Crude oil prices are on the rise, driven by escalating geopolitical tensions in the Middle East. Reports suggest Iran may be preparing a major attack on Israel, while the conflict in Gaza intensifies, putting upward pressure on oil prices. This news comes as U.S. energy stocks also climb, with ExxonMobil and Chevron exceeding earnings expectations.
A coalition of 18 state financial officers, including treasurers, is urging public pension fund managers to divest from China-based investments due to concerns over the Chinese Communist Party’s (CCP) control over businesses and the potential risks associated with their investments. The letter, sent to fiduciaries across 15 states, highlights issues such as CCP interference in financial markets, the opaque nature of Variable Interest Entities (VIEs), and geopolitical tensions, particularly the potential for a Chinese invasion of Taiwan. The call for divestment echoes concerns raised by the House Select Committee on the Strategic Competition between the U.S. and the CCP, which previously detailed how asset managers have invested billions of dollars in Chinese companies flagged by the U.S. government.
Taiwan Semiconductor Manufacturing Co. (TSM) is not expecting any disruptions to its operations from Super Typhoon Kong-rey. The company has implemented its standard typhoon alert procedures across all its factories and construction sites. Meanwhile, Taiwan Semiconductor continues to navigate geopolitical tensions, with recent events impacting its relationships with both Intel and Huawei. Despite these challenges, TSM’s stock remains strong, up 92% year-to-date.
Taiwan Semiconductor Manufacturing Co. (TSM) is not expecting any disruptions to its operations from Super Typhoon Kong-rey. The company has implemented its standard typhoon alert procedures across all its factories and construction sites. Meanwhile, Taiwan Semiconductor continues to navigate geopolitical tensions, with recent events impacting its relationships with both Intel and Huawei. Despite these challenges, TSM’s stock remains strong, up 92% year-to-date.
Taiwan Semiconductor Manufacturing Co. (TSM) is not expecting any disruptions to its operations from Super Typhoon Kong-rey. The company has implemented its standard typhoon alert procedures across all its factories and construction sites. Meanwhile, Taiwan Semiconductor continues to navigate geopolitical tensions, with recent events impacting its relationships with both Intel and Huawei. Despite these challenges, TSM’s stock remains strong, up 92% year-to-date.
Taiwan Semiconductor Manufacturing Co. (TSM) is not expecting any disruptions to its operations from Super Typhoon Kong-rey. The company has implemented its standard typhoon alert procedures across all its factories and construction sites. Meanwhile, Taiwan Semiconductor continues to navigate geopolitical tensions, with recent events impacting its relationships with both Intel and Huawei. Despite these challenges, TSM’s stock remains strong, up 92% year-to-date.
Taiwan Semiconductor Manufacturing Co. (TSM) is not expecting any disruptions to its operations from Super Typhoon Kong-rey. The company has implemented its standard typhoon alert procedures across all its factories and construction sites. Meanwhile, Taiwan Semiconductor continues to navigate geopolitical tensions, with recent events impacting its relationships with both Intel and Huawei. Despite these challenges, TSM’s stock remains strong, up 92% year-to-date.
Oil prices plummeted on Tuesday, driven by a reported assurance from Israeli Prime Minister Benjamin Netanyahu that Iran’s oil infrastructure would be spared from any potential retaliatory strikes. This eased geopolitical tensions in the Middle East, leading to a sharp decline in crude prices and a subsequent downturn in the energy sector. Meanwhile, airlines and cruise lines, sensitive to fuel costs, enjoyed a rally as a result of the cheaper oil.
Major cryptocurrencies experienced a pullback on Monday, mirroring the decline in stock markets, fueled by rising geopolitical tensions. Bitcoin retreated from its highs, while Ethereum also dipped after a morning surge. This downturn coincided with increased cryptocurrency liquidations, exceeding $214 million in the past 24 hours. Analysts remain divided on the future direction of Bitcoin and Ethereum, with some predicting further upward momentum while others warn of potential drops.
Iran has suspended all flights until Monday morning due to ‘operational restrictions,’ likely related to escalating tensions with Israel following Iranian missile strikes. Travelers are advised to check with airlines and stay informed about the evolving situation.
