Author: Admin

Former US Energy Secretary Ernest Moniz speaks on Bloomberg TV about the risk of Iranian nuclear material being used for offensive purposes as the US continues its operations in Iran. (Source: Bloomberg)

Cotton futures are posting 30 to 40 point gains at Friday’s midday, with thing March down 81 points. Crude oil futures are up $1.58 per barrel on the day at $66.80. The US dollar index is down $0.135 at $97.605.Export Sales data from Thursday showed 8.75 million RB in cotton export commitments, down 9% from last year. That is 78% of USDA’s full marketing year export projection, behind the 91% average sales pace.  Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.   The Seam showed sales of 6,467 bales sold on…

A federal judge in Manhattan has refused Binance’s bid to move a long-running securities lawsuit into private arbitration, allowing a class action alleging the exchange sold unregistered digital tokens to US investors to continue in court. Key Takeaways: A US judge rejected Binance’s attempt to force arbitration, allowing a class action over alleged unregistered token sales to proceed in court. The court found users were not properly notified of the 2019 terms and the arbitration clause could not apply retroactively. The ruling moves the case closer to addressing whether some tokens listed on Binance qualify as securities under US law.…

Block shares surge after CEO Jack Dorsey announces layoffs tied to AI-driven restructuring, signaling fintech efficiency shift toward smaller, automation-led teams.    FinTech moves fast. News is everywhere, clarity isn’t. FinTech Weekly delivers the key stories and events in one place. Click Here to Subscribe to FinTech Weekly’s Newsletter Read by executives at JP Morgan, Coinbase, BlackRock, Klarna and more.     Investors reacted sharply to a major restructuring announcement at financial technology company Block, sending its shares higher in premarket trading after the firm said it would cut more than 4,000 jobs and reorganize around artificial intelligence capabilities. The…

The US-Israeli war on Iran has ignited fears that escalating military aggression in the Middle East could send oil prices soaring, push up prices at the pump and drive a global economic downturn.The US began “major combat operations” in Iran on Saturday morning, shortly after Israel launched a strike against Tehran. Within hours of the US-Israeli strikes, Iran’s Revolutionary Guards reportedly warned tankers in the strait of Hormuz that no ship would be allowed to pass through the world’s most critical oil trade route.Iran has not formally confirmed a block on the narrow waterway, which would be an unprecedented escalation…

Oil jumps as US-Iran conflict escalates, disrupts shipping

Rachel Reeves must reform the Office for Budget Responsibility (OBR) to open the way to more public investment, an alliance of thinktanks has argued ahead of the chancellor’s spring forecast on Tuesday.With Keir Starmer’s government under intense pressure after Labour’s defeat by the Greens in Thursday’s Gorton and Denton byelection, the thinktanks called on Reeves to review the watchdog’s remit.The coalition includes the Labour group Progress, usually considered on the right of the party, the leftwing thinktanks the New Economics Foundation (NEF) and Common Wealth, and the feminist Women’s Budget Group.They said: “It has become increasingly clear that our current…

Bloom Energy Corporation (NYSE:BE – Get Free Report) insider Aman Joshi sold 10,000 shares of the stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $175.60, for a total value of $1,756,000.00. Following the sale, the insider directly owned 210,465 shares of the company’s stock, valued at approximately $36,957,654. The trade was a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Aman Joshi also recently made the following trade(s): On Tuesday, February 17th,…

Bitcoin held near $66,000 on Sunday, March 1, after a weekend geopolitical shock tied to U.S. and Israeli strikes on Iran, setting up Monday’s U.S. reopen as the first major liquidity and spot ETF flow test of the rebound.The diplomatic alarm bell rang alongside the price rebound. At an emergency U.N. Security Council meeting, the Secretary-General warned that the escalation risked widening into a broader conflict, while the U.S., Israel, and Iran traded legal and moral accusations, a public signal that the crisis is not contained and that headline risk can stay elevated into the reopen.Bitcoin’s trading range stayed wide…

PEC+ agreed a modest oil output boost of 206,000 barrels per day on Sunday. The initial expectations were for no change but last week a leak said they were considering an additional 137K bpd. Ultimately, they decided on even more — likely due to the US strikes on Iran. The crude won’t be produced until April but Saudi Arabia last week said it was prepared to increase production in the event of a disruption.The eight OPEC+ members are Saudi Arabia, Russia, UAE, Kazakhstan, Kuwait, Algeria, Iraq and Oman.Eyes are fully fixed on the oil market today as we get ready…