Latest news with #Stocks
News18
13-06-2025
- Business
- News18
GE Shipping, SCI Rally Up to 13% As Israel-Iran Tensions Fuel Tanker Rate Surge Hopes
Last Updated: Shares of shipping companies surged on Friday amid escalating geopolitical tensions in the Middle East Defence Stocks Rally: Shares of shipping companies surged on Friday amid escalating geopolitical tensions in the Middle East, as investors bet on a spike in tanker and container freight rates following Israel's military strike on Iran. The Shipping Corporation of India (SCI) jumped as much as 13.3% to ₹233.80 on the BSE, while Great Eastern Shipping Company (GE Shipping) climbed 7.7% to ₹1,049.70. The rally comes as markets brace for potential supply chain disruptions and rising transport premiums across critical oil shipping routes. Investor sentiment was rattled after Israel launched a large-scale offensive targeting Iranian nuclear and military infrastructure. Reports indicated explosions at Iran's Natanz uranium enrichment facility, with the country's Revolutionary Guards confirming the death of top commander Hossein Salami. In response, Israel declared a national emergency, anticipating retaliatory missile and drone attacks. The geopolitical escalation sent shockwaves through global financial markets. Crude oil surged nearly 9%, with Brent futures spiking $6 to $75.36 per barrel, while WTI rose $6.16 to $74.20. Gold also advanced 1.5% to $3,434 per ounce, approaching its all-time high of $3,500.05, as investors rushed to safe-haven assets. Asian equities slumped and U.S. futures also declined sharply. The Middle East, especially the Strait of Hormuz, remains a critical chokepoint for global oil shipments. While fears of a major disruption spooked traders, JPMorgan sought to downplay the risk of Iran closing the strait, calling it a 'low-risk event." Still, the anticipation of higher war premiums and insurance costs on oil shipments has led to renewed interest in shipping stocks. With freight costs poised to rise, stocks like SCI and GE Shipping could benefit from improved earnings potential, analysts said. First Published: June 13, 2025, 13:43 IST
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Business Standard
07-06-2025
- Business
- Business Standard
How a Trump staffer's quiet revenge may have triggered the Musk fallout
A senior White House official has found himself at the heart of the public fallout between US President Donald Trump and tech billionaire Elon Musk. According to a report by the New York Post, simmering tensions, personal vendettas, and behind-the-scenes maneuvering triggered the dramatic rift between the two influential figures. Sergio Gor, director of Presidential Personnel in the Trump administration, has been identified as the key figure behind Trump's abrupt move to withdraw the nomination of Jared Isaacman—Musk's close friend—for the post of Nasa administrator. The decision reportedly came just hours after Musk exited the Oval Office, and according to sources cited by New York Post, it was no coincidence. The March 6 flashpoint Tensions between Gor and Musk had reportedly been brewing since before Trump officially resumed office in January. But it was the March 6 Cabinet meeting that proved to be the tipping point. 'Elon was always telling the president 'Sergio's not moving fast enough to hire people. He's not the right guy for the job.' In front of the entire Cabinet, he said that,' one source told the New York Post. Following the incident, sources say Trump began showing clear signs of displeasure toward Gor. 'It wasn't just about humiliation,' the source said. 'It was the way the president began giving him the 'Why aren't you doing your f***ing job?' look.' 'Elon was his obsession' What followed, according to sources, was a quiet campaign of retribution. Gor allegedly told colleagues that he was going to take 'one last shot' at Musk before his own White House exit. 'He was bragging to other people that he was going to get one last shot at Elon out the door,' said a source. 'He was going to get Elon back for making him look bad.' Sources also claimed that Gor would monitor Tesla's stock performance obsessively, taking delight in any decline. 'He would pull up the Stocks app on his phone, show the dip in Tesla shares, and send screenshots with laughing emojis,' a source said. 'Elon was, like, his obsession," the source added. Gor is even said to have mocked a moment when Trump publicly bought a Tesla from Musk outside the White House—implying that the Tesla CEO was seeking presidential support to stabilise his company's dipping stock. Sergio Gor denies allegations Gor, however, has categorically denied that his actions were driven by personal animosity. Bannon dismisses Gor's role Trump ally Steve Bannon also pushed back against claims that Gor instigated the Trump-Musk clash. According to Bannon, the tensions had been building over deeper issues, including disagreements on tariffs and security protocols. 'This is between the president and Elon,' Bannon told the New York Post. 'This has nothing to do with Sergio Gor. Sergio Gor is a staffer that the president has to do things.'
Yahoo
07-06-2025
- Business
- Yahoo
These are the 5 most popular Stocks and Shares ISA investments right now!
Investing in a Stocks and Shares ISA continues to be one of the best tax-efficient ways for UK investors to build wealth. But a recurring challenge is deciding which companies to buy shares in. Fortunately, with insights from Hargreaves Lansdown, we can see exactly which stocks are proving to be the most popular. And right now, the top five are: Nvidia Rolls-Royce Holdings Tesla MicroStrategy Glencore (LSE:GLEN) Given these stocks must be popular for a good reason, should investors simply be following the crowd and snapping up shares themselves? Of course not! In the stock market, popularity rarely results in market-beating returns. This is largely because by the time a stock has become popular, most of the unrealised gains have already been baked into the share price. However, that doesn't mean these are necessarily bad businesses. Blindly following the fact is likely going to end in disappointment. However, researching further could reveal interesting opportunities for the future once the hype dies down and a potentially more attractive price emerges. Let's zoom in on Glencore. The mining giant has had quite a rough ride lately, with its share price tumbling by over 40% in the last 12 months. However since April, the stock has finally started slowly moving back in the right direction. This change in attitude comes on the back of the group's first-quarter production report for 2025. While copper production levels have kicked off slowly, management expects this to improve drastically throughout the rest of the year. At the same time, cobalt production – a critical ingredient for lithium-ion batteries – has surged by 44%. And thanks to the group's 2024 Elk Valley Resources acquisition, steelmaking coal production skyrocketed by almost 500%! These gains are being offset by lower production volumes of gold, silver, nickel and, as previously mentioned, copper. However, despite these headwinds, management's reiterated its full-year guidance. Glencore produces critical metals and materials for high-demand technologies such as electric vehicles, data centres, industrial infrastructure, and renewable energy. And this reassertion of targets, along with the stock's low price point, seems to have sparked some early recovery excitement from investors. So much so that analyst consensus is currently projecting a potential 40% share price gain over the next 12 months. However, while this may indeed be a valuable opportunity. There are still some notable risks that investors must consider beyond commodity price fluctuations. ESG investors are hardly fond of management's move to bolster its coal mining operations in the takeover of Elk Valley Resources, opening the door to reputational risk. At the same time, China remains one of Glencore's key customer markets. Should the tariff dispute between the US and China continue, a resulting economic slowdown (particularly in electronics) could adversely impact Glencore's revenue and earnings. The latter risk seems to be the biggest threat right now, in my opinion. And while investing early during a recovery story can be lucrative, it's possible we haven't seen the bottom yet. Therefore, while international trade disputes between the US and China continue, this isn't a stock I'm rushing to add to my Stocks and Shares ISA, even though it's seemingly a popular investment right now. As for the other businesses on this list, research and due diligence are critical to understanding both the risks and potential rewards. The post These are the 5 most popular Stocks and Shares ISA investments right now! appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool Zaven Boyrazian has no position in any of the shares mentioned. The Motley Fool UK has recommended Nvidia, Rolls-Royce Plc, and Tesla. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025
Bloomberg
22-05-2025
- Business
- Bloomberg
Gold Gains as Weak Bond Auction Highlights US Fiscal Concerns
Gold strengthened for a fourth day, as investors pushed back against US President Donald Trump's tax-cut plan and growing fiscal deficit by driving long-range US Treasury yields to near a two-decade high. Bullion edged higher in early Asian trading to about $3,325 an ounce. Haven appetite has been bolstered amid the risk-off mood for stocks, which has also sparked declines in the US dollar.
West Australian
20-05-2025
- Business
- West Australian
Biannual MARKYT community scorecard reveals City of Albany as sixth-best performing regional LGA
A scorecard filled out by City of Albany residents has revealed that despite a dire housing situation, the city is the sixth-best-performing regional local government. Conducted every two years, the MARKYT community scorecard report benchmarks the city's performance against other WA local governments and informs the review of the city's strategic community plan. The report released last Wednesday revealed a score of 68/100 in overall performance and 81/100 as a place to live. Both scores are above the industry averages of 63 and 74 respectively, and an increase from the 2023 survey results. Albany placed sixth in overall performance out of 32 regional LGAs, and 15th overall. Particularly high-scoring amenities included library and sporting/recreation facilities and services, as well as community engagement, tourism offerings, community buildings and marine facilities. City of Albany mayor Greg Stocks said he was pleased to see the city staff's hard work reflected in the results. 'Albany continues to shine as a place to live, work and visit,' he said. 'Not only did we see solid performance across most services, but nearly all of them rated at or above the industry average when benchmarked against councils across the State. 'Our library services, sport and recreation facilities, and destination marketing were all stand-out performers, and we saw positive gains in areas like community engagement, communication and local roads. 'We're incredibly grateful to the more than 2500 people who took the time to share their thoughts, as this feedback helps build the foundation of our strategic plans and ensures we stay focused on what matters most to our community.' The scorecard was open from March 10-28, 2025 and was the best answered in terms of numbers, with a record 2524 people filling out the form. Housing stood out as a clear area for improvement, rating 'weak and declining'. Actions recommended by the community to solve the crisis included lobbying the State and Federal governments to increase supply, repurposing existing buildings, simplifying planning approvals and increasing social and crisis accommodation. Health services also performed low, with residents asking for increased hospital capacity, mental health and rehabilitation support, more aged care facilities and the installation of a hydrotherapy pool. Other priority areas outlined included building more footpaths, trails and cycleways, improving local roads and bridges, and boosting economic development and job creation. 'Community expectations are clear — housing, healthcare access, economic development, local roads and footpaths are key priorities,' Mr Stocks said. 'These are issues affecting regional communities across Australia, and we'll continue to advocate strongly alongside our partners in government.' Results from the 2021 scorecard revealed Albany to be the best-performing regional local government in the State with a score of 75/100, before the 2023 survey saw a drop to 66/100, still two points above the average of 64. The results will feed directly into the city's review of its strategic community plan and help shape future budget decisions and advocacy efforts.
