Markets
The theme song for the exchange-traded fund industry could very well be Frank Sinatra’s “It Was a Very Good Year,” as the industry just hit $1 trillion annually in assets this month, faster than any other time in history. “I think, largely speaking, you look across the different asset classes…
Oil prices surged Friday after the Israeli Defense Forces (IDF) launched a sweeping strike on Iran’s nuclear facilities and military leaders. U.S. West Texas Intermediate prices climbed around 6% on Friday to $72 a barrel as the strikes raised concerns on Wall Street that escalating tensions between Israel and…
Investors flocked to safer assets, including gold and out of U.S. stocks, after Israel launched attacks against Iran’s nuclear sites. All three of the major U.S. averages fell Friday, erasing weekly gains, with the Dow Jones Industrial Average down 769 points, or 1.8%, while the Nasdaq Composite and S&P 500…
At Home Group has filed for bankruptcy to help the home decor retailer undergo a restructuring. The company announced Monday it started Chapter 11 bankruptcy proceedings so that it can implement a “restructuring support agreement” that it has signed with lenders “holding more than 95% of the Company’s debt.”The restructuring…
Activist investor Barington Capital Group is calling for Victoria’s Secret to restructure its board of directors and scrap its recently adopted shareholder rights plan. James Mitarotonda, the CEO of the New York-based hedge fund, which owns more than 1% of the company’s outstanding common stock, told Victoria’s Secret Chair Donna…
ExxonMobil CEO Darren Woods said there is sufficient supply in the global oil market to withstand any supply disruption to Iranian exports. “There’s enough spare capacity in the system today to accommodate any Iranian oil that comes off the market,” Woods told Fox News’ Bret Baier on “Special Report,” adding…
If the escalating conflict between Israel and Iran threatens a critical shipping route and significantly cuts global oil supplies, prices could surge to as much as $120 a barrel, according to industry experts. The price of West Texas Intermediate, a key crude oil benchmark, is sitting around a one-year high,…
Billionaire Ray Dalio, founder of Bridgewater Associates, is sounding the alarm on America’s chronic spending, national debt nearing $37 trillion, combined with a $2 trillion deficit that may balloon with President Trump’s ‘One Big Beautiful Bill.’ “We’re spending 40% more than we’re taking in and this is a chronic problem.…
The global oil market is a point of major focus after the U.S. attacked three key Iranian nuclear sites over the weekend. Oil prices are expected to rise following what President Donald Trump called “a spectacular military success” in which, he said, Iran’s nuclear enrichment facilities had been “obliterated.” Trump…
Nvidia CEO Jensen Huang disclosed the sale of 100,000 shares of the company’s stock on Friday and Monday, according to filings with the Securities and Exchange Commission (SEC). Huang’s stock sales were valued at roughly $15 million, with shares trading in a range of $142.50 to $145.63 during the trading sessions…
Ford Motor Company is recalling more than 130,000 Lincoln Aviator SUVs in the U.S. due to a possible risk of parts detaching while driving, the U.S. National Highway Traffic Safety Administration said on Tuesday. FORD USES ITS DEALERSHIP EMPIRE TO REVAMP HOW CORPORATE AMERICA HELPS CHARITIESThe recall, which affects 132,914…
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