Asia-Pacific stock markets presented a mixed picture at Wednesday’s open, with investors cautiously navigating a landscape dominated by escalating tensions between Israel and Iran. Adding to the unease, reports emerged that US President Donald Trump is mulling a military strike on Iran and has demanded the “unconditional surrender” of its…
Argentina’s Vaca Muerta shale play is experiencing a significant oil and gas boom, signaling the nation’s strategic shift towards liquefied natural gas (LNG) exports. This growth continues the strong performance seen last year, with Rystad Energy estimating a 26% year-on-year increase in oil output and a 16% rise in gas production…
Tokyo Gas, Japan’s largest city-gas supplier, announced on Wednesday that it anticipates no direct impact on its liquefied natural gas (LNG) procurement operations as a result of the ongoing conflict between Iran and Israel. This assessment was shared by the company’s senior managing executive officer Nobuhiro Sugesawa to Reuters in a…
European stock markets presented a mixed and cautious picture at Wednesday’s open. The markets were impacted with the investors grappling with a confluence of factors including fresh UK inflation data, the looming US Federal Reserve interest rate decision, and persistent geopolitical tensions in the Middle East. While pre-market futures had…
In a major legislative breakthrough for the cryptocurrency industry, the United States Senate on Tuesday passed the GENIUS Act, the first federal law to set guardrails for US dollar-pegged stablecoins. The bill passed with a 68-30 vote, marking a critical step toward establishing a regulated framework for the issuance and…
UnitedHealth Group Inc (NYSE: UNH) is reportedly eliminating commissions that brokers earned on selling some of its Medicare Advantage plans. Shares of the insurance giant are up slightly in premarket today.UNH believes cutting commissions will lead to a meaningful decline in enrollment in its higher-cost plans, which in turn could…
Nintendo Co.’s stock surged to an all-time high on Wednesday, lifted by strong early sales of its next-generation Switch 2 console and investor optimism about future earnings. The stock climbed as much as 7% to 13,320 yen in Tokyo trading, marking its fifth consecutive day of gains. The rise follows…
Peloton Interactive Inc (NASDAQ: PTON) has secured financing and cut costs over the past year or so to dilute concerns of bankruptcy, but its stock remains far from worth owning in 2025.While PTON remains in loss on a GAAP basis, the aforementioned efforts helped the connected fitness company generate $70.3…
Recent exchanges between Israel and Iran have raised market concerns over potential disruptions to trade flows through the Strait of Hormuz.Jointly controlled by Iran and Oman, the Strait of Hormuz is a narrow waterway connecting the Persian Gulf to the Gulf of Oman. It serves as the sole maritime passage…
Chocolate prices in the UK are rising at the fastest pace on record, official figures show, as bad weather devastates cocoa crops in key West African nations and sends global supplies plunging. According to the Office for National Statistics (ONS), chocolate prices jumped by 17.7% in the year to May,…