3h ago
Iran war tightens Gulf energy flows as Brent rises 22% to $88 a barrel
The war involving Iran has disrupted Middle East energy supplies, lifting Brent crude about 22% since February 28 to $88 a barrel. ExxonMobil’s upstream earnings in H1 2026 fell by around $1.3bn year on year as Middle East output declined, while its Qatar LNG volumes are expected to drop to about four million tonnes from 13 million tonnes last year. ConocoPhillips’ Qatar LNG volumes are also expected to fall to one million tonnes from 2.5 million tonnes. Analysts said a recovery in suspended operations and production could support growth into 2027.
3h ago
14h ago
TPL Plastech sets Sept 22, 2026 AGM; seeks approval for ₹925 crore related-party deals
TPL Plastech said it will hold its annual general meeting on September 22, 2026 to consider, among other items, a final dividend of ₹1.30 per share. The company is seeking shareholder approval for related-party transactions with holding company Time Technoplast of up to ₹925 crore, as well as a cap of ₹260 crore for dealings with Avion Exim. In FY26, revenue rose 20.96% to ₹42,255.33 lakh and net profit increased 23.20% to ₹2,907.24 lakh.
14h ago
18h ago
Fed-watched inflation gauge holds at 3.7% in July as Chair Warsh flags possible rate hikes
A Commerce Department report showed the inflation measure closely watched by the Federal Reserve rose 3.7% in July from a year earlier, unchanged from June and well above the Fed’s 2% target. Federal Reserve Chair Kevin Warsh said inflation remains too high and suggested interest rates may need to rise in the coming months. U.S. gasoline prices climbed above $4 per gallon, while economic growth slowed to a 1.5% pace. Persistently high inflation continues to squeeze U.S. households.
18h ago
18h ago
Charles Schwab expands crypto push as $13 TRILLION firm rolls out spot and 24/7 futures trading
Charles Schwab, which oversees $13 TRILLION in assets, is accelerating its push into crypto through its Schwab Crypto offering. The platform has enabled direct Bitcoin and Ethereum trading and said it will list $SOL, avalanche2:native and $LINK. It has also launched 24/7 futures on Bitcoin, Ethereum, Solana and ripple:native, and pledged to support crypto transfers in and out of accounts. The firm is reportedly targeting a mid2027 launch of a service for financial advisors that could open $5.7 TRILLION in managed assets to crypto, and it says one-third of its new clients are Gen Z.
SOL
SOL+1.66%
18h ago
18h ago
SanDisk reports layoffs at Israel R&D sites as fiscal Q4 revenue jumps 372% to $8.97 billion
SanDisk has cut dozens of development roles at its Israel R&D centers while posting a sharp jump in fiscal Q4 revenue to $8.97 billion and data center revenue of $2.98 billion. The company said it expects as much as $10.8 billion in revenue this quarter and is targeting roughly 80% gross margins and mid-to-high-teens revenue growth through fiscal 2030. Shares have surged 2,809% over the past year, and the stock trades at 7.18 times forward earnings versus a sector average of 23.21 times.
18h ago