Daily Newsroom
Follow market-moving stories, policy signals, and company developments curated by the editorial desk.
Lead story
Oil prices edged higher on Tuesday, with gains limited as traders weighed easing geopolitical tensions against increasing global supply and uncertain demand prospects. Both Brent and U.S. crude benchmarks saw modest increases as the market's attention shifted to fundamental supply and demand factors.
Cuban authorities have started to slowly restore electricity to the capital, Havana, following a collapse of the national power grid on Monday. The cause of the widespread outage, which affected the entire island, has not yet been announced.
The United States' emergency crude oil stockpile has reached its lowest point in over four decades after a recent drawdown. The release is part of a government plan to address global supply shortages and reduce fuel prices.
Shares of Kura Sushi USA fell sharply after the company reported fiscal third-quarter revenue that missed expectations and lowered its full-year sales forecast. The revolving sushi chain also reported a significant decline in guest traffic, contributing to investor concerns.
Shares of Swedish property company Castellum AB fell on Tuesday after a downgrade from UBS and a cautious upgrade from Barclays created uncertainty about the stock's future performance.
Several international airlines are beginning to restore select routes to the Middle East following recent regional conflict. However, widespread disruptions continue, with many carriers extending flight suspensions to key destinations for several more months.
BMO Capital Markets has initiated coverage on Royal Caribbean with an "Outperform" rating, citing the company's strong growth model and setting a price target that suggests a potential 30% return.
U.S. stock markets started the trading day in negative territory following comments from President Donald Trump that an interim deal with Iran has ended. The statement triggered a rise in oil prices and broader market uncertainty.
Asian semiconductor stocks fell sharply on Tuesday, dragging down U.S. futures, even as Samsung Electronics reported a massive jump in quarterly profit. The downturn raises concerns about the sustainability of the recent AI-driven market rally.
