WTI Crude Drops Below $70 as Hormuz Traffic Recovers; Speaker Johnson Links Housing Bill to “Recon 3.0”
Key Takeaways WTI crude oil futures plunged nearly 5% to drop below $70 a barrel as supply fears eased following […]
Breaking News
US Housing Market Slumps as Trump Cancels Signing to Force Voting Bill Vote
Key Takeaways US New Home Sales plummeted 7.3% in May to a seasonally adjusted rate of 580,000 units, significantly missing
SpaceX Short Interest Surges Amid 30% Slide; WTI Crude Dips Below $70
Key Takeaways SpaceX (SPCX) short interest jumped from 8% to 13% as shares fell 2.7% on Wednesday, extending a volatile
OpenAI and Broadcom Unveil Custom AI Chip; Moody’s Warns of $100 Billion War Cost to U.S. Households
Key Takeaways OpenAI and Broadcom (AVGO) have officially unveiled Jalapeño, a custom "Intelligence Processor" optimized for Large Language Models (LLMs)
Paramount-Warner Deal Nears EU Approval as Gold Slips Below $4,000
Key Takeaways Paramount Global (PARA) is on the verge of securing European Union approval for its $111 billion takeover of
US Current Account Deficit Widens to $226.8B; Middle East Diplomacy Intensifies as Hormuz Reopening Nears
Key Takeaways The U.S. current account deficit widened to $226.8 billion in Q1 2026, missing estimates of $208.9 billion as
Bessent Forecasts 1990s-Style Expansion as Trump Signals De-escalation in Hormuz
Key Takeaways Treasury Secretary Scott Bessent predicts a non-inflationary economic acceleration for the remainder of 2026, comparing the current trajectory
J.P. Morgan Hikes S&P 500 Target to 7,800; Hormuz Evacuation Underway
Key Takeaways J.P. Morgan (JPM) raised its year-end S&P 500 (^GSPC) price target to 7,800 points, citing an earnings-driven rally
Merck Secures EU Approval for Bladder Cancer Combo; Israel Defiant on Lebanon Withdrawal
Key Takeaways Merck (MRK) received European Commission (EC) approval for its Keytruda plus Padcev combination, reducing the risk of death
EU Set to Clear Paramount’s $111B Acquisition of Warner Bros Discovery
Key Takeaways The European Union is reportedly set to approve Paramount Global’s (PARA) $111 billion takeover of Warner Bros Discovery