Today: 17 May 2026

Oil Prices Crash 13%: Brent and WTI Tumble as Trump Signals Iran War May End Soon

Oil Prices Crash 13%: Brent and WTI Tumble as Trump Signals Iran War May End Soon

Oil prices fell over 13% Tuesday after President Trump said the Iran war could end soon, with Brent crude dropping $12.46 to $86.50 a barrel. OPEC supply cuts and Gulf shipping threats had pushed Brent to $119.50 Monday. The U.S. Energy Information Administration expects Brent to stay above $95 for two months. Saudi Aramco, ADNOC, and Kuwait cut output as nearly 1.9 million bpd of Gulf refining capacity remains offline.
10 March 2026
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Procter & Gamble Makes Nearly $1 Billion Gillette Boston HQ Bet as Growth Pressures Rise

Procter & Gamble Makes Nearly $1 Billion Gillette Boston HQ Bet as Growth Pressures Rise

Procter & Gamble’s Gillette unit will spend nearly $1 billion to buy 232 A Street in South Boston and build a new global headquarters and research center, keeping commercial and R&D operations in the city. The project, backed by city and state officials, will add 1.5 acres of public space and modernize Gillette’s base. Manufacturing will shift to Andover in 2026. P&G shares rose 0.9% Tuesday afternoon.
10 March 2026
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Gold Price Today Climbs Above $5,220 as Dollar Softens, Oil Slumps Ahead of U.S. CPI

Gold Price Today Climbs Above $5,220 as Dollar Softens, Oil Slumps Ahead of U.S. CPI

Spot gold jumped 1.7% to $5,222.74 an ounce Tuesday as oil prices plunged over 10% and the dollar slipped, easing inflation fears. Brent crude fell $10.45 to $88.51 a barrel after President Trump signaled possible de-escalation in the Middle East. U.S. inflation data due Wednesday could shift rate expectations again. In Dubai, gold traded at a discount to London amid flight disruptions and weak demand.
10 March 2026
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Teradyne Sues China’s Elite Robots in Germany Over Universal Robots Software (Universal Robots)

Teradyne Sues China’s Elite Robots in Germany Over Universal Robots Software (Universal Robots)

Teradyne Robotics has filed a copyright lawsuit in Germany against the German unit of China’s Elite Robots, alleging unauthorized use of Universal Robots software. The company also alerted European safety authorities about concerns with Elite Robots’ machines. Teradyne shares rose 4.1% Tuesday. Elite Robots did not issue a public statement on the allegations.
10 March 2026
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US Stock Market Today: Dow, S&P 500, Nasdaq Rise as Oil Drops From $120 Peak on Iran Relief Hopes

US Stock Market Today: Dow, S&P 500, Nasdaq Rise as Oil Drops From $120 Peak on Iran Relief Hopes

The Dow rose 236.94 points by late morning Tuesday as oil prices dropped sharply and investors reacted to signs of easing U.S.-Iran tensions. Brent crude fell 11% to $88 a barrel. Technology stocks led gains, with Nvidia up 2% and SanDisk and Western Digital rising over 5%. Energy shares and airline stocks declined as fuel costs remained a concern.
10 March 2026
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Dow Jones Index Today: Dow rises as oil slides, but Iran risk still shadows Wall Street

Dow Jones Index Today: Dow rises as oil slides, but Iran risk still shadows Wall Street

The Dow Jones rose 0.60% to 48,027.85 Tuesday as oil prices plunged, easing inflation fears after recent market turmoil. Brent crude dropped 10.6% to $88.51 a barrel and U.S. WTI fell 11.2% to $84.16 following signs of possible sanctions relief and comments from President Trump on the war’s duration. Payrolls fell by 92,000 in February and unemployment ticked up to 4.4%.
10 March 2026
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Corning Incorporated shares jump as AI fiber trade rebounds ahead of OFC 2026

Corning Incorporated shares jump as AI fiber trade rebounds ahead of OFC 2026

Corning shares climbed 6.5% to $137.50 midday Tuesday, with Ciena and Lumentum also up over 6%. The gains followed strong optical-fiber demand and a $6 billion Meta Platforms supply deal. Corning’s fourth-quarter optical communications sales rose 24% to $1.70 billion. Investors remain cautious ahead of the OFC 2026 conference next week in Los Angeles.
10 March 2026
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GE Vernova to Invest $200 Million in Vietnam as LNG, Grid Buildout Accelerates

GE Vernova to Invest $200 Million in Vietnam as LNG, Grid Buildout Accelerates

GE Vernova will invest about $200 million in a large-power-transformer plant in Hai Phong, Vietnam, aiming for full operations by 2028 and 450 jobs by 2030. The company’s gas-turbine technology was chosen for three planned LNG power projects, each designed for 1.6 GW. GE also marked the start of PV Power’s 1.6-GW Nhon Trach 3&4 plant, Vietnam’s first HA-powered project.
10 March 2026
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Walmart’s Flipkart returns to India, clearing the way for IPO

Walmart’s Flipkart returns to India, clearing the way for IPO

Flipkart has shifted its holding company from Singapore to India, completing its redomiciliation ahead of a potential local IPO. The move positions Walmart, which bought Flipkart for $16 billion in 2018, to unlock value in India, where Flipkart and PhonePe compete for market share. PhonePe handled nearly 10 billion UPI transactions in January. India’s IPO market has slowed this year, with five listings by late February.
10 March 2026
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Coinbase launches regulated crypto futures in 26 European countries as derivatives race heats up

Coinbase launches regulated crypto futures in 26 European countries as derivatives race heats up

Coinbase began offering regulated futures trading to eligible users in 26 European countries on Monday. The contracts, available through its Cyprus-regulated firm, include crypto and equity-index products with up to 10x leverage. The rollout follows increased scrutiny from EU regulators on leveraged derivatives. Competitors Kraken and One Trading are also expanding similar offerings in Europe.
10 March 2026
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Cisco Systems folds Splunk into Nexus One to speed AI data center troubleshooting

Cisco Systems folds Splunk into Nexus One to speed AI data center troubleshooting

Cisco has integrated Splunk analytics into its Nexus Dashboard, enabling real-time network fault detection and automation for Nexus 9000 and Cisco 8000 switches and routers. The feature keeps sensitive telemetry data on premises, targeting compliance-focused customers. Cisco shares rose 3.4% Tuesday morning after the announcement. The move comes as Cisco faces competition from Arista and others in AI-driven networking.
10 March 2026
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Coherent Corp Stock Jumps Again as S&P 500 Entry Extends Nvidia-Backed AI Optics Rally

Coherent Corp Stock Jumps Again as S&P 500 Entry Extends Nvidia-Backed AI Optics Rally

Coherent Corp shares climbed nearly 6% Tuesday after the company said it will join the S&P 500 on March 23, following Nvidia’s $2 billion investment. The stock traded at $267.79 by late morning in New York. Coherent also launched new 980-nanometer micro-pump lasers ahead of the OFC telecom conference. Fiscal Q2 revenue rose 17% to $1.69 billion, with third-quarter guidance set at $1.70–$1.84 billion.
10 March 2026
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Bitcoin or Cardano? Fresh $1,000 Crypto Calls Swing to Bitcoin as Ethereum Stays in Play

Bitcoin or Cardano? Fresh $1,000 Crypto Calls Swing to Bitcoin as Ethereum Stays in Play

Bitcoin traded near $71,255 Tuesday after spot bitcoin ETFs drew $167.1 million in net inflows March 9, reversing heavy outflows earlier in the week. Recent columns favored bitcoin over Cardano for retail buyers, citing fixed supply and ETF access, while a separate piece argued Ether’s case based on Ethereum’s $55 billion in decentralized finance. Cardano traded near $0.27, Ether at $2,069.
10 March 2026
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Goldman Sachs Pitches Hedge Funds New Swap Trade to Bet Against Software Loans Amid AI Fears

Goldman Sachs Pitches Hedge Funds New Swap Trade to Bet Against Software Loans Amid AI Fears

Goldman Sachs is offering hedge funds a total return swap to bet on corporate loans tied to software, as AI concerns spread in credit markets, Reuters reports. No trades have been executed yet. Morgan Stanley estimates software makes up 16% of the $1.5 trillion U.S. loan market, with half rated B- or lower. Private credit activity is rising, with major banks allocating tens of billions to the sector.
10 March 2026
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Applied Materials, Micron strike AI memory deal as $5 billion EPIC Center nears opening

Applied Materials, Micron strike AI memory deal as $5 billion EPIC Center nears opening

Applied Materials will partner with Micron Technology to develop advanced memory for AI systems at its $5 billion EPIC research center in Silicon Valley. Applied shares rose 1.9% and Micron gained 4.3% after the announcement. The companies will focus on DRAM, high-bandwidth memory, and NAND flash, with work spanning California and Idaho. Applied recently settled U.S. export allegations for $252 million.
10 March 2026
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Strategy Inc (MSTR) Buys $1.28 Billion in Bitcoin, Tweaks Share-Sale Plan

Strategy Inc (MSTR) Buys $1.28 Billion in Bitcoin, Tweaks Share-Sale Plan

Strategy bought 17,994 bitcoin for $1.28 billion between March 2 and March 8, raising its holdings to 738,731 tokens, according to a Monday filing. The purchase was funded mainly by $899.5 million from common stock sales and $377.1 million from STRC preferred shares. Shares fell 0.9% Tuesday morning. The company’s average bitcoin purchase price remains above current market value.
10 March 2026
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AppLovin Lands Stagwell Tie-Up as Mobile Gaming Ads Push Into Brand Budgets

AppLovin Lands Stagwell Tie-Up as Mobile Gaming Ads Push Into Brand Budgets

AppLovin partnered with Stagwell to expand access to its Axon ad platform, which reaches over 1 billion daily users on mobile apps and connected TV. The deal adds AppLovin’s reporting and optimization tools to Stagwell’s media services. AppLovin shares fell 4.2% Tuesday amid ongoing SEC scrutiny and competition from larger rivals. The company posted Q4 revenue of $1.66 billion, up 66% from a year earlier.
10 March 2026
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Chevron Corporation Linked to Brazil’s Ipiranga Stake Talks as Ultrapar Weighs Sale (Reuters)

Chevron Corporation Linked to Brazil’s Ipiranga Stake Talks as Ultrapar Weighs Sale (Reuters)

Chevron is in talks for a possible minority stake in Brazilian fuel distributor Ipiranga, though its role in the bidding remains unconfirmed, sources told Reuters. Ultrapar, Ipiranga’s parent, hired BTG Pactual to manage a stake sale as it seeks to reduce exposure to fuel distribution. Chevron, Ultrapar, and BTG declined to comment. Chevron shares fell $1.25 to $188.19 Tuesday; Ultrapar’s U.S. shares edged up to $5.16.
10 March 2026
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Stock Market Today

  • Fannie Mae Projects Shift in Mortgage Rates and Housing Market Trends
    May 17, 2026, 9:42 AM EDT. Fannie Mae, a government-sponsored enterprise (GSE), released its May Housing Forecast outlining expected changes in mortgage rates and the housing market. The report highlights shifts that could impact home affordability and buying patterns. Analysts will closely watch these projections as mortgage costs are key drivers in the housing sector's performance. Fannie Mae's forecast is critical for lenders, investors, and homebuyers assessing market dynamics amid fluctuating interest rates.

Latest articles

Ondas Stock Saw Fast Moves; Monday Still Ahead

Ondas Stock Saw Fast Moves; Monday Still Ahead

17 May 2026
Ondas Inc. shares fell 5.26% to $10.62 Friday after a 26.52% surge Thursday, still up 17% from May 8. First-quarter revenue jumped to $50.1 million, prompting the company to raise its 2026 target to at least $390 million. Ondas also reported a $457 million order backlog and filed to register resale of 3.3 million shares from the World View deal. The company posted a $42.7 million operating loss for the quarter.
Bank Of America To Pay $2.25M Over ATM Fees

Bank Of America To Pay $2.25M Over ATM Fees

17 May 2026
Bank of America will pay $2.25 million to settle claims it charged some customers multiple out-of-network balance-inquiry fees at 7-Eleven ATMs, according to court documents. Eligible account holders must file claims by June 29. A final approval hearing is set for Aug. 21 in San Diego federal court. Payments depend on the number of valid claims and court-approved deductions.
Singapore Airlines Faces Higher Costs on Air India Deal Amid Fuel Risk

Singapore Airlines Faces Higher Costs on Air India Deal Amid Fuel Risk

17 May 2026
Singapore Airlines’ net profit dropped 57% to S$1.18 billion despite record revenue, hit by Air India losses and the absence of a S$1.1 billion gain from the prior year. The airline warned higher jet fuel costs will impact results in FY2026/27. SIA’s share of Air India’s losses reached S$945 million. Management plans to add capacity on selected routes while some rivals reduce flights.
Nvidia Faces Key Earnings Week After Friday Drop

Nvidia Faces Key Earnings Week After Friday Drop

17 May 2026
Nvidia closed Friday at $225.32, down 4.42%, but still gained 4.7% for the week after a surge tied to AI optimism. The Nasdaq fell 1.54% and the Philadelphia semiconductor index dropped 4% Friday, with AMD and Intel also sliding. Investors await Nvidia’s quarterly results on Wednesday, seen as a key test for the AI-driven rally in U.S. equities.
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