Mega-cap tech profits push S&P 500 profit margins to 15-year high
The S&P 500 climbed 29 percent over the past year as record corporate profits shielded large-cap firms from rising energy costs.
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.
OECD oil stocks approach operational minimums as Hormuz closure nears May deadline
JPMorgan analysts warn OECD oil inventories will hit operational minimums by late May, potentially shifting price growth from linear to exponential.
Trump launches Project Freedom to extract cargo ships from Strait of Hormuz
President Trump launched Project Freedom to extract neutral civilian cargo ships currently trapped in the Strait of Hormuz by the U.S.-Iran conflict.
Gary Shilling forecasts recession as disposable income growth slows to 0.4%
Economist Gary Shilling warns that a 30% stock market correction is likely by year-end as consumer spending and business investment weaken.
Oil prices fall as U.S. military prepares to clear trapped vessels in Iran war
U.S. Central Command is deploying 15,000 service members and more than 100 aircraft to escort stranded merchant vessels through the Strait of Hormuz.
Fed official warns payment in kind structures mask private credit defaults
Federal Reserve Governor Michael Barr warned that failures in the $1.8 trillion private credit market could trigger a psychological contagion and a broader credit crunch.
Fed holds rates steady as Iran conflict pushes oil over $100
Federal Reserve Chair Jerome Powell warned that Middle East conflict and $100 oil prices are disrupting the path toward interest rate cuts.
Western oil reserves approach operational minimums amid storage crisis
Brent crude surpassed $125 a barrel on April 30 as a U.S. naval blockade and the closure of the Strait of Hormuz trapped 14 million barrels of daily supply.
NBA Pushes CFTC for Under-21 Ban and Data Sharing on Prediction Markets
Dan Spillane said prediction markets could tempt players, officials, and staff to influence games through officiating or injuries.
U.S. publicly held debt tops 100% of GDP as interest costs climb
U.S. publicly held debt hit $31.265 trillion on March 31, topping 100% of GDP for the first time since World War II.
25% of First-Time Buyers Use Family Gifts or Loans for Home Purchases
Homeownership rates for people under 35 have fallen as family wealth becomes a key backstop for entry-level purchases.
Brent crude tops $125 as Strait of Hormuz closure chokes oil flows
Brent crude jumped above $125 a barrel after the Strait of Hormuz shut down and a ceasefire collapsed.