Oil prices fell more than 3% on Tuesday, after the New York Times reported the State Department plans to return evacuated diplomats to the Middle East, in a sign the U.S. does not expect a return to full-scale war. Brent crude oil futures were last seen trading 3.4% lower at $89.05 per barrel, its lowest…
A Dick’s Sporting Goods retail store is seen on May 15, 2025 in Austin, Texas. Brandon Bell | Getty Images Dick’s Sporting Goods on Tuesday reported quarterly revenue that missed Wall Street expectations and lowered its outlook for Foot Locker amid what it called a “challenging athletic footwear and apparel marketplace.” The company said Dick’s…
Leopold Aschenbrenner Photo: Josh Edelson The Securities and Exchange Commission has reportedly subpoenaed several major Wall Street lenders to glean more information about their role in the near-collapse of AI-focused hedge fund Situational Awareness. Regulators are seeking insights into Situational Awareness’s trades, use of leverage and communications with the investment banks, which include Goldman Sachs,…
The U.S. dollar was on the defensive early on Wednesday after comments from Federal Reserve Chair Jerome Powell bolstered wagers on an interest rate cut this month. Bloomberg | Bloomberg | Getty Images New Delhi’s bid to attract foreign funds through a special scheme has helped power $73 billion in inflows in the last 11 weeks, driven…
Treasury yields steadied on Tuesday as investors await more data releases for insights into the U.S. economic picture. Yields on the 10-year Treasury note — the key benchmark for mortgages, auto loans and credit card debt — were flat at at 4.7021%. The longer-dated 30-year Treasury note yield was also unchanged at 5.2297%. The yield…
General atmosphere at the 2025 Icons of Porsche Festival at The Slab on November 22, 2025 in Dubai, United Arab Emirates. Maya Cellixa | Getty Images Porsche has signed a five-year contract worth 1.25 billion euros ($1.46 billion) for artificial intelligence with India’s largest IT services firm, Tata Consultancy Services. As part of the deal,…
A man holds the Iranian toman equivalent of 1 USD as US dollars selling rate on the free market reaches an all-time high, hitting the 200,000 toman mark in Tehran, Iran on Aug. 24, 2026. Fatemeh Bahrami | Anadolu | Getty Images The U.S. announced an “economic D-Day” campaign Monday to isolate Iran from the…
CHANGZHOU, JIANGSU, CHINA – 2026/05/05: XPENG’s showroom at Jiangnan Global Harbor displays two XPENG electric cars behind glass, with a staff member inside. (Photo by Sheldon Cooper/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Shares of Chinese electric vehicle maker Xpeng fell more than 9% in Hong Kong on Tuesday after the…
Bitcoin closed in on the $80,000 mark on Tuesday, as renewed inflows into spot bitcoin ETFs and improving risk appetite extended the cryptocurrency’s recent rally. The flagship cryptocurrency jumped 3.1% to $79,739. The latest move extends a sharp rally that began last week, when bitcoin surged more than 20% in three days, its biggest three-day…
Gold pure gold bar models captured in Shanghai, China on March 15, 2026. Cfoto | Future Publishing | Getty Images Gold prices on Tuesday rose to their highest in more than three months, supported by a weaker U.S. dollar and as the U.S. Treasury’s bond buyback plans keep the lid on yields. Spot gold gained…
