markets

Saleah Blancaflor4/28/26

US gas prices hit the highest level since the Iran war began, at $4.18 per gallon

US gas prices climbed on Tuesday to their highest level in four years as peace talks between the US and Iran are at a standstill.

The national average gas price is currently $4.18 per gallon, according to the American Automobile Association. The 1.6% rise is the highest percentage increase in more than a month — and the last time the price of gas was this high was in April 2022 following Russia’s invasion of Ukraine.

Less than a week ago, AAA reported that US gas prices had gone down to $4.03 per gallon, giving drivers a very brief sigh of relief.

Oil prices also continued to rise on Tuesday as negotiations over reopening the Strait of Hormuz remain at a deadlock. Additionally, the UAE made a bombshell announcement that it’s leaving OPEC, adding to the disruption in the oil market.

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(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

We’re halfway through the last week of April and prediction markets currently show traders pricing in a 73% chance that the price of gas could rise above $4.24 with just a few days left in the month.

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Oil prices also continued to rise on Tuesday as negotiations over reopening the Strait of Hormuz remain at a deadlock. Additionally, the UAE made a bombshell announcement that it’s leaving OPEC, adding to the disruption in the oil market.

Loading...

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

We’re halfway through the last week of April and prediction markets currently show traders pricing in a 73% chance that the price of gas could rise above $4.24 with just a few days left in the month.

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J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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markets

Paige Oamek6/30/26

Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

Revenue of $11.0 billion (estimate: $10.8 billion).
Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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