, HSBC strategists including Herald van der Linde wrote in a note Tuesday. On the other hand, highly concentrated holdings in Korea by global emerging market funds risks more outflows, he said.
Raspberry Pi Holdings Plc , a British maker of small, low-cost computers, reported a 25% sales rise in 2025 as demand for its products in the US and China outweighed the impacts of the ongoing memory chip shortage. The Cambridge-based company reported $323.2 million in revenue for the year, from $259.5 million in 2024, it said in a statement on Tuesday. Chief Executive Officer Eben Upton said the ...
Raspberry Pi Holdings Plc , a British maker of small, low-cost computers, reported a 25% sales rise in 2025 as demand for its products in the US and China outweighed the impacts of the ongoing memory chip shortage. The Cambridge-based company reported $323.2 million in revenue for the year, from $259.5 million in 2024, it said in a statement on Tuesday. Chief Executive Officer Eben Upton said the firm had successfully navigated chip price “inflation.” The company said it sold more semiconductors than computers for the first time during the year. Raspberry Pi was created as a foundation in 2008 to fill gaps in computer science education in the UK. Its tiny computers are versatile, with about 70% of sales coming from customers using them for industrial and embedded applications. A smaller base of enthusiasts use the mini computers for DIY projects. The company’s shares surged 36% on Feb. 17 after social media users suggested that adoption of artificial intelligence agents like OpenClaw could drive demand for Raspberry Pi’s computers. It has given back most of those gains, and the stock remains down about 37% over the last 12 months. It closed at 292.20 pence on Monday. Like other consumer electronics makers, Raspberry Pi is grappling with the ongoing memory chip shortage. The crunch is due to AI data center builders paying a premium tto guarantee supplies — leaving fewer chips available for consumer devices and cars. Raspberry Pi has increased prices twice in four months, citing the shortage. Read More: Why the AI Boom Will Make Phones, Cars and Electronics More Expensive