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.
The Strait of Hormuz remains closed for a third week as a double-blockade by the U.S. and Iran shifts the energy focus from price shocks to physical fuel shortages.
Up to 250,000 homeowners are projected to lose their properties over the next 18 months as delinquent FHA borrowers struggle to meet tighter assistance thresholds.
Brent crude prices surged 5.8 percent to $114.44 per barrel after Iran reportedly attacked vessels from the United Arab Emirates in the Strait of Hormuz.
JPMorgan analysts project OECD oil inventories will reach critical operational minimums between May 9 and May 30 as the Strait of Hormuz remains closed.
U.S. foreclosure activity hit a six-year high in the first quarter of 2026 with 118,727 properties entering the process.
The S&P 500 reached a record high of 7,230.12 as investors favored strong corporate earnings over rising geopolitical tensions and oil prices exceeding $100 a barrel.
JPMorgan analysts expect OECD oil inventories to hit operational minimums by late May as the Strait of Hormuz remains closed.
New Federal Housing Administration rules requiring three consecutive payments to qualify for assistance could push 250,000 borrowers into foreclosure or forced sales.
The S&P 500 climbed 29 percent over the past year as record corporate profits shielded large-cap firms from rising energy costs.
JPMorgan analysts warn OECD oil inventories will hit operational minimums by late May, potentially shifting price growth from linear to exponential.
President Trump launched Project Freedom to extract neutral civilian cargo ships currently trapped in the Strait of Hormuz by the U.S.-Iran conflict.
Economist Gary Shilling warns that a 30% stock market correction is likely by year-end as consumer spending and business investment weaken.
