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There’s a simple reason for the stock market’s huge relief rally on the Iran cease-fire
A huge relief rally was underway in the stock market Wednesday following a two-week cease-fire deal between the U.S. and Iran. Article Attribution | Read More at Article Source
Iran may have just put the brakes on reopening the Strait of Hormuz
Hormuz traffic is halted after attacks by Israel on Lebanon, Iranian news agency says. Article Attribution | Read More at Article Source
Oil and fertilizer stocks get pummeled but are still well above levels before the Iran conflict
Of the S&P 500’s top 20 biggest decliners, 19 companies are in either the oil and gas or the fertilizer business, and the other one is in agriculture. Article Attribution | Read More at Article Source
Oil prices plunge below $94 a barrel, on pace for biggest drop since 2020, after U.S. and Iran agree to two-week cease-fire
Oil prices were plunging on Wednesday morning after Trump announced that Iran agreed to a two-week cease-fire. Article Attribution | Read More at Article Source
Markets looking ‘through the noise’ of Iran war — but key questions remain, says JPMorgan
There is still a lot of negotiating ahead, with conflicting demands from Washington and Tehran, according to the analysts Article Attribution | Read More at Article Source
Delta’s stock soars after a well-timed earnings report showed higher fuel costs weren’t an issue
Delta had better-than-expected earnings reported after the Iran cease-fire was announced. Article Attribution | Read More at Article Source
Exxon and Shell reveal production hit from Iran war
Integrated oil majors Exxon Mobil and Shell each revealed how the Iran war hurt production in the first quarter. Article Attribution | Read More at Article Source
The price Americans pay for medicine has gotten horribly out of control. Here’s how to fix it.
We can start with laws that limit the power of pharmacy-benefit managers Article Attribution | Read More at Article Source
The cease-fire mirage: Here’s why stock-market bulls may already be getting ahead of themselves
Goldman Sachs senior trader sees limited upside for U.S. stocks after the cease-fire between the U.S. and Iran. Article Attribution | Read More at Article Source
The New York Times says it’s identified Satoshi, the inventor of bitcoin
A report in The New York Times claims to have identified the person who goes by the pseudonym Satoshi Nakamato, the inventor of bitcoin and one of the richest people on Earth. Article Attribution | Read More at Article Source
The new high dose of Wegovy costs less than Zepbound
Novo Nordisk launched the high dose version of its GLP-1 injection at a price that’s $50 cheaper than Eli Lilly’s competing drug. Article Attribution | Read More at Article Source
We’re in our 70s with no heirs. I like donating $30,000 from our $700,000 IRA to charity — my husband disagrees. Who’s right?
“Our income — Social Security, his VA disability and three pensions — covers all expenses.” Article Attribution | Read More at Article Source