Latest Business News
Oil Prices Surge 10% Amid Middle East Conflict Escalation
Crude oil rose another 10% yesterday due to ongoing Middle East war, up 43% since conflict outbreak and 68% year-to-date. The surge ripples across asset classes, pushing Treasury yields higher and pressuring markets.
Trump demands other nations' help on Hormuz Strait security amid rising tensions.
Walmart's International Business Posts Strong Q4 Growth
Walmart's international segment achieved 7.5% sales growth and 17% e-commerce increase in Q4 fiscal 2026. This reflects broad momentum from higher transactions, category performance, and digital adoption across markets.
The results signal continued strength ahead for WMT.
Cyber ETFs Gain Traction from War-Driven Demand
Cybersecurity ETFs like CIBR are rising as Middle East war boosts demand for digital defense solutions. Investors seek protection amid escalating cyber threats tied to geopolitical conflicts.
The trend lifts cybersecurity stocks broadly.
AeroVironment Acquires ESAero for $200 Million
AeroVironment completed its $200M acquisition of Empirical Systems Aerospace, with $160M in stock and rest cash. The deal adds electric/hybrid propulsion, rapid prototyping, and AS9100 manufacturing to its defense portfolio.
Expected to be accretive to adjusted EBITDA in first year post-closing.
Allegiant Air's Sun Country Acquisition Advances
Allegiant and Sun Country announced early termination of Hart-Scott-Rodino waiting period for proposed acquisition. This clears a key antitrust hurdle dated March 16, 2026.
The move accelerates the airline merger process.
TWO Adjourns Special Meeting for UWM Merger Vote
Two Harbors Investment adjourned its special stockholder meeting to March 24, 2026, for more voting time on UWM merger. The all-stock deal offers 2.3328 UWMC shares per TWO share.
Previously announced December 17, 2025, pending approvals.
GN Store Nord Sells Hearing Business for DKK 17B
GN Store Nord agreed to sell its Hearing business to Amplifon for DKK 17.0 billion on March 16, 2026. The deal creates a global audiology leader with €3.3B revenues across 100+ countries.
GN updates 2026 guidance to 2-8% organic growth for remaining Enterprise and Gaming.
Public Storage to Acquire National Storage Affiliates
Public Storage announced acquisition of National Storage Affiliates on March 16, 2026, to create significant stakeholder value. The deal positions it as a larger self-storage player.
Details emphasize value creation for all parties involved.
New Providence Acquisition III Merges with Abra for $750M
New Providence Acquisition III signed a $750M stock deal to merge with Abra Financial Holdings, domesticating to Delaware. The business combination expands Abra's financial services via SPAC structure.
Announced recently, advancing toward completion.
War with Iran Reshapes Global Markets and Investments
Ongoing war with Iran is rewriting global markets, influencing investment strategies and capital flows. Analysis highlights countries best positioned in volatile world amid oil shocks.
Discussed at SXSW by experts on Prof G Markets.
Armada Acquisition Corp. III Starts Separate Unit Trading
Armada Acquisition Corp. III enables separate trading of its 24.85M units from March 27, 2026. This follows its NASDAQ listing as AACIU.
Allows holders to trade components independently.