Crude oil benchmarks surged to one-month highs after the U.S. announced it would reinstate a naval blockade on Iran and impose charges on cargo transiting the vital Strait of Hormuz, heightening fears of a major supply disruption.
The U.S. dollar strengthened on Tuesday as investors sought safe-haven assets amid rising geopolitical tensions in the Middle East, following reports of attacks on three oil tankers near the Strait of Hormuz.
The clinical-stage biotech company announced the proposed offering of common stock and pre-funded warrants, causing shares to fall 6% after a 90% surge earlier in the day on positive clinical trial data.
Canada's benchmark S&P/TSX Composite index closed down 0.15% on Monday, as significant losses in materials and financial stocks offset a major rally in crude oil prices.
The clinical-stage oncology company saw its stock decline in after-hours trading after announcing plans for a significant public offering to raise capital for research and development.
Robinhood Markets is reportedly testing investor demand for its first-ever asset-backed security deal, aiming to raise at least $400 million by securitizing its credit card receivables as it expands its financial services offerings.
The U.S. House of Representatives is scheduled to vote this week on the Sunshine Protection Act, a bill that would end the twice-yearly clock change and establish permanent Daylight Saving Time across the country.
The U.S. military will begin enforcing a complete maritime blockade on all Iranian ports and coastal areas starting Tuesday, according to a U.S. Navy-led advisory, a move with significant implications for global energy markets.
The U.S. dollar reversed earlier gains on Wednesday after minutes from the Federal Reserve's June meeting revealed a divided outlook on interest rates, offsetting safe-haven demand driven by escalating U.S.-Iran tensions.
