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Oil prices have fallen back sharply to near pre-war levels over recent weeks in response to a fragile truce between the U.S. and Iran, and diplomatic efforts to bring the conflict to a lasting conclusion. However, commodity strategists warned Monday that prices could reflect an overly optimistic stance from markets, which are underestimating the scale of persistent supply-side challenges. Analysts argue that shipping traffic through the Strait of Hormuz is unlikely to swiftly return to pre-war levels, even after a pickup in activity following the U.S.-Iran ceasefire agreement, as Tehran seeks to exert leverage over the critical chokepoint.Strait of Hormuz…
Don’t expect the stock market’s momentum in first six months of 2026 to wane in the back half of the year, according to CFRA. Chief investment strategist Sam Stovall laid out several reasons why stocks can continue marching higher, eventually reaching his 7,730 S & P 500 target. They include: 24 all-time highs for the S & P 500 in the first half through Friday: That, according to Stovall, is among the top 20 first-half totals in record highs going back to World War II. “In 2H of these prior top-20 years, the S & P 500 gained an additional…
Top insider buys and sells disclosed Friday Source link
Going on national tour The ultimate test of the X-59 design’s success would come in the third phase of the program, when NASA plans to fly the aircraft above communities all across the United States. The agency wants to perform X-59 flight tests over communities that are broadly representative of the United States when factoring in demographics, building construction, climate, geography, and a host of other characteristics. The ground microphone arrays will once again be deployed, but NASA also plans to recruit community members who can share their feedback on the sounds they hear each day during the flight tests.…
This was billed as an economic speech. There was a promise to raise living standards for everyone, a commitment to reform business rates in order to support businesses like pubs, and an intriguing if vague hint of giving people “a bit extra” to cope with rising costs.Yet it felt like at its core this was really a speech about power and where it is exercised. Of course power is partly an economic question, but the first arguments Burnham made for devolving power related to political culture rather than economic growth.In this broader critique of the “broken” Westminster system, Burnham attacked…
On Again, Off Again Middle East Ceasefire Is On Again: Oil And Rates Are Firm, While Greenback Consolidates Source link
U.S. President Donald Trump delivers remarks during the Faith & Freedom Coalition’s 2026 Policy Conference at the Washington Hilton on June 26, 2026 in Washington, DC. Anna Moneymaker | Getty Images News | Getty ImagesThe U.S. and Iran are poised to hold fresh talks on Tuesday in Qatar’s capital, President Donald Trump said via social media on Monday, following a weekend of hostilities in the Middle East. “IRAN HAS REQUESTED A MEETING. IT WILL TAKE PLACE TOMORROW IN DOHA!,” Trump said in a post on Truth Social. There was no immediate reaction from Iran, although a senior Iranian official had…
Nano Nuclear stock surges on UAE investment talks report Source link
In his first speech since launching his prime minister bid, Andy Burnham says he will open a PM’s office in Manchester. Source link
There’s even more upside left in TeraWulf despite the stock’s already massive 12-month rally, according to Citi. The bank initiated coverage of the energy infrastructure stock with a buy rating. Its price target of $36, implying upside of 39.4% from Friday’s close. TeraWulf has been on fire, soaring more than 500% over the past year. The company, which was previously seen by many on Wall Street as a pure play on cryptocurrency mining, has pivoted toward providing energy infrastructure for high performance computing systems — which are used in the development of artificial intelligence. WULF 1Y mountain WULF 12-month chart…