Lockheed Martin F-35 Joint Strike Fighter Lightning II Robert Sullivan | FlickrCC Shares of defense companies outperform the broader market in the six months following a crisis event in the Middle East, according to an analysis by CNBC. Defense stocks have risen since a U.S. airstrike killed Maj. Gen. Qasem […]
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Dow falls as Middle East turmoil sparks geopolitical worries
The Dow Jones Industrial Average fell for a second straight session on Monday as concerns over geopolitical tensions between Iran and the U.S. remained high following last week’s assassination of a top Iranian military leader. The 30-stock Dow dropped slightly: 49 points, or 0.2%. The S&P 500 was flat while […]
Crude turns lower, giving up earlier gains despite fears of Iran retaliation against US interests
Thousands of Iranians hold banners and posters as they take part in a pro-government rally in Mashhad, Iran on January 4, 2018. Nima Najafzadeh/Anadolu Agency/Getty Images Crude turned lower on Monday, giving up earlier gains, despite ongoing fears of Iran’s retaliation against U.S. interests. Earlier in the session oil prices […]
Cramer: ‘Endless buying for gold’ could signal a shift to real fear in the stock market
Jim Cramer Scott Mlyn | CNBC The investment community seems to be underestimating the potential fallout from rising tensions between the United States and Iran, CNBC’s Jim Cramer warns. Just after Monday’s opening bell on Wall Street, Cramer said on “Squawk on the Street” that the key to the stock […]
Dow drops more than 100 points as Middle East turmoil sparks geopolitical worries
Stocks fell for a second straight session on Monday as concerns over geopolitical tensions between Iran and the U.S. remained high following last week’s assassination of a top Iranian military leader. The Dow Jones Industrial Average dropped 147 points, or 0.5%. The S&P 500 traded 0.4% lower while the Nasdaq […]
A lasting US-Iran conflict would cause ‘broad economic, financial shock,’ Moody’s says
As tensions rise in the Middle East, Moody’s warned on Monday that any sustained clashes could have global economic repercussions. “A lasting conflict would have wide-ranging implications through broad economic and financial shock that significantly worsen operating and financing conditions,” Moody’s senior analyst Alexander Perjessy wrote in a note to […]
Stocks making the biggest moves premarket: Exxon, Axon, Boeing, Nordstrom & more
Check out the companies making headlines before the bell: Cal-Maine Foods (CALM) – The nation’s largest egg producer posted a quarterly loss of 21 cents per share, compared to consensus estimates of a 3 cents per share profit. Revenue also missed estimates, due in large measure to what the company […]
Japan will pursue prosecution of Carlos Ghosn, justice minister says
Former Nissan Motor Chariman Carlos Ghosn leaves the Tokyo Detention House in Tokyo, Japan April 25, 2019. Issei Kato | Reuters Japan said Monday it will pursue a criminal prosecution of former Nissan boss Carlos Ghosn despite his dramatic escape from the country. Speaking to reporters at her Tokyo office, […]
How the world’s most important oil chokepoint could factor into escalating US-Iran tensions
Tankers depicted in the Strait of Hormuz — a strategically important waterway which separates Iran, Oman and the United Arab Emirates. ATTA KENARE | AFP | Getty Images A critical gateway to the world’s oil industry has been thrust back into the global spotlight, following a dramatic escalation in geopolitical […]
McDonald’s new CEO takes aim at the company’s ‘party’ culture
McDonald’s CEO Chris Kempczinski is trying to restore a more professional culture, starting with feedback from key stakeholders and applying the chain’s core values across the system of franchisees, suppliers and employees. “When I started in this role, my commitment to you was to listen and learn across the System,” […]