Two of the world’s most critical oil chokepoints — the Strait of Hormuz and Bab-el-Mandeb — are seeing almost no shipping traffic right now. Yet as the Iran conflict drags on, far from an oil apocalypse, prices are 30% down from their peak. But if you’re filling up with diesel, you won’t have noticed —…
Eli Lilly (LLY -1.06%) and Novo Nordisk (NVO -8.71%) are far and away the heavyweights in the global market for GLP-1 drugs, which effectively treat both type 2 diabetes and obesity. And that market is exploding, particularly for obesity drugs. The global market for obesity medicines reached $66 billion in 2025. Bloomberg predicts it will…
The Australian Dollar advanced on Friday after US Retail Sales disappointed investors, increasing speculation that the Federal Reserve might not raise rates, as the economy showed tentative signs of weakness. The AUD/USD trades at 0.7083, up 0.34% AUD/USD Price Forecast: Technical outlook The daily chart shows the AUD/USD is bullish, but buyers remain unable to…
It was a wild two days for Lucid (LCID +8.57%) shareholders. On Tuesday, a report from an electric vehicle blog, citing two unnamed sources, claimed the luxury EV maker had brought in consulting firm AlixPartners to weigh a Chapter 11 bankruptcy filing or a take-private deal. Shares lost more than half their value at Tuesday’s…