Apple shares fell in premarket trading after the company's revenue beat expectations but its margin outlook disappointed investors, adding pressure to an already shaky tech sector. Separately, oil prices surged overnight following reports of an attack on Iran's Qeshm Island, while Asian and European chip stocks slid as the Nasdaq-100 remained in correction territory after closing more than 10% below its October 6 peak.
cnbc.com
· 2026-11-03
Jim Cramer said a sharp overnight decline in Brent crude, which fell 7.63% to $104.77 a barrel, pushed the 10-year Treasury yield to its lowest since Sept. 10 and lifted stocks across healthcare, financials, retail and travel. He cited Amazon, Waste Management, Medtronic, GE HealthCare and Intuitive Surgical as names that gained as investors revisited earnings reports previously overshadowed by higher rates.
cnbc.com
· 2026-11-02
Brent and WTI crude both dropped more than 4% in early trading as negotiators pursued renewed diplomatic talks with Iran, with Reuters reporting a draft proposal circulating after discussions in Doha. U.S. Secretary of State Marco Rubio said President Trump would prefer a diplomatic resolution to the conflict, though he noted the U.S. retains military options if needed.
cnbc.com
· 2026-11-02
Sustained fighting in Iran has damaged refineries and raised fears over Strait of Hormuz closures, keeping oil prices elevated for nine months. The Center for American Progress estimates the war has cost US households at least $1,200, with Texas diesel prices up more than 80% year-over-year, prompting Governor Greg Abbott to declare a state of emergency. Democratic candidates including Gina Hinojosa and James Talarico are citing fuel costs to attack Republican rivals ahead of Tuesday's midterms.
wired.com
· 2026-10-30
The S&P 500 fell 1.3% on Thursday, extending steeper declines seen earlier in Asian markets, as shares tied to artificial intelligence companies pulled indexes lower worldwide. Oil prices climbed to their highest point since May amid concerns over the conflict involving Iran.
fastcompany.com
· 2026-10-22
The International Monetary Fund has raised its 2025 global growth forecast to 3.1%, up from its July estimate of 3.0% but below 2025's 3.5% expansion, according to its latest Economic Outlook. The IMF projects U.S. growth holding steady at 2.3% in 2026 and 2027, with advanced economies growing 2.1% this year before slowing to 1.9% in 2026, and global growth rebounding to 3.4% in 2027.
fastcompany.com
· 2026-10-13
The Group of Seven wealthy democracies announced plans to release 100 million barrels of oil and fuel products over the coming weeks, with an initial focus on diesel supplies. The move follows a surge in U.S. diesel prices, which reached a national average of $6.37 per gallon on Friday.
fastcompany.com
· 2026-10-02
Energy economists report that US crude oil prices jumped from about $66 per barrel in late February 2026 to $101 by April 13, following American and Israeli attacks on Iran that closed the Strait of Hormuz. Because oil underpins transportation, plastics, fertilizers and countless supply chains, the price increase has spread globally, raising costs for manufacturers and consumers across many industries.
theconversation.com
· 2026-09-29
CNBC's Jim Cramer said rising oil prices and Treasury yields are squeezing markets, as seen Monday when the Dow fell 347 points and the S&P 500 and Nasdaq each dropped roughly 0.8-0.9%. He argued investors should stay in stocks but grow more selective, pointing to Meta Platforms and Intel as companies with the demand, pricing power and scale to withstand higher rates tied to Middle East tensions.
cnbc.com
· 2026-09-28
Wall Street saw another volatile week as the Federal Reserve raised interest rates a quarter point to a range of 3.75%-4%, its first hike in three years, while renewed concerns about AI safety rattled tech stocks. The Dow fell 1.7% for its third consecutive losing week, led by steep declines in bank stocks including Goldman Sachs, which dropped nearly 8.5%. The S&P 500 and Nasdaq held up better, with the Nasdaq even gaining slightly as investors bought back into AI names after an early sell-off, while oil price swings tied to Mideast tensions added further pressure on companies like Boeing and FedEx.
cnbc.com
· 2026-09-19
The US central bank lifted its benchmark interest rate, marking the first increase in three years as it responds to persistent inflation pressures. The move comes as American consumers face rising prices, with fuel costs climbing sharply amid geopolitical tensions in the Middle East.
bbc.com
· 2026-09-16
Saudi Arabia closed its East-West pipeline, which can carry 7 million barrels of oil per day and bypasses the Strait of Hormuz, after saying it was damaged by drones launched from Iraq. The closure pushed both U.S. West Texas Intermediate and Brent crude futures up more than 3%, and prompted the postponement of a planned diplomatic meeting between Iran and Gulf Arab states on Hormuz security. The disruption comes as U.S. crude prices had already topped $100 a barrel last week amid escalating Middle East fighting.
cnbc.com
· 2026-09-14
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