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Brent crude climbed above $100 a barrel on Wednesday for the first time since July, as attacks on tankers and energy infrastructure intensified across the Middle East. West Texas Intermediate, the U.S. benchmark, advanced toward $95. The U.S. military sank four Iranian tankers in the Gulf of Oman and destroyed a fifth near Kharg Island, while Iran-backed Houthi militants claimed attacks on a 400,000-barrel-a-day Saudi refinery. Morgan Stanley told clients that higher oil and

Chevron Chief Financial Officer Eimear Bonner told the Barclays Energy-Power Conference on Tuesday that the company's portfolio is bigger, better and stronger than it has ever been. Chevron currently produces about 280,000 barrels of oil per day in Venezuela and expects output to reach 600,000 barrels per day around 2031, backed by roughly $7 billion in gross investment over five years and more than double its current rig count. Bonner said plateau production could reach 600,

A dispute over tokenized stocks moved from social media to television on Wednesday, with Robinhood CEO Vlad Tenev pushing back against AMC Entertainment CEO Adam Aron, who had accused Robinhood of tokenizing AMC shares without the company's blessing. Speaking on CNBC, Tenev argued that once a company goes public its shares become transferable property, and issuers do not control other companies issuing their own securities that reference those shares. Robinhood's stock tokens

The move above $100 Brent works in the opposite direction for airlines. The U.S. Global Jets ETF slipped in Wednesday's premarket session after losing more than 13% over the previous month. Delta Air Lines fell 13.9% across that stretch, while United Airlines Holdings declined 16.8%. Jet fuel represents roughly 25% to 30% of operating expenses for many carriers, according to the International Air Transport Association, making it one of the industry's highest and most volatile

Expensive oil feeds inflation, and inflation is feeding a more hawkish Federal Reserve. CME FedWatch put the odds of a September rate hike near 60% on Wednesday, up from roughly 40% before Chair Kevin Warsh's Jackson Hole speech. The 10-year Treasury yield rose to about 4.78%, its highest level since early 2025. A stronger-than-expected August payrolls report, which showed 162,000 jobs added against a 55,000 consensus, hardened the hawkish case ahead of the Sept. 16 policy me

NIO is on track for a fourth straight monthly decline, with its U.S.-listed shares down about 7% in August, raising the stakes for the Chinese EV maker's second-quarter report due September 1. Retail sentiment on Stocktwits sits at 27 out of 100, just above the record low of 21 touched in late July. The delivery picture is mixed. Second-quarter deliveries rose 49% year over year to 107,658 vehicles but missed the company's own guidance of 110,000 to 115,000. July offered a br

Spot silver closed the week near $68.92 an ounce, extending a rally that has seen the metal surge nearly 4% in single sessions and clear $65 for the first time since January's record. Investors rotating toward hard assets amid recent bond-market volatility have kept precious metals among the market's most durable performers this month. Hecla Mining has been a standout beneficiary, up roughly 13.5% from its August 12 close. The company retired the last of its senior notes in A

Markets enter the final full week of August with few major economic releases on the calendar, leaving attention squarely on the Federal Reserve's Jackson Hole Economic Policy Symposium, which runs August 27–29 in Wyoming. It will be the first symposium chaired by Kevin Warsh, whose keynote on monetary policy is set for Thursday, August 27. Warsh has spent his early months as chair calling for a monetary policy 'regime change' and arguing that above-target inflation has persis

The gap between the major U.S. carriers keeps widening. Delta Air Lines is up about 16% year to date at $80.86, while American Airlines has slid 12% to $13.49, leaving it the only major U.S. carrier in the red this year. United sits roughly flat in between. Analysts attribute Delta's outperformance to its diversified revenue mix — premium cabins, loyalty and credit-card partnerships, and even its own oil refinery — which softens the blow from elevated jet fuel prices. America

A wave of insider selling at Snap has caught investors' attention this week, with multiple sell-offs by senior executives reported on August 21 following filings earlier in the week showing top brass quietly cashing in shares. Insider sales are not inherently a red flag — executives sell for tax, diversification, and prearranged trading-plan reasons — but clusters of sales tend to invite scrutiny, particularly for a stock that has struggled to sustain momentum against larger

Super Micro Computer said a board-led independent investigation into export-control violations tied to a March indictment of three former associates has concluded, clearing current senior management of wrongdoing. The probe found no direct illegal sales occurred and affirmed the reliability of the company's past financial statements, removing a cloud that had hung over the AI server maker. Alongside the announcement, Supermicro issued a preliminary business update pointing to

Bitcoin capped its strongest week in roughly three years, climbing above $77,000 on Friday after briefly challenging $80,000 overnight. The cryptocurrency gained more than 20% on the week, up from around $62,800 on Monday, as a wave of regulatory optimism and heavy ETF inflows — more than $800 million into bitcoin and ether funds over two days — pulled investors back into digital assets. Crypto-linked equities rode the move. Robinhood Markets jumped as much as 11% on Friday a

SpaceX shares slipped this week as the company's second post-IPO lockup expiration took effect on August 20, releasing up to 319 million previously restricted shares held by current and former employees and early investors. The tranche expands the tradable float by roughly 20%. The release follows an initial unlock of up to 911.5 million shares on August 6, which the stock absorbed with a gain of about 6% that day. By Friday, shares had steadied around $135 in early trading a

Wall Street clawed back ground on Friday after a week dominated by a sell-off in Treasurys. The S&P 500 rose 0.43% to 7,674.37, the Nasdaq Composite added 0.43% to 26,180.45, and the Dow Jones Industrial Average gained 517.80 points, or 0.98%, to close at 53,277.01, helped by healthcare names and a strong financials sector. The bounce wasn't enough to salvage the week. The S&P 500 fell 1.4% and the Nasdaq lost 2%, with both snapping three-week winning streaks, while the Dow s

United Parcel Service secured a modification to an existing transportation contract with the U.S. government valued at about $2.7 billion, with rival FedEx receiving a modification of similar size. The awards extend both carriers' long-running role moving freight and packages for federal agencies. The contract news lands at a welcome moment for UPS, whose shares have been pressured this year amid soft package volumes and an ongoing network reconfiguration. The stock traded be

Robinhood shares climbed more than 4% Thursday after the broker unveiled new AI-driven trading tools, adding another leg to a growth story that already spans funds, crypto, and tokenization. The stock has been one of the year's stronger fintech performers as product launches keep stacking. The company also priced Robinhood Ventures Fund II, an 8-million-share IPO at $25 that creates a $225.5 million vehicle focused on early-stage private companies — extending retail investors

Riot Platforms sold 4,300 bitcoin during the second quarter — bringing first-half 2026 sales to 9,665 BTC — to help fund operations and its rapidly expanding data center business. The disclosure sharpens the picture of a miner deliberately converting its bitcoin treasury into AI infrastructure capital. The pivot is anchored by Riot's 20-year, 191-megawatt lease with Anthropic, projected to generate roughly $9.1 billion in revenue through 2048. Even after the sales, Riot still

Copper prices climbed to fresh records this month, powered by tight mine supply and structural demand from electrification, grid expansion, and data center construction. As one of the world's largest copper producers, Freeport-McMoRan has drawn outsized investor attention as the rally extends. Freeport shares have tracked the metal higher, and the company's variable-dividend framework gives shareholders direct exposure to the price strength: the board's latest payout of $0.15

Oil prices pushed higher this week, with WTI crude topping $87 a barrel in Thursday trading — extending a 2026 rally that briefly carried the benchmark above $100 earlier this summer. Tight supply and resilient demand have kept the energy tape firmly bid even as broader equities wobble. BP gained more than 3% on the session as investors positioned in names most leveraged to firmer crude, refining margins, and trading conditions, with the company still riding momentum from a s

Walmart shares fell sharply Thursday even after the retailer beat on both lines, with adjusted earnings of $0.81 per share topping the $0.74 consensus and revenue rising 5.9% to $187.9 billion. The stock, which traded near $114 before the report, dropped as much as 7% premarket before paring losses through the session. The culprit was comparable sales. Walmart-only U.S. comps excluding fuel rose 2.6%, well short of the roughly 3.7% analysts expected and the slowest quarterly