Iran FM Warns American Bases Are Legitimate Targets, Cites 'No Tangible Progress' In Talks

SaaS Stocks Slammed As ServiceNow Disappoints, Blames MidEast War Perhaps indicative of the fragility of the current rebound - as Software stocks have recently ripped higher for 8 straight days - SaaS stocks are all deeply in the red after-hours as ServiceNow - the potential poster-child for AI disruption - cut its margin outlook amid lackluster results, sending shares reeling. At first glance, it was a good print - the provider of business task management software posted first-quarter adjusted earnings of 97 cents a share, which was in-line with Wall Street...

Trump Says "US Will Be Attacking Iran Hard Again Today", Oil Spikes Summary Trump says "Will be attacking Iran hard again today" Trump tells Fox he "may keep going" with strikes. Trump says Iran took too long to negotiate, and now "will have to pay the price". Tehran claims prior night attacks in Kuwait, Bahrain and Jordan as fulfilment of its previously vowed 'retaliation' - targeted the Fifth Fleet headquarters in Manama, footage shows. Iran again signals it could cut off all indirect talks & any negotiations, says it is 'reviewing' US talks after latest exchange...

Futures Slide, Oil Surges As Iran War Returns, Chip Stocks Tumble As Korea, SK Hynix Crash US equity futures are lower on a combination of US/Iran escalation (which is feeding inflationary concerns) and a violent crash in South Korean stocks (which saw SK Hynix plunge by 15% overnight, the most on record, and unironically follows its record ADR launch in the US), which has put Semis and tech under renewed pressure. On the former, this drove oil prices higher overnight, but gains have been cut in half. On the latter, there...