U.S. gasoline prices have fallen more than 20% since their Iran-war peak in April, with the latest declines encouraged by the announcement of a deal to end hostilities, and they could slide further if a pattern forming on the charts comes to fruition.
Oil prices fell about 4% on Tuesday to fresh three-month lows as markets weighed prospects for a resumption of supplies through the Strait of Hormuz alongside weaker physical demand and scant details on a preliminary deal to end the Iran war.
The blue-chip Dow touched a fresh record high on Tuesday as oil prices slid further on optimism around a U.S.-Iran peace deal, while SpaceX surpassed Amazon’s market value to become the fifth most valuable U.S. firm.
Exclusive: Binance set to lose EU licence bid, permission to offer services in the bloc, sources say
Binance, the world’s largest crypto exchange, is set to lose permission to offer services to European Union clients within weeks as its application for a licence is about to be turned down, two people familiar with the matter told Reuters.
Shares of Elon Musk’s SpaceX extended a post-IPO rally and rose more than 8% in premarket trading on Tuesday, putting the company on course to overtake Amazon.com in market value to become the world’s fifth‑largest company.
The Bank of Japan delivers a widely expected 25-basis-point rate hike, but the yen fails to rally.
Republican voters in Georgia will choose their U.S. Senate nominee in a runoff election on Tuesday, tapping either a congressman dubbed “MAGA Mike” by President Donald Trump or a political outsider backed by Governor Brian Kemp.
The European Parliament approved on Tuesday cutting duties on many U.S. goods imports to fulfill the European Union’s side of a trade deal struck last year, and avert a new round of tariff conflict between the world’s largest trading partners.
Elon Musk’s SpaceX said on Tuesday it would acquire Anysphere, the software firm behind the popular AI coding agent Cursor, for $60 billion, in a bid to ramp up its presence in the enterprise AI market.
Georgia Republicans go to the polls Tuesday to select their candidate for U.S. Senate to take on incumbent Jon Ossoff, a rising Democratic star and potential presidential candidate in 2028.