The Nasdaq Composite fell 1% amid rising oil prices nearing $96 per barrel and climbing U.S. Treasury yields, with the 10-year yield approaching 4.5%. Strong economic data, including robust private hiring and a steady services sector, pushed yields higher, challenging expectations for rate cuts. Technology and quantum computing stocks led the sell-off as investors took profits, while energy stocks gained due to higher oil prices. The market now faces pressure from inflation concerns and higher borrowing costs, with key Nasdaq levels indicating potential further downside if selling intensifies.
Michael Saylor's company, Strategy (MSTR), saw its stock price drop over 30% shortly after selling 32 Bitcoins to fund equity commitments. Although the sale was small, it shook investor confidence due to the company's reputation for hoarding Bitcoin....
Energy mergers and acquisitions are gaining momentum in 2026 due to high oil prices, with West Texas Intermediate crude at $92.16 per barrel. Mid-cap energy companies Talos Energy, Matador Resources, and Chord Energy are prime targets for acquisition...
Pantheon Resources presented to Alaska lawmakers alongside major producers to support the AK LNG Project, emphasizing its Kodiak and Ahpun projects as potential low-cost, low-CO2 gas suppliers. The company highlighted its ability to offer competitive...
Oil prices surged sharply on Monday after Iran threatened to completely block the Strait of Hormuz, a critical passage for about 20% of the world's oil supply. West Texas Intermediate crude rose 7% to around $94 per barrel, while Brent crude climbed ...
The ALPS Equal Sector Weight ETF (EQL) changed its benchmark on June 1, moving from the NYSE Equal Sector Weight Index to the VettaFi Modelist Equal Weight Sector 500 Index (VFES500). This shift means EQL will now hold individual stocks directly inst...
