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Energy
Strait of Hormuz risk fuels Wall Street NACHO trade bets on oil prices
Traders are embracing the “NACHO” trade, a new Wall Street acronym for "Not A Chance Hormuz Opens." as investors grow skeptical the Strait of Hormuz crisis will end soon.Maica | Istock | Getty ImagesMove over TACO trade. Traders now have…
Apple’s R&D spending climbs to 10% of revenue on AI investments
Apple CEO Tim Cook gestures as he departs after a business leaders reception with the U.S. president on the sidelines of the World Economic Forum annual meeting in Davos on Jan. 21, 2026.Fabrice Coffrini | Afp | Getty ImagesFor the first…
Airlines spent 56.4% more on jet fuel after Iran war began: DOT
A technician prepares to refuel a Delta Airlines aircraft at the Austin-Bergrstrom International Airport on April 10, 2026 in Austin, Texas. Brandon Bell | Getty ImagesU.S. airlines spent 56.4% more on jet fuel in March, the month after…
Why surging oil prices may not derail the consumer trade
Wall Street is already looking beyond Big Tech quarterly results.Even though it's a major earnings week for the group, YieldMax chief strategist Mike Khouw lists consumer staples and discretionary names high on his watch list –…
Denmark faces data center reckoning amid power grid strains
COPENHAGEN, Denmark — The Nordics, long seen as a magnet for data center investment thanks to their stable climate and abundance of renewable energy, are now weighing limits on the growth of the power-hungry facilities as surging energy…
U.S. crude oil exports surge to record as tankers flock to Gulf Coast
The Perseus Star crude oil tanker departs the Port of Corpus Christi in Corpus Christi, Texas, US, on Saturday, Feb. 28, 2026.Eddie Seal | Bloomberg | Getty ImagesThe Port of Corpus Christi has never been busier as tankers from around…
California gas prices hit $6 as Iran war drives fuel costs higher
California gasoline prices hit $6 per gallon on Thursday, a 30% increase since the U.S. and Israel launched the war against Iran in late February. Drivers in California are paying the most in the nation at $6.01 per gallon on average,…
Exxon expects higher oil prices as market absorbs impact of Iran war
Exxon Mobil CEO Darren Woods warned Friday that the market has not absorbed the full impact of the unprecedented oil supply disruption triggered by the Iran war and the closure of the Strait of Hormuz. The disruption has been mitigated…
Trump might have to maintain blockade for months before Iran feels pain
Locked in a standoff with Iran that will break only when economic pain is no longer tolerable, President Donald Trump may have to maintain his naval blockade against Iran for weeks — forcing serious economic consequences on the world.…
UAE exit from OPEC is a big blow to the cartel’s influence on oil
The United Arab Emirates' exit from OPEC this week will weaken the influence of the cartel and its leader Saudi Arabia on the oil market, a development that could prove bearish for prices over the long term. The UAE was the most…