S&P 500 drops as oil prices rise, Nvidia decreases following earnings: Live updates
Nvidia’s $200 billion CPU Opportunity Could Boost Arm Holdings, Says Jefferies Jefferies analysts suggest that Nvidia’s push into the CPU market could lead to notable gains, particularly for Arm Holdings. They believe that upcoming product shipments, including the Vera-Rubin CPU, alongside growth from other products like Graviton and Axion, might elevate Arm’s share in the […]
US Official Rejects Iran’s Assertion That Oil Sanctions Are Being Removed
U.S. Denies Lifting Sanctions on Iranian Oil A U.S. official has stated that, contrary to recent reports, the White House has not lifted sanctions on Iranian oil. This statement follows claims from Iranian sources suggesting that an agreement had been reached. On Monday, CNBC News highlighted that Iranian-affiliated media was reporting talks of sanction relief. […]
Maduro associate sent to the US, confronts allegations in Venezuela oil and food plot
A key associate of former Venezuelan President Nicolas Maduro has been deported from Venezuela to the United States to face federal charges. Venezuelan authorities say Alex Nain Saab Moran, 55, from Colombia, is accused of running a significant money laundering and bribery operation tied to Venezuela’s food assistance program and oil sector. Saab, who previously […]
S&P 500 and Nasdaq decline again as Micron falls, traders focus on oil and yields: Live updates
On May 6, 2026, traders were active on the floor of the New York Stock Exchange in New York City. The S&P 500 and Nasdaq Composite experienced declines on Monday, following a record-setting week. Traders were keeping an eye on oil prices and bond yields while also awaiting updates regarding the ongoing conflict in the […]
Canadian Dollar stays close to a one-month low against USD; strong Oil curbs losses.
The USD/CAD pair is experiencing a slight upward trend above the mid-$1.3700 range during the Asian trading session on Monday. However, it’s still below the peak it reached last Friday. The US dollar’s steady demand is helping drive prices up, while increasing oil prices support the Canadian dollar, which puts a cap on further gains. […]
Asian stocks decline as rising oil prices put strain on bonds
Market Updates: Asian Stocks Dip Amid Rising Oil Prices SYDNEY, May 18 – Asian stock markets experienced a decline on Monday as new drone strikes in the Gulf region triggered an increase in oil prices and bond yields. This week, the spotlight is on Nvidia’s earnings, which could provide insights into the ongoing AI boom. […]
Cuba No Longer Has Oil. Here’s What Occurred
Cuba’s Energy Crisis: A Known Outcome The Cuban government confirmed on Friday that, as many had anticipated, the country is facing a severe shortage of oil. Energy and Mines Minister Vicente de la O Levi revealed, “There is no fuel oil, no diesel at all,” highlighting the dire state of affairs. In Havana, power outages […]
EUR/USD Price prediction: Reaches 1.1620 lows due to risk aversion and rising oil prices
The euro (EUR) continued its downward trend against the dollar (USD) on Friday, slipping below 1.1650 for the first time since early April. This puts it on track for a weekly drop of about 1.2%. Various factors are creating a challenging environment for the euro, including a cautious market sentiment, rising U.S. Treasury yields due […]
Chinese Supertanker Passes Through Strait of Hormuz Carrying 2 Million Barrels of Oil
Chinese Supertanker Successfully Navigates Through Strait of Hormuz A supertanker called Yuan Hua Fu, which belongs to the state-owned Chinese shipping company COSCO, has successfully traversed the Strait of Hormuz. The vessel was transporting approximately 2 million barrels of Iraqi crude oil when it made this transit on Wednesday. Classified as a Very Large Crude […]
The Persian Gulf Could Face Numerous Oil Spills Due to the Conflict in Iran
The Environmental Fallout from the Iran Conflict The ongoing conflict in Iran is not only affecting the economy but is also having environmental repercussions. This week, several suspected oil spills have been observed in the Persian Gulf. Reports suggest one noticeable spill near Kharg Island, with another appearing to flow in the background. An ADNOC […]