In this article Follow your favorite stocks CREATE FREE ACCOUNT The container ship Gunde Maersk sits docked at the Port of Oakland on June 24, 2024 in Oakland, California. Justin Sullivan | Getty Images Danish shipping giant Maersk on Friday temporarily suspended two services linking the Middle East to Asia and Europe as the Iran war continues to disrupt global supply chains . The company, widely ...
In this article Follow your favorite stocks CREATE FREE ACCOUNT The container ship Gunde Maersk sits docked at the Port of Oakland on June 24, 2024 in Oakland, California. Justin Sullivan | Getty Images Danish shipping giant Maersk on Friday temporarily suspended two services linking the Middle East to Asia and Europe as the Iran war continues to disrupt global supply chains . The company, widely regarded as a barometer of global trade, said the decision to halt the FM1 service, connecting the Far East to the Middle East, and the ME11 Service, linking the Middle East to Europe, was a precautionary measure to ensure the safety of its personnel and vessels. It comes as the U.S. and Israeli-led war on Iran enters its seventh day, with the expanding conflict resulting in the effective halt of shipping traffic through the strategically vital Strait of Hormuz . The waterway is a key, narrow maritime corridor that connects the Persian Gulf and the Gulf of Oman. Roughly 20% of global oil and gas typically passes through it. Container shipping giants, however, have suspended operations through the Strait of Hormuz since the U.S. and Israel launched attacks on Iran on Feb. 28 and rerouted vessels around the southern tip of Africa. The crisis has left 147 container ships sheltering in the Persian Gulf, according to freight analytics firm Xeneta, prompting delays, port congestion, and freight rate increases that are rippling across global markets. Zoom In Icon Arrows pointing outwards CNBC Europe Alongside the changes to the FM1 service and the ME11 service, Maersk said its shuttle services in the Persian Gulf region were suspended until further notice. The ME1 service connecting the Middle East to northern Europe will temporarily drop the call in Jebel Ali, a major port city in the United Arab Emirates, Maersk said, and continue to call India and Oman. Shares of Maersk were last seen 0.6% lower.
Indonesian President Prabowo Subianto ’s offer to mediate in the Iran conflict has backing from countries including Pakistan and the United Arab Emirates, an official said. Prabowo and leaders of various Muslim-majority nations are aligned in seeking to prevent conflict in the Middle East from escalating, Nusron Wahid, Indonesia’s agrarian affairs minister, said Thursday after a meeting between th...
Indonesian President Prabowo Subianto ’s offer to mediate in the Iran conflict has backing from countries including Pakistan and the United Arab Emirates, an official said. Prabowo and leaders of various Muslim-majority nations are aligned in seeking to prevent conflict in the Middle East from escalating, Nusron Wahid, Indonesia’s agrarian affairs minister, said Thursday after a meeting between the president and local Islamic leaders. “The president wants to meet with Iran,” Wahid, also a senior member of Nahdlatul Ulama, one of the country’s largest Muslim organizations, told reporters. “He has received support from several Middle Eastern countries, including Pakistan and the UAE.” The comments came after Prabowo hosted a Ramadan dinner at the Presidential Palace in Jakarta where he spoke for more than three hours while outlining his views on conflict in the Middle East. The gathering came a night after the president dined with former presidents and other leaders to gather support for his position on the issue. Prabowo has faced rising criticism since the outbreak of the conflict for joining President Donald Trump’s Board of Peace and offering to deploy thousands of peacekeeping troops to the Gaza region. Majelis Ulama Indonesia, an influential Islamic clerical body, this week urged the government to reconsider participation, as did a senior opposition lawmaker. Others in the world’s largest Muslim-majority nation have criticized the president’s delayed condolences after the killing of Supreme Leader Ayatollah Ali Khamenei. The gathering Thursday brought together more than a hundred leaders from major Islamic organizations including MUI, NU, Muhammadiyah and other organizations. Some in attendance urged the government to delay Board of Peace plans or reassess Indonesia’s participation, while officials argued that remaining engaged could give Jakarta room to promote peace efforts, according to accounts from several attendees. Prabowo indicated that Indonesia would w...
As drones and missiles target cities and critical infrastructure in Ukraine and the Gulf, the world is scrambling to secure supplies of the air defense interceptors needed to stop them. Several European Union states warned at a closed-door meeting in Brussels this week that there is a shortage of interceptors across the world, according to people familiar with the matter. Some of the officials not...
As drones and missiles target cities and critical infrastructure in Ukraine and the Gulf, the world is scrambling to secure supplies of the air defense interceptors needed to stop them. Several European Union states warned at a closed-door meeting in Brussels this week that there is a shortage of interceptors across the world, according to people familiar with the matter. Some of the officials noted that interceptor missiles could become more scarce if the war in the Middle East drags on. The continent has already tapped stockpiles to support Ukraine’s fight against Russia’s aggression, the people said. In Asia, Japan’s Mitsubishi Heavy Industries makes Patriot missiles under license from Lockheed Martin Corp. but it has limited capacity to contribute to global stocks. MHI is ramping up annual production from around 30 units a year, but it has also struggled with a bottleneck of supplies of components known as seekers that have to be shipped from the US. In 2025, the US produced about 600 of the missiles. Tokyo exported a batch of Patriot missiles to the US last year, but Japanese defense officials say the country needs its own deeper inventories of both Patriots and ship-launched SM-3 missiles used in air defense. Kyiv still faces constant bombardment from Russian missiles, and needs a steady flow of interceptors. Sending European supplies to allies in the Gulf also risks diverting resources away from Ukraine, said the people, who spoke on condition of anonymity to discuss private conversations. It is a scenario officials in Moscow believe will come to pass. The fears of an interceptor shortage come as years of warnings from Kyiv have become reality this week: cheap drones can cause colossal damage far beyond Ukraine. Alongside hundreds of ballistic missiles, waves of drone attacks by Iran have been putting pressure on the defenses of the US and its partners in the region. More than 1,000 Shahed-136 one-way strike drones — small, rudimentary cruise missiles — have ...
Remitly Global (RELY 0.34%) saw its stock price rise more than 35% in the past two weeks after it reported excellent fourth-quarter results. The company, a leader in processing international money transfers, also provided an upbeat outlook, which put investors into buy mode for the cheap stock. Revenue in the quarter increased by 26% from a year earlier, send volume surged by 35%, and active custo...
Remitly Global (RELY 0.34%) saw its stock price rise more than 35% in the past two weeks after it reported excellent fourth-quarter results. The company, a leader in processing international money transfers, also provided an upbeat outlook, which put investors into buy mode for the cheap stock. Revenue in the quarter increased by 26% from a year earlier, send volume surged by 35%, and active customers rose by 19%. It also swung to a profit, with net income of $41 million compared with a $6 million net loss in the same quarter a year ago. Its outlook for 2026 calls for 19% to 20% revenue growth, positive net income, and a 25% to 32% rise in adjusted earnings before interest, taxes, depreciation and amortization (EBITDA). Expand NASDAQ : RELY Remitly Global Today's Change ( -0.34 %) $ -0.06 Current Price $ 17.31 Key Data Points Market Cap $3.6B Day's Range $ 17.13 - $ 17.75 52wk Range $ 12.08 - $ 24.70 Volume 102K Avg Vol 3.7M Gross Margin 58.67 % All in all, it is a stock that should be on your radar. Wall Street analysts have an average price target of $21 per share, which would be about a 20% gain. But here's another financial stock that has even more upside to also put on your radar -- Capital One Financial (COF 0.95%). Merger fuels optimism Capital One stock is down about 19% year to date, mainly due to concerns about potential regulation and legislation affecting credit cards. But I take a more bullish view of Capital One, stemming largely from its acquisition of Discover. The acquisition, which closed last year, combined one of the largest credit card issuers with the Discover card payment network. The marriage of the two is expected to result in $2.5 billion to $2.7 billion in annual synergies, starting in 2027. That essentially means that the bank will see that much benefit each year between cost reductions and new revenue opportunities. Expand NYSE : COF Capital One Financial Today's Change ( -0.95 %) $ -1.85 Current Price $ 193.98 Key Data Points Market Cap...
Key Points Remitly Global, an international money transfer company, has seen its stock price surge more than 35% in the past two weeks. With a robust outlook, Remitly stock has some strong potential upside. But Capital One, which is dirt cheap, has even more growth potential. 10 stocks we like better than Capital One Financial › Remitly Global (NASDAQ: RELY) saw its stock price rise more than 35% ...
Key Points Remitly Global, an international money transfer company, has seen its stock price surge more than 35% in the past two weeks. With a robust outlook, Remitly stock has some strong potential upside. But Capital One, which is dirt cheap, has even more growth potential. 10 stocks we like better than Capital One Financial › Remitly Global (NASDAQ: RELY) saw its stock price rise more than 35% in the past two weeks after it reported excellent fourth-quarter results. The company, a leader in processing international money transfers, also provided an upbeat outlook, which put investors into buy mode for the cheap stock. 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 » Revenue in the quarter increased by 26% from a year earlier, send volume surged by 35%, and active customers rose by 19%. It also swung to a profit, with net income of $41 million compared with a $6 million net loss in the same quarter a year ago. Its outlook for 2026 calls for 19% to 20% revenue growth, positive net income, and a 25% to 32% rise in adjusted earnings before interest, taxes, depreciation and amortization (EBITDA). All in all, it is a stock that should be on your radar. Wall Street analysts have an average price target of $21 per share, which would be about a 20% gain. But here's another financial stock that has even more upside to also put on your radar -- Capital One Financial (NYSE: COF). Merger fuels optimism Capital One stock is down about 19% year to date, mainly due to concerns about potential regulation and legislation affecting credit cards. But I take a more bullish view of Capital One, stemming largely from its acquisition of Discover. The acquisition, which closed last year, combined one of the largest credit card issuers with the Discover card payment network. The marriage of the two is expected to result ...