Deckers Outdoor Stock Climbs on Jefferies Upgrade to 'Buy'
Shares of the HOKA and UGG parent company gained after Jefferies upgraded the stock to Buy from Hold, citing confidence in its earnings power and raising its price target to $130.
Latest by Yuki Tanaka
UN Maritime Agency Urges Nations to Reject Iran's Control Over Strait of Hormuz
The International Maritime Organization's governing council has condemned Iran's efforts to control traffic through the vital Strait of Hormuz, calling on member states not to recognize Tehran's sovereignty claims.
Wheat Futures Climb to Six-Week High on Expectations of Lower USDA Stockpile Report
Chicago wheat futures reached their highest level in six weeks as traders positioned for an upcoming U.S. Department of Agriculture report expected to show a reduction in domestic stockpiles. Global supply concerns, including heat in Europe, also provided support.
Eni CEO Warns Oil Could Top $100 by 2027 on Persistent Mideast Tensions
Claudio Descalzi, CEO of Italian energy giant Eni, predicts crude prices could surpass $100 per barrel by early 2027 if Middle East conflicts continue, warning that dwindling strategic reserves are leaving the market vulnerable to supply shocks.
Bitcoin Rises Above $63,000 as Easing U.S.-Iran Tensions Boost Risk Appetite
The world's largest cryptocurrency gained nearly 2% as comments from U.S. President Donald Trump suggesting a de-escalation of conflict with Iran caused oil prices to fall and improved broader market sentiment.
Bitcoin Consolidates Below $64,700 Resistance, Signaling Potential Volatility Spike
Bitcoin is trading in a narrow range below the key $64,700 resistance level, with technical indicators showing conflicting signals that point to an imminent increase in market volatility.
Korean Air Q2 Profit Down 34% as Record Revenue Fails to Offset Fuel Costs
The South Korean flag carrier reported a sharp decline in second-quarter operating profit to 261.8 billion won, as soaring fuel expenses overshadowed a record 5.02 trillion won in revenue driven by strong cargo and passenger demand.
Prudential Placed on 'Positive Catalyst Watch' at JPMorgan on Hong Kong Optimism
JPMorgan analysts believe market pessimism over new Chinese capital controls is overblown, placing Prudential on a watch list ahead of H1 results expected to show strong growth.
European Airline Stocks Fall as US-Iran Tensions Drive Oil Prices Higher
Shares in European carriers declined Monday after escalating military actions in the Strait of Hormuz caused a sharp rise in crude oil prices, a key operating cost for the industry.