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Global Markets- Page 6

hormuz-bypass-routes-show-the-gulf’s-limits

Hormuz Bypass Routes Show The Gulf’s Limits

The war involving Iran has exposed a hard truth about global energy trade: there is no easy substitute for the Strait of Hormuz. As shipping through the waterway has been disrupted, attention has turned to pipelines and other possible export routes across
May 5, 2026
laguardia-crash-kills-two-pilots-and-shuts-airport

LaGuardia crash kills two pilots and shuts airport

Collision with rescue vehicle triggers major disruption and safety scrutiny A late-night collision between an Air Canada Express regional jet and an airport rescue vehicle at New York’s LaGuardia Airport has left two pilots dead, dozens injured and one of the country’s
May 5, 2026
wall-street-cuts-losses-as-oil-pullback-eases-panic

Wall Street Cuts Losses as Oil Pullback Eases Panic

Stocks finish lower, but markets recover from deeper declines US stocks ended lower on Thursday, though the session closed far above its intraday lows as investors reassessed the latest developments in the war involving Iran and the implications for energy markets. Early
May 5, 2026
war-costs-reignite-debate-over-us-spending-priorities

War Costs Reignite Debate Over US Spending Priorities

Early Iran campaign outlay eclipses major science budgets The first week of the US military campaign against Iran has intensified a long-running argument over how Washington allocates public money. According to figures presented to lawmakers, the opening phase of the assault cost
May 5, 2026
xai-rebuild-deepens-after-co-founder-departures

Musk Rebuilds xAI After $1.25T SpaceX Deal

Investor focus sharpened on Musk’s AI ambitions after the SpaceX xAI merger valuation was set at $1.25 trillion and the founder said xAI “was not built right first time around” and is now being rebuilt from the ground up. Deal Structure Raises
May 5, 2026
toronto-food-bank-rice-shipment-hit-near-hormuz

Toronto Food Bank Rice Shipment Hit Near Hormuz

A shipment of rice bound for Toronto’s Daily Bread Food Bank was caught up in the Middle East conflict after a cargo vessel carrying the food bank’s containers was struck in the Strait of Hormuz, the organization’s chief executive said. Neil Hetherington,
May 5, 2026
nio-jumps-15%-after-first-quarterly-profit

Nio Jumps 15% After First Quarterly Profit

Shares Surge on Heavy Volume Nio shares rose sharply on Tuesday, closing at $5.70, up 15.38%, after the Chinese electric-vehicle maker reported what it described as its first-ever quarterly net profit and posted results above expectations for fiscal Q4 2025 (ended Dec.
May 5, 2026
uk-readies-hms-prince-of-wales-for-middle-east

UK Readies HMS Prince of Wales for Middle East

Carrier put on faster notice to move Britain has begun preparing the Royal Navy’s flagship aircraft carrier HMS Prince of Wales for a potential deployment to the Middle East, the Ministry of Defence said. The work is focused on reducing the time
May 5, 2026
iran-sets-three-day-farewell-for-khamenei-in-tehran

Iran sets three-day farewell for Khamenei in Tehran

Ceremony begins Wednesday night at Imam Khomeini prayer hall Iran will begin public farewell ceremonies for late Supreme Leader Ayatollah Ali Khamenei in Tehran late on Wednesday, according to a senior official speaking to state media. The announcement comes days after Iranian
May 5, 2026
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