Crude oil futures jumped significantly last week, with July WTI crude rising over 11% to $101.16 and Brent crude up more than 8.5% to $109.71. The surge is driven by ongoing disruptions in the Strait of Hormuz, a critical oil shipping route, causing tighter supply and falling U.S. oil inventories. Stalled U.S.-Iran talks and military tensions add upward pressure on prices, signaling a market shift from expecting a quick resolution to pricing in prolonged supply constraints. Key resistance levels for WTI are $103.78 and $110.93, while Brent faces tests at $115.24 and $119.44, with further rallies possible if these are breached. The market will closely watch upcoming U.S. inventory reports and diplomatic developments for direction.
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
Experian PLC started its 2027 financial year with a 10% revenue increase in the first quarter, driven by strong demand in North America and Latin America. Organic growth was 7%, with North America growing 7% despite a 2% drop in consumer services due...
Gooch & Housego, a UK-listed photonics company specializing in precision optics for aerospace and defence, has agreed to a £345.6 million takeover by US private equity firm Arlington Capital Partners. The offer values the company at a 41.3% premium t...
Aave DAO has proposed an innovative mobile app that integrates fiat currency deposits, self-custody, and decentralized finance (DeFi) lending in one platform. This app allows users to convert fiat to stablecoins and earn yields without needing extern...
Analysts expect Netflix to report $12.6 billion in revenue for Q2 and $51.3 billion for the full year 2026. The operating margin forecast has been revised down from 33% to 32% due to anticipated higher expenses, with an expected operating profit of $...
