It is reasonable to expect elevated oil prices to eventually start weighing on the profitability of other sectors. We are not there yet, but if the ongoing supply-side issues persist for another couple of months, we should expect earnings estimates in the aggregate to come under pressure.
It is reasonable to expect elevated oil prices to eventually start weighing on the profitability of other sectors. We are not there yet, but if the ongoing supply-side issues persist for another couple of months, we should expect earnings estimates in the aggregate to come under pressure.
Donald Trump Jr. and Zach Witkoff of World Liberty Financial at Token2049, a prominent crypto conference in Singapore, on Wednesday, Oct. 1, 2025. Wachsman Republicans on a House Natural Resources subcommittee blocked a Democratic motion to subpoena Donald Trump Jr. , President Donald Trump 's eldest son, over his backing of critical mineral companies. President Trump's administration is trying to...
Donald Trump Jr. and Zach Witkoff of World Liberty Financial at Token2049, a prominent crypto conference in Singapore, on Wednesday, Oct. 1, 2025. Wachsman Republicans on a House Natural Resources subcommittee blocked a Democratic motion to subpoena Donald Trump Jr. , President Donald Trump 's eldest son, over his backing of critical mineral companies. President Trump's administration is trying to rapidly increase the production of critical minerals in the U.S. Vulcan Elements, a rare earth magnet maker backed by Trump Jr.'s 1789 Capital , received a $620 million federal loan last year from the Department of Defense. Democrats on the panel sought to subpoena the younger Trump to force his testimony on the Vulcan deal. The hearing, called by the majority Republicans on the Oversight and Investigations subcommittee, was titled "Unleashing America's Mineral Potential: The Critical Mineral Commodity Supply Chain." "We are done waiting for Republicans to fulfill their responsibility to conduct oversight," said Rep. Maxine Dexter, D-Ore, the top Democrat on the subcommittee, when offering the motion to subpoena. "Donald Trump Jr. must be made to answer whether the president's son illegally profited from his father's presidency." Read more CNBC politics coverage Pakistan offers to facilitate U.S.-Iran war talks as Trump, Tehran give mixed signals DCCC launches geotargeted digital ad campaign hitting GOP for gas prices Senate confirms Markwayne Mullin as next DHS secretary Dexter also called to subpoena Patrick Witt from the Pentagon's Office of Strategic Capital, and Vulcan Materials Co. CEO Ronnie Pruitt. Trump's family business ties have been under immense scrutiny during his second administration, particularly the investment activity of his sons, Trump Jr. and Eric Trump. Democrats have warned that they stand to benefit financially from the companies they are backing receiving lucrative contracts from the government their father runs. Republican subcommittee chair Paul ...
Meta Platforms (NasdaqGS:META) has been found liable in separate jury trials in New Mexico and California over alleged mental health harms to minors linked to its platform design. Jurors in both cases awarded significant damages and concluded Meta misled users about child safety features on its social media services. At the same time, Meta has introduced new executive stock option packages tied to...
Meta Platforms (NasdaqGS:META) has been found liable in separate jury trials in New Mexico and California over alleged mental health harms to minors linked to its platform design. Jurors in both cases awarded significant damages and concluded Meta misled users about child safety features on its social media services. At the same time, Meta has introduced new executive stock option packages tied to a targeted US$9t market cap and an AI focused transformation plan. These moves come alongside...
Warby Parker’s modeled fair value has shifted from US$28.67 to US$29.17, a small move that still matters if you are tracking how the story is evolving. Analysts linking this change to updated views on store growth, category mix, and the Google AI glasses partnership see the stock’s setup as mixed but constructive, with both upside angles and clear execution questions. Read on to see what is behind...
Warby Parker’s modeled fair value has shifted from US$28.67 to US$29.17, a small move that still matters if you are tracking how the story is evolving. Analysts linking this change to updated views on store growth, category mix, and the Google AI glasses partnership see the stock’s setup as mixed but constructive, with both upside angles and clear execution questions. Read on to see what is behind these revisions and how to keep your own view aligned with the evolving narrative. Stay updated...
Surcharge, spurred by oil price spikes due to the Iran war, is set to take effect on 26 April and run until January 2027 The US Postal Service (USPS) plans to introduce its first-ever fuel surcharge on packages to offset rising energy costs, according to a statement. The surcharge, set at 8%, is expected to take effect on 26 April and remain in place until 17 January 2027 under the current plan. C...
Surcharge, spurred by oil price spikes due to the Iran war, is set to take effect on 26 April and run until January 2027 The US Postal Service (USPS) plans to introduce its first-ever fuel surcharge on packages to offset rising energy costs, according to a statement. The surcharge, set at 8%, is expected to take effect on 26 April and remain in place until 17 January 2027 under the current plan. Continue reading...
Manchester United have it all to do in Germany next week after succumbing to a 3-2 first leg loss to a Bayern Munich team inspired by Pernille Harder, who scored twice. The away supporters were singing ‘football’s coming home’ by the end, with their team now strong favourites for a semi-final spot after a night when the home side never quite showed their full potential. Continue reading...
Manchester United have it all to do in Germany next week after succumbing to a 3-2 first leg loss to a Bayern Munich team inspired by Pernille Harder, who scored twice. The away supporters were singing ‘football’s coming home’ by the end, with their team now strong favourites for a semi-final spot after a night when the home side never quite showed their full potential. Continue reading...
Traders work on the floor of the New York Stock Exchange. NYSE U.S. stock futures were little changed on Wednesday night as traders followed the latest developments out of the Middle East, hoping for progress toward ending the war in Iran. S&P 500 futures and Nasdaq 100 futures traded marginally lower. Futures tied to the Dow Jones Industrial Average fell by 9 points, or less than 0.1%. All three ...
Traders work on the floor of the New York Stock Exchange. NYSE U.S. stock futures were little changed on Wednesday night as traders followed the latest developments out of the Middle East, hoping for progress toward ending the war in Iran. S&P 500 futures and Nasdaq 100 futures traded marginally lower. Futures tied to the Dow Jones Industrial Average fell by 9 points, or less than 0.1%. All three major indexes ended Wednesday's regular session higher. The S&P 500 added 0.54%, while the Nasdaq Composite jumped 0.77%. The Dow surged 305.43 points, or 0.66%. Iran's foreign minister reportedly told state media on Wednesday that Tehran has no intention to hold talks with the U.S., but top authorities in the Middle Eastern nation are reviewing an American proposal to end the war. Earlier Wednesday, Iran state media reported that the nation would reject a U.S. ceasefire offer , instead countering with its five-point list that would give Tehran control over the Strait of Hormuz. Oil prices cooled slightly during Wednesday's session as traders bet that the conflict was on its way to a resolution. U.S. oil futures dropped 2.2% to settle at $90.32 a barrel, while international Brent crude futures slid 2.17% to close at $102.22. The major averages are all up week to date after contending with a major meltdown last week on the back of ramping tensions from the Middle East. But Kate Moore, chief investment officer of Citi Wealth, believes that investors seem too sanguine that a resolution is coming. "Some of the price action we've experienced, especially in the last two trading days, is basically showing, I think, a huge amount of optimism that we're going to have a resolution and not a broad-based inflationary impact from the shock in energy," she said on CNBC's " Closing Bell: Overtime " on Wednesday afternoon. "That makes me a little bit nervous, if I'm honest." She added, "I want to be very, very thoughtful about how we construct portfolios because we want to build for resili...
City Holding Company ( CHCO ) on Wednesday said that its board has approved a share repurchase plan of up to 1 million common shares, representing about 7% of its outstanding stock. The company said the buybacks will be carried out in open market transactions, with no set time limit, and may be started or paused depending on market and business conditions. City Holding also said the new authorizat...
City Holding Company ( CHCO ) on Wednesday said that its board has approved a share repurchase plan of up to 1 million common shares, representing about 7% of its outstanding stock. The company said the buybacks will be carried out in open market transactions, with no set time limit, and may be started or paused depending on market and business conditions. City Holding also said the new authorization replaces its January 2024 repurchase plan, under which it had bought back 822,634 shares as of March 25, 2026. CHCO +0.99% after hours to $120.59. Source: Press Release More on City Holding Seeking Alpha’s Quant Rating on City Holding Historical earnings data for City Holding Dividend scorecard for City Holding Financial information for City Holding
Oil climbed as the US and Iran offered conflicting comments on efforts to end the war that’s shuttered the Strait of Hormuz and stoked concerns of a global energy crisis. West Texas Intermediate rose above $91 a barrel, after ending about 2% lower on Wednesday, as Brent closed above $102. While the White House insisted peace talks are ongoing, Tehran rejected the US overtures and issued its own co...
Oil climbed as the US and Iran offered conflicting comments on efforts to end the war that’s shuttered the Strait of Hormuz and stoked concerns of a global energy crisis. West Texas Intermediate rose above $91 a barrel, after ending about 2% lower on Wednesday, as Brent closed above $102. While the White House insisted peace talks are ongoing, Tehran rejected the US overtures and issued its own conditions, including sovereign control over the critical waterway. US crude is on pace for the biggest monthly gain since mid-2020 as the conflict engulfs the energy-rich Middle East and sends shockwaves through the global economy , hitting Asia especially hard. The near-total closure of Hormuz has meant millions of barrels of lost daily oil production. On Wednesday, the White House mixed offers of diplomacy with threats of more attacks in the war against the Islamic Republic, which Washington started with Israel at the end of February. President Donald Trump “does not bluff and he is prepared to unleash hell,” Press Secretary Karoline Leavitt said. “Iran controls the strait; he needs the strait open,” said Aaron Stein, president of the Foreign Policy Research Institute, referring to the US leader. “He can do that consensually or coercively. He’s trying to do both. So it’s the same old story. We’re gonna yo-yo up and down on price as traders try and glean what will happen,” Stein added. To get Bloomberg’s Energy Daily newsletter in your inbox, click here . WTI for May delivery gained 1.1% to $91.27 a barrel at 6:01 a.m. in Singapore. Brent for May settlement closed 2.2% lower at $102.22 a barrel on Wednesday.
A New York Fed index on Wednesday signaled that the US corporate bond market saw more dislocations in March, with the high-grade bond market more bruised than its high-yield counterpart. The Corporate Bond Market Distress Index, which the Federal Reserve of New York launched in 2022 to assess brewing risks in the US credit market, jumped earlier this month to the highest level since May 2025. The ...
A New York Fed index on Wednesday signaled that the US corporate bond market saw more dislocations in March, with the high-grade bond market more bruised than its high-yield counterpart. The Corporate Bond Market Distress Index, which the Federal Reserve of New York launched in 2022 to assess brewing risks in the US credit market, jumped earlier this month to the highest level since May 2025. The investment-grade component of the index last week surged to the highest since December 2023. The index, based on a 0 to 1 scale, with 1 showing the highest stress, rose to 0.16 from 0.09 in late February. The high-grade index rose to 0.28 from 0.09. The investment-grade sub-index ended the period around the historical 60th percentile - meaning conditions are more stressed than usual. “Credit market functioning deteriorated over the past month,” the New York Fed said on Wednesday. “The investment-grade CMDI sector increased more than its high-yield counterpart.” The index measures the functioning of the corporate bond market by aggregating changes in indicators including the pricing of newly issued bonds and measures of secondary market liquidity. It aims to take a snapshot of market conditions compared with historical periods of market dislocations such as the 2008-2009 global financial crisis and the market stress of March 2020 caused by the Covid-19 virus. The index uses weekly metrics but gets published on a monthly basis on the last Wednesday of each month. Despite the Iran war that started on February 28, the investment-grade bond market has continued to see hefty issuance over the past few weeks, with bond sales of almost $230 billion, close to what bank syndicates had estimated for the month. Investment grade credit spreads - a market measure of credit risk for blue-chip companies - widened over the past few weeks as the Iran war boosted market uncertainty, and then snapped back to 84 basis points as of Tuesday, unchanged from where they stood before the conflict. Bu...
It is reasonable to expect elevated oil prices to eventually start weighing on the profitability of other sectors. We are not there yet, but if the ongoing supply-side issues persist for another couple of months, we should expect earnings estimates in the aggregate to come under pressure.
It is reasonable to expect elevated oil prices to eventually start weighing on the profitability of other sectors. We are not there yet, but if the ongoing supply-side issues persist for another couple of months, we should expect earnings estimates in the aggregate to come under pressure.