Global oil prices are jumping back toward their highest levels in nearly four years early Thursday after Iran targeted energy production in the Gulf region.
The Citrini selloff wasn’t panic — it was an X-ray. The “smart money” is quietly exiting the tech sectors AI is disrupting.
Buyers who had expected a glut of cheap fuel are now scrambling for supplies.
One of the US stock market’s biggest winners this year has turned into the worst-hit sector since the start of the Iran War as a spike in oil prices has boosted industrial production costs.
There are a few under-the-surface factors that are supporting the stock market.
The bank is considering to get rid of roughly 10% of its total workforce, as the bank is focused on “staff-related inflation.”
