Wall Street Conviction Frays on Trades Riding Out AI, War Shock

One by one, high-conviction trades on Wall Street are falling out of favor. USO, the biggest US ETF tracking crude oil, is on pace for its steepest monthly outflow since 2009. SOXX, one of the largest semiconductor funds, is poised for its second-largest weekly...

Intel Shares Eclipse Dot-Com Peak After Blockbuster Forecast

Intel Corp. shares hit a record high after the chipmaker delivered a sales forecast that shattered Wall Street expectations, showing that it’s finally benefiting from a boom in AI spending. Revenue will be $13.8 billion to $14.8 billion in the June quarter, the...

US Consumer Sentiment Falls to Record Low on Inflation

US consumer sentiment fell in April from a month earlier to a record low, reflecting worries around the economic fallout from the Iran war. The University of Michigan’s final April sentiment index dropped to 49.8 this month from 53.3 in March. While that was slightly...

How Iran War Is Shaking Up Food Supply Chains

The arid Persian Gulf is hardly the world’s breadbasket. Yet the conflict in the region is sending shockwaves through the global food industry — from growers to packaging firms and distributors — with major implications for food security and living standards. The war...