Category: Latest News

As households across the globe count the costs of the US-Israel war in Iran, some companies have been counting bumper profits instead.The uncertainty sparked by the conflict, and Iran's effective closure of the Strait of Hormuz, is driving up the cost of living and hitting the budgets of firms, families and governments.But while some have...

What Happened? Shares of electronics retailer Best Buy BBY jumped 18.1% in the afternoon session after the company reported impressive first quarter results which exceeded analysts sales and earnings estimates.Comparable sales grew 2% in Q1, doubling the company's own ~1% internal outlook, but the data point that moved the stock most was a single sentence...

What Happened? Shares of semiconductor photomask manufacturer Photronics PLAB fell 34.9% in the afternoon session after it reported underwhelming first quarter results which missed analysts sales and earnings estimates.Adjusted EPS of $0.42 missed the $0.53 consensus by 21%, and revenue of $209.9 million fell short of the $216 million estimate by 2.8%, but the Q3...

A new report suggests China’s maritime vulnerability begins at the Strait of Hormuz, not the Strait of Malacca, creating a strategic competition arena in the Indian Ocean. This region is re-emerging as a key theatre, with China’s energy dependence exposing vulnerabilities to rivals like India, France, and the US. Explore More StoriesQuote of the Day...

May 28, 2026 — US and Iran reach tentative agreement though Trump hasn’t signed off on it  CNNsource