U.S. stock indexes opened mixed on Monday, with the S&P 500 and Nasdaq declining due to rising U.S.-Iran tensions that boosted oil prices and weighed on semiconductor shares.
Plumbing and industrial supplies distributor Ferguson Enterprises has agreed to purchase FloWorks from Wynnchurch Capital for approximately $1.6 billion, a move designed to expand its presence in the resilient industrial MRO market.
The U.S. Federal Aviation Administration has concluded its investigation into a May Starship booster failure, allowing SpaceX to proceed with its next test flight from Texas as soon as this week.
The Brazilian Coffee Industry Association warns the El Niño weather pattern could reduce the country's expected record coffee harvest by 15% to 20%. While technological advances have improved crop resilience, excessive heat and irregular rainfall are already disrupting production.
The levelized cost of energy from new natural gas plants has surged to its highest point since 2009, driven by soaring electricity demand from the artificial intelligence and data center sectors, according to a new analysis by Lazard.
Italy's Treasury has mandated BofA, Citigroup, Goldman Sachs, and Morgan Stanley to manage an upcoming sale of U.S. dollar-denominated sovereign bonds with maturities in 2031, 2036, and 2056.
The South African rand gained against the U.S. dollar, supported by a significant rise in gold prices that overshadowed a worse-than-expected decline in domestic manufacturing output.
The euro and British pound diverged against a stable U.S. dollar as a surge in oil prices, driven by geopolitical tensions in the Strait of Hormuz, created fresh uncertainty for the global interest rate outlook ahead of key central bank commentary.
Citi Research has lowered its rating on UK stocks, arguing the market's defensive and commodity-heavy structure is less appealing as earnings growth expands to more cyclical markets.
