As the conflict in the Middle East continues to roil global markets, investors are searching for signs of a turnaround. However, today on CNBC, Altaf Kassam – EMEA Head of Investment Strategy and Research at State Street Global Advisors – provided a sobering reality check. While historical precedents suggest that markets often rally before a
Oil prices fell more than 2% on Friday after the US granted a waiver for sanctioned Russian crude and an Indian tanker sailed out of the Strait of Hormuz. However, both benchmarks, Brent and West Texas Intermediate crude oil, were on course for weekly gains due to the ongoing conflict in the Middle East. On
Nutrien stock price has staged a strong comeback, reaching its highest point since September 2022. It jumped to $82, up by 100% from its lowest point during the pandemic, with the rally accelerating amid the ongoing Iran war. This surge has pushed its market capitalization to over $38 billion. It may continue rising after forming
After four years of applications, regulatory back-and-forth, and an extended mobilisation period that has broken UK records for its length, Revolut is finally close to securing a full banking licence in its home market. The Financial Times reported Wednesday that the approval is imminent, a milestone that would end a process that began in 2021
Crude oil has had a dramatic couple of days with prices hitting a more than three-year high on Monday, and plummeting 7% to briefly trade below $90 per barrel on Tuesday. Both the West Texas Intermediate and Brent crude oil plunged as US President Donald Trump said that the war in the Middle East with
With conflict escalating in the Middle East Gulf, the crucial Strait of Hormuz has effectively shut down, immediately halting the transit of oil and casting deep uncertainty over the fate of roughly 16 million barrels per day (bpd) of crude exports from the region. As flows through this vital chokepoint grind to a standstill, the
Crude oil price continued rising this weekend as the war in Iran continued, pushing some key countries to slash their output. Hyperliquid futures show that West Texas Intermediate (WTI) soared to $115 on Sunday, much higher than Friday’s close of $90. Brent, the global benchmark, rose to $117, the highest level since 2022. WTI crude
In 2025, artificial intelligence moved from tech circles into everyday life. It showed up everywhere, from conversations at the dinner table, in questions about whether the next phone or washing machine would run on AI, and in emails from managers urging employees to learn how to use it. Suddenly, the technology was no longer abstract.
The US labor market showed signs of cooling in February after nonfarm payrolls unexpectedly fell, and unemployment also came a notch higher than expected, complicating the picture for the Fed ahead of its rate decision as it weighs a weak jobs report against the fuel price-led inflationary risks caused by the Middle East conflict. Nonfarm
Brent crude prices rose to their highest level since July 2024 as the US-Israel conflict with Iran continued to escalate, disrupting supplies from the Middle East. At the time of writing, the Brent crude price on the Intercontinental Exchange was at $84.32 per barrel, up 8.4%. The contract had hit $85.10 per barrel earlier in