Tag: Breaking News: Markets
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IBM shares skid more than 20% after company warns second-quarter earnings fell short of expectations
CEO blamed the shortfall on weakness in the software and infrastructure business because clients shifted money toward hardware purchases.
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Retail-trader ‘bottleneck bros’ eyeing AI supply chain can’t wait for SK Hynix options
For many of those retail tech traders, SK Hynix’s memory business reminds them of Micron – the paragon of the supply-chain bottleneck thesis.
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Global shipping industry sounds the alarm over Trump’s Hormuz toll plan
For shipping giant Hapag-Lloyd, it is “fundamentally wrong” to charge tolls for passage through international waters, regardless of the country in charge.
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Bank earnings live updates: JPMorgan, BofA, Goldman, Citi and Wells Fargo are set to report
The five banks releasing earnings Tuesday morning are expected to report strong revenue from trading equities and fixed income.
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A French underwear brand is taking on fast fashion — with an IPO
Le Slip Français will make its stock market debut in Paris on Tuesday, betting that consumers will pay for locally made clothing amid competition from Shein.
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China exports in June jump at fastest pace since 2021 as AI boom, tariff rush lift trade
China’s trade growth accelerated far more than expected in June, as booming global demand for AI hardware and a rush by exporters to beat anticipated tariff hikes turbocharged shipments.
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Trump’s Hormuz toll plans bring oil supply risks back in spotlight
President Donald Trump’s plan to impose a 20% fee on cargo passing through the Strait of Hormuz is threatening the global oil surplus.
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U.S. completes strikes against Iran, while Tehran targets Gulf neighbors
The U.S. has completed a third consecutive night of strikes against Iran, as Tehran targets U.S. military facilities in the region.
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Oil gains over 2% as Mideast tensions and Hormuz toll prospects raise supply worries
Oil prices rose on Tuesday after U.S. President Donald Trump announced plans to impose shipping fees in the Strait of Hormuz.
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Stock futures are little changed as Middle East tensions escalate; traders await earnings and inflation data: Live updates
Oil prices surged and stocks slid on Monday after President Donald Trump said he would reinstate a blockade on Iranian shipping through the Strait of Hormuz.
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