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After the Strait of Hormuz reopens, a full recovery to prewar levels may take about four months, J.P. Morgan says.
Source
MarketWatch
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Starbucks on Thursday rolled out a bonus and tipping program for its employees, and announced a deal that hands off a big slice of its store business in China to an investment firm.
Elon Musk’s company reported vehicle sales and energy-storage deployments that were well below Wall Street’s expectations.
Asian stocks may open with modest gains after US shares closed higher on hopes the Iran war is slowly moving toward a resolution. Trading is set to be muted with a number of regional markets shut for holidays.
The lawmakers also cited a recent report that a Pete Hegseth-linked broker sought to make a multimillion-dollar investment in a defense-linked ETF in February.