Oil Soars as Israeli Strike on Iran Sparks Fears of Supply Disruptions
Oil futures gained more than $4 a barrel after Israel's attack on Iran, stoking fears of a regional conflict that could disrupt global energy flows.
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Business Insider
36 minutes ago
- Business Insider
Stock Market News Review: SPY, QQQ Drop amid Israel-Iran Escalation, VIX Surge
Both the S&P 500 (SPX) and the Nasdaq 100 (NDX) closed the Friday trading session down by over 1% as the Israel-Iran conflict has escalated with Iran striking back at Israel. Rising geopolitical uncertainty benefits the Volatility Index (VIX), which finished with a sharp 19.7% jump. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter This morning, President Trump said that Israel's attack on Iran could actually benefit the market. 'I think ultimately, it would be great for the market because Iran will not have a nuclear weapon,' said Trump in an interview with the Wall Street Journal. 'It will be great for the market —should be the greatest thing ever for the market. Iran won't have a nuclear weapon that was a great threat to humanity.' On Truth Social, Trump urged Iran to sign a deal that would end its nuclear program. Crude oil futures jumped by about 7% today as the conflict threatens disruptions to the Strait of Hormuz, which acts as a passage for nearly 20% of global oil shipments. To increase domestic production, Trump wants U.S. oil refiners to blend an all-time high of 24.02 billion gallons of biofuel into conventional fuels in 2026. Biofuels are an alternative to fossil fuels that are created from organic matter, like algae and crops. Meanwhile, consumer sentiment is on the rise, erasing six months of consecutive drops. The University of Michigan's preliminary June Index of Consumer Sentiment tallied in at 60.5, beating the estimate for 53.5 and rising from 52.2 in May. Year-ahead and long-run inflation expectations also fell. Still, consumers remain worried about the stock market, the labor market, and business conditions, with confidence levels in these areas well below where they were six months ago. On the trade front, UK Prime Minister Keir Starmer said that the U.S. and UK have made progress in reaching a final trade deal, saying 'There's nothing unexpected in the implementation, and so we haven't got any hiccups or obstacles.' The S&P 500 ended the week with a 0.41% loss while the Nasdaq 100 fell by 0.57%.
Yahoo
an hour ago
- Yahoo
Momentum stocks that helped drive the market's epic recovery are stalling. Get ready for a ‘buyable' pullback.
After helping to power the U.S. stock market's historic recovery from April's tariff-induced selloff, many of the momentum names popular with individual investors are showing signs of exhaustion. That means investors should approach with caution over the coming weeks. Because another opportunity to buy the dip might lie ahead, according to Jonathan Krinsky, a technical analyst at BTIG. My husband is in hospice care. Friends say his children are lining up for his money. What can I do? These defense stocks offer the best growth prospects, as the Israel-Iran conflict fuels new interest in the sector Walmart's stock looks like it's in trouble. What the chart says may come next. Why bonds aren't acting like a safe haven for investors amid the Israel-Iran conflict My mother-in-law thought the world's richest man needed Apple gift cards. How on Earth could she fall for this scam? 'While it's still too early to say we are getting a more widespread pullback, we are starting to see some early cracks in certain high-beta momentum names today, with many leadership stocks working on potential downside reversals,' Krinsky said in commentary shared with MarketWatch on Thursday. As Krinsky pointed out, Goldman Sachs Group's long-only basket of high-beta momentum stocks appears to have stalled out just shy of its year-to-date peak from February. He identified seven momentum stocks that look particularly vulnerable: GE Aerospace GE, Robinhood Markets Inc., HOOD Lemonade Inc. LMND, Netflix Inc. NFLX, Tesla Inc. TSLA, Twilio Inc. TWLO and Upstart Holdings Inc. UPST. To be sure, only three of these stocks — GE, Tesla and Netflix — are components of the S&P 500. Even if they encounter some near-term turbulence, all of those stocks remain in strong uptrends, Krinsky said. That means any pullbacks would likely prove to be another 'buyable' opportunity. 'To be clear, most of these are in strong primary uptrends, so pullbacks are ultimately buyable,' Krinsky said. 'Tactically, however, we would be cautious of many of these names over the next couple of weeks, especially heading into quarter-end, when big rebalances often take place.' Since skittering to the brink of bear-market territory in early April after President Donald Trump unveiled his 'liberation day' tariff plans, the S&P 500 SPX has staged what could ultimately prove to be its fastest-ever recovery back toward record highs, according to Dow Jones Market Data. The speed of the move has taken many on Wall Street by surprise. By the time Trump announced a 90-day pause on many of the tariffs on April 9, the index had fallen by 18.9% from its February record high to its closing low on April 8. Since then, all seven of the momentum stocks cited by Krinsky have tallied huge gains, with Robinhood up more than 115%, while Lemonade has gained nearly 70%. Even Netflix, the worst performer in the group, has risen by roughly 40%, FactSet data showed. The S&P 500, meanwhile, has risen by 21.3%. Data from several Wall Street banks show retail investors helped power the market's recovery in April, while their professional peers remained much more cautious. The index was still about 1.7 percentage points shy of its Feb. 19 record as of Thursday's close, although it tallied its highest finish since Feb. 20, according to Dow Jones data. U.S. stocks finished higher on Thursday, with the S&P 500, Nasdaq Composite COMP and Dow Jones Industrial Average DJIA all closing in the green. 'He failed in his fiduciary duty': My brother liquidated our mother's 401(k) for her nursing home. He claimed the rest. Gundlach says gold is no longer for lunatics as the bond king says wait to buy the 30-year 'I am getting very frustrated': My mother's adviser has not returned my calls. He manages $1 million. Is this normal? I'm in my 80s and have 2 kids. How do I choose between them to be my executor? 'It might be another Apple or Microsoft': My wife invested $100K in one stock and it exploded 1,500%. Do we sell?
Geek Girl Authority
an hour ago
- Geek Girl Authority
The Legal Gray Zone of Online Casinos – Why Some Sites Operate Without Licenses
Online gambling is a booming industry, but not all casinos operate within the boundaries of strict regulations. While many well-known platforms hold licenses from respected authorities, a significant portion of the market consists of unregulated or offshore casinos. These sites operate without proper licensing, often targeting players from regions where online gambling laws are unclear or restrictive. Unlike licensed casinos that adhere to strict compliance measures, unregulated platforms exist in a legal gray area, making them both appealing and risky for players. The absence of a license allows these casinos to offer fewer restrictions, bigger bonuses, and more flexible payment options, including cryptocurrency transactions. Get a no deposit bonus for live dealer games is one of the many promotions that unregulated casinos use to attract new players. Why Casinos Choose to Operate Without a License Running an unlicensed online casino may seem risky, but for some operators, the advantages outweigh the potential downsides. Licensing requirements can be costly and time-consuming, with regulators enforcing strict guidelines on responsible gambling, financial transparency, and fair gaming practices. Many operators choose to bypass these regulations to avoid expensive licensing fees, taxation, and compliance costs. Additionally, jurisdictions with restrictive gambling laws prevent operators from offering their services in certain regions, limiting their potential customer base. By operating without a license, casinos can access restricted markets, allowing players to gamble in countries where online betting is heavily regulated or even banned. This flexibility enables them to attract a global audience without the constraints faced by licensed operators. Another significant advantage is the ability to offer alternative payment methods. Why some operators choose to remain unlicensed: Lower operational costs: Avoiding licensing fees and tax obligations allows unregulated casinos to maximize profits and offer higher bonuses. Access to restricted markets: Some regions impose strict gambling laws, but unlicensed casinos can still reach players in these areas. Greater payment flexibility: Licensed casinos follow financial regulations that restrict certain payment methods, while unlicensed platforms freely accept cryptocurrencies and other alternative payment options. Despite these advantages, operating without a license comes with considerable risks. Regulatory bodies continually crack down on unlicensed casinos, and players are becoming more aware of the dangers associated with gambling on unregulated platforms. While the lack of oversight provides certain business benefits, it also raises concerns about credibility, security, and long-term sustainability. The Risks of Playing on Unlicensed Gambling Sites Unregulated casinos may seem appealing due to their fewer restrictions and generous promotions, but they come with significant risks. One of the biggest concerns is the absence of player protection. Licensed casinos must comply with strict regulations on fair play, security, and responsible gambling, while unlicensed sites operate without oversight. This creates opportunities for unfair practices such as game manipulation, payout delays, and withheld withdrawals. Fraud is another serious issue, with some rogue operators shutting down unexpectedly and disappearing with players' funds. Key risks of unregulated casinos: Lack of accountability: Without licensing, these platforms are not required to ensure fair play or protect customer data. Players have no guarantee that games are not rigged or that payouts will be processed. No legal recourse: If disputes arise, players have no official authority to turn to. Licensed casinos must answer to regulators, but unregulated ones operate beyond legal reach. Financial uncertainties: Many banks and payment providers refuse to process transactions linked to unlicensed gambling sites, leading to potential issues with deposits and withdrawals. Beyond these risks, players must consider the long-term consequences of engaging with unregulated platforms. While they may offer high bonuses and more flexible payment options, the lack of regulatory oversight makes them a risky choice. Responsible gamblers should prioritize security, transparency, and reliability when selecting an online casino. The Future of Unlicensed Online Casinos and Global Regulations As governments and regulators work to tighten control over the online gambling industry, the future of unlicensed casinos remains uncertain. Some countries are introducing stricter enforcement measures, including fines and legal action against operators who target players without authorization. Others are focusing on blocking access to unlicensed sites, making it more difficult for players to find and use these platforms. However, as long as demand exists, unregulated casinos will likely continue to operate, often shifting to new domains or adapting their business models to evade restrictions. The growing use of cryptocurrencies and decentralized platforms adds another layer of complexity, making it harder for authorities to monitor and regulate these sites. Whether unlicensed casinos will continue to thrive or face increasing pressure depends on how the industry evolves and how regulators balance innovation with consumer protection. For players, the key takeaway is to remain cautious and informed, choosing licensed platforms whenever possible to ensure a safer and more transparent gambling experience. Switch 2 Doesn't Fix POKÉMON's Biggest Problem RELATED: Wholesome Games Direct 2025: 9 Games Release Today
