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Latest Stock Market Updates

Wall Street Slips as Trump Extends Iran Blockade and Tech Earnings Loom

Key Points: Wall Street dipped slightly as investors navigated rising tensions with Iran and prepared for massive technology earnings. Experts expect the Federal Reserve to hold interest rates steady at 3.50%-3.75% at Jerome Powell's final meeting as chair. Alphabet, Amazon, Meta, and Microsoft plan to release earnings reports with a heavy focus on their artificial intelligence spending. President Donald Trump ordered an extended naval blockade...

Goldman Sachs Raises Inflation Forecasts as Iran War Keeps Oil Prices High

Key Points: Goldman Sachs raised its core inflation estimate to 2.6% for the end of the year due to high oil prices. The ongoing closure of the Strait of Hormuz continues to disrupt one-fifth of the global crude oil supply. Analysts predict Brent crude will average $100 per barrel this spring before falling to $90 by the fourth quarter. President Donald Trump rejected a recent...

TSMC Sells Remaining Stake in Arm Holdings for $231 Million

Key Points: TSMC sold its final 1.11 million shares in Arm Holdings for a total of $231 million in cash. The chipmaker finalized the stock sale between April 28 and April 29 at $207.65 per share. TSMC originally invested $100 million in Arm's initial public offering in 2023 at $51 per share. Arm shares fell 7.98% on Tuesday during regular trading hours. Taiwan Semiconductor Manufacturing...