Latest News
Corning Shares Retreat as CFO Comments Follow Product Launch
Corning shares declined 4.3% to $151.04, reversing part of Monday's gains following executive comments and new Motorola product news. The drop exceeded broader market weakness.
U.S. Gasoline Prices Surge Past $3 Amid Middle East Supply Fears
U.S. gasoline prices surged above $3 per gallon Tuesday, driven by a sharp rally in crude oil due to escalating Middle East tensions. Refiner stocks advanced as fuel margins expanded.
Oil Surges on Strait of Hormuz Disruption, Iraq Cuts Output
Brent crude futures surged 6% to $82.38 a barrel as supply disruptions through the Strait of Hormuz intensified. Iraq has cut production by nearly 1.5 million barrels per day, with warnings of deeper losses.
Oil Spike, Rate Fears Drive Sharp Selloff; Target Gains on Earnings
Major U.S. equity indices fell sharply Tuesday, pressured by a surge in oil prices and rising Treasury yields that dampened expectations for near-term Federal Reserve rate cuts. Retailer Target posted gains following its quarterly report.
Mortgage Rates Climb, Pressuring Lender and Homebuilder Stocks
Mortgage rates increased on Tuesday, with the 30-year fixed rate reaching 6.15%. Major mortgage lenders and homebuilder ETFs declined as rising Treasury yields weighed on the sector.
XRP Drops Amid Geopolitical Tensions as Ripple Expands Stablecoin Support
XRP declined 2.4% to $1.36, trading between $1.34 and $1.40, as geopolitical tensions weighed on crypto markets. Ripple announced an expansion of its payments platform to support stablecoins.
Bitcoin Retreats as Oil Spike Fuels Inflation Fears, ETF Inflows Provide Support
Bitcoin declined over 1% as escalating Middle East tensions drove oil prices higher, stoking inflation concerns. However, U.S. spot Bitcoin ETFs recorded significant inflows, highlighting conflicting market forces.
Strategy Inc Shares Decline Despite Bitcoin Purchase; Dividend Record Date in Focus
Strategy Inc shares dropped 2.6% to $134.11 despite a new $204.1 million bitcoin purchase. The company increased its preferred dividend rate to 11.5%, payable March 31 to shareholders of record March 15.
Circle Stock Rises on Inflation Fears; CFO Sells Shares Under Plan
Circle Internet Group's stock advanced 5.8% to $101.76 in a volatile session, driven by its rate-sensitive USDC stablecoin business amid shifting inflation expectations. The company's CFO sold shares under a pre-scheduled trading plan.
