(Image credit: Getty Images) Stocks tumbled at the open Thursday as oil prices resumed their uptrend after Iran’s new supreme leader, Mojtaba Khamenei, said the Strait of Hormuz, which sees roughly a fifth of global oil pass through it on a daily basis, will remain closed in order “to pressure” the United States. Even after

Many see bitcoin BTC$71.329,00 as a safe-haven and store-of-value asset, like gold. But some currency traders treat it as a lead indicator for broader market mood, and they’ve been proven right again: Before finding stability near $70,000 recently, bitcoin plunged sharply, presaging the ongoing global stock market swoon. Bitcoin’s price peaked above $126,000 in early

Sinopec (00386) fell more than 4% again. As of the time of writing, it dropped 3.61%, trading at HKD 4.8 with a turnover of HKD 8.67 billion. According to Zhitong Finance, Sinopec (00386) fell more than 4% again. As of the time of writing, it dropped 3.61%, trading at HKD 4.8 with a turnover of

📌 Top story — scroll down for more updates Netflix Hopes Sequel Is Gonna Be, Gonna Be Golden 4:00 pm — NFLX -0.3% Netflix (NFLX 0.61%) announced a sequel to KPop Demon Hunters , bringing back directors Maggie Kang and Chris Appelhans for the follow-up to what became the most popular Netflix film of all time with more than 500 million

Baoji Pharmaceutical-B: KJ101 has received clinical trial approval for a new indication; Zijin Mining leads the establishment of a new fund focusing on investment in the field of new quality productivity. Material Matters: Zijin Mining (02899) Leads the Establishment of a New Fund, Focusing on Investment in New Quality Productivity Fields Weichai Power (02338) and

Coal stocks have risen against the market trend. The surge in oil and gas prices has triggered an energy substitution effect, with institutions indicating that domestic and international coal prices may rise beyond expectations. According to Zhitong Finance, the Hang Seng Index fell by 2.55%, or 656 points, to 25,101 points, while the Hang Seng

Tencent swiftly launched five “lobsters.” The last “lobster” in the combo bucket is currently in internal testing and supports direct conversations via WeChat. March 9$TENCENT (00700.HK)$ It was announced that WorkBuddy, an all-scenario AI agent, has officially launched. This product offers capabilities similar to OpenClaw, with full compatibility for its skills but is more user-friendly

Micron (NASDAQ: MU) stock is heading lower in Thursday’s trading amid bearish pressures shaping the broader market. The company’s share price was down 2.8% as of 1:15 p.m. ET. At the same point in the daily session, the S&P 500 and the Nasdaq Composite were down 1.1% and 1.2%, respectively. The memory-chip specialist’s stock was

February’s Consumer Price Index (CPI) report landed Wednesday morning, and it looked rather tame. Prices rose 2.4% year over year, exactly matching Wall Street’s expectations. Core inflation — which strips out food and energy — came in at 2.5%. Rent posted its smallest monthly increase since January 2021. While the number is still above the

On March 10, the Hang Seng Index opened 1.31% higher, and the Hang Seng Tech Index rose by 2%. In the market, the AI application sector performed strongly, with Zhipu gaining over 12%; the oil and gas sector retreated, with Shandong Molong and Zhonggang Petroleum falling over 14%; CATL surged nearly 6% after its earnings

Tencent’s version of the app WorkBuddy, nicknamed ‘Little Lobster,’ has officially launched. Citi stated that there has been a significant shift in the domestic AI paradigm. According to Zhitong Finance, the Hang Seng Index rose by 1.56%, or 396 points, to close at 25,804 points, while the Hang Seng Tech Index increased by 1.4%. The

The S&P 500 index is off just 0.5% year to date. Still, it’s understandable that some investors are feeling jittery. Among the sources of concern are a weak labor market and the conflict in Iran, which is stoking unusual volatility in the oil market. Should crude prices remain elevated for an extended period, that could

Broadcom (AVGO 1.12%) and Advanced Micro Devices (AMD 2.79%) have been trailing Nvidia in the artificial intelligence (AI) chip market in recent years. Still, both companies are now experiencing a nice uptick in their growth thanks to their growing influence in this market. As it turns out, both chip designers have outperformed Nvidia stock in

Novo Nordisk (NYSE: NVO) has faced several headwinds over the past two years. The company suffered clinical setbacks while losing market share to its biggest competitor, Eli Lilly, in the weight-loss drug space. Another issue it had to contend with was that some online health platforms were selling compounded versions of its famous weight loss

Last week, Berkshire Hathaway (NYSE: BRKA)(NYSE: BRKB) reported its last quarterly earnings. These results were the last with Warren Buffett as CEO and offered plenty to dig into for insights. Operating earnings fell nearly 30% versus the year prior. That drop was accompanied by a 54% drop in insurance underwriting profits, as well as a

①Goldman Sachs’ trading department stated that short positions held by U.S. equity hedge funds have reached a new high in nearly three and a half years. If the war in Iran ends, it may trigger significant short covering, driving a sharp rise in the U.S. stock market; ②Data shows that speculative investors are maintaining bullish

UBS upgrades Rentokil to Buy with 540p target as North America turnaround takes hold Proactive uses images sourced from Shutterstock Rentokil Initial PLC (LSE:RTO), the FTSE 100 pest control and hygiene services group, received a significant vote of confidence on Thursday as UBS upgraded the stock from neutral to buy. The Swiss bank also lifted its

New York  —  Stocks have climbed, bond yields have fallen and the US dollar has weakened across President Donald Trump’s second term so far — market movements the president has welcomed. But the war with Iran is threatening to disrupt that, sending stocks lower and pushing yields and the dollar higher. That complicates the narrative