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Strait of Hormuz Reopens, Oil Prices Tumble as Supply Fears Ease
Oil prices plunged nearly 10% this week as tanker traffic resumed through the Strait of Hormuz after a US-Iran interim deal, but analysts caution that risks remain.
Amazon Stock Edges Higher Ahead of Prime Day, AWS AI Push
Amazon shares closed at $244.39, up 2.9% Thursday and 2.4% for the week, ahead of Prime Day and new AWS AI initiatives. Market momentum remains, but risks persist.
Wall Street Halts for Juneteenth After Chip Rally; Fed and Micron Earnings Loom
US stocks paused for Juneteenth after a chip-led rally pushed the S&P 500 to a record close, but investors brace for Fed hawkishness and key earnings from Micron next week.
Ondas Closes on $125M Cash-Heavy Cyberhawk Acquisition
Ondas surged 1.64% to $9.27 after announcing a $125M cash-heavy deal for drone-inspection firm Cyberhawk, which boasts 95% recurring revenue and $45M forecast sales.
Cisco Shares Dip Below June Peak as AI Infrastructure Demand Faces Margin Scrutiny
Cisco shares ended the pre-Juneteenth session at $119.54, down 1.3% for the week, as the market assesses whether robust AI infrastructure orders can offset margin headwinds.
Plug Power Stock Jumps 7.5% as Tax Credit Sale Boosts Liquidity, Hydrogen Sector Rallies
Plug Power shares jumped 7.55% on Thursday, driven by a $39.2 million tax credit sale and improved gross margins, as the hydrogen sector broadly rallied.
Transocean Shares Slide Despite $185M in New Contracts
Transocean shares dropped 12% to $5.31 in a holiday-shortened week, failing to gain traction from $185 million in new contracts amid oil price swings and merger risks.
AT&T Shares Slide Amid California Regulatory Clash Over Copper Network Phase-Out
AT&T shares dropped 5.5% to $22.01 this week as California regulators intensify opposition to the company's plan to phase out legacy copper-wire phone service, raising concerns over cost savings and future cash flow.
Starbucks accelerates India expansion, targets 50-100 new stores annually under Niccol
Starbucks is ramping up India expansion with plans for 50-100 new stores annually, as CEO Brian Niccol pivots from turnaround to global growth. The JV holds 30% market share but remains unprofitable.
Air Canada Nears 52-Week High Amid Falling Oil Prices and Geopolitical Risks
Air Canada shares closed at C$24.20, up 4.6% and just a cent shy of its 52-week high, driven by lower oil prices. However, the airline has withdrawn its 2026 outlook due to unpredictable fuel costs, and renewed Middle East tensions threaten to push jet fuel higher.