World
Software stocks plunge on ServiceNow, IBM results as AI fears escalate
Signage outside the ServiceNow headquarters in Santa Clara, California, US, on Thursday, Sept. 4, 2025. David Paul Morris | Bloomberg | Getty Images Software stocks plummeted on Thursday as disappointing results from ServiceNow and IBM added to fears that artificial intelligence tools and services will disrupt their businesses. Shares of ServiceNow sank 17% Thursday, on […]
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Investors are hunting for value in a part of the market that was once a growth darling: Software
Investors are starting to find value in an area of the market that not too long ago was heavily associated with growth: software. The group has struggled to keep up with the broader market in recent years. The iShares Expanded Tech-Software Sector ETF (IGV) tumbled 35.7% in 2022 and virtually matched the S & P […]
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Roche CEO laments Swiss franc strength as drugmaker doubles down on U.S. investment
Roche reported falling sales in the first three months of the year, as the strength of the Swiss franc and generic competition for some of its older drugs weighed on the drugmaker. First-quarter sales came in at 14.7 billion Swiss francs ($18.7 billion), down 5% year-on-year — but up 6% on a constant currency basis. […]
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These charts show how Iran’s economy is in freefall
An Iranian salesperson sits beside a portrait of Iran’s late Supreme Leader Ayatollah Ali Khamenei at his fruit shop in the Shahid Boroujerdi residential complex in southern Tehran, Iran, on April 14, 2026. Morteza Nikoubazl | Nurphoto | Getty Images The war in the Middle East is plunging Iran’s already fragile economy into freefall. Tehran’s […]
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Europe’s summer travel is on the line as airlines’ jet fuel supply dwindles
Jet fuel shortages threaten to disrupt the upcoming summer travel season as the conflict in the Strait of Hormuz intensifies. Nurphoto | Nurphoto | Getty Images Peak travel season is almost here, but the International Energy Agency’s head told CNBC that Europe may struggle to meet surging jet fuel demand as the Middle East crisis […]
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Treasury yields are little changed as U.S.-Iran standoff persists
Treasury yields were little changed on Thursday as investors await updates on the resumption of U.S.-Iran peace talks. The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — ticked lower to 4.296%. The 2-year Treasury note yield, which more closely tracks short-term Federal Reserve interest rate policy, was […]
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Trump orders Navy to ‘shoot and kill any boat’ laying mines in Hormuz Strait
In this handout photo provided by U.S. Central Command, U.S. forces patrol the Arabian Sea near M/V Touska on April 20, 2026, after firing upon the Iranian-flagged vessel that the U.S. accused of attempting to violate the U.S. naval blockade of Iranian ports near the Strait of Hormuz. U.S. Navy | Getty Images President Donald […]
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Oil giant BP suffers shareholder revolt over climate transparency at tense AGM
BP logos are seen at a BP petrol and diesel filling station southeast of London on June 15, 2020. BEN STANSALL | AFP | Getty Images LONDON — British energy major BP suffered a shareholder revolt at its annual general meeting on Thursday, following a tense clash with investors over corporate governance and climate transparency. […]
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American Airlines cuts 2026 earnings projections after surge in jet fuel
An American Airlines flight lands at Ronald Reagan Washington National Airport in Arlington, Virginia, U.S., Nov. 7, 2025. Nathan Howard | Reuters American Airlines on Thursday cut its 2026 earnings forecast, becoming the latest airline to lower its outlook after a surge in fuel costs added billions to expenses this year. American said it could […]
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Oil exporters scramble for routes beyond Hormuz — but options are constrained
Maps4Media processed and enhanced Sentinal-2 satellite imagery shows a broad view of the Strait of Hormuz between southern Iran and Oman’s Musandam Peninsula, including surrounding islands, coastal terrain, and turquoise shallow-water zones at the entrance to the Persian Gulf. Maps4media | Getty Images News | Getty Images Middle Eastern oil and gas producers are still […]
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