Latest Business News
Wall Street edges toward record highs as Iran peace hopes lift sentiment
U.S. stocks moved closer to all-time highs as investors reacted to signs that negotiations with Iran were “proceeding nicely,” easing some geopolitical tension. The S&P 500 rose while the Nasdaq advanced and the Dow lagged slightly, with energy prices and bond yields also moving on the shifting outlook.
BP removes chairman Albert Manifold over governance concerns
BP said it removed chairman Albert Manifold effective immediately, citing serious concerns about governance, oversight, and conduct. The decision weighed on BP shares in London and added to scrutiny of the company’s leadership and board oversight.
China restricts overseas travel for top AI talent
China is imposing new restrictions on overseas travel for leading AI professionals at firms including Alibaba and DeepSeek, according to market coverage. The move appears aimed at protecting strategic technology and narrowing the AI gap with the United States.
US military launches strikes in southern Iran
The U.S. military said it carried out “self-defense” strikes in southern Iran, including on missile launch sites and boats placing mines. The escalation added uncertainty to oil markets and briefly pressured risk assets before broader markets recovered some ground.
Brent crude rebounds after sharp swings tied to Middle East tensions
Brent crude rose back above $100 a barrel after earlier losses, while U.S. crude also moved lower in the latest trading session. Oil prices remained highly sensitive to the Iran conflict and to hopes that a diplomatic deal could improve supply flows.
Micron surges after UBS raises price target sharply
Micron Technology jumped after UBS significantly raised its 12-month price target, citing strong momentum in the stock. The move made Micron one of the largest positive contributors to the S&P 500 as semiconductor enthusiasm continued.
South Korea’s KOSPI jumps as markets catch up after holiday closure
South Korean equities climbed sharply as the KOSPI reopened and caught up with gains seen in other global markets. The move reflected a broader regional rally amid improving risk appetite and stronger sentiment in global trading.
Japan’s Nikkei slips from record levels
Japan’s Nikkei 225 edged lower after setting an all-time high the previous day. The decline came despite generally firm global equities, showing that Japanese markets were consolidating after a strong run.
DuPont announces reverse stock split and reaffirms 2026 guidance
DuPont disclosed a reverse stock split while reaffirming its 2026 financial guidance. The company’s action is a notable capital-structure move, and the guidance confirmation suggests management still sees its full-year outlook as intact.
Modine signs $4 billion long-term capacity agreement for data-center cooling
Modine secured a $4 billion long-term capacity agreement with a data-center customer through 2029, according to the company update. The deal highlights continued demand for hyperscale cooling infrastructure and gives Modine greater revenue visibility.
Euroseas extends charters for two feeder containerships
Euroseas extended two-year charters for two feeder containerships, supporting fleet utilization. The extension is important in a volatile shipping market because charter coverage can stabilize earnings and reduce near-term revenue risk.
Roku adds FOX One to premium subscriptions experience
Roku expanded its premium subscriptions offering by adding FOX One. The service addition may help boost engagement and average revenue per user as streaming platforms look for more monetization opportunities.