BP and Shell shares have staged a strong comeback this week, helped by rising crude oil prices. BP jumped to 505p, its highest point since June 22, and 12.2% above its lowest level this year.Similarly, Shell stock pumped to 3,109p, up by 8.6% from its lowest point this month. Other…

Asian stocks fell on Tuesday as a fresh escalation in the US-Iran conflict pushed oil to a one-month high and revived fears that an energy shock could force central banks to keep borrowing costs elevated.MSCI’s broadest gauge of Asia-Pacific shares outside Japan dropped 1.7%, while Taiwan’s benchmark slid to a…

US stocks face a potentially volatile session on Tuesday as investors digest bank earnings before the June consumer price index lands at 8:30 AM ET.Economists expect annual inflation to ease to 3.8% from 4.2% in May, helped by the earlier retreat in gasoline prices. Core inflation is forecast to rise…

Wall Street is beginning to factor SpaceX’s growing telecom ambitions into its outlook for the US communications sector.Research firm Bernstein on Monday lowered price targets for five major telecom companies, citing valuation risks tied to SpaceX’s Starlink business as investors increasingly assess the satellite operator’s long-term competitive threat.The brokerage reduced…

Papa Murphy’s is preparing for a sizeable retreat after parent company MTY Food Group identified dozens of loss-making US restaurants for closure.MTY plans to shut 68 corporate-owned locations across its portfolio, including roughly 45 to 50 Papa Murphy’s stores.The process will take six to nine months, with most closures expected…

The S&P 500 Index continued rising and neared its all-time high on Friday as some big tech companies like Nvidia and AMD rebounded. It ended the week at 7,575, with its perpetual futures on Hyperliquid ticking downwards today. This article explains some of the top catalysts for the SPX Index…

SK Hynix’s record-breaking Wall Street debut was followed by a sharp reality check on Monday, as its Seoul-listed shares fell more than 10% at one stage.The pullback came after the chipmaker’s new American depositary receipts surged 12.8% in their first Nasdaq session on Friday.Importantly, the decline was in the Korean…

The Kospi Index moved deeper into correction as the biggest South Korean stocks resumed their freefall. It plunged to 6,806, its lowest level since May 4, and 26% below its highest point this year. This sell-off will likely continue this week as the South Korean Central Bank hikes rates and…

Asian stocks fell on Monday as renewed fighting in the Gulf pushed oil sharply higher and pulled investors back from risk. Iran said it had closed the Strait of Hormuz, while US officials said some vessels were still being escorted through the waterway, leaving traders to price the risk of…

The Hang Seng Index has stalled at a key resistance level as the recent momentum in China’s technology sector fades. The index was little changed on Monday, trading at around 24,200, up 7.7% from its lowest level of the year. This article examines the key catalysts expected to drive Hong…