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Before the war, roughly 135 ships passed through the Strait of Hormuz every day. Iran claims 26 made it through on May 19 and 20, with help from the Islamic Revolutionary Guard Corps. The gap between those two numbers is the context for everything happening in the strait right now. On May 20, Tehran made […]

Every generation of Wall Street workers learns the same lesson the hard way. The bank you joined is rarely the bank you retire from. Roles get reshuffled, divisions get sold off, and the career path that looked rock-solid on day one almost never matches the one that pays out at year 30. For decades, the

Venezuela wants the world’s largest oil companies to help rebuild an industry that once made it one of the most important crude producers in the Western Hemisphere. ConocoPhillips CEO Ryan Lance just made clear that the country still has a major credibility problem with at least one oil giant. Lance said Venezuela’s early steps to

Crash predictions have become a near-constant presence in housing market coverage. Between rising foreclosure filings and climbing delinquencies on certain loan types, the headlines have given many homeowners the sense that a serious downturn is close at hand. The data, however, does not line up neatly with that fear. Mortgage delinquency rates remain below their

The Great Freight Recession, which began in 2022 has continued into 2026, despite truckload spot and contract rates rising in April. The industry downturn has resulted in trucking company closings and bankruptcies, most recently affecting California-based NTL Truck Line Inc. The increase in spot rates was not caused by an increase in freight demand, but

Another familiar name on high streets is disappearing as mounting financial pressure and fierce competition continue to reshape the retail industry. The company spent years trying to survive a market that has become increasingly unforgiving. After multiple insolvency proceedings, shrinking sales, and mounting competition from ultra-cheap online rivals, the company is now preparing to shut

On May 18, Micron’s stock fell nearly 6%. On the same morning, three major Wall Street firms turned more bullish on the stock simultaneously. That kind of split between the tape and the research desk does not happen often. Understanding why Citi nearly doubled its price target on a stock that just sold off sharply

Gold has a way of being ignored until it isn’t. For decades, retail investors have treated it as the asset they buy after the worst already happened. Stocks crater, the dollar wobbles, a war breaks out, and suddenly everyone remembers there are bars in a vault somewhere doing nothing but holding their value. That muscle

Alphabet (GOOGL) has the most popular search engine, is a hyperscaler, and is one of the best-positioned companies in the artificial intelligence race. The stock is up about 22.85% year to date, at the time of writing, Friday morning, May 22, according to Yahoo Finance. Meanwhile, the SPDR S&P 500 index (SPY) is up about

TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. Memorial Day sales have officially begun, kicking off a long weekend of deep discounts on everything from home appliances to patio furniture. Even though many are focusing on their outdoor spaces,