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Investors wrestled with uncertainty about the cease-fire between the United States and Iran.
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Navy Secretary John Phelan Is Leaving the Pentagon and the Trump Administration The New York TimesPete Hegseth Fires Navy Secretary John Phelan WSJUS Navy Secretary Phelan ousted as naval blockade of Iran continues CNNPentagon says navy secretary is leaving, marking another top leader's departure The GuardianUS Navy Secretary John Phelan leaving Trump administration BBC
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Iran fires on 2 ships in Strait of Hormuz after Trump extends ceasefire Fox NewsIran Again Tightens Its Grip on Shipping in the Strait of Hormuz The New York TimesIran tightens control of Hormuz after US calls off renewed attacks ReutersIran says it has seized two ships in Strait of Hormuz after U.S. extends ceasefire CNBC
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Yoga-wear maker Lululemon on Wednesday said its board had approved Nike veteran Heidi O'Neill as its new CEO. But analysts said it was too early to tell if that was the right call, and said questions about Nike's current struggles could spill over into her new job.
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"Magnificent Seven" tech stocks are finally riding high once again in April after a months-long bout of underperformance. Yet the real winners of the April stock-market rebound — at least, so far — are in the smaller, and far more speculative camp.
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Capital has flowed into bitcoin through multiple channels, which makes it less likely that bitcoin sees a sharp reversal like in previous months, and more likely that the rally builds momentum.
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