Economy
Bernard Arnault, chairman of LVMH, shed roughly $55.9 billion from his net worth during the first three months of 2026, according to the Bloomberg Billionaires Index, as the world's largest luxury conglomerate recorded its steepest quarterly stock decline on record. The losses reduced his fortune......
Tesla reported 358,023 vehicle deliveries in the first quarter of 2026, falling short of Wall Street expectations and renewing questions about demand for the automaker's electric vehicles in a post-tax-credit environment. The figures, released Thursday morning through a Business Wire press release,......
Shares in Shell and BP surged to all-time highs on Thursday as the ongoing U.S.-Iran conflict continues to drive crude oil prices sharply higher, generating windfall gains for major oil companies while hitting consumers hard at the pump. Shell's share price has risen roughly 15% over the past month,......
More than a month into the American-Israeli military campaign against Iran, China is absorbing the economic shock of oil supply disruptions and soaring energy costs, yet a growing number of analysts argue that the world's second-largest economy may be better positioned than most to weather the storm,......
Gold has pulled back sharply from the records it set earlier this year, falling roughly 10 percent to around $4,600 as of April 1, 2026, under pressure from a hawkish shift in Federal Reserve expectations and a strengthening U.S. dollar. The precious metal, which had touched an intraday all-time high......
Traders placed a record $977 million against crude oil in March, pouring capital into the ProShares UltraShort Bloomberg Crude Oil ETF in the largest monthly inflow the fund has recorded since its launch in November 2008. The bet has so far gone badly wrong. SCO, which delivers twice the daily inverse......
The French government is closely monitoring discussions between Pernod Ricard and Brown Forman over a potential merger that could reshape the global spirits market. Officials in Paris are focusing on key issues including the future headquarters location and board composition, according to Bloomberg,......
The war between the United States, Israel, and Iran has evolved into a full-blown aviation crisis, with jet fuel prices more than doubling in a matter of weeks, airlines slashing capacity, and millions of passengers left in uncertainty as vast portions of Middle Eastern airspace remain closed or restricted. Jet......
Iranian missile and drone strikes against two of the Middle East's largest aluminium smelters over the weekend have thrown global supply chains into disarray, driving prices to their highest level in four years and raising the prospect of a prolonged market deficit. Emirates Global Aluminium confirmed......
One month into the U.S. and Israeli war against Iran, Russia has emerged as one of the conflict's primary economic beneficiaries, collecting billions of dollars not only from surging oil prices but across a broad range of commodities including aluminum, fertilizers, and liquefied natural gas. The......
Oil markets endured another turbulent session on Wednesday as traders struggled to reconcile Donald Trump's signals of an imminent end to the U.S.-Iran war with the reality of continued fighting and a largely closed Strait of Hormuz. Brent crude, which had opened higher during Asian trading, reversed......
Canada’s manufacturing sector showed signs of stagnation in March, as rising global tensions and trade pressures weighed on industrial activity. According to recent data, the country’s Manufacturing Purchasing Managers’ Index (PMI) fell to its lowest level in three months, signaling......
Market turbulence triggered by the American-Israeli military campaign against Iran has taken a heavy toll on the world's wealthiest individuals, erasing more than $255 billion in combined net worth from six of the ten richest people since January, according to the Bloomberg Billionaires Index. Oracle......
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