Section

Business

Markets, industries, and the forces reshaping the region's economy.

Page 3

Business

WTI Climbs Back Above $100 as Houthis Claim a Strike on Ras Tanura and the US Oil Reserve Hits a 44-Year Low

Brent settled at $115.32 after the Houthis claimed a missile hit on Saudi Arabia's biggest refinery, which Riyadh has not confirmed, while US crude stocks fell and gasoline stayed tight.

Oct 28, 2026/2 min read

An oil refinery with tall process towers and lit storage areas across a calm inlet at blue hour, the Preemraff refinery at Brofjorden, Sweden, photographed on 4 November 2021, a file photograph illustrative of a refinery and not of Ras Tanura or of any Saudi facility

Business

Boeing Narrows Its Quarterly Loss to $116 Million but Pushes Its 737 Rate 47 Target Into Next Year

Revenue rose 4 percent to $24.2 billion and the backlog hit a record, yet the planemaker admitted the 737 line will not stabilise at 47 jets a month this year and its shares sank.

Oct 28, 2026/2 min read

A Boeing 737-8 MAX in an Icelandair livery on final approach against a clear blue sky near Berlin Brandenburg Airport, photographed on 24 February 2024, a file photograph illustrative of the 737 MAX family and not of any aircraft in Boeing's quarterly deliveries

Business

Wall Street Closes Higher on a Chip Rally as Boeing Falls and Traders Wait for the Fed

The Nasdaq gained 1.2 percent and the S&P 500 0.6 percent on Tuesday while the Dow barely moved, with oil easing, confidence jumping and the Fed's decision due on Wednesday.

Oct 28, 2026/2 min read

A corner of the New York Stock Exchange's stone facade with its engraved name and a United States flag on a pole above it, photographed on 10 July 2010, a file photograph of the exchange building and not of Tuesday's trading

Business

UPS Beats Third-Quarter Estimates and Raises Its 2026 Outlook, With Shares Rising About 5%

Revenue of $22.9 billion and adjusted earnings of $1.69 topped forecasts, but fourth-quarter US volume is set to fall as UPS keeps trading parcels for profit, and supply chain profit dropped sharply.

Oct 27, 2026/2 min read

UPS Airlines Boeing 767 freighters parked on an airport apron beside a Delta jet, photographed on 19 June 2026, a file photograph illustrative of UPS's air network and not of this week's results

Business

Wall Street Rebounds on Monday as an Anthropic Filing Lifts Tech, With the Fed and Big Earnings Ahead

The Nasdaq added 0.82 percent and the S&P 500 0.70 percent after Friday's oil-led slide, while Tesla rose, Meta fell on its financing plan and traders sized up a Fed meeting and Big Tech earnings.

Oct 27, 2026/2 min read

The columned marble main entrance of the New York Stock Exchange at 18 Broad Street in Lower Manhattan, photographed on 17 May 2012, a file photograph of the exchange building and not of Monday's trading

Business

Wall Street Week Ahead: A Fed Decision on Wednesday, Alphabet, Microsoft and Amazon Report, and Oil Near $117

After a Friday slide led by the Dow, investors face a Fed meeting priced for a hold, three Big Tech reports, GDP and PCE data, and central bank decisions in Frankfurt and Tokyo.

Oct 26, 2026/2 min read

The white marble Marriner S. Eccles Federal Reserve Board Building in Washington with a flag above its portico and autumn leaves beside it, photographed on 1 September 2012, a file photograph of the central bank's headquarters and not of this week's meeting

Business

Dow Sheds More Than 600 Points as Brent Passes $116 and Houthi Attacks Rattle Wall Street

Oil, not chips, drove Friday's selloff: the Dow fell 1.2 percent and most sectors slid while the Nasdaq barely moved. Energy shares hit a record ahead of a Fed meeting and big-tech earnings.

Oct 24, 2026/2 min read

A black and white Wall Street street sign mounted on a building corner in lower Manhattan, photographed on 19 April 2022, a file photograph illustrative of the financial district and not of Friday's trading

Business

Meta Reports $64.6 Billion Revenue and Negative Free Cash Flow, and Plans a New Class of Non-Voting Shares

Sales jumped 26 percent, but a $9.9 billion legal charge, $34.9 billion of quarterly spending and a Class C stock plan explain why the shares sold off by about 7 percent on Thursday.

Oct 23, 2026/2 min read

An aerial view of the white and coloured office buildings and car parks of the Meta campus beside San Francisco Bay at Menlo Park, photographed on 27 January 2023, a file photograph of the campus and not of this week's results

Business

Nasdaq Falls 2.6% and Chip Stocks Plunge as Brent Oil Jumps to $113 and Treasury Yields Slide

Heavy AI spending doubts and talk of fresh strikes on Iran sent the Nasdaq to its worst day since June on Thursday, while the Dow held flat and bond yields dropped below 5 percent.

Oct 23, 2026/2 min read

The curved wall of screens in the Nasdaq MarketSite broadcast studio in Times Square with presenters at a desk, photographed on 30 June 2015, a file photograph of the studio and not of Thursday's trading

Business

Tesla Beats Profit Estimates on $28.05 Billion in Revenue, Then Slips After Hours

Adjusted earnings of 48 cents topped forecasts and free cash flow turned positive at $1.53 billion, but deliveries fell 2 percent and energy storage came in short of what analysts expected.

Oct 22, 2026/2 min read

A long grey Tesla Gigafactory Texas building with a band of glass near Austin, photographed on 17 June 2022, a file photograph of the factory and not of this quarter's production

Business

Nasdaq Jumps 1.05% as SpaceX and Super Micro Revive the AI Trade While Netflix and AT&T Slide

Tech led Wall Street higher on Wednesday after SpaceX posted its first public-company profit and Super Micro lifted its forecast, with Tesla and Meta still to report after the bell.

Oct 22, 2026/2 min read

The gilded lettering of the New York Stock Exchange above Corinthian columns on Broad Street in Manhattan, photographed on 5 January 2021, a file photograph of the exchange and not of Wednesday's trading