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Latest Stock Market Updates

Global Oil Supply Collapses as Wall Street Warns of Price Explosion

Key Points: The global oil market lost 13.7 million barrels of daily supply due to the ongoing conflict in Iran. Desperate nations drained 7.1 million barrels per day from strategic storage tanks throughout April to manage prices. Physical oil costs reached extreme levels in Asia, with buyers in Sri Lanka paying $286 per barrel. Analysts at Citi warn that Brent crude futures could hit $150...

Qualcomm Stock Surges 13% as OpenAI Smartphone Rumors Emerge

Key Points: Qualcomm shares jumped 13% following reports of a new partnership with OpenAI to build a smartphone processor. Tech analyst Ming-Chi Kuo expects the artificial intelligence device to enter mass production by 2028. OpenAI purchased Jony Ive's hardware startup for $6.5 billion last May to lead the design efforts. Apple and Samsung currently control about 40% of the global smartphone market and present stiff...

Bank of America Highlights 67 Stocks Powering the Artificial Intelligence Boom

Key Points: Bank of America created a financial screen featuring 67 stocks with a combined market capitalization of $5.5 trillion. The list focuses on companies providing power, water, and metals for new artificial intelligence data centers. Ten specific materials and mining companies highlight the massive need for copper, aluminum, and steel. Uranium and lithium producers made the list because technology companies desperately need reliable power...