News

Colgate-Palmolive recorded higher sales in the second quarter, despite a choppy consumer environment.

Black Monday wiped out 22% of the market in a single day, and most investors never saw it coming. A small group of companies not only survived that crash and every major meltdown since, but kept sending bigger checks to shareholders each time the panic peaked.

Investing.com -- U.S. Treasury Secretary Scott Bessent said Tuesday that China has reduced its crude oil purchases by approximately 40% in recent months, a decline he said is significantly reducing Iran's oil revenues.

Investing.com -- Ship traffic through the Strait of Hormuz fell sharply over the past week following Iranian attacks on commercial vessels and renewed fighting between Washington and Tehran.

Investing.com -- J.P. Morgan reduced its price outlook for Brent crude oil in the second half of 2026 on Wednesday, citing weaker commercial inventory withdrawals and softer oil demand than previously anticipated.

Investing.com -- OPEC crude production fell in May to its lowest level in at least 37 years as a US blockade of Iran and disruptions in the Persian Gulf continued to limit output, according to a Bloomberg survey released Friday.

Investing.com -- The European Union has put forward a proposal for its Aspides naval mission to assume "the primary role" in clearing mines in the Strait of Hormuz "when conditions allow" as part of a Franco-British-led initiative, according to a Reuters report Wednesday citing an internal document dated May 26.

While Colgate-Palmolive stock has trailed behind the Dow Jones Industrial Average over the past year, analysts remain reasonably upbeat about its future outlook.

While Procter & Gamble has notably underperformed the S&P 500 recently, analysts remain moderately optimistic about the stock’s prospects.

Inbesting.com -- Canada’s annual inflation rate accelerated less than anticipated in April as underlying price pressures showed signs of cooling. According to data from Statistics Canada, the consumer price index rose 2.8% from a year earlier, marking its fastest pace since May 2024 but falling short of the 3.1% rate economists surveyed by Bloomberg expected. Higher energy prices, particularly for gasoline, served as the primary driver behind the acceleration in the headline figure. Geopolitical

Investing.com - The head of Belgian tanker firm CMB.Tech said on Tuesday that uncertainty remains over whether reopening the Strait of Hormuz would cause freight rates to rise or fall, despite the current boom in the tanker market.

Investing.com -- A major liquidation event targeting long orders flushed massive leverage across the digital asset market overnight, forcing Bitcoin down near the $78,000 mark. The world’s leading crypto was trading at $78,030.1 as of 05:51 ET (09:51 GMT).

Investing.com -- Venezuela announced Wednesday that it has started a comprehensive process to restructure its sovereign and state oil company debt, following the lifting of U.S. sanctions earlier this year.

PG's U.S. Baby Care slump remains a weak spot, but strong global growth and targeted investments suggest it is a fixable issue, not a long-term drag.

PG slides 9% in three months as inflation, margin pressure and weak guidance weigh on sentiment despite broad-based sales growth.

Investing.com -- OPEC crude production dropped by 830,000 barrels per day in April to 20.04 million bpd, marking the lowest output in more than 20 years.