Broadcom Inc. shares plunged by the most in more than 16 months after the company’s forecast for sales of its artificial intelligence chips disappointed investors. AI semiconductor revenue will be $16 billion in the fiscal third quarter running through July, the...

Sherwin-Williams Co. warned rising input costs could weigh on results later this year, after currency tailwinds helped it post stronger-than-expected sales growth in the first quarter. While the paint maker maintained its full-year adjusted profit guidance, it now...

More than half of the Middle East’s urea output may have been lost since the start of the Iran conflict, which is continuing to disrupt fertilizer flows from the region and threatening global food inflation. The effective closure of the Strait of Hormuz has choked...

Iran is rapidly running out of places to store crude oil, threatening to accelerate production cuts in what was once OPEC’s second-largest source, according to research firm Kpler. The Islamic Republic has enough unused storage capacity to last another 12 to 22 days,...

Asian nations face the prospect of prolonged strain on crucial energy supplies as the conflict in the Middle East grinds past the two-month mark, with the Strait of Hormuz still largely off-limits to shipping. Governments have already raided their policy toolkits by...

Investors in a Blue Owl Capital Inc. fund tendered less than 1% of shares to Boaz Weinstein’s Saba Capital Management and Cox Capital Partners, which had offered to buy them out at a steep discount, according to people familiar with the matter. The tender offer for...

The Strait of Hormuz oil shock has yet to crash demand as the rich world borrows from its stocks and pays up to secure supply. Traders are now sounding the alarm that a harsh adjustment is coming. The longer the vital oil channel doesn’t reopen, traders say, the more...

There are lots of things that can move the stock market, from economic data, to Federal Reserve pronouncements, to corporate developments. But for the past 15 months, traders’ fortunes have been largely tethered to the whims of a single person: President Donald Trump....

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 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...