- Housing credit increased by 5.3% in the year to March
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Nexstar-Tegna merger faces federal judge's block, risking $150M bond. Valuation concerns rise.
Intel jumps 11% on Musk's AI chip project news, boosting its roadmap. High volume signals strong interest.
Oil prices plunged 17% on ceasefire news, but fears of Strait of Hormuz disruption linger. Talks resume.
Banks rally 4% on Iran truce news; oil drops 17%. Fed rate cut hopes rise as inflation fears ease.
TMC stock plunged 25.5% on geopolitical risk, now down 56% from its high. High-risk, high-reward potential.
US crude cargoes into Europe traded $18–$20 above Dated Brent, implying $150+ prices despite ceasefire news. The spike highlights severe physical tightness, with supply disruptions and strong demand keeping crude markets under strain.
Macron backs Iran-US ceasefire, flags Hormuz and nuclear risks for lasting deal Macron’s endorsement of the ceasefire supports near-term risk sentiment, emphasis on Hormuz & unresolved nuclear issues signals downside
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