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Glencore's Six-Day Volatility Totals 10.35% as Shares End Flat
Glencore shares experienced 10.35 percentage points of cumulative daily moves over six sessions but ended nearly unchanged, as oil gains from U.S.-Iran tensions balanced trading profits against rising industrial costs.
T-Mobile Narrows $3,200 Switcher Offer: Investor Math
T-Mobile tightens switching offers to new accounts, with potential $768 annual cost for some customers. Analysis of investor math.
TSMC Q2 revenue beats estimates, but $83B H2 test looms
TSMC's Q2 revenue hit NT$1.27 trillion, up 36% YoY, but investors eye the $83.2 billion H2 target needed to sustain 30% growth.
Rio Tinto Faces Key Test as Iron Ore Shipments Poised for Cyclone Recovery
Rio Tinto shares edged up ahead of a key Q2 operations update, with consensus expecting 84.1 million tonnes of Pilbara iron ore sales, a 16.2% rebound from the cyclone-disrupted first quarter.
Hormuz Strait Sees 95% Drop in Ship Traffic, Crude Oil Market Signals Mixed
Only six vessels crossed the Strait of Hormuz on Sunday, a 95% drop from pre-war levels, as Brent crude rose 2.2% to $77.68. Analysts warn of production curbs and tight oil markets.
Microsoft's Xbox Layoffs Disproportionately High vs Revenue Share
Microsoft cuts 1,600 Xbox jobs (33% of total layoffs) while gaming contributes just 6.4% of revenue. Azure drives growth.
Pakistan's Crypto Fatwa Sparks Regulatory Uncertainty for $41.6B Remittance Market
A fatwa against crypto purchases under Islamic law pressures Pakistan's regulatory framework, potentially impacting $41.6 billion in annual remittances and digital asset adoption.
Anglo American Edges Up Despite Freight Cost Warning
Anglo American shares recovered early losses as JPMorgan flagged a $95 million freight cost risk for Q2, highlighting potential headwinds from rising shipping rates.
Shell's Gains Fade as Buyback Pause and Qatar Woes Offset Oil Rally
Shell Plc's stock surrendered over half its opening gain Monday as a paused buyback and Qatar production losses offset a Brent crude surge.
Zurich Adds to Beazley Stake, Merger Spread Narrows
Zurich Insurance bought another 494,252 Beazley shares, raising its stake to 6.31%. The move tightens the merger spread to 1.79%, signaling confidence in the £1,310p per share cash offer.
Vodafone Surges Past Niel Offer Price, Market Value Jumps £4 Billion
Vodafone shares surged 4.6% to 115.15p, surpassing Xavier Niel's planned 16.2% stake buy price. The rally added £4 billion to market value.