Strong shekel squeezes exporters as dollar falls below 3 shekels
Abraham Novogrotsky called a dollar starting with a "2" a "death blow" to export profitability as the shekel strengthened.
Ben Carter
Ben Carter is a staff writer at P&L, covering markets, dealmaking, and public companies. He previously worked in equity research, focusing on valuation, earnings, and IPOs.
Strong shekel pinches Israel exporters and nonprofits
A. Grebelsky & Son says a 75% U.S. sales mix and a new 15% tariff are driving a 35% price jump as the shekel strengthens.
Chip rally: Nvidia tops $5 trillion market cap
Nvidia lifted the chip trade on Friday as its stock rose 4.3% to a record close and pushed its market cap past $5 trillion.
Resource Bottlenecks Are Now State Power
China controls most refining of lithium, cobalt, graphite and rare earths, giving Beijing leverage over battery metals and hardware supply chains.
Crypto markets face risk-off spillover from oil and Hormuz tensions
Crypto markets fell into a risk-off trade as oil swings, stretched asset prices and worries over credit pressure weighed on risk assets.
Lower mortgage rates lift purchase applications
Mortgage rates fell for a third straight week to 6.35%, and purchase applications jumped 10% as lower borrowing costs drew buyers back.
Michigan survey shows record-low U.S. sentiment after gas shock
U.S. consumer sentiment fell to a record low in April as gasoline prices surged after the Iran war, with the University of Michigan index at 49.8.
Nvidia: record close lifts market value above $5 trillion
Nvidia closed at a record, lifting its market value above $5 trillion as investors moved back into semiconductors after Intel's strong quarter.
Gas shock drives U.S. consumer sentiment to record low
U.S. consumer sentiment hit a record low in April as Iran-driven gas prices pushed the University of Michigan index to 49.8.
National mortgage rates: average falls, Duluth steady
Mortgage rates kept falling nationally, with the average 30-year fixed at 6.23%, but Duluth rates stayed steady as limited housing options kept local conditions unchanged.
US consumer sentiment hits record low as Iran war lifts inflation expectations
US consumer sentiment fell to a record low in April as war in Iran and higher gas prices pushed year-ahead inflation expectations to 4.7%.
Nvidia tops $5 trillion in AI chip rally
Nvidia topped $5 trillion in market value after a record close, as investors piled back into AI chips and Intel's strong results lifted semiconductors.