Articles about Sector

President says he is open to scaling back strikes on oil and wider energy industry if Moscow reciprocates. What we know on day 1,496 Continue reading...

• President Trump announced he is delaying threatened strikes on Iran's energy infrastructure, citing productive talks on ending the war and extending the deadline for Iran to reopen the Strait of Hormuz. • Iranian leaders continue to deny any direct talks are taking place with U.S. officials, maintaining their public position on the dispute. • The delay signals potential diplomatic progress while tensions remain high over regional shipping routes critical to global oil supplies.

• The Nasdaq 100 and Dow Jones Industrial Average have both entered correction territory, defined as a more-than-10% decline from recent peaks, marking a significant milestone in the market downturn. • Tech stocks have been particularly hard hit, with Amazon dropping 3.1% and Meta Platforms falling 3.5%, as the sector faces pressure from both high valuation concerns and geopolitical tensions related to the Iran war. • The S&P 500 has suffered five consecutive weeks of losses—its longest losing streak in nearly four years—and is now 8.7% below its record set in early 2026.

• President Trump announced a 10-day pause in strikes on Iran's energy infrastructure through April 6, 2026, at 8:00 p.m. Eastern time, citing ongoing negotiations mediated by Pakistan under a 15-point framework. • Trump disclosed that Iran sent ten oil tankers as a goodwill gesture, and Secretary of State Marco Rubio characterized Iran's clerical leadership as "religious fanatics" posing a global nuclear threat. • Israel confirmed the killing of Iran's navy head responsible for Strait of Hormuz disruptions, while Iran launched emergency recruitment and lowered its draft age to 12, according to CBN News reporting.

• President Trump extended the strike deadline on Iran's energy sector while warning that failure to accept current negotiation terms would result in "far greater military consequences," according to White House statements. • The White House confirmed ongoing negotiations with Iranian leadership despite military operations continuing at historic levels, with Iranian leadership described by Trump as "desperate to negotiate."

Policy brought forward as Middle East war highlights fragility of global supply chainsBritish suppliers will be prioritised for public contracts in shipbuilding, steel, AI and energy infrastructure under new guidance marking them out as sectors vital to national security.Departments will also have to either use British steel or justify sourcing it from overseas, under the rules announced by the government. Continue reading...

• Technology companies are collaborating with the energy industry to address surging electricity demands, announcing new ideas on March 25, 2026, in Houston. • Big Tech is shifting its approach by offering high-tech solutions to prevent grid failures amid rising power needs from data centers and AI. • The partnership aims to enhance grid reliability, countering previous calls for simply more electricity generation.

• The Treasury Department's FSOC and AITO launched the AI Innovation Series, a public-private initiative with four roundtables convening financial institutions, tech firms, and regulators on high-value AI use cases. • Treasury Secretary Scott Bessent stated, 'Leadership in AI adoption is a crucial component of economic security,' shifting regulation from constraint to enabling productivity-enhancing tech. • Deputy Assistant Secretary Christina Skinner emphasized AI's role in fraud detection, credit allocation, and operational resilience for financial stability.

• The S&P 500 declined 0.84% to 6,551.67 in afternoon trading on Friday with 139 equities advancing and 364 declining across the index, indicating broad-based weakness. • Market rotation continued with only the utilities sector trading in positive territory while all other sectors posted losses amid elevated geopolitical tensions and rising borrowing costs. • Market volatility remains high as investors grapple with competing concerns about inflation stemming from the Iran conflict and the potential impact on Federal Reserve policy decisions.

• Sumitomo Corporation is introducing Palantir Technologies' AI Platform (AIP) via U.S. group company Ascend SC in Texas for oil country tubular goods SCM. • The platform advances digital transformation in managing inventory and just-in-time delivery for diverse oil and gas drilling specs. • Collaboration with SCSK fuses business knowledge and tech for global DX and competitiveness in energy supply chains.

Charles Schwab stock rose 1.8% on March 13, 2026, amid gains in financial services, health care, and consumer goods sectors during a choppy session. About 61% of S&P 500 stocks advanced, with Schwab benefiting from defensive positioning. This resilience contrasts tech declines, pointing to rotation into value areas. Sector performance may persist if volatility continues.

Chinese EV maker NIO rose about 4% on March 13, 2026, indicating improving investor sentiment toward global electric vehicle manufacturers amid market turbulence. Gains followed strong trading volume, paralleling US peers like Tesla's stability. This occurs as broader indices like Nasdaq slipped, underscoring EV rotation appeal. Potential next steps involve tariff-related EV supply chain updates.