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Global markets are feeling the pressure as oil prices soar, with Brent crude hitting $100 a barrel amid ongoing conflicts in the Middle East. The situation has raised concerns about food inflation, particularly as fertilizer shipments are disrupted. In corporate news, Atlassian announced a 10% workforce reduction to fund AI investments, while Nike received a notable upgrade from Wall Street. Additionally, the U.S. deficit has surpassed $1 trillion, although it remains below last year's pace.

Latest Market Updates

Inside India newsletter: How the war in the Middle East is set to determine India's trade route to Europe

Inside India newsletter: How the war in the Middle East is set to determine India's trade route to Europe

less than a minute ago

A global food price shock looms as Middle East war rages on. Here's who will be hit hardest

A global food price shock looms as Middle East war rages on. Here's who will be hit hardest

less than a minute ago

Jim Cramer says these 3 stock market themes could work if the oil shock eases

Jim Cramer says these 3 stock market themes could work if the oil shock eases

less than a minute ago

FCC chair slams Amazon for slow launches after it opposed SpaceX plan

FCC chair slams Amazon for slow launches after it opposed SpaceX plan

less than a minute ago

Atlassian cuts 10% of workforce to 'self-fund' investments in AI and enterprise sales

Atlassian cuts 10% of workforce to 'self-fund' investments in AI and enterprise sales

less than a minute ago

The memory stock cycle of boom-bust-repeat is over, executives say

The memory stock cycle of boom-bust-repeat is over, executives say

less than a minute ago

Nike lands an 'unconventional upgrade' from Wall Street. Why we're still believers too

Nike lands an 'unconventional upgrade' from Wall Street. Why we're still believers too

less than a minute ago