from a high of 5.0% last year. The cost of the war keeps growing by the day. Expect negative numbers soon, taking us into recession.

taking the stock down 4%. The phone is to be the “next big thing” for the company. Apple has suffered setbacks in the engineering test phase for the iPhone that could hurt mass production and product shipments.

European and ‌Asian refiners are paying record-high prices for some crude oil grades, far exceeding prices for paper futures, highlighting the worsening supply crisis from the U.S.-Israel war with Iran. The Iran war has forced the shutdown of at least 12 ​million barrels per day - about 12% of world supply - from the Middle East due to Iran's effective ​closure of the Strait of Hormuz. As a result, Brent oil futures reached $119.50 a ⁠barrel last month, the highest since 2022, although still short of the 2008 record high of $147.50. The nearby ​Brent contract is for June delivery.

Jet fuel, which had averaged about $85 to $90 a barrel before the U.S. and Israeli strikes on Iran in February, has surged to around $209 per ​barrel globally, according to the International Air Transport Association (IATA). (DAL) earnings are out tomorrow.

following a prolonged period of underperformance, creating a potential entry point for investors, Goldman ​Sachs said on Tuesday. So far this year, we have seen one ‌of the weakest periods of relative returns for technology over the past 50 years.