As Brent crude prices soar amid escalating tensions in the Gulf, the oil trading landscape faces unprecedented challenges, according to Baron Lamarre, co-founder of International Digital Exchange, an expert in energy markets and former trader at Petronas and Shell. In an interview with Invezz, Lamarre highlighted how traditional oil trading is being stress-tested at its weakest
The S&P 500 Index continued its strong downward trend last week as the Iran war continued, pushing crude oil and natural gas prices higher. The SPX index fell to $6,368, its lowest level since August last year. It has fallen in the last five consecutive weeks. S&P 500 Index in focus as Iran war takes
Wall Street’s most persistent bull, Tom Lee, is doubling down on a vision of the future that would make even the most seasoned optimist blink. The Fundstrat Global Advisors co-founder, known for his uncanny accuracy during post-pandemic recovery, believes S&P 500 is on a collision course with the 15,000 mark by the end of this
Global markets closed the week on a cautious note, with multiple asset classes reflecting heightened uncertainty. The cryptocurrency market weakened amid a broader risk-off mood, while geopolitical tensions and rising oil prices shaped equity sentiment. At the same time, Elon Musk’s potential plans for a retail-heavy SpaceX IPO drew attention, even as foreign investors accelerated
CrowdStrike Holdings Inc (NASDAQ: CRWD) is inching lower on Mar 27 after partner Anthropic previewed a “breakthrough” AI model with advanced cybersecurity capabilities it’s calling Claude Mythos. Adding to the pressure are reports of Amazon.com Inc, another one of CRWD’s partners, developing a sophisticated artificial intelligence tool to handle sales, business development, and other tasks.
Bitcoin fell to its lowest level in more than three weeks on Friday, as traders turned increasingly defensive following the year’s largest options expiry and a broader risk-off shift across global markets. The world’s largest cryptocurrency dropped as much as 5% to $65,547, slipping below the $66,000 mark and extending recent weakness. The move comes
US stocks fell sharply on Friday, with all three major indexes closing at their lowest levels in more than six months, as escalating tensions in the Middle East and surging oil prices dampened investor sentiment. The Dow Jones Industrial Average dropped 793.47 points, or 1.73%, to 45,166.64, entering correction territory on an intraday basis. The
The iShares 20+ Year Treasury Bond ETF (TLT) remains under intense pressure this year as investors have remained concerned about the ballooning US government debt and rising long-term bond yields. The TLT ETF stock dropped to $86, down by nearly 5% from its highest point this year. Soaring US debt has pushed investors to BIL
Foreign investors are on track to pull a record $12 billion from Indian equities in March, as rising oil prices and geopolitical tensions in the Middle East trigger a sharp reversal in sentiment toward emerging markets. With just two trading sessions left in the month, foreign portfolio investors (FPIs) have already withdrawn Rs 1.12 trillion
After trading above $91 in early March, Solana (SOL) has seen repeated rejection around that range. The price is currently hovering around $84, indicating a short-term decline from recent highs. Solana had surged past $96 following Trump’s announcement that the United States was pausing its intended attacks on Iran’s energy and power infrastructure, but afterwards