Strait of Hormuz traffic stays far below pre-conflict levels after ceasefire
AIS data show Strait of Hormuz traffic still far below preconflict levels, with crossings at 8.6 a day from March 1 to April 21 versus a 115.7 baseline.
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Strong shekel squeezes Israeli exporters after dollar falls below NIS 3
One exporter said the stronger shekel and a new 15% U.S. tariff have added 35% to product prices.
Nvidia tops $5 trillion amid megacap earnings, Fed, and Middle East risks
Nvidia’s rally lifted its market value past $5 trillion as the Nasdaq climbed 15% in April and chip stocks rebounded after Intel’s earnings beat.
Job market anxiety spreads beyond layoffs
ADP’s Nela Richardson said the U.S. is becoming "not just a service economy, but a healthcare-driven economy," as aging shifts hiring.
Israel's strong shekel squeezes exporters
The dollar touched 2.98 shekels, a 30-year low, and one exporter said tariffs and the stronger shekel added 35% to its product price.
Big Tech earnings test AI spending plans
The Bank of England warned that “AI stock valuations” look stretched as Nvidia, AMD and Qualcomm extended the AI-driven rally.
Strait of Hormuz traffic stays far below prewar levels
AXSMarine data shows Strait of Hormuz traffic still far below normal after the ceasefire, with only 446 crossings from 1 March to 21 April.
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.
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.
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.