Bernard Arnault’s net worth is cratering this year as the LVMH stock price implodes. It has already dropped by over $52 billion to the current $156 billion, making him the 7th richest person on earth after Elon Musk, Larry Page, Sergey Brin, Jeff Bezos, Mark Zuckerberg, and Larry Ellison.LVMH stock…
US stocks opened lower on Thursday, the final session of a holiday-shortened week, after President Donald Trump signaled an escalation in the Iran conflict, dampening hopes for a near-term resolution and pushing oil prices higher.The Dow Jones Industrial Average fell about 637 points, or 1.3%, while the S&P 500 declined…
Russian oil export infrastructure has suffered significant disruption after Ukrainian drone attacks damaged a substantial portion of storage capacity at key Baltic Sea ports, according to satellite imagery reviewed by Reuters.Images captured at the end of March and supplied by US spatial intelligence firm Vantor show that at least 40%…
Rising grocery prices in the United States, driven by the ongoing Iran conflict, are emerging as a potential political flashpoint ahead of critical midterm elections, with both parties positioning their messaging around affordability and economic impact.The war and the closure of the Strait of Hormuz have disrupted global supply chains,…
US stocks closed slightly mixed on Thursday after paring deeper losses, as diplomatic signals from the Middle East helped calm markets rattled earlier by President Donald Trump’s threats of tougher action against Iran ahead of the long holiday weekend.Investor sentiment steadied in the afternoon after Iran’s foreign ministry said it…
The USD/CHF exchange rate continued its uptrend this week as demand for the US dollar remained. Still, the pair has formed a highly bearish chart pattern, pointing to more downside in the near term. US dollar is beating Swiss franc as the war continuesThe USD/CHF exchange rate is doing well as…
Tesla Inc. reported on Thursday that it manufactured 408,386 vehicles in the first quarter of 2026 but delivered only 358,023, falling short of analyst expectations. Prior consensus estimates, released by the company ahead of the announcement, had projected deliveries of approximately 365,645 vehicles.Breaking down the figures, Tesla produced 394,611 units…
Russian oil export infrastructure has suffered significant disruption after Ukrainian drone attacks damaged a substantial portion of storage capacity at key Baltic Sea ports, according to satellite imagery reviewed by Reuters.Images captured at the end of March and supplied by US spatial intelligence firm Vantor show that at least 40%…
Shares of General Motors fell about 4% on Thursday after the company reported a sharp decline in first-quarter sales, highlighting mounting pressure on the auto industry from high borrowing costs, elevated vehicle prices, and rising fuel costs.The Detroit-based automaker said it sold 626,429 vehicles between January and March, marking a…
Battalion Oil (BATL) is pushing aggressively to the upside on April 2 as oil prices charged higher again after Trump warned the US could hit Iran “extremely hard” in the days ahead.With Iranian and Middle Eastern supply constantly under threat, investors are flocking to US-based producers that have recently increased…