Gulf states are pouring money into pipelines, railroads and storage facilities to keep oil flowing even when the Strait of Hormuz isn’t https://t.co/Km5MDIaWG0
One investment left behind in markets’ recent record run: bitcoin. The world’s biggest cryptocurrency fell for a fourth straight day on Wednesday. https://t.co/OW36Jl7PlA
An earnings “supercycle” in the US is poised to drive stocks to more record highs, according to Nataliia Lipikhina at JPMorgan, fueled by heavy spending from hyperscalers and advances in agentic AI https://t.co/4oSLYI6fTP
Berkshire Hathaway’s $6.8 billion deal to acquire a major home builder reflects its conviction that the housing market will shake off its long slump and recover as it always has https://t.co/wz5ZHLARp4
“Back of the envelope calculations suggest that if China’s demand for crude in May were to be repeated in June, the ‘tipping point’ in the global oil market could be pushed back from June and into July.” https://t.co/H1Zhc7dtTM
Oil prices are on track for their biggest monthly fall since 2020, as hopes rise that a deal between the US and Iran will lead to the reopening of the crucial Strait of Hormuz.
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U.S. crude oil prices fell about 6% Wednesday on a report Iran would restore traffic through the Strait of Hormuz as part of a framework deal with the U.S.
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US mortgage rates increased last week to the highest since August, restraining home-purchase activity and prompting a sharp pullback in refinancing https://t.co/YUEgbeAvjB