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Surging record-high US stocks to wade deeper into earnings season

By Lewis Krauskopf NEW YORK, April 17 (Reuters) - Investors will look to a heavy week of U.S. corporate results to further fuel a stunning rebound in the U.S. stock market, which has shaken off war-related concerns to reach record peaks. Hopes for a cooling of ...
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Oil prices and stocks climb as the US-Iran standoff keeps the Strait of Hormuz in limbo

Oil prices climbed more than 5% while Asian shares also advanced Monday as a standoff between Iran and the U.S. prevented tankers from using the Strait of Hormuz. The Persian Gulf waterway was closed again after Iran reversed a decision to reopen the strait ...
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QXO strikes $17 billion deal to acquire building products distributor and installer TopBuild

By Mihika Sharma and Gursimran Mehar April 19 (Reuters) - U.S. construction supplies distributor QXO struck a $17 billion deal on Sunday to acquire building products distributor and installer TopBuild, adding to a wave of acquisitions by the company led by billionaire dealmaker ...
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The Media Line: Turkey, Syria, and Jordan Advance Rail Network Linking Gulf to Europe  

Turkey, Syria, and Jordan Advance Rail Network Linking Gulf to Europe Rizik Alabi/ The Media Line Staff [DAMASCUS] Turkey, Syria, and Jordan have announced a trilateral agreement to develop a regional rail corridor linking Europe to the Gulf, marking one of the ...
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Eli Lilly in advanced talks to acquire Kelonia Therapeutics for over $2 billion, WSJ says

April 19 (Reuters) - Eli Lilly is in advanced talks to acquire Kelonia Therapeutics for more than $2 billion, the Wall Street Journal reported on Sunday. Reuters could not immediately verify the report. (Reporting by Mihika Sharma in Bengaluru; Editing by Lisa Shumaker) Brought ...
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US energy chief says gas prices could stay above $3 per gallon until next year 

By Leah Douglas WASHINGTON, April 19 (Reuters) - U.S. Energy Secretary Chris Wright said on Sunday he believes gas prices have peaked but predicted that they may stay above $3 per gallon until next year. Gas prices have risen during the U.S. and Israeli war on ...
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Bank creditors for Brazil’s Raizen make restructuring proposal, Bloomberg reports

April 19 (Reuters) - Brazilian fuel and sugar giant Raizen's bank creditors have presented the company with a new restructuring proposal, Bloomberg News reported on Sunday. As part of the plan, creditors are proposing that 30% of the proceeds from the sale of ...
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‘Lee Cronin’s The Mummy’ is no match for ‘Super Mario’ or ‘Hail Mary’ at the box office

"The Super Mario Galaxy Movie" and "Project Hail Mary" dominated the North American box office again this weekend, leaving "Lee Cronin's The Mummy" in third place for its debut. The Mario sequel has spent all of its first three weekends in the first place ...
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IMF, World Bank meetings show limits in mitigating shocks, reliance on US for solutions

By Andrea Shalal, David Lawder and Libby George WASHINGTON, April 19 (Reuters) - Global finance leaders, whipsawed by Middle East war news, came to grips this past week with their inability to mitigate the economic damage from increasingly frequent geopolitical shocks, and a realization that ...
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Analysis-Investors pile into US stocks as ‘TINA’ revival knocks ‘TIARA’ trades

By Amanda Cooper and Samuel Indyk LONDON, April 19 (Reuters) - The U.S.-Iran ceasefire in early April appears to have revived so-called TINA ("There Is No Alternative") trades, driven by peace hopes, soaring U.S. earnings growth and the relative insulation of the world's biggest economy ...
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Iran doubles down on closing the Strait of Hormuz as the ceasefire nears expiration

CAIRO (AP) - Iran doubled down on its pledge to restrict ships passing through the Strait of Hormuz as long as the U.S. blockade of Iranian ports remains in place, as mediators scrambled to extend the ceasefire set to expire on Wednesday. The dueling blockades ...
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The Latest: Standoff escalates after Iran closes Strait of Hormuz over US blockade

Iran reversed its decision to reopen the Strait of Hormuz and warned that it would continue to block transit through the strait as long as the U.S. blockade of Iranian ports remained in effect. The escalating standoff over the critical choke point threatened to deepen ...
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