Author

admin

Browsing
NEWYou can now listen to Fox News articles!

Israeli and Turkish warplanes skirmished over Syria this past weekend. 

Israel, in northern Syria, has been bombing militias affiliated with the government of Turkey. According to Turkish media sources, Ankara’s F-16s sent ‘warning messages’ to the Israeli planes. 

Israel denied the reports of the aerial confrontation.

Recep Tayyip Erdogan, Turkey’s president, said that the ‘Israeli attacks compromise the balance in the region since the fall of the Syrian regime.’ Bashar al-Assad fled Syria to Russia as his totalitarian government fell in early December. He has since been granted asylum there.   

The recent aerial confrontation could spark a wider war and put an end to attempts by the former militant and Syria’s current president, Ahmed al-Sharaa, to reestablish stability and move his country closer to the United States. 

Disruptive actors want to take over Damascus. Erdogan, for instance, helped bring down Assad and now hopes to pull Syria into his orbit. China, which supported the horrific Assad regime until the end, is now trying to influence the new government in Damascus so it can eventually dominate that country.

Sharaa is resisting Beijing’s attempts. ‘Syria is now led by a true reformer,’ Jonathan Bass, who had extensive discussions with Sharaa in Damascus last week about religious freedom and other topics, told me. 

‘This is a critical moment in Syria’s transition,’ Dr. Sharvan Ibesh of the Bahar Organization, a humanitarian NGO active in Syria, told me last week.

Ibesh’s assessment is certainly correct. Before Sharaa can achieve anything, he will need to end the conflict in his skies. There is only one person who can separate Israel, America’s long-term partner in the region, and Turkey, an increasingly troublesome NATO ally. That person, of course, is President Donald Trump.

Why would Trump get involved? 

There are two principal reasons. First, Sharaa wants trade and investment. This is an historic opportunity for American business, which has been shut out of that portion of the region. Syria is devastated after decades of misrule and war, and Americans can build, sell, and provide just about everything.

The second reason involves China. ‘Syria is up for grabs,’ Mouaz Moustafa of the Syrian Emergency Task Force, a humanitarian group active in that country, said to me. ‘The Chinese continue to push hard to fill a vacuum, knowing that the longer the U.S. takes to come along the higher the chances are that China will economically occupy Syria.’

‘We do not want to be stuck with China being the only choice for Syria when it comes to rebuilding our liberated country,’ says the Bahar Organization’s Ibesh.

Dr. Haytham Albizem of Global Justice, a U.S.-based NGO, told me that President Sharaa has not accepted Beijing’s persistent offers but ‘eventually he will shake the hand that wants to help him rebuild the country he leads if he does not have any alternative.’

Bass, CEO of Argent LNG, confirms that Beijing has pressured Syrian officials to take its money but the Syrians have held out because of concerns about the long-term effects of Chinese presence. Sharaa in fact told Bass he wants to build a ‘pluralistic society,’ in other words, a nation not like China but like America.

Washington’s sanctions, put in place during the Assad years, prevent American involvement. Trump can lift them.

Trump will be in Saudi Arabia next week. He will visit Riyadh on May 13. Syrian officials are trying to schedule a meeting between the American president and Sharaa in the Saudi capital to discuss U.S. companies entering Syria. 

‘I want to make a deal with Donald Trump,’ Sharaa told Bass. ‘He’s the only man I trust.’ 

‘He is the only man capable of fixing this region, bringing us together, one brick at a time,’ Sharaa added.

‘This is a moment when the United States can, for the first time in decades, establish vibrant commercial and investment ties with Syria and thereby bring peace to the Middle East as a whole,’ Bass says.

If, however, China takes over Syria, which borders Israel in the Golan Heights, there will be no peace. Beijing fully backed Iran’s October 7 assault on the Jewish state with economic, diplomatic, propaganda, and weapons support. China will similarly disrupt the region from Syria if it gains control of Damascus.

‘If China is entrenched in Syria, it means Iran will be entrenched there too,’ Bass says. ‘The stakes are high for America because Israel would be pressured by a China-Iran proxy directly on one of its borders.’ 

That’s true, but America’s continued role in the region raises a broader issue. ‘Does the USA want to be the Policeman of the Middle East, getting NOTHING but spending precious lives and trillions of dollars protecting others who, in almost all cases, do not appreciate what we are doing?’ Trump tweeted in December 2018. 

Obviously not. But Sharaa, as he told Bass, wants to make Syria like America, not with the American military but with American goods, investment, and services. 

The opportunity for the U.S. is historic.

This post appeared first on FOX NEWS

NEWYou can now listen to Fox News articles!

In the world of President Donald Trump, the constant refrain that he ‘needs to do this’ or ‘must pass that’ in the next 200 days misses the point entirely. Trump doesn’t operate within the usual political playbook, and trying to fit him into conventional expectations is a mistake. Advisers often treat him like a typical politician: pass policies, build alliances, show a unified front. Tone it down.  Stop being so…. Well, Trumpian.  But that’s not who he is. And it certainly isn’t what he should do.

Trump’s power lies in owning the story, controlling the narrative’s chaos, and shaking things up in ways no one else can—or would dare to. 

His actions may seem reckless or absurd to some, but they’re often strategic—designed to grab attention, set the agenda, and keep everyone reacting to him. 

Let’s think about the events over just the last several days. Trump once again seized the digital spotlight, posting AI-generated images of himself as the pope and a ‘Star Wars’ character, musing about reopening Alcatraz, vacillating on tariffs, and even questioning his adherence to the Constitution. 

As expected, the world reacted: some with admiration, others with indignation. His supporters lauded him as a bold disruptor of the status quo, while critics labeled him dangerous, blasphemous, even absurd.

If you take every Donald Trump moment at face value, you’re missing the point.

But here’s the crux: if you take every Trump moment at face value, you’re missing the point.

To truly grasp Donald Trump, you need to step back—not just from the headlines, but from the impulse to interpret every word, post, or proposal literally. 

His approach isn’t straightforward. It’s theatrical, rhetorical, and deeply strategic. Parsing his statements is akin to interpreting religious texts. Some see every word as gospel truth. Others find symbolism, guidance, or metaphor. The same spectrum of interpretation applies to Trump.

If you treat Trump’s words as fixed policy declarations, you’ll find yourself in chaos. But if you view them as part of a broader strategy—to capture attention, steer the conversation, and frame negotiations—you begin to discern the method in the madness.

Consider tariffs. Are they economic policy? Or a pressure tactic? I’d argue they’re the latter—a means to move markets, project toughness, and reset expectations. Or take his musings about running in 2028. Is that a literal campaign launch? Or is he shaping the narrative around leadership, succession, and legacy?

This is Trump’s true power: not in the precision of his plans, but in his ability to control the agenda. He creates noise not to distract, but to dominate. He doesn’t wait to join the conversation—he is the conversation. And in doing so, he forces everyone else to react on his terms.

So, what should Trump do in the next 200 days? The answer is simple: keep doing what he’s doing. The more he challenges conventions, the more he reaffirms his brand as the disruptor who fights for ‘the everyman.’ Policy details don’t necessarily matter as much as the message that he is shaking up the establishment and battling an unfair system. 

Success for him isn’t about passing specific bills; it’s about owning the conversation and proving he’s the only one willing to blow things up to get results.

If Trump can continue this strategy—owning the narrative, showing he’s fighting for the ‘little guy,’ and not over-complicating it—he remains relevant. 

The reality? His core support won’t shift because of policy; it’ll shift if he stops being Trump. So, the next 200 days should be about staying true to his persona, deciding what noise to generate, and letting others scramble to chase his lead.

Ultimately, how you interpret Trump’s actions reveals more about you than about him. If you see him as a menace, every statement becomes a threat. If you see him as a visionary, every statement signals bold change. If you see him as a negotiator, the unpredictability makes perfect sense.

You don’t have to like Trump to understand him. But ignoring the mechanics of how he shapes public discourse is missing the most crucial part of the story.

He’s not just running for office. He’s running the conversation. And in essence, Trump needs to keep doing what he does best—disrupt, distract, and dominate. The rest is just noise.

This post appeared first on FOX NEWS

The top Democrat on the Senate Judiciary Committee has called on the Department of Justice and the FBI to ‘immediately investigate’ a string of anonymous pizza deliveries sent to judges’ homes.

In the event that the DOJ and the FBI have already initiated investigations, Senate Judiciary Committee Ranking Member Dick Durbin, D-Ill., also asked Attorney General Pam Bondi and Kash Patel for an update on those efforts. 

‘In recent months, federal judges and their relatives have received anonymous deliveries to their homes,’ Durbin wrote in a letter to Bondi and Patel on Tuesday. ‘These deliveries are threats intended to show that those seeking to intimidate the targeted judge know the judge’s address or their family members’ addresses. The targeted individuals reportedly include Supreme Court justices, judges handling legal cases involving the Administration, and the children of judges. Some of these deliveries were made using the name of Judge Esther Salas’s son, Daniel Anderl, who was murdered at the family’s home by a former litigant who posed as a deliveryman.’

‘These incidents threaten not only judges and their families, but also judicial independence and the rule of law,’ Durbin wrote. ‘It is imperative that the Justice Department (DOJ) and the Federal Bureau of Investigation (FBI) investigate these anonymous or pseudonymous deliveries and that those responsible be held accountable to the full extent of the law.’

Durbin asked that Bondi and Patel provide ‘information on any steps that DOJ or the FBI have taken to protect the judges and their families who have received anonymous or pseudonymous deliveries and to prevent further anonymous or pseudonymous deliveries and other threats.’ His letter also highlighted ‘the essential role that the U.S. Marshals Service (USMS) plays in protecting the federal judiciary and urge you to ensure that the size of the USMS workforce is not reduced.’ 

The Democrat said USMS Acting Director Mark P. Pittella reportedly sent a letter on April 15 to more than 5,000 USMS employees offering them the opportunity to resign. 

‘In the midst of increasing threats of violence against judges, it is inappropriate and unacceptable to reduce the size of the agency tasked with protecting the federal judiciary and the judicial process,’ Durbin wrote. ‘Accordingly, I ask you to commit to fully supporting USMS and to maintaining or increasing its current number of employees.’ 

The letter further asked that Bondi and Patel brief the committee and provide responses to a series of questions by May 20, including how many anonymous pizza deliveries have been sent to judges’ homes or the homes of their family members since Jan. 20 – President Donald Trump’s Inauguration Day; whether each matter prompted an investigation and if not, why; and how many suspects have been identified and if there’s any reason to suspect coordination. 

Durbin said any responses with ‘classified or law-enforcement sensitive material’ should be sent to the committee Democrats under a separate cover.

The letter only named one impacted judge – U.S. District Judge Esther Salas. 

Salas’ 20-year-old son, Daniel Anderl, was murdered on July 19, 2020, at the family’s home in North Brunswick, New Jersey. The gunman, who posed as a FedEx delivery driver, also critically wounded Salas’ husband. The suspect was identified as Roy Den Hollander, a self-proclaimed anti-feminist lawyer who previously appeared in Salas’ courtroom. Authorities said Den Hollander died of a self-inflicted gunshot wound in upstate New York days after killing Daniel. 

Before the shooting, Salas had handled high-profile cases, including those involving Jeffrey Epstein and the Real Housewives of New Jersey stars Teresa and Joe Giudice.

Last month, Salas told news outlets that she and other judges have received strange pizza deliveries at their homes, with at least 10 of them having her son’s name on the order. 

In March, Supreme Court Justice Amy Coney Barrett’s family members reported receiving strange pizza deliveries to separate households, Newsweek reported. Authorities said Barrett’s sister also received a bomb threat. 

J. Michelle Childs of the U.S. Court of Appeals for the District of Columbia Circuit also claimed in a podcast last month that a mysterious pizza delivery had arrived at her door. 

‘Federal judges are receiving anonymous deliveries as an intimidation tactic. It’s an ongoing threat… and it’s increasing,’ Durbin wrote on X. ‘Some deliveries are even using the name of a judge’s son who was murdered by a former litigant posing as a deliveryman. Attorney General Bondi and FBI Director Patel must investigate.’ 

‘Judges are facing ongoing and increasing threats… even against their families,’ Senate Judiciary Democrats said on X. ‘Pam Bondi must commit to fully supporting the Marshals Service and—at minimum—maintaining the current size of its workforce.’ 

Fox News Digital reached out to the Justice Department and the FBI for comment early Wednesday but did not immediately hear back. 

This post appeared first on FOX NEWS

Amazon’s Zoox issued a software recall for 270 of its robotaxis after a crash in Las Vegas last month, the company said Tuesday.

The recall surrounds a defect with the vehicle’s automated driving system that could cause it to inaccurately predict the movement of another car, increasing “the risk of a crash,” according to a report submitted to the National Highway Traffic Safety Administration.

Zoox submitted the recall after an April 8 incident in Las Vegas where an unoccupied Zoox robotaxi collided with a passenger vehicle, the NHTSA report states. There were no injuries in the crash and only minor damage occurred to both vehicles.

“After analysis and rigorous testing, Zoox identified the root cause,” the company said in a blog post. “We issued a software update that was implemented across all Zoox vehicles. All Zoox vehicles on the road today, including our purpose-built robotaxi and test fleet, have the updated software.”

Zoox paused all driverless vehicle operations while it reviewed the incident. It’s since resumed operations after rolling out the software update.

Amazon acquired Zoox in 2020 for over $1 billion, announcing at the time that the deal would help bring the self-driving technology company’s “vision for autonomous ride-hailing to reality.” However, Amazon has fallen far behind Alphabet’s Waymo, which has robotaxi services operating in multiple U.S. markets. Tesla has also announced plans to launch a robotaxi offering in Austin in June, though the company has missed many prior target dates for releasing its technology.

Zoox has been testing its robotaxis in Las Vegas, Nevada, and Foster City, California. Last month, Zoox began testing a small fleet of retrofitted vehicles in Los Angeles.

Last month, NHTSA closed a probe into two crashes involving Toyota Highlanders equipped with Zoox’s autonomous vehicle technology. The agency opened the probe last May after the vehicles braked suddenly and were rear-ended by motorcyclists, which led to minor injuries.

This post appeared first on NBC NEWS

The XRP price remains under pressure after falling for five consecutive days, and moving to its lowest level since April 22. Ripple remains 37% below the highest point in January, meaning investors have lost billions of dollars in the past few months.

The likely catalyst for the XRP price is the upcoming approval of Ripple ETFs by the Securities and Exchange Commission. This article explores how high the coin will jump if it achieves the $8 billion inflows analysts at JPMorgan expect.

Odds of XRP ETF approval are high

XRP has become one of the most popular cryptocurrencies this year. As a result, it has had the most ETF applications by companies like Franklin Templeton, Bitwise, Canary, and Grayscale. 

While odds on Polymarket have fallen from 84% in April to 76% today, most analysts believe that the approval is just a matter of time. While the SEC has an October deadline, the approval will likely happen sooner.

Besides, the SEC is now being led by Paul Atkins, a lawyer who has been supportive of the industry for a long time. 

The SEC has already taken several actions to support the industry. For example, it has ended several lawsuits against companies like Ripple Labs, Uniswap, Coinbase, and Immutable.

JPMorgan analysts believe that the XRP ETFs will have over $8 billion in inflows in the first year. If accurate, this would make these ETFs higher than Ethereum ones.

Ripple price outlook if the ETFs hit the JPMorgan outlook

It is hard to predict how high the XRP price would go after the ETF approvals, since there are many moving parts. 

One easy way to predict this is to add $8 billion to the coin’s market cap, which in this case, would bring its valuation from $123 billion to $131 billion. 

XRP has a circulating supply of 58.5 billion. Therefore, dividing the two numbers would bring the XRP price to $2.25, a few points above the current level. This approach, however, has limitations, and there are chances that the price would rise higher than the forecast.

Another approach is to use a certain multiplier. A more conservative approach is to compare how Bitcoin has jumped since its ETF application. It has soared by over 210% since the approval in January last year.

Assuming that the XRP price rises by the same margin, there is a likelihood that the coin will surge to $5.25. Such a move would bring the coin’s market cap to over $388 billion, which is reasonable.

Read more: XRP price surges 6% as SEC acknowledges another XRP ETF proposal

XRP has other catalysts

The XRP price also has other catalysts that may push its value higher in the long term. First, Rippl Labs is aiming to disrupt the payment industry by having a solution that is faster and cost-effective than SWIFT. This goal may become achievable since the Ripple vs SEC case ended recently.

Further, Ripple Labs is becoming a major player in the stablecoin industry as its RLUSD market cap has jumped to over $317 million. It is also seeking to acquiring Circle, a top company that runs USDC, which has over $61 billion in assets. 

XRP price will benefit as Visa anticipates that the stablecoin market will be worth over $1.6 trillion in the next few years. 

XRP price has bullish technicals

XRP price chart | Source: TradingView

Further, as the chart above shows, XRP price has strong technicals that will push it higher over time. That’s because it has formed a falling wedge pattern, which is made up of descending and converging trendlines. It has also formed a bullish pennant pattern, pointing to a rebound to the year-to-date high of $3.4.

The post XRP price prediction if spot Ripple ETFs hit JPMorgan’s $8 billion target appeared first on Invezz

Lucid Group stock price has crashed this year and is underperforming the broader market amid growth and profitability concerns. LCID crashed to a low of $2.35 on Tuesday and is hovering slightly above last year. 

It has plunged from $64 in 2020 to become a penny stock with a market cap of $7.2 billion, down from a record high of over $112 billion. This article explores what to expect when the company publishes its results on Tuesday.

Lucid Group earnings ahead

The LCID stock price will be in the spotlight on Tuesday as the Tesla rival publishes its first-quarter numbers. 

These data come at a difficult time for the automobile industry as the recently announced auto tariffs lead to supply chain issues. 

Lucid Group is, to some point, insulated from the general auto tariffs since it manufactures its vehicles in the United States. This means that its vehicles will not be tariffe, although the raw materials it uses will be. 

The other risk is that Lucid’s global expansion push may be affected since it has no plants outside the US. As such, potential markets like those in Europe and even Canada will likely retaliate by boosting vehicle tariffs from the US.

Wall Street analysts are optimistic that Lucid Group will report relatively strong numbers. The average estimate is that its revenues will be $246 million, up by 42.5% from the first quarter of last year. 

The most recent numbers showed that Lucid Motors produced 2,212 vehicles in the first quarter. It also had 600 vehicles on transit to Saudi Arabia for final assembly. It then delivered 3,109 vehicles during the quarter. 

Analysts also expect the company to narrow its losses. They expect the numbers to show that the loss per share will be 23 cents, an improvement from last year’s 30 cents. 

The annual guidance is also expected to show that the company’s business was growing. Analysts see the annual revenue rising from $807 million in 2024 to $1.47 billion this year and $2.8 billion in the next one.

Read more: Lucid stock price could be at risk amid strong vehicle depreciation

Is LCID stock a good buy

Lucid Group has made a lot of progress in the past few year, even though its profitability has remained elusive.

The most recent numbers revealed that it produced 9,029 vehicles in 2024 and delivered 10,241 of them. It also guided to an annual production target of 20,000 vehicles this year, representing a 121% increase. This explains why many analysts anticipate that its annual revenue will jump by over 80% this year. 

Lucid has also raised cash to boost its balance sheet. It recently raised $1 billion through a convertible senior notes offering. A convertible note is a form of debt financing, but where the lenders have the ability to convert their debt into stock if it rises. 

This fundraising was important as the company ended the last quarter with over $1.6 billion in cash and investments, and $2.4 billion in short-term investments. 

Lucid Group also acquired assets owned by Nikola and extended offers to about 300 of the company’s former staff.

Lucid Group stock price analysis

LCID stock chart | Source: TradingView

The daily chart shows that the LCID share price peaked at $3.65 in January and then dropped to $2.35. It has dropped below the 50-day moving average.

Most importantly, it has formed a bearish flag chart pattern, a popular bearish continuation sign. It has also formed a rising wedge pattern, another reversal sign. 

Therefore, the stock price will likely drop after earnings. If this happens, the next point to watch will be at $2, the lowest level on March 11. A move above the resistance point at $2.65 will invalidate the bearish outlook.

The post Lucid Group stock forecast ahead of earnings: buy, sell, or hold? appeared first on Invezz

The FTSE 100 Index has rebounded in the past few weeks as investors bought the dip and as global stocks surged. It has risen in the last 15 consecutive days, its longest winning streak in years. This article lists some of the top FTSE Index shares that are leading the charge this year.

FTSE 100 Index chart by TradingView

Top FTSE 100 shares of 2025

Most companies in the FTSE 100 Index have rallied this year even as concerns surrounding tariffs remain. 

Babcock International, a top player in the defense industry, is the best-performing company in the FTSE Index this year as it jumped by 67%.

Similarly, BAE Systems, another top player in the defense industry, has jumped by 54% this year. These firms have done well as investors focus on the rising defence spending in Europe and the United States.

Germany, a country that has always been conservative on spending, made headlines earlier this year when it voted to approve deficit spending worth billions of euros.

Other European countries like Italy, the UK, and France are all working to boost their defense spending, citing the unreliability of the United States under President Donald Trump.

Fresnillo stock has surged by 62% this year, making it the second-best-performing company in the FTSE 100 Index. This surge happened because of its industry since it is one of the biggest silver mining companies in the world. As such, its business is benefiting from the rising silver price, which has jumped to $33 from the year-to-date low of $28.

Silver has rallied because it is widely seen as gold’s small cousin. With the gold price rising, many people have moved to silver to benefit from its strong momentum.

Endeavor Mining share price has jumped by 45% this year, bringing the 12-month gains to 22%. Like Fresnillo, the Endeavor stock price is doing well because of its exposure to the commodity industry. The company is a top gold producer with mining operations in Senegal, Ivory Coast, and Burkina Faso. Its stock has soared because of the rising gold prices.

Other top FTSE Index top gainers

Coca-Cola share price has soared by 40% this year because the company is often seen as an all-weather player that does well in all market conditions. It is less exposed to Trump’s tariffs because most of its manufacturing is local and consumers always take its products.

Rolls-Royce’s share price has jumped by 37% this year as demand for its products and services has remained high. In its results last week, the management hinted that it will hit its annual profit and cash flow targets despite Trump’s tariffs.

Lloyds share price has soared by 30% this year, making it the best-performing bank stocks in the FTSE 100 index. This rally continued last week after it published strong earnings, helped by increased mortgage lending business. It has also largely settled the motor insurance claims that cost it over £1 billion last year.

The other top companies in the FTSE 100 Index are Prudential, Next PLC, Admiral Group, Aviva, NatWest Group, and BT Group.

Top laggard in the Footsie Index

Not all companies in the blue-chip Footsie Index have rallied this year. The top laggards in the index are WPP, Bunzl, Ashtead Group, Melrose Industries, JD Sports, Intercontinental Hotels, and Anglo American.

WPP, the biggest advertising agency in the world, has plunged by 30% this year as demand for advertising business waned. This demand may continue to wane as companies focus on cost savings because of Donald Trump’s tariffs.

Ashtead Group stock price has dropped by 18% this year as recession risks in the UK and the United States remain. Historically, equipment rental demand tends to wane when there is a downturn.

Looking ahead, the next important catalyst for the FTSE 100 Index will be the upcoming Bank of England interest rate decision. Analysts expect that the tariff issue will push the bank to cut interest rates by at least 0.25%.

The post FTSE 100 Index is surging: here are the top shares in 2025 appeared first on Invezz

Brent crude oil price remained under pressure this week as concerns about global supply continued. It dropped to a low of $58.7 on Monday, its lowest level since February 2021 also as analysts from companies like Citigroup, Goldman Sachs, and Morgan Stanley slashed their oil price forecast.

Why crude oil price is crashing

Brent and West Texas Intermediate (WTI) have crashed and are hovering at their lowest level in years. This decline happened amid the rising concerns of a supply and demand imbalance.

Analysts at the International Energy Agency (IEA) and the Energy Information Administration (EIA) have all downgraded their demand estimates because of the rising trade war between the United States and other countries.

The EIA reduced its demand estimate by 300k barrels of oil a day, meaning that its annual growth will continue by just 730k this year. Similarly, the EIA and OPEC have all lowered their demand estimates for the year.

At the same time, the International Monetary Fund (IMF) has slashed its global growth estimate, and now expects the average rate to be 2.8% this year and 3% in 2026. These estimates are lower than the previous guidance of 3.3%. Oil demand often fall when the global economy is not doing well. 

Read more: Here’s why the Brent crude oil price could crash below $50 soon

Supply concerns pushes Citi, Goldman Sachs, and Morgan Stanley to slash forecast

The Brent crude oil price has also dropped as concerns about the rising global supply remain.

OPEC+ member countries announced that they would increase the daily production by over 400k barrels a day. It was the second time in a row that the cartel has decided to increase the daily output.

More supply will likely come from Iran if it reaches a deal with the United States. With its economy struggling, there is a likelihood that the country will be open to a deal in the coming months. 

The ongoing supply and demand imbalance explains why analysts have slashed their crude oil price forecast. Barclays has slashed its forecast by $4 per barrel to $66 for this year and $60% for 2026. 

Morgan Stanley analysts slashed their oil prediction to $62.50 as it expect the oil market glut to hit 1.1 million barrels a day, up by 400k from its previous estimate.

Similarly, analysts at Goldman Sachs see the crude oil price falling to $60 this year, down from the previous estimate of $63. It also sees the price falling to $52 last year. 

There are signs that oil producers are adjusting their budgets. Russia, which makes most of its money from energy. According to Bloomberg, the country is now considering changing its budget-building mechanism as prices plunge. It will do that by reducing the threshold of its budget from $60 to $50. 

Brent crude oil price forecast

Brent crude oil price chart

Our last crude oil prediction pointed to more downside, with Brent falling to below $50 later this year. This forecast continues to work out well as Brent has dropped to $58.7, its lowest level in years.

The main reason for this is that Brent has formed a descending triangle pattern, a popular bearish continuation sign. It has dropped below the key support level at $70, the lower side of this triangle.

Brent remains below all moving averages, while all oscillators have pointed downwards. Therefore, the price will likely continue falling, with the next target to watch being the psychological point at $50. A move below that level will point to further downside, potentially to $47. 

This target is derived from measuring the widest part of the triangle and then measuring the same from the lower side. A move above the resistance at $70 will invalidate the bearish oil forecast.

The post Brent crude oil price forecast by Citi, Goldman Sachs, and Morgan Stanley appeared first on Invezz

Warner Bros. Discovery stock price has crashed and is hovering near its all-time low of $6.68 after plunging to a high of $16.14 in 2023. 

The WBD share price continued its sell-off this week after Donald Trump announced new tariffs on all foreign-made movies that could affect some of its titles like Dune, A Minecraft Movie, Supergirl, and JJ Abrams’ Next Feature.

This article explores what to expect ahead of Warner Bros. Discovery earnings scheduled for later this week.

Warner Bro. Discovery is facing challenges 

The WBD stock price has retreated in the past few years as the company has started facing many challenges. Like other Hollywood studio company, it went through a prolonged strike that affected its slated productions and caused substantial losses.

It is also one of the most indebted companies in the media industry with over $36 billion in long-term debt, $6.9 billion in deferred tax liability, and $3 billion in capital leases. On top of this, the company has over $6.5 billion in other non-current liabilities.

Most importantly, Warner Bros. Discovery is one of the top companies in the television industry, where it owns companies like CNN, Discovery Channel, and OWN. All these brands are struggling to gain market share as demand for television content wanes and cable cutting continues.

WBD earnings ahead 

The next important catalyst for the WDD stock price will be the upcoming quarterly earnings, which will provide more color about the state of its business.

The most recent financial results showed that most of its business continued struggling in the last quarter.

Its total revenue dropped by 2% in the quarter to $10.0 billion as its advertising business plunged by 12%. This segment may continue struggling as companies lower their marketing budget because of Donald Trump’s tariffs.

The distribution business was flat, with its revenue remaining at $4.91 billion, while the content revenue fell by 2% to $2.90 billion.

Warner Bros. Discovery also reported a net loss of $200 million, which happened because of a $1.9 billion acquisition-related amortization and restructuring costs.

Analysts will be watching the upcoming financial results, which will come out on May 8. The expectation is that its revenue dropped by 3.65% in the first quarter to $9.59 billion.

Its loss-per-share are expected to come in at 13 cents, an improvement from the 40 cents it lost last year. Still, there is a likelihood that the earnings will be lower than expected since it has missed in two of the last two earning.

The 25 analysts tracked by Yahoo Finance expect that its annual revenue will be $38 billion, down by 1.47% from last year.

Analysts are largely bullish on WBD stock, pointing to its cheap valuation, potential for spinning off its television business, and its debt reduction measures. Some of the most bullish analysts are from companies like Wells Fargo, Keybanc, Barclays and Raymond James.

The average WBD stock price forecast by analysts is $13, up from the current $8.37.

Warner Bros stock price analysis 

The weekly chart shows that the WBD share price has remained under pressure in the past few years as it became one of the worst-performing companies in the media industry.

It has formed a descending triangle pattern whose lower side is at $6.97. This triangle is one of the most bearish patterns in the market.

WBD stock has formed below all moving averages. Therefore, the most likely scenario is where it crashes to the psychological point at $5, down by about 40% below the current level. A move above the upper side of the descending trendline will invalidate the bullish outlook.

The post Here’s why Warner Bros stock price could crash to $5 after earnings appeared first on Invezz

Vestas, a prominent wind turbine manufacturer, issued a warning on Tuesday regarding the anticipated consequences of President Donald Trump’s implemented import tariffs, specifically highlighting the potential for increased electricity prices for consumers across the US. 

The company explicitly stated its inability to internally absorb the additional financial burden imposed by these tariffs, according to a Reuters report

This assertion suggests a direct pass-through of these costs down the supply chain, ultimately affecting the final price of wind energy projects and, subsequently, the cost of electricity generated from wind power. 

Vestas’ statement underscores the potential negative repercussions of import tariffs on the renewable energy sector and the broader energy market

Impact of trade tensions

This raised concerns about the impact of tariffs on the affordability and accessibility of clean energy for American households and businesses. 

The inability of a major player like Vestas to mitigate these tariff costs signals a potentially wider trend affecting other companies within the wind energy industry and related sectors. 

This situation could potentially slow down the growth of wind power deployment in the US and hinder the transition towards cleaner energy sources.

The wind turbine industry relies on globally sourced components and materials, which exposes it to potential disruptions from international trade tariffs.

Vestas CEO Henrik Andersen was quoted in the Reuters report:

Ultimately, the tariffs will go in and be part of an increased cost to the projects and therefore it will lead to an increased price in electricity.

Vestas, the largest wind turbine manufacturer outside of China, anticipates “notable challenges” stemming from the current tariffs. 

The Danish company specifically highlighted the potential impact on fulfilling its existing order backlog in the US.

Andersen did not provide specific figures for potential price increases, noting that the extent of these increases would depend on the project’s location and schedule, according to the report.

Earnings performance

Vestas announced a first-quarter operating profit of 14 million euros ($15.8 million) before one-off items. 

This result surpassed analyst expectations from a recent poll, which had anticipated a loss of 29 million euros.

Vestas anticipates that potential tariff impacts can be managed within their existing 2025 financial outlook, which led to an approximate 4% increase in the company’s share price.

Besides tariffs, the wind industry’s growth is hampered by grid bottlenecks, protracted permitting, tighter financing, and strong US government resistance to offshore wind development.

Meanwhile, Equinor’s Empire Wind I offshore construction in New York State has been halted following a stop-work order from US Interior Secretary Doug Burgum, the Norwegian energy company announced last month. 

This development is a setback for both Equinor and the broader offshore wind industry.

Anderson further stated that the possible loss of the 810-megawatt order is not expected to have a major effect on Vestas.

He said:

If it’s not being built, we adjust it out of the backlog, and then we take the turbines to some of our other customers if it’s possible to reallocate.

The post Wind turbine giant Vestas unable to absorb tariff costs, predicts price hikes in the US appeared first on Invezz