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[ad_1] Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The price of cobalt jumped on Monday after the world’s biggest producer extended a ban on exports of the battery metal, in an effort to support the market following a sharp sell-off in recent years. The cobalt price, which has dropped by about 60 per cent in just over three years, rose almost 10 per cent on the Wuxi Stainless Steel Exchange after an announcement at the weekend by the Democratic Republic of Congo’s Strategic Mineral Substances Market Regulation and Control…

[ad_1] Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The potential risk to oil prices from tensions in the Middle East is well-recognised. But what about gas? On the face of it, the natural gas market does not look anything like as exposed as the oil market. A fifth of global oil consumption transits through the Strait of Hormuz, a narrow waterway bordered by Iran. While about a fifth of liquefied natural gas supplies — super-chilled fuel carried by tankers, chiefly from Qatar — also flows through the Strait, LNG…

[ad_1] Wall Street closely watched Tesla ‘s robotaxi launch in Texas over the weekend. The electric vehicle maker invited a select group to ride the autonomous cars around Austin on Sunday. The event is considered a major milestone as some have pointed to driverless cars as the future of the business, which they in turn say makes the stock worthy of lofty valuations. Tesla shares jumped nearly 10% in Monday morning trading as investors reacted to the event. The stock has now surged around 37% in the second quarter, though shares have still fallen more than 12% in 2025. TSLA…

[ad_1] The technology sector has been a primary driver of the U.S. stock market’s rally in recent years, propelled by optimism surrounding artificial intelligence (AI) and semiconductor demand. However, several technical indicators now suggest overbought conditions, signaling potential risks to the rally. Is it time once again to initiate some hedging strategies? Are technology stocks overbought? Technology stocks, particularly megacap firms such as Nvidia , Broadcom and Microsoft , have driven market gains in 2025. The Technology Select Sector SPDR Fund (XLK) rose 9% in May, outpacing broader indices. In the second quarter, XLK is up nearly 17%, while the…

[ad_1] JPMorgan selected Penn Entertainment as a top pick in the gaming sector. Analyst Daniel Politzer initiated research coverage of the gambling stock with an overweight rating and a $24 price target that suggests the regional casino operator can climb 41% from Friday’s closing price. “PENN is appealing for capital allocation (buying back ~14% of market cap over next 6 months) and growth prospects (via new land-based casino projects/openings),” Politzer said in a note to clients. Politzer said the company has an attractive path to future profits. Its $1 billion worth of new projects set to open over the next…

[ad_1] 2025-06-23T14:00:01Z Share Facebook Email X LinkedIn Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Business Insider is putting together a power list of the young talent on Wall Street. We want to spotlight the standouts in investment banking, investing as well as sales and trading.  Please submit your ideas here by August 8th.  We’re seeking nominations for Business Insider’s list of rising stars on Wall Street,…

[ad_1] Investors were bracing for a wild day of trading on Monday after the US bombed Iran on Sunday, but world markets are surprisingly calm.As of 9:45 a.m. ET, the main US stock indexes, benchmark 10-year Treasury yield, and gold are nearly flat. Crude oil prices are marginally lower, the US Dollar Index is 0.5% higher, and bitcoin has erased its dip to below $99,000 to trade at about $102,200. European stock markets are down, but not by very much.”The markets are not yet reacting with any degree of panic to the US airstrike on Iran’s nuclear facilities as they…

[ad_1] Google’s adding a slew of AI features to its productivity-focused Chromebook Plus line of devices, including a screen-selection tool for search and text capture, a tool that explains complex text, and NotebookLM. The new screen-selection tool works similarly to Google Lens and the “Circle to search” feature in Chrome on smartphones: long-press the launcher button or use the screenshot tool to select what is on your screen, and Google will instantly search for it. The tool also lets you select text and quickly add an event to the calendar. Image Credits:Google Last year, Google added a new “quick insert”…

[ad_1] Updated 2025-06-23T12:45:02Z Share Facebook Email X LinkedIn Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. “The Gilded Age” returned to HBO on Sunday. While Oheka Castle was built a couple of decades later, it wouldn’t be out of place on the show. It’s the second-largest private home in the US, and inspired “The Great Gatsby.” If you’ve ever read or seen “The Great Gatsby,” you…

[ad_1] Mines across one of the world’s most strategically important waterways. Western-made missiles scuttling oil tankers that braved the journey. The US on the brink of a direct war with Iran.So went the “tanker war” of the 1980s, when Iranian and Iraqi sieges of the 33km-wide Strait of Hormuz — one of the most vulnerable parts of the global economy — turned oil shipments into floating targets. As the world braces for Iran’s potential retaliation to US air strikes, many fear escalation could lead to Tehran once again targeting the strait, a chokepoint through which a quarter of the world’s…