Rising tensions between the U.S. and Iran in the Strait of Hormuz have disrupted oil shipments, pushing oil prices up by $6 per barrel and shaking market confidence. This escalation has led to a downward revision of the S&P 500 year-end price target from 9,500 to around 8,500, reflecting stalled market momentum and a lower valuation ceiling. Although geopolitical risks have already been factored into the market, the S&P 500 is unlikely to exceed a 21x forward earnings multiple as these risks grow. Despite these challenges, strong corporate earnings are expected to support a gradual rise in the S&P 500 through the end of the year and into 2026, even if valuations contract further.
Wedbush rang the closing bell at Cboe Global Markets to mark 18 years as a Cboe member, celebrating a partnership focused on innovation and market integrity. Since joining in 2008, Wedbush has supported the evolution of financial markets through new ...
The New Civil Liberties Alliance (NCLA) filed an appeal to revive a lawsuit against the Biden Administration and private companies for censoring social media posts by individuals injured by Covid vaccines. Plaintiffs, including vaccine-injured indivi...
Columbus Circle Capital Corp III announced the pricing of its initial public offering (IPO) of 20 million units at $10 each, raising $200 million. The units will begin trading on the Nasdaq Global Market under the symbol "CCCTU" on July 9, 2026. Each...
Tesco Plc remains the leading supermarket in the UK with a 28.5% market share, showing strong growth and profitability despite tough competition from Lidl and Aldi. In fiscal year 2026, Tesco's profit after tax rose by 9.67% to £1.79 billion, driven ...
The global golf simulators market, valued at $2.4 billion in 2025, is projected to grow to $5.5 billion by 2035 at an 8.6% CAGR. Growth is fueled by technological improvements, increased commercial and residential use, and rising demand for indoor go...
