Russia Admits Renewed Petrol Shortages After Recently Claiming Situation Was Stabilized

Houthis Pummel Southwest Saudi Arabia With Ballistic Missiles, As Yemen Air & Ground War Erupts The heaviest fighting since the Iran war began is taking place in Yemen currently, also involving significant overnight attacks on Saudi energy and military sites by the Houthis. The Houthis have since unveiled new operations, in a Tuesday statement saying the Iran-aligned group is targeting critical Saudi oil and military infrastructure. Widely circulating local videos suggest the attacks on multiple sites were in some case simultaneous and overwhelming. "In response to this brutal aggression and in confronting...

Futures Fall, Chipmakers Tumble After Samsung Rout; Oil Climbs Stocks fell as freash volatility hit chipmakers after blowout earnings from Samsung Electronics were still not good enough (the company missed some buyside estimates) and left investors wanting even more, and sent its stock tumbling as much as 11%, forcing another 20 minute halt of the Kospi. As of 8:00am ET, S&P futures were down 0.2% and Nasdaq futures fall 1%, with chip stocks sliding in premarket trading (both Micron and Sandisk dropped more than 5%), following a tech led selloff in Asia, while...

Corning Shares Erupt On Nvidia Deal To Supercharge Fiber Optics Output By 10x U.S.-based glass company Corning soared in premarket trading in New York after announcing a new mega deal with Nvidia to expand manufacturing capacity for fiber optic production used in AI data centers. "Corning will increase its U.S.-based optical connectivity manufacturing capacity by 10x and expand its U.S. fiber production capacity by more than 50% to meet the accelerating demand driven by AI factory buildouts," Nvidia wrote in a press release.  The expansion includes three new manufacturing plants in...