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prices have surged, with June delivery reaching $126.41 per barrel and June WTI at $110.31, following President Trump’s indication that the U.S. naval blockade on Iranian oil exports may continue for months.This situation is driving oil prices to their highest levels in over 4 years and significantly impacting the global energy market. The US Central Command has intercepted 42 commercial vessels attempting to breach the blockade, leaving 41 tankers with about 69 million barrels of oil stranded.Energy stocks like and are sharply rising as free cash flow projections improve with higher oil prices. The is also outperforming the broader .The…

Free NewsletterGet the hottest Fintech Singapore News once a month in your InboxWhen Dwaipayan Sadhu spoke to Fintech News Singapore last year, the Trust Bank CEO shared that said the bank was actively working towards profitability.@fintechnewsnetworkTrust Bank just announced that they are the first digital bank to be profitable in Singapore. Last year their CEO Dwai said Fintech News Network that they anticipate to be profitable this year. fintech digitalbanking #Banking♬ original sound – Fintech News Network – Fintech News NetworkThat target has now materialised.Trust Bank hit profitability in Singapore for the first time in March 2026, just over three…

A top Wall Street regulator is considering changes to a weekly report covering the position of traders just as prediction market exchanges and offshore venues start to offer more contracts in the oldest corner of the derivatives market.

Apple on Thursday evening reported a strong quarter to wrap up a busy week of megacap earnings. Clearly, CEO Tim Cook’s decision to announce his upcoming departure ahead of the release was a move to ensure that news would not overshadow the incredible results. Revenue in Apple’s fiscal 2026 second quarter ended March 31 increased 17% to $111.2 billion, well ahead of the $109.7 billion expected, according to LSEG. Earnings per share jumped 22% to $2.01, ahead of estimates of $1.95, according to LSEG. AAPL 1Y mountain Apple 1 year performance In fact, it was the best March quarter in…

Japan intervenes to counter currency weakness, sources say; yen surges

Ford signage at the New York International Auto Show in New York City on April 2, 2026.Danielle DeVries | CNBCDETROIT – Ford Motor raised its 2026 guidance on Wednesday after beating Wall Street’s first-quarter expectations and reporting a $1.3 billion tariff refund benefit after the U.S. Supreme Court ruled that some of President Donald Trump’s tariffs were illegal.Ford stock rose more than 6% in after-hours trading.Here’s how the company performed in the first quarter compared with average estimates compiled by LSEG:Earnings per share: 66 cents adjusted vs. 19 cents expectedAutomotive revenue: $39.82 billion vs. $38.82 billion expectedThe first-quarter results significantly…

FOMC holds as Powell decides to stay on – Central Banking Skip to main content End of drawer navigation content Outgoing chair to remain as governor, citing uncertainty over further potential criminal probes Jerome Powell has vowed to stay on as a member of the Federal Reserve board after his term as chair ends next month, citing what he regarded as the unresolved nature of the Department of Justice’s criminal investigations.Powell used the press conference following the Federal Open Market Committee’s rates decision today (April 29) to state that he would only leave the Fed board “when I think it’s…

The Prince Group allegedly ran at least 10 scam compounds and stole billions through pig butchering schemes targeting victims online. World Liberty Financial (WLFI), the crypto company co-owned by the Trump family, announced a partnership with a blockchain network called AB, less than a month after the US government sanctioned more than 140 people and entities tied to what it described as one of Asia’s largest criminal organizations. But according to the Wall Street Journal (WSJ), AB’s flagship resort project in East Timor involved three people sanctioned in that crackdown, raising questions about due diligence in Trump-linked crypto deals.…

The Dow Industrials fell for a fifth consecutive session on Wednesday as oil prices rose and kept stocks under pressure.

May NY world sugar #11 (SBK26) on Wednesday closed up +0.57 (+4.04%), and Aug London ICE white sugar #5 (SWQ26) closed up +11.90 (+2.75%).Sugar prices rallied sharply on Wednesday, with NY sugar posting a 3-week high and London sugar posting a 4-week high.  Strength in gasoline prices is supportive for sugar, as gasoline (RBM26) surged to a 3.75-year high on Wednesday, boosting ethanol prices and potentially persuading the world’s sugar mills to divert more cane crushing toward ethanol production rather than sugar, thus curbing sugar supplies.   Don’t Miss a Day: From crude oil to coffee, sign up free for…