Oil Price Rise Resumes, Erasing Early Market Gains
Financial markets faltered as oil prices climbed again due to the ongoing Iran conflict, with the FTSE 100 closing lower and global indices declining amid heightened inflation fears.
Category : Markets
Morgan Stanley Cuts 2,500 Jobs as Layoffs Sweep Tech and Finance
Morgan Stanley becomes the latest major firm to announce significant workforce reductions, cutting 3% of its global staff despite record revenues. The move follows similar cuts at Amazon, Nike, and Dow, raising concerns about AI's impact on employment.
Oil Prices Surge Amid Middle East Crisis, Asian Markets Rebound
Oil prices have climbed 3% to $84 a barrel following reports of a missile attack on a US tanker, while Asian stock markets recover from heavy losses. Gas prices also rise as Qatar suspends LNG exports.
UK New Car Sales Hit 22-Year February High Despite EV Slowdown
The UK's new car market recorded its strongest February sales in 22 years, with 90,100 registrations, despite a decline in pure battery electric vehicle market share.
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Asian Markets Surge After Wall Street Rebound, Oil Stabilises
Asian shares opened sharply higher on Thursday, mirroring a Wall Street rebound as oil prices moderated and positive U.S. economic updates eased market jitters.
Markets Rebound, Energy Prices Ease, But Iran War Fears Remain
European and US stock markets have recovered with oil and gas prices easing, offering relief to investors. However, concerns persist over the economic impact of Middle East conflict.
South Korea Stock Crash and Oil Surge After Iran Strikes
South Korea's stock market plunges 12% amid global volatility, while oil prices surge after Iran strikes. Key stories include Nepal's election, Kremlin accusations, and sports records.
Stocks Recover as Oil Cools in Middle East Crisis
European markets rallied with the FTSE 100 up 0.8%, as oil prices retreated from highs. Investors await developments in the Middle East conflict and US tariff announcements.
iPic Theaters Files for Bankruptcy, Blames Declining Attendance
iPic Theaters, the luxury dine-in cinema chain, has filed for Chapter 11 bankruptcy, citing dwindling ticket sales and pandemic recovery challenges. The company plans asset sales and layoffs.
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Burger King Mocks McDonald's CEO with Whopper Taste Test
Burger King's president enthusiastically bites into a Whopper in a TikTok video, directly contrasting McDonald's CEO's awkward Big Arch Burger taste test that went viral.
Gold Surges 2% on Middle East Conflict, Dollar Weakness
Gold prices rebounded sharply, rising 2% as escalating Middle East tensions and a weaker dollar boosted safe-haven demand. Spot gold hit $5,175.39 per ounce, with silver also gaining 4.5%.
South Korea's KOSPI Plunges 12% in Historic Meltdown
South Korea's benchmark KOSPI stock index suffered its worst-ever sell-off, plunging over 12% as geopolitical tensions and oil price spikes triggered a massive market rout.
Walmart, Amazon Workers Depend on Medicaid and Food Stamps
A new report reveals that nearly a quarter of Walmart employees and half of Amazon workers in Nevada rely on Medicaid, highlighting low wages at top US firms.
Rare £2 Coin Error Could Be Worth £1,000 (04.03.2026)
Brits are urged to check their change for a scarce Lord Kitchener £2 coin from 2014. An expert reveals that a specific error version missing 'two pounds' text could sell for up to £1,000 at auction.
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Gold Prices Jump 2% on Dollar Fall and Geopolitical Tensions
Gold prices rebounded sharply by 2% on Wednesday, recovering from a recent low as a weaker U.S. dollar and escalating Middle East conflicts boosted safe-haven demand.
Gold Surges 2% on Middle East Tensions and Dollar Weakness
Gold prices rebounded sharply, rising 2% as escalating Middle East conflict and a weaker U.S. dollar revived safe-haven demand for the precious metal. Spot gold reached $5,175.39 per ounce.
South Korea's KOSPI Index Plunges 12% in Historic Sell-Off
South Korea's KOSPI stock index plummeted over 12%, its worst-ever drop, erasing $553.82 billion in value amid Middle East tensions and oil price hikes.
European Markets Stabilise as Oil Prices Surge on Iran War
European stock markets show tentative calm after heavy losses, but Brent crude oil hits a 20-month high above $84.50 amid Middle East supply fears.
KOSPI Plunges 12% in Historic Market Collapse
South Korea's benchmark stock index suffered its worst-ever drop, plunging over 12% as Middle East conflict and oil price spikes triggered massive sell-offs.
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Iran Strikes Cause Oil Surge and Market Fall: Financial Impact (04.03.2026)
Geopolitical tensions in the Middle East following strikes on Iran have driven oil prices up nearly 20%, affecting inflation, interest rates, and global stock markets. Experts warn of prolonged effects on pensions and investments.
Markets Tumble as Trump's Hormuz Escort Plan Fails to Calm Fears
Stock markets worldwide continued their sharp decline on Wednesday, with South Korea's Kospi index plunging over 11%, despite former President Donald Trump's proposal for US Navy escorts through the disrupted Strait of Hormuz. Oil prices surged as shippin
Asian Markets Plunge on Iran War Fears and Oil Price Surge
Asian shares extended losses on Wednesday amid a global sell-off, with oil prices climbing higher due to escalating conflict with Iran, raising inflation and economic growth concerns.
Burger King Mocks McDonald's CEO with Giant Whopper Bite
Burger King president Tom Curtis takes a theatrical giant bite of the revamped Whopper, widely seen as a jab at McDonald's CEO Chris Kempczinski's small nibble of the new Big Arch burger.
Global Stock Market Sell-Off Deepens Amid Oil and Gas Price Surge
European and US stock markets plunged sharply on Tuesday as escalating Middle East conflict disrupted supplies, sending oil and gas prices soaring and triggering a widespread financial sell-off.
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Oil Surge Fuels Inflation Fears, Stocks Retreat
Global stock markets, including the FTSE 100, tumbled as Middle East tensions drove oil prices higher, raising inflation concerns and overshadowing the UK's spring statement.
Greggs Blames NI Hike and Wage Rises for Price Increases
Greggs has attributed price hikes on sausage rolls and lattes to increased employment costs driven by Labour's National Insurance changes and minimum wage rises, as profits fell nearly 18%.
BrewDog Closes 38 UK Bars, 484 Jobs Lost After Tilray Deal
BrewDog will close 38 UK bars despite a £33m rescue by Tilray Brands, resulting in 484 redundancies. The US firm acquired 11 venues and key assets, leaving crowdfund investors empty-handed.
Global Markets Plunge Amid Middle East Conflict
Stock markets worldwide, including the FTSE 100 and Asian indices, slump as oil and gas prices soar due to escalating Middle East tensions, reducing hopes for UK interest rate cuts.
Oil Surge and Market Slump Amid Middle East War Intensification
Brent crude hits a one-year high above $81 a barrel, while the FTSE 100 tumbles over 2% as Iran blocks the Strait of Hormuz, sparking fears of prolonged economic disruption.
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Iran Strikes: Oil Surges, Markets Fall - Financial Impact
Geopolitical conflict in the Middle East drives oil prices above $80, triggering stock market declines and raising inflation concerns for UK households.
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