Finance

SUMMARY  Sysco’s $29 billion acquisition of Jetro Restaurant Depot, announced Monday in the United States, expands its reach into cash and carry wholesale as operators seek lower costs amid persistent inflation. The Sysco Jetro Restaurant Depot acquisition underscores a critical shift in food supply chains as inflation and tighter margins reshape purchasing behavior in 2026.  … Read more

SUMMARY  The Powerball jackpot reached an estimated $133 million, or a $60.3 million cash option, in Monday’s drawing on March 23, but no ticket matched all six numbers to claim the top prize, according to the New Jersey Lottery. The winning numbers were 12, 18, 47, 56, and 63, with the Powerball number 1. The … Read more

SUMMARY  LONDON — Gold prices tumbled sharply Monday as investors retreated from traditional safe-haven assets amid escalating tensions in the Iran conflict, triggering a broader sell-off across precious metals markets. The sharp decline in gold prices highlights a sudden shift in investor behavior as geopolitical instability failed to sustain demand for traditional hedges.  Instead, markets … Read more

SUMMARY  Oil prices surged Thursday after Iran launched missile attacks on energy infrastructure across the Middle East, including a major liquefied natural gas facility in Qatar, escalating risks to global supply chains. The sharp rise in oil prices underscores the vulnerability of global energy markets to geopolitical shocks, as strikes targeting critical infrastructure threaten supply … Read more

SUMMARY  Oil prices exceeded $100 per barrel for the first time since 2022, intensifying concerns about inflation and economic growth. US stock indices posted significant losses, reflecting investor anxiety over rising energy costs. Finance ministers from the G7 nations planned a meeting to discuss potential releases from strategic petroleum reserves. NEW YORK — USequities fell … Read more

SUMMARY  US stock index futures opened sharply lower Monday as West Texas Intermediate crude surged above $100 a barrel, driven by escalating military tensions between the United States and Iran that disrupted Middle East energy supply routes and raised concerns about a potential global economic slowdown. Investors began the week with caution as surging crude … Read more

SUMMARY  NEW YORK — US stock index futures fell Friday as intensifying conflict in the Middle East pushed oil prices higher, raising inflation concerns, and investors awaited the monthly US jobs report.  Semiconductor firm Marvell Technology projected fiscal 2028 revenue near $15 billion, significantly exceeding analyst expectations. Dow E‑mini futures were down 130 points, or … Read more

SUMMARY  Oil prices climbed sharply this week after escalating Middle East conflict raised fears of supply disruptions through the Strait of Hormuz, a vital corridor for more than 20% of global crude flows. Traders reacted after Iranian state media reported an Islamic Revolutionary Guard Corps official saying the waterway had been shut and that vessels … Read more

SUMMARY  NEW YORK — Global stock markets plunged for a second consecutive day Tuesday as investors weighed the growing risk of an expanded Middle East conflict and its impact on energy prices and global inflation. The Dow Jones Industrial Average fell 1,140 points, or 2.33 percent, shortly after the opening bell, while the S&P 500 … Read more

SUMMARY  NEW YORK — US stock markets opened sharply lower Monday as investors reacted to escalating tensions in Iran, with concerns over potential disruptions to global oil supplies driving steep declines.  The Dow Jones Industrial Average fell 1,110 points, or 2.2%, while the S&P 500 and Nasdaq Composite each dropped 1.9%, according to FactSet. The … Read more