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Latest financial news from across the markets

Daily Market Overview

Markets experienced a second day of rallying, though caution remains prevalent among investors following explosive gains earlier in the week. Notably, oil prices are rising amid ongoing tensions in the Strait of Hormuz, where Iran has restricted access, causing concerns over supply disruptions. In corporate news, Amazon's CEO defended a significant investment in AI, while Disney announced plans to lay off up to 1,000 employees. Additionally, retail traders showed reluctance to embrace the recent market upturn, selling off during the rally.

Latest Market Updates

Costco shares rise on impressive monthly sales. We still have one big question

Costco shares rise on impressive monthly sales. We still have one big question

less than a minute ago

DOJ launches probe into NFL over media rights packages and antitrust concerns

DOJ launches probe into NFL over media rights packages and antitrust concerns

less than a minute ago

What actually leads to high-paying jobs—it has nothing to do with your college major, says expert

What actually leads to high-paying jobs—it has nothing to do with your college major, says expert

less than a minute ago

Hormuz Strait oil traffic way down after ceasefire; Hassett says even one tanker is big

Hormuz Strait oil traffic way down after ceasefire; Hassett says even one tanker is big

less than a minute ago

Amazon debuts Masters coverage, becoming golf tournament's fourth-ever media partner

Amazon debuts Masters coverage, becoming golf tournament's fourth-ever media partner

less than a minute ago

Salesforce won't be discarded in the AI boom, but what companies want is changing

Salesforce won't be discarded in the AI boom, but what companies want is changing

3 minutes ago

Melania Trump blasts claims about Jeffrey Epstein and her

Melania Trump blasts claims about Jeffrey Epstein and her

3 minutes ago