QtrendsVeteran strategists urge investors to stay bullish on stocks as earnings defy skeptics, while Goldman Sachs forecasts another 40% gain. Geopolitical turmoil in Iran drives oil markets into crisis territory, with the IEA warning of 'critical' stockpile levels by summer, though crude stays below $100 a barrel. In Washington, Trump signs an executive order mandating pre-launch national security reviews of advanced AI models. Media veteran Scott Pelley is fired by CBS after a heated dispute over the future of '60 Minutes'.
Veteran strategists are advising investors not to turn bearish on stocks now, suggesting a potential shift in six months instead. Goldman Sachs forecasts another 40% gain for the world's hottest stock market, which has already doubled this year. Meanwhile, 15 stocks widely hated by Wall Street posted earnings that proved analysts wrong. The overall sentiment points to continued market optimism despite lingering uncertainties.
The US-Israel military campaign against Iran has severely disrupted global oil markets. The International Energy Agency warns that oil stockpiles could fall to 'critical levels' by summer. Hostilities in the Persian Gulf continue to flare overnight, sending oil prices higher. Analysts are debating whether this conflict has forced the world past peak oil supply.
Despite escalating geopolitical tensions in the Middle East, oil prices remain below the $100 per barrel threshold. CNBC identifies three key reasons keeping a lid on prices. Oil has risen for three consecutive days as hopes for a peace deal remain uncertain. The limited oil price gains have not prevented Wall Street from continuing to set new records.
CBS News has fired veteran journalist Scott Pelley following a clash with management over '60 Minutes'. Pelley has accused CBS News leadership of 'murdering' the iconic news program. The dismissal marks a significant shakeup at one of television's most respected news magazines. The conflict highlights ongoing tensions between veteran journalists and network management.
President Trump has signed an executive order requiring access to new AI models before they launch. The order aims to vet top AI systems for potential national security risks. Major AI companies will be required to provide their models for government review prior to public release. The move signals increasing government scrutiny of rapidly advancing artificial intelligence technology.