Month: March 2026
Oil crisis unlikely to lead to bear market, says CFRA’s Sam Stovall
Though oil prices have spiked in the aftermath during the Iran war, disruption in energy markets probably won’t lead to a major downturn in U.S. stocks, according to Sam Stovall at CFRA Research. The war – now in its third week – has brought about the biggest oil supply disruption in history by closing the […]
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Stocks making the biggest moves midday: Nvidia, Peloton, Meta, Dollar Tree & more
Check out the companies making the biggest moves in midday trading: Peloton — The connected fitness company, known for its at-home Bike and Tread products, announced a new commercial series for high-traffic gyms on Monday. Shares gained 4.5%. Meta — Shares of the Facebook parent rose more than 2% after Reuters reported that Meta anticipates […]
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Durbin and Raskin call for perjury investigation into DHS’ Kristi Noem
DHS Secretary Kristi Noem testifies during the House Judiciary Committee hearing titled “Oversight of the Department of Homeland Security,” in Rayburn building on Wednesday, March 4, 2026. Tom Williams | Cq-roll Call, Inc. | Getty Images The top Democrats on the House and Senate Judiciary committees are calling on Attorney General Pam Bondi to investigate […]
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Bessent says Treasury is not intervening in oil commodities markets and has no authority to do so
Treasury Secretary Scott Bessent said Monday that the administration has no plans to intervene in financial markets and may not have the authority to do so even if it wanted. In a CNBC interview, Bessent addressed rumors that the Treasury Department or some other arm of government might step in to try to lower oil […]
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Strait of Hormuz standoff puts supply of America’s generic drug prescriptions at risk
An employee monitors bottles as they move along the drug production line inside the packaging unit at the Lupin Ltd. pharmaceutical plant in Salcette, Goa, India, Bloomberg | Bloomberg | Getty Images The closure of the Strait of Hormuz by Iran is a military strategy with vast consequences for the global economy, not just in […]
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Oil’s war-driven volatility pulls in record retail money, fueling ‘meme-style’ trading
The Iran war news flow-driven oil moves are drawing retail investors into the world’s most traded commodity, further fueling volatility. Small investors have poured record sums into oil-linked exchange-traded funds in recent weeks as prices have whipsawed amid the Middle East conflict and fears of extended disruptions to crude flows through the Strait of Hormuz. […]
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Why traders are getting nervous about Iran’s $200 oil warning as the conflict drags on
Energy analysts and traders said Monday that they wouldn’t be surprised if oil prices climb to as high as $200 per barrel as the sprawling Middle East crisis drags on. It comes as the U.S. and Israeli-led war on Iran continues to disrupt oil production and shipping in the region , with traffic through the […]
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Peloton is launching bikes and treadmills for gyms, accelerating commercial strategy
A Peloton Interactive Inc. logo on a stationary bike at the company’s showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Peloton on Monday announced its Commercial Series, the company’s first Bike and Tread products built for high-traffic gym floors. The move marks the company’s latest push […]
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Nebius jumps 14% after inking $27 billion infrastructure deal with Meta
In an aerial view, a billboard advertising an artificial intelligence (AI) company is posted on Sept. 16, 2025 in San Francisco, California. Justin Sullivan | Getty Images Meta has signed a new long-term agreement to spend up to $27 billion on Dutch cloud provider Nebius‘ AI infrastructure, the company announced on Monday. Nebius’ shares surged […]
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U.S. is allowing Iranian tankers through Strait of Hormuz, says Bessent
The United States is allowing Iranian oil tankers to transit the Strait of Hormuz, Treasury Secretary Scott Bessent told CNBC in an interview Monday. “The Iranian ships have been getting out already, and we’ve let that happen to supply the rest of the world,” Bessent told CNBC’s Brian Sullivan. Tanker traffic through the Strait has […]
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