Iran Claims 'Impossible' to Reopen Strait of Hormuz Due to 'Flagrant' Ceasefire Violations by US
Iranian Parliament Speaker Mohammad Bagher Ghalibaf said that it would be impossible to reopen the Strait of Hormuz due to the actions of the US.
GameStop Shares Surge 4.7% to $25.61 as Meme Stock Momentum Returns Amid Ryan Cohen Transformation Bets
NEW YORK — GameStop Corp. shares jumped more than 4.7% in midday trading Wednesday, climbing to $25.61 as renewed retail investor enthusiasm and speculation around CEO Ryan Cohen's ambitious turnaround plans fueled the latest surge in the iconic meme stock.
Dow Jones Surges Past 49,500 on Iran Ceasefire Extension as Wall Street Rebounds
NEW YORK — The Dow Jones Industrial Average climbed sharply in early trading Wednesday, rising 0.76 percent or 375.78 points to 49,525.16 as investors welcomed President Donald Trump's decision to extend the U.S. ceasefire with Iran indefinitely, easing immediate fears of renewed escalation in the Middle East and supporting risk appetite across global markets.
GM Suspends Next-Gen Electric Trucks as It Pivots to Gas Engines and Hybrids Amid Slowing EV Demand
DETROIT — General Motors Co. has indefinitely delayed development of its next-generation full-size electric trucks, including refreshed versions of the Chevrolet Silverado EV, GMC Sierra EV, Cadillac Escalade IQ and GMC Hummer EV models, as the automaker shifts resources toward internal combustion engines and hybrid technology in response to softening demand for battery-electric pickups.
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Air New Zealand CFO Richard Thomson Resigns Effective August 2026, Airline Launches Search for Replacement
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FTSE 100 Edges Higher in Early Trading as UK Stocks Show Modest Gains Amid Global Tensions
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Donald Trump Extends Iran Ceasefire Indefinitely, But Strait of Hormuz Blockade Continues
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Buy or Sell Bitcoin in 2026 for Aussies: Record Highs Meet Regulatory Uncertainty
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5 Reasons Cochlear Share Price Crashed 39% Today: Earnings Miss and Guidance Cut Shock Investors
SYDNEY — Cochlear Limited shares plunged as much as 41% on Wednesday, trading as low as $101.60 after the world's largest cochlear implant maker reported disappointing first-half 2026 results, lowered full-year profit guidance and highlighted slower-than-expected adoption of its flagship Nucleus Nexa system.
Cochlear Share Price Crashes 39% to $101.60 After Dismal HY26 Results and Guidance Cut
SYDNEY — Cochlear Limited shares plunged as much as 41% on Wednesday, trading as low as $101.60 after the world's leading cochlear implant maker reported disappointing first-half 2026 results, lowered full-year profit guidance and highlighted slower-than-expected adoption of its new Nucleus Nexa system.
ASX 200 Drops 0.91% to 8,867.7 as Geopolitical Tensions and Oil Surge Weigh on Markets
SYDNEY — The S&P/ASX 200 index fell sharply on Wednesday, closing down 81.7 points or 0.91% at 8,867.7 as renewed concerns over the U.S.-Iran standoff in the Middle East and a surge in oil prices pressured energy and materials stocks while broader risk sentiment remained cautious.
Starbucks Stock Dips 1.6% in Midday Trading as Investors Await Q2 Earnings on April 28
NEW YORK — Starbucks Corp. shares slipped in midday trading Tuesday, falling 1.62% to $97.35 as investors grew cautious ahead of the coffee giant's fiscal second-quarter 2026 earnings report scheduled for April 28, with concerns over slowing same-store sales growth and ongoing challenges in China weighing on sentiment.
POSCO Holdings Stock Jumps 8% on Low-Carbon Project Approval and Technical Breakout
SEOUL, South Korea — POSCO Holdings Inc. shares surged more than 8% Tuesday on the Korea Exchange, closing at 421,500 won after gaining 32,000 won, as investors cheered approval for a major low-carbon iron plant in Western Australia and positive technical signals ahead of the company's upcoming first-quarter 2026 earnings and business plan presentation.
D.R. Horton Stock Surges 8% on Q2 Earnings Beat and Strong Sales Orders
ARLINGTON, Texas — D.R. Horton Inc. shares jumped sharply in morning trading Tuesday after the nation's largest homebuilder reported fiscal second-quarter 2026 results that exceeded earnings expectations and showed resilient demand through higher net sales orders, despite ongoing affordability challenges in the housing market.
Valmont Industries Stock Surges 14% After Strong Q1 Earnings and Raised 2026 Guidance
OMAHA, Neb. — Valmont Industries Inc. shares rocketed more than 13% in early trading Tuesday after the infrastructure and agriculture products maker posted stronger-than-expected first-quarter results and raised its full-year 2026 earnings guidance, highlighting robust demand in North American utility markets and effective pricing strategies.
GameStop Stock Edges Higher as Power Packs Digital Card Launch Gains Traction
NEW YORK — GameStop Corp. shares rose modestly in early trading Tuesday, climbing to $25.21 as the video game retailer continued to draw attention following its recent launch of Power Packs, a digital trading card platform that lets collectors buy packs to unlock real PSA-graded physical cards stored securely in a vault.
Avis Budget Group Stock Explodes 15% on Massive Short Squeeze Frenzy Amid Travel Demand
NEW YORK — Avis Budget Group Inc. shares continued their meteoric rise Tuesday, surging more than 15% in early trading to $700.51 as one of the most intense short squeezes in recent memory showed no signs of easing, with short interest exceeding 50% of the float and hedge funds scrambling to cover positions.
Tesla Stock Dips Slightly in Early Trading as Investors Brace for Crucial Q1 Earnings Report
NEW YORK — Tesla Inc. shares edged lower in morning trading Tuesday, dipping 0.42% to $390.86 as Wall Street positioned for the electric vehicle maker's first-quarter earnings report due after the bell on Wednesday, with focus squarely on robotaxi progress, capital spending plans and the outlook for autonomy amid slowing vehicle delivery growth.
Dow Jones Surges Past 49600 as Early Gains Signal Wall Street Resilience on April 21
NEW YORK — The Dow Jones Industrial Average climbed more than 210 points in early trading Tuesday, pushing the blue-chip index above 49,653 as investors brushed aside lingering Middle East tensions and focused on corporate earnings momentum and signs of diplomatic progress in U.S.-Iran talks.
China Suddenly Grants New Beef Licences to Eight Australian Facilities
CANBERRA, Australia — In a surprise move that could ease pressure on Australian beef exporters amid tightening quotas, China has granted export licences to eight new Australian meat facilities, including two abattoirs and six cold storage distribution centres, just months after imposing safeguard tariffs aimed at protecting its domestic cattle industry.
Oil Prices Ease to $94 as US-Iran Talks Offer Hope but Hormuz Risks Linger
World oil prices slipped modestly Tuesday amid tentative optimism over U.S.-Iran diplomatic efforts, with Brent crude hovering near $94.70 per barrel as traders weighed mixed signals from the Middle East against lingering threats to global energy supplies.
FTSE 100 Climbs to 10,623 as UK Stocks Edge Higher Amid Iran Ceasefire Hopes
LONDON — The FTSE 100 index rose modestly Tuesday, climbing 0.14% to 10,623.74 by mid-morning trading as cautious optimism over potential U.S.-Iran diplomatic progress helped steady investor nerves following weeks of geopolitical volatility in the Middle East.
Warren Buffett, 95, Remains Active Investor After Berkshire Handover as Successor Navigates Record Cash Pile
OMAHA, Neb. — Warren Buffett, the legendary investor who built Berkshire Hathaway Inc. into a trillion-dollar powerhouse over six decades, continues to wield influence at the conglomerate even after stepping down as CEO at the end of 2025.
ASX 200 Top Gainers Today: Vulcan Energy Leads 5 Stocks Surging Up to 6.5% Despite Flat Market Close
SYDNEY — The S&P/ASX 200 index closed slightly lower Tuesday, but a handful of standout stocks defied the broader market weakness, posting solid gains on the back of company-specific developments and sector tailwinds.
Australia Fuel Crisis Eases Slightly as Stocks Build to 46 Days of Petrol, but Diesel Pain Lingers for Farmers
SYDNEY — Australia's fuel crisis, triggered by disruptions from the ongoing Middle East conflict involving the United States, Israel and Iran, showed tentative signs of stabilization Tuesday as national petrol stockpiles climbed to 46 days of emergency supplies, yet diesel shortages continued to hammer rural communities, transport operators and food supply chains.
ASX 200 Edges Lower in Cautious Trade: Geopolitical Jitters Cap Gains as Index Closes at 8949.4
SYDNEY — The S&P/ASX 200 index closed fractionally lower Tuesday, shedding 3.9 points or 0.04 percent to finish at 8,949.4 as investors adopted a wait-and-see stance ahead of a critical Middle East ceasefire deadline and weighed mixed signals from commodity prices and domestic sectors.
King Charles Remembers Late Queen Elizabeth II on What Would Have Been Her 100th Birthday
King Charles III led the tributes to his mother, the late Queen Elizabeth II, on what would have been her 100th birthday if she was still around.
Chinese President Xi Jinping Makes Direct Comment on Strait of Hormuz
Chinese President Xi Jinping directly addressed the issue involving the Strait of Hormuz, urging the US and Iran to keep it open.
Hertz Stock Climbs 4% as Recovery Hopes Build: Is HTZ a High-Risk Gamble or Real Rebound Play?
NEW YORK — Hertz Global Holdings Inc. shares rose 4.44% in midday trading on April 20, 2026, climbing 33 cents to $7.76 as investors weighed early signs of operational improvement against persistent challenges in the car rental giant's path to sustainable profitability.
USA Rare Earth Stock Surges 8% on $2.8 Billion Serra Verde Acquisition Creating Global Rare Earth Powerhouse
NEW YORK — Shares of USA Rare Earth Inc. climbed more than 8% in early Monday trading on April 20, 2026, rising $1.60 to $21.55 after the company announced a major $2.8 billion deal to acquire Serra Verde Group, a move that instantly expands its access to producing mines and all four key magnetic rare earth elements while strengthening its position in the global supply chain.
Kaspi.kz ADR Jumps 7.88% as Strong Dividend Payout and Fintech Momentum Fuel Investor Optimism
NEW YORK — Shares of Kaspi.kz JSC surged more than 7% in early Monday trading on April 20, 2026, rising $6.69 to $91.60 as investors cheered the Kazakh fintech giant's recent approval of a substantial cash dividend and growing confidence in its super app ecosystem amid regional expansion.
TopBuild Stock Soars 16% on $17 Billion Takeover Deal by QXO in Building Products Mega-Merger
NEW YORK — TopBuild Corp. shares skyrocketed more than 16% in early Monday trading on April 20, 2026, surging $67.80 to $478.11 after the leading insulation and building products installer agreed to be acquired by QXO Inc. in a $17 billion cash-and-stock transaction that values the company at a substantial premium.
Nektar Therapeutics Stock Rockets 19% on Strong 52-Week Alopecia Areata Data for Lead Drug Candidate
NEW YORK — Shares of Nektar Therapeutics surged more than 19% in early Monday trading on April 20, 2026, climbing $16.58 to $101.44 as investors cheered positive 52-week topline results from the Phase 2b REZOLVE-AA clinical trial of the company's lead immunology candidate, rezpegaldesleukin, in patients with severe-to-very-severe alopecia areata.
Dow Jones Slips Near 49,428 as Renewed US-Iran Tensions Trigger Early Selling Pressure
NEW YORK — The Dow Jones Industrial Average edged lower in early Monday trading on April 20, 2026, dipping 12.22 points, or 0.025%, to 49,428.12 as investors weighed fresh geopolitical risks in the Middle East that sent oil prices climbing and stock futures lower.
Japan Issues Tsunami Warning Following Magnitude 7.5 Earthquake
A tsunami warning has been issued for certain parts of northern Japan following a magnitude 7.5 earthquake that hit the country.
Zip Co Shares Jump 7.73% to $2.51 as Buy Now Pay Later Giant Upgrades FY26 Guidance on Record Profit
SYDNEY — Zip Co Ltd shares climbed 7.73 percent to close at A$2.51 on Monday, extending gains for the Australian buy-now-pay-later provider after last week's strong third-quarter results and an upgraded full-year profit forecast that highlighted accelerating growth in its key U.S. market.
Global Oil Prices Surge Over 5% as Iran Recloses Strait of Hormuz, Sparking Fresh Energy Crisis Fears
World petrol prices jumped sharply Monday amid renewed tensions in the Strait of Hormuz, with Brent crude climbing more than 5% to trade near $95-96 per barrel as Iran reimposed restrictions on the vital shipping lane following a brief reopening, sending shockwaves through global energy markets and raising concerns about prolonged supply disruptions.
Strait of Hormuz Chaos Deepens as Iran Recloses Vital Oil Route After Brief Reopening Amid US Tensions
DUBAI, United Arab Emirates — Iran has reimposed restrictions on the Strait of Hormuz, shutting the critical waterway to most commercial shipping less than 24 hours after declaring it fully open, escalating a high-stakes maritime standoff with the United States that threatens global oil supplies and has already driven volatile swings in energy prices.
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