Oil prices plunge on report U.S. and Iran closing in on a deal to end war; Brent crude down to $101
Oil prices fell after Trump said the U.S. would pause its naval escort endeavor in the Strait of Hormuz, raising hopes of a potential deal with Iran.

Oil prices fell after Trump said the U.S. would pause its naval escort endeavor in the Strait of Hormuz, raising hopes of a potential deal with Iran.
Novo Nordisk raised its outlook for 2026 after a strong performance from its newly launched Wegovy pill.
The studies were "withdrawn because the authors drew broad conclusions that were not supported by the underlying data," the spokesperson told CNBC.
AMD's earnings report lands as investors rush into the stock on optimism that the AI boom is just getting started.
Disney's second-quarter earnings report comes less than two months after Josh D'Amaro took the helm as CEO.
Strategy is shifting from passive bitcoin accumulation to actively managing balance sheet to boost bitcoin per share value.
Aluminum's surge since the start of the Iran war is creating cost pressures for some of America's largest companies.
Lucid Group said it will make moves to better align its production with customer demand for its luxury all-electric vehicles.
Spirit Airlines was back in bankruptcy court to start dismantling the airline.
OpenAI President Greg Brockman concluded his testimony on Tuesday as the blockbuster trial between the AI startup and Elon Musk rolled into its second week.
China called for a "prompt resumption of shipping traffic through the Strait of Hormuz," though that point was absent in Iran's statement.
Anthropic CEO Dario Amodei warned AI has created a narrow window for software firms, governments and banks to fix tens of thousands of vulnerabilities.
Germany's largest airline, Lufthansa, is taking on additional fuel costs as the Middle East conflict poses 'enormous challenges.'
Super Micro pointed to progress in U.S. manufacturing in issuing a stronger-than-expected quarterly forecast.
More than 300 AMC locations in 89 markets across the U.S. will be programmed for live concert screenings. Tickets will range from $40 to $75.
Waters CEO highlighted China as an emerging global biopharmaceutical powerhouse.
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
Frontier Airlines said it expects a revenue boost in the wake of Spirit's collapse.
The Financial Stability Board wants regulators to tighten up their supervision of private credit amid fears of growing stress in the sector.
The rally comes after the company reported an over eightfold increase in first-quarter operating profits last week.
As China’s AI competition intensifies, SenseTime is shifting toward multimodal AI, lower-cost models and overseas expansion to remain competitive, co-founder Lin Dahua said.
Hiring activity increased in March, according to federal data issued Tuesday. However, the Iran war threatens to stall that progress in the job market.
Federal Reserve Chair Jerome Powell has said he plans to remain a member of the Federal Reserve board after his term as chair expires this month.
The SEC formally proposed a rule change that would allow companies to file semiannual reports on a new form, 10-S, in place of the traditional quarterly10-Qs