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Shares of FedEx (FDX.N) and United Parcel Service (UPS.N) continued to fall, both dropping nearly 10%.

2026-05-05

Shares of FedEx (FDX.N) and United Parcel Service (UPS.N) continued to fall, both dropping nearly 10%.

Other News
2026-05-04

Hong Kong Exchanges and Clearing (HKEX) is considering relaunching gold futures trading, according to its head of markets Yu Xueqin. He said the exchange will consult market participants to optimize contract design and improve mechanisms. Yu noted th

Hong Kong Exchanges and Clearing (HKEX) is considering relaunching gold futures trading, according to its head of markets Yu Xueqin. He said the exchange will consult market participants to optimize contract design and improve mechanisms. Yu noted that geopolitical factors are prompting investors to diversify gold trading and reserves, making stronger integration with Hong Kong’s physical gold ecosystem necessary. HKEX said it will continue studying the initiative to better meet investor demand and support growth in new futures products.
2026-05-04

A report by Foreign Affairs estimates Iran could generate about $80 billion annually from the Strait of Hormuz, based on charges such as $5 per barrel of oil, 20 cents per thousand cubic feet of gas, $25 per ton of sulfur, and $30 per ton of urea. Th

A report by Foreign Affairs estimates Iran could generate about $80 billion annually from the Strait of Hormuz, based on charges such as $5 per barrel of oil, 20 cents per thousand cubic feet of gas, $25 per ton of sulfur, and $30 per ton of urea. The publication also said the era of “maximum pressure” has ended.
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