Oil price jumps despite deal to release record amount of reserves
It comes as Iranian attacks on ships intensify in the crucial Strait of Hormuz waterway.
It comes as Iranian attacks on ships intensify in the crucial Strait of Hormuz waterway.
Palantir was an outlier in a tough week for the stock market, as the provider of software and services to the U.S. government saw its stock rally 15% following the U.S. attack on Iran. The tech-heavy Nasdaq fell 1.2% for the week, pushed lower by names like Apple, Google and Micron, and other benchmarks tumbled…
Oil prices rose about 4% on Wednesday, after Vice President JD Vance said Iran did not address U.S. red lines in nuclear talks this week and President Donald Trump reserves the right to use military force. U.S. crude oil rose $2.65, or 4.25%, to $64.98 per barrel by 12:20 p.m. ET. Global benchmark Brent was…
Altron Group’s share price jumped more than 8% on Thursday after the technology group issued a trading statement flagging significant earnings growth for its financial year ending 28 February 2026. The shares were 8.1% higher in mid-afternoon trading, changing hands at R20.98 each. The JSE-listed company said it expects headline earnings per share (Heps) from…
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Beta Technologies shares surged more than 8% after air taxi maker Eve Air Mobility announced an up to $1 billion deal to buy motors from the Vermont-based company. Eve, which was started by Brazilian airplane maker Embraer and is now under Eve Holding, said the manufacturing deal could equal as much as $1 billion over…
A visitor looks at a model of SK hynix’s high-bandwidth memory (HBM) technology during the 2025 World IT Show in Seoul on April 24, 2025. Jung Yeon-je | Afp | Getty Images South Korea’s SK Hynix on Wednesday posted record quarterly revenue and profit, boosted by a strong demand for its high bandwidth memory used in generative…
Shares of USA Rare Earth jumped in extended trading Thursday, after CEO Barbara Humpton told CNBC that the rare earth miner is “in close communication” with the White House. Humpton’s comment comes after the Trump administration took a 5% equity stake in Lithium Americas this week. The Defense Department took a 15% stake in rare…
A man who jumped off a Royal Caribbean cruise ship near the Port of San Juan over the weekend — allegedly to avoid paying off more than $16,000 in gambling debt to the cruise line — has been charged with a federal crime, authorities said. Jey Gonzalez-Diaz embarked on the Rhapsody of the Seas…
A Qantas Airways Boeing 737 aircraft takes off from Sydney International Airport in Sydney on August 18, 2025. David Gray | Afp | Getty Images Shares of Australian flag carrier Qantas rose to a record high Thursday after its full-year earnings results beat estimates, buoyed by resilient demand across its domestic and international networks. Qantas…