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Oil prices jump and Asian shares slip as US and Iran carry out airstrikes
Associated Press26d agobullish
Oil prices jump and Asian shares slip as US and Iran carry out airstrikes

Oil prices jumped and Asian shares were mostly lower Monday after the U.S. carried out airstrikes and Iran retaliated. The price of Brent crude, the international standard, gained 3.9% to $78.96 per barrel, while U.S. benchmark crude oil added 4% to $74.26 per barrel. Prices for both types of crude oil recently had slipped back to the levels they were at before the war with Iran began, after the two sides set an interim agreement on ending the conflict and ships resumed transporting oil through the Strait of Hormuz.

This is how rich SpaceX workers are after the IPO
TheStreet26d agoneutral
This is how rich SpaceX workers are after the IPO

Juan Hernandez, who now works as a welder at Jeff Bezos-owned rival Blue Origin, is one of more than 4,400 current and former SpaceX employees who became millionaires on paper when the company went public. When SpaceX hired Juan Hernandez as a welder in 2015, the company offered him $10,000 in ...

Midera Food Processing (MFP) Starts Life Alone With A Spin Off And Index Debut
Simply Wall St.28d agoneutral
Midera Food Processing (MFP) Starts Life Alone With A Spin Off And Index Debut

Midera Food Processing (NasdaqGS:MFP) has completed its spin off from The Middleby Corporation, becoming an independent, publicly traded company. The company now operates with its own executive leadership team and board of directors. Midera Food Processing has been added to several major stock indices, including the NASDAQ Composite and multiple Russell and S&P benchmarks. Midera Food Processing enters the market as a standalone food processing equipment company at a time when manufacturers...

Wall Street ends higher as investors turn to earnings season
Reuters Videos28d agoneutralVIDEO
Wall Street ends higher as investors turn to earnings season

<body><p>STORY: U.S. stocks closed higher on Friday, with the Dow gaining nearly three-tenths of a percent, the S&P 500 adding more than four-tenths of a percent to end just short of a record high, and the Nasdaq climbing nearly three-tenths of a percent.</p><p>The AI trade returned to the spotlight after South Korean memory chip maker SK Hynix ended almost 13% above its offer price at $168 in a blockbuster U.S. listing. The company raised over $26 billion on Thursday by selling American Depositary Receipts priced at $149 each.</p><p>U.S. stocks added to gains after President Donald Trump said that Iran had asked to continue talks and the U.S. had agreed, but that the June ceasefire was "over."</p><p>Ross Mayfield is investment strategist at Baird Private Wealth Management.</p><p>"Today I think markets are a little bit higher as it's evident once again that neither Iran nor the U.S. really want to re-engage in a hot war in the Middle East. This is going to be a volatile back and forth, who knows what will happen over the weekend. But I do think even a little bit of calm is helping markets, helping yields and oil pull back. And then this is kind of a calm before the storm. Not a lot going on today besides the SK Hynix debut. But next week - retail sales, CPI (Consumer Price Index), and the start of bank earnings. So a lot for investors to prep for, kind of a calm before the storm trading day."</p><p>Stocks on the move Friday included&nbsp;Meta Platforms, which jumped 6% to its highest level since April.</p><p>Shares of Moderna tumbled almost 11% in its worst day in over a year.</p><p>And shares of Delta Air Lines dropped more than 1.5%, even after the carrier forecast third-quarter profit above expectations.</p><p>Investors now look to quarterly earnings season, which kicks off next week.</p></body>