Markets & Econ

Markets & Econ

Alcoa Agrees to $5.6 Billion South32 Acquisition; U.S. and Kazakhstan Sign Tungsten Access Deal

Alcoa Corp. acquires bauxite, alumina, and aluminum assets from South32 Ltd., while the United States secures access to untapped tungsten reserves in Kazakhstan

Markets & Econ

Oil Prices Steady After Largest Quarterly Drop Since Pandemic Amid Strait of Hormuz Shipping and Geopolitical Monitoring

Market participants monitor US-Iran diplomatic progress and shipping clearance obstacles as oil prices stabilize following recent quarterly losses.

Markets & Econ

Market Summary: Onsemi Acquires Synaptics; Microsoft Shares Drop; South Korea Halts Trading; NASA Selects Rocket Lab

Corporate acquisitions, equity volatility, regulatory interventions, and government contracts mark current market activity.

Markets & Econ

Oil Prices Drop Below Pre-Conflict Levels as Strait of Hormuz Traffic Surges

Brent crude falls to $72.24 per barrel following missile strikes on Tehran and a cargo ship attack in the Strait of Hormuz.

Markets & Econ

US and Iran Sign Preliminary Peace Accord; Strait of Hormuz Reopening Proposed

The United States and Iran have signed a preliminary peace accord that includes provisions to reopen the Strait of Hormuz, prompting market reactions as oil pri

Markets & Econ

Federal Reserve Holds Benchmark Rate Steady at Latest Meeting

The U.S. Federal Reserve left its benchmark policy rate unchanged, citing ongoing assessment of inflation and labor-market data.