"Oil prices have surged past $110 a barrel after President Trump threatened further escalation in Iran, with diesel topping $200 and near-term contracts trading at record premiums."
"The labor market doesn't appear to be flinching, as initial jobless claims fell to 202,000 last week, below the 212,000 estimate and down from the prior week's 211,000."
"Tesla delivered 358,023 EVs in Q1 2026, falling short of the 368,900 Wall Street was expecting, marking a significant stumble for a stock already down 18% on the year."
"Amazon is in talks to acquire satellite operator Globalstar in a deal worth roughly $9 billion, a move that would turbocharge its push into space-based connectivity."
The stock market is experiencing declines following President Trump's address regarding the Iran conflict, with the Nasdaq Composite down 1.8%. Oil prices have surged past $110 a barrel, driven by threats of escalation in Iran. Despite these pressures, the labor market remains stable, with initial jobless claims falling to 202,000. Tesla's Q1 EV deliveries fell short of expectations, while Amazon is pursuing a $9 billion acquisition of Globalstar. McDonald's is launching a new Under $3 Menu to enhance value offerings.
Read at 24/7 Wall St.
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