Japan’s Nikkei 225 tops 64,000 for first time as oil falls on Hormuz reopening hopes
Japan’s Nikkei 225 breached 64,000 for the first time Monday as a sharp decline in oil prices lifted risk sentiment in holiday-thinned trading. Source link
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Oil prices fall after Trump says Iran talks ‘constructive’
Crude oil prices fell more than 4% on Sunday after President Donald Trump indicated that talks with Iran to reopen the Strait of Hormuz are advancing, though he said the U.S. would not rush a deal. West Texas Intermediate futures fell about 5% to $91.65 per barrel by 7:13 p.m. ET. International benchmark Brent futures…
What’s the right S&P sector for SpaceX?
SpaceX is on the verge of going where no initial public offering has ever gone before. The company, created and led by Elon Musk, is targeting a stratospheric valuation of $1.75 trillion on the Nasdaq Stock Market. SpaceX may be fast-tracked into broadly held indexes like the Nasdaq 100 and S&P 500 at light speed….
Lingering mysteries from Berkshire’s portfolio update
(This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.) Lingering mysteries from Berkshire’s portfolio update The large reduction in the number of stocks in Berkshire Hathaway’s equity portfolio that was revealed in last Friday’s first quarter 13F…
Bulls push S&P 500 back near records. What drove the market last week
Stock market bulls wrestled back control last week after a brief respite, putting the S & P 500 back on the cusp of another record high. The index has now advanced for eight straight weeks since its Iran wartime bottom on March 30, its longest winning streak since late 2023, when it strung together nine…
Stephen Colbert returns to TV on local Michigan station
The Late Show with Stephen Colbert during Thursday’s July 25, 2019 show. CBS Photo Archive | CBS | Getty Images Stephen Colbert’s final appearance on “The Late Show” on Thursday marked the end of his 11-year run in his staple late night television slot. But one day later, he found a way back on TV:…
U.S. and Iran closing in on a 60-day ceasefire extension: FT
A ship remains anchored on May 16, 2026 in the Strait of Hormuz near Larak Island, Iran. Negotiations between the U.S. and Iran over opening this critical waterway have largely stalled as the countries have rejected each other’s proposals to end the war that began when the U.S. and Israel attacked Iran on February 28….
Food, travel prices rise this summer
Miodrag Ignjatovic | E+ | David Paul Morris | Bloomberg | Getty Images U.S. consumers will shell out more for everything from fuel to hot dogs and hamburgers heading into Memorial Day weekend as the Iran War reignites inflation. Total inflation for shoppers rose 3.8% in April from the same month a year ago, the…
Companies keep investing in prediction markets despite legal battle
In this photo illustration, Apps for online prediction market sites are shown on an electronic device on Feb. 25, 2026 in Chicago, Illinois. Scott Olson | Getty Images States and the federal government may be battling over who has the power to regulate prediction markets, but the companies building them are chugging along as the…
U.S. drivers pay the highest gas prices in four years this Memorial Day
U.S. drivers will pay gasoline prices near four-year highs when they fuel up for travel over the long Memorial Day weekend and should expect more pain at the pump this summer if the Strait of Hormuz does not reopen. The average gasoline price stood at $4.55 per gallon on Friday, an increase of more than…