Oil jump keeps Wall Street split on Iran shock
Stocks bounced off 6-month lows as hopes for calmer Hormuz shipping eased fear, but higher crude kept pressure on inflation and airline margins.
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.
Stocks bounced off 6-month lows as hopes for calmer Hormuz shipping eased fear, but higher crude kept pressure on inflation and airline margins.
David Branch said better weather and more supply could ease cocoa costs, but he expects little relief for consumers before Halloween.
U.S. employers added 178,000 jobs in March, and unemployment fell to 4.3% as health care, construction and transportation led the rebound.
March jobs data steadied stocks, but Iran-war jitters kept oil, equities and bitcoin whipsawing as investors weighed higher energy costs.
Widdershoven says cargoes still move, but rising insurance costs and weaker delivery confidence are pushing buyers toward security-first procurement.
Employers added 178,000 jobs in March, led by health care, and the unemployment rate slipped to 4.3%.
Employers added 178,000 jobs in March and unemployment fell to 4.3%, giving the Fed more room to hold rates as bond yields rose.
Stocks swung on Iran and oil headlines as traders priced in de-escalation hopes but still paid for war risk.
Trump administration and the CFTC sued Illinois, Connecticut and Arizona to block state oversight of Kalshi and Polymarket prediction markets.
Crude jumped more than 11% after Trump said the conflict is “nearly complete,” and analysts warned that could send US gas above $4 a gallon.
Pakistan will repay $3.5B to the UAE by month end, a senior official told Dawn, calling the move worth it to uphold “national dignity.” US payrolls rose 178,000 in March.