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VIX Drops to 15.89 as Markets Calm Following US-Iran Ceasefire and Strait of Hormuz Reopening

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FTSE 100 Surges 0.8% Today as Oil Eases and Markets

NEW YORK — The VIX, Wall Street’s widely followed “fear gauge,” fell 0.31 points or 1.91% on Monday to close at 15.89, its lowest level in weeks, as investors embraced the US-Iran peace agreement and the reopening of the Strait of Hormuz, easing geopolitical tensions and boosting risk appetite across global markets.

The decline in the Chicago Board Options Exchange Volatility Index signals a continued unwinding of protective positions as concerns over prolonged energy supply disruptions faded. With the naval blockade lifted and shipping lanes restored, traders have grown more comfortable taking on risk, leading to lower implied volatility readings.

The VIX measures expected volatility in the S&P 500 over the next 30 days based on options pricing. A level below 16 generally indicates relatively calm market conditions, though readings can shift rapidly with new developments. Monday’s drop continues a trend of compression that began after the ceasefire announcement, allowing investors to focus more on corporate earnings and economic fundamentals.

Geopolitical Relief Drives Volatility Decline

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The US-Iran agreement, which includes the immediate reopening of the Strait of Hormuz to all shipping without tolls during the initial period, has been the dominant positive catalyst. President Donald Trump’s confirmation of the deal removed a major risk premium that had kept volatility elevated. Oil prices moderated, supporting corporate margins and consumer spending expectations.

Traders rushed to sell volatility products and cover short positions as the market priced in a lower-risk environment. The VIX often moves inversely to stock prices, and Monday’s synchronized rally in equities and decline in volatility exemplified this dynamic during positive geopolitical news.

Analysts described the move as consistent with historical patterns following major risk reductions. When headline uncertainties subside, implied volatility tends to compress as hedging activity decreases and capital flows toward growth assets.

Broader Market Reaction

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The VIX decline coincided with strong performance across major indices. The Dow Jones Industrial Average and Nasdaq Composite posted gains, with technology and financial sectors leading advances. The Russell 2000 small-cap index also rose, indicating that the positive sentiment extended beyond large-cap names.

Lower energy costs are expected to provide relief to households and businesses, supporting consumer spending and corporate profitability. This environment generally favors lower volatility as economic growth prospects improve and inflationary pressures moderate.

The Federal Reserve’s steady policy stance has contributed to market stability, with investors gaining clarity on the interest rate outlook. The combination of geopolitical relief and domestic economic resilience has created favorable conditions for reduced market swings.

Implications for Investors and Traders

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A lower VIX creates opportunities for strategies that benefit from reduced volatility, such as covered call writing or volatility-selling approaches. However, many investors maintain some hedging as a prudent measure given the potential for unexpected developments during the agreement’s implementation phase.

For portfolio managers, the decline in implied volatility lowers the cost of protective options, making it more affordable to guard against downside risk while staying invested in equities. This environment generally supports growth stocks and cyclical sectors that perform well when uncertainty is low.

Retail investors have shown increased participation in recent sessions, with many viewing the calmer market as an opportunity to add to positions. The VIX’s decline has coincided with inflows into equity funds, reflecting broader confidence.

Historical Context of VIX Movements

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The VIX has experienced notable swings in 2026 amid fluctuating geopolitical risks, inflation trends and corporate earnings cycles. Periods of de-escalation have historically led to compressed volatility as markets refocus on fundamentals.

Monday’s move aligns with past patterns where resolution of major international crises triggered relief rallies and VIX compression. The index’s sensitivity to news flow makes it a useful real-time barometer of investor sentiment.

While the VIX is not a perfect predictor, sustained lower readings often coincide with periods of steady market advances. However, sharp drops can sometimes precede periods of consolidation rather than continued calm.

What the Current Level Signals

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A VIX around 16 indicates that options traders expect relatively contained daily movements in the S&P 500 over the coming month. This level is below long-term averages but not at extremes that might signal complacency. The reading suggests markets are functioning normally without excessive fear or euphoria.

The decline in volatility benefits a wide range of strategies and market participants. It reduces hedging costs, supports corporate borrowing and generally encourages capital allocation toward productive investments rather than defensive positions.

For the broader economy, lower market volatility often correlates with improved business confidence and investment decisions. Companies may feel more comfortable expanding operations or making capital expenditures when external uncertainties are reduced.

Looking Ahead

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Market participants will closely monitor developments around the Iran agreement’s implementation, including verification of the ceasefire and progress on nuclear discussions. Any setbacks could quickly reverse some of the volatility compression seen recently.

Upcoming economic data, including inflation readings and manufacturing surveys, will also influence the VIX. Stronger-than-expected growth with contained inflation could support further declines in volatility, while surprises in either direction might prompt renewed hedging activity.

The Federal Reserve’s next policy meeting will be watched for signals on interest rates. A stable or easing policy path in a lower-risk global environment would generally be positive for maintaining subdued volatility levels.

As 2026 continues, the VIX will remain a key indicator of market stress and investor sentiment. Monday’s decline suggests investors are breathing easier after months of geopolitical concerns, though the index’s history shows that calm periods can be interrupted by new developments.

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For now, the lower VIX reading indicates a market that is functioning with reduced fear, allowing focus to shift toward corporate earnings and economic fundamentals. Whether this calm persists will depend on the durability of the US-Iran agreement and the broader global economic picture.

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Columbia Thermostat Fund Q1 2026 Commentary (COTZX)

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Columbia Thermostat Fund Q1 2026 Commentary (COTZX)

Columbia Threadneedle Investments is a leading global asset management group that provides a broad range of actively managed investment strategies and solutions for individual, institutional and corporate clients around the world. Columbia Threadneedle Investments is the global asset management group of Ameriprise Financial, Inc. (NYSE: AMP). For more information please visit columbiathreadneedleus.com.

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Verve Group SE (MGIMF) Analyst/Investor Day Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Ingo Middelmenne
Head of European Investor Relations

Good morning to everybody in America, and good afternoon to everybody joining us from Europe. Thank you for joining us today, whether you’re here with us in New York City or joining us online. My name is Ingo Middelmenne and as Head of Investor Relations of Verve Group, I would like to cordially welcome you to this year’s Verve Capital Markets Day.

Once again, we have had intense weeks behind us and the whole team and I are really thrilled to finally have you with us. As usual, we have prepared a focused and a hope, very useful program for you. A business update from our management team, a closer look at Verve’s commercial and financial development and a set of expert sessions on some of the topics that are shaping our industry right now.

We will also make sure we leave enough time for your questions, both here in the room and from our audience online. Before we start, and to make our legal department feel a little better. Please enjoy the usual disclaimer on forward-looking statements. Okay. Now I think we all feel a lot safer.

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The Internet is a powerful alternative to the walled gardens, and it lives in your pocket. Your mobile phone, ladies and gentlemen, is probably the most powerful marketing tool in the world. Consumers around the world look at its display 3, 4, sometimes 5 hours

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US stock futures edge higher with Fed rate decision in focus

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US stock futures edge higher with Fed rate decision in focus

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Electronic Arts CEO Andrew Wilson sells $1.02m in company stock

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Electronic Arts CEO Andrew Wilson sells $1.02m in company stock

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Rivian lays off hundreds in service division as it restructures teams

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Rivian lays off hundreds in service division as it restructures teams

Elective vehicle-maker Rivian is laying off hundreds of workers in its service and customer organization.

A company spokesperson told FOX Business that the job cuts represent less than 2% of Rivian’s workforce, which totaled about 15,200 employees at the end of 2025. Workers affected by the layoffs may apply for other open roles at the company.

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“We recently restructured a handful of teams within Rivian as we work to profitably scale our business,” the spokesperson said.

AUTOMAKER GEARS UP FOR SELF-DRIVING FUTURE WITH NEW CHIP

A Rivian R2 undergoing inspection on the assembly line

Rivian began releasing R2 SUVs last week, which are a key part of its product roadmap. (Scott Olson/Getty Images)

The job cuts took effect on Tuesday and affected Rivian’s service and customer division, which is responsible for sales and marketing duties, as the company looks to restructure its teams to grow efficiently while rolling out a new model.

The Wall Street Journal first reported the layoffs.

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Rivian recently conducted multiple rounds of layoffs in the last year while it prepared for the launch of the R2 SUV, which factors heavily into the EV-maker’s roadmap for future products.

RIVIAN CEO DISCUSSES TARIFFS, SAYS EV MAKER HAS ‘VERY US-CENTRIC SUPPLY CHAIN’

Ticker Security Last Change Change %
RIVN RIVIAN AUTOMOTIVE INC. 15.93 -0.75 -4.50%

It cut over 600 jobs, or 4.5% of its workforce, in October amid softer demand for its vehicles following the expiration of EV tax credits in October.

The R2 officially debuted last week with a variant that had a larger number of optional add-ons for a starting price around $58,000 – while the automaker is planning to release more affordable versions in the future.

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RIVIAN TO LAY OFF 10% OF SALARIED STAFF

Rivian facility

Rivian also conducted layoffs last year following the expiration of EV tax credits. (Reuters/Kevin Krolicki/File Photo)

The company is hoping that the lower-cost model will broaden demand and strengthen its sales outlook as it strives for profitability.

Rivian has said that it no longer expects to meet its 2027 adjusted core profit target as it ramps up spending on research and development to accelerate its autonomous driving roadmap.

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Reuters contributed to this report.

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Renishaw plc (RNSHF) Analyst/Investor Day Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Renishaw plc (RNSHF) Analyst/Investor Day June 16, 2026 5:15 AM EDT

Company Participants

William Lee – CEO & Director
John Shipsey – CFO & Executive Director
Louise Callanan
Matt Parkes
Chris Pockett – Head of Communications
Marc Saunders – Director of Group Strategic Development

Conference Call Participants

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Harry Philips – Peel Hunt LLP, Research Division
Michael Crawford
David Richard Farrell – Jefferies LLC, Research Division
Jamie Murray – BofA Securities, Research Division
Jonathan Hurn – Barclays Bank PLC, Research Division

Conversation

William Lee
CEO & Director

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So good morning, everyone, and welcome to Renishaw Capital Markets Day. First of all, welcome to John, our new CFO.

John Shipsey
CFO & Executive Director

Thank you very much, Will. Good morning, everybody, and I’d like to add my own warm welcome. Good to see some familiar faces and looking forward to making some new introductions as well through the day. So thank you for coming.

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William Lee
CEO & Director

Thanks, John. Yes, I love to see you all and thankfully, no train issues at this time around. First of all, just a big thank you to UBS for hosting us today and for your support as always. A great time for us to be hosting a Capital Markets Day. It feels like this is a really exciting time for Renishaw. We’ve got a really strong portfolio of core established businesses that are performing really well. We’re seeing a real acceleration in those emerging businesses, so key for our strategy.

And it feels like the decisions that we made a couple of years ago on focusing and direction, they are really starting to pay dividends. And you’ll hear firsthand on our AM story in a bit more detail later on today. We’ve got a really exciting innovation. Innovation is really part of us. And you’ll see there’s a strong portfolio coming through there, both on the

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DoorDash Down Now? App Suffers Major Outage as App Crashes and Ordering Halts Nationwide

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Raptor 3 Engine Breakthrough: SpaceX's Most Advanced Rocket Engine as

DoorDash experienced widespread service disruptions Tuesday, with thousands of users reporting app crashes, login failures and inability to place orders, while delivery drivers also faced problems accessing the platform, causing significant inconvenience during peak meal times.

The outage began around 9:43 a.m. ET and quickly drew more than 10,000 reports on Downdetector, indicating a broad impact across the United States. Users attempting to log in or browse restaurants encountered error messages, including DNS-related issues, preventing normal functionality of the popular food delivery service.

DoorDash has not yet issued an official statement on the cause or expected resolution time, but the problems appear to affect both customer-facing apps and driver tools. The timing during lunch hours amplified frustration for customers expecting deliveries and drivers relying on the platform for income.

Scope of the Disruptions

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Reports indicate issues with authentication systems, preventing users from signing in or completing orders. Some customers who had already placed orders reported that drivers were unable to accept or fulfill them, leading to cancellations and refunds. The outage seems to be nationwide, affecting major cities and suburban areas alike.

Delivery drivers have taken to social media to share screenshots of error messages and lost earnings opportunities. The dual impact on customers and workers highlights the platform’s central role in the gig economy and daily meal routines for millions of Americans.

Technical experts suggest the problems may stem from backend server issues or authentication failures, as evidenced by DNS error messages reported by users attempting to access the service through browsers. DoorDash’s app and website have shown inconsistent loading, with some features partially functional while core ordering capabilities remain unavailable.

Customer and Driver Frustration

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Social media platforms filled with complaints from users unable to place lunch orders or track existing deliveries. Many expressed reliance on the service for work-from-home meals or family dinners, with the outage disrupting daily routines. Delivery workers reported being logged out or unable to see available orders, resulting in lost income during what is typically a busy period.

DoorDash’s customer support channels have been overwhelmed, with long wait times reported for chat and phone assistance. The company’s status page has not provided detailed updates, leaving users to rely on community reports and third-party outage trackers for information.

Company Background and Previous Issues

DoorDash, one of the largest food delivery platforms in the United States, has grown rapidly since its founding, serving millions of customers and partnering with thousands of restaurants. The company has faced occasional outages in the past, often attributed to high traffic or technical glitches during peak hours.

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This latest disruption comes as the company continues to expand its services, including grocery delivery and convenience partnerships. Reliability has become increasingly important as consumers depend on the platform for everyday needs, particularly in urban areas with limited cooking time or mobility.

Previous outages have typically been resolved within a few hours, but the current incident’s impact on both customers and drivers has drawn heightened attention. The company is expected to provide compensation or credits to affected users once service is restored, following its standard policy for major disruptions.

Broader Implications for Gig Economy Platforms

The outage highlights vulnerabilities in gig economy platforms that millions rely on for income and convenience. When services like DoorDash experience downtime, it affects not only immediate transactions but also the livelihood of independent contractors who depend on consistent access to work opportunities.

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Industry analysts note that as food delivery becomes more integrated into daily life, expectations for uptime and reliability have risen. Companies invest heavily in redundant systems and monitoring, but complex backend architectures can still fail under certain conditions.

Competitors such as Uber Eats and Grubhub may see temporary increased demand during DoorDash’s outage, though most users tend to return to their preferred platform once service resumes. The incident serves as a reminder of the importance of backup options for both customers and workers in the on-demand economy.

Troubleshooting Advice for Users

While waiting for official resolution, users can try basic troubleshooting steps such as restarting the app, clearing cache, or switching between Wi-Fi and mobile data. Checking Downdetector or social media for real-time updates can help gauge the outage’s scope and expected fix time.

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Drivers are advised to log out and back in periodically or use alternative apps if available in their area. For customers with existing orders, contacting restaurants directly or monitoring app notifications for updates is recommended.

Once service is restored, DoorDash typically issues apologies and promotional credits to affected accounts. Users who experienced significant inconvenience are encouraged to reach out to support for potential compensation.

Company Response and Future Prevention

DoorDash has a dedicated engineering team focused on infrastructure reliability and rapid incident response. The company regularly conducts stress testing and maintains backup systems to minimize downtime. This latest outage may prompt a review of authentication and load-balancing systems to prevent similar issues in the future.

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As the platform continues to grow, investing in more robust technical infrastructure becomes increasingly critical. Public transparency during outages, including estimated resolution times, can help maintain user trust during disruptions.

The current incident, while disruptive, appears to be technical in nature rather than a security breach or larger systemic failure. Users are encouraged to remain patient as DoorDash works to restore full functionality.

Looking Ahead

As the outage continues, both customers and drivers are adapting to alternative solutions. Many have turned to competing services or prepared meals at home, while drivers seek other gig opportunities during the downtime.

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DoorDash is expected to provide a post-incident update once service is fully restored, including any root cause analysis and preventive measures. The company’s response will be closely watched by users and industry observers concerned about reliability in the on-demand economy.

For now, the focus remains on restoring normal operations as quickly as possible. The incident serves as a reminder of how dependent many have become on digital delivery platforms and the importance of redundancy in critical services.

DoorDash users are advised to check official channels for updates and prepare for potential delays in service restoration. The company’s track record suggests issues of this nature are typically resolved within hours, though the exact timeline remains uncertain.

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Aldi announces 16 new UK store locations: Full list

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Group investing £370m in new stores this year as part of plans to reach 1,500 UK sites

Supermarket Aldi aims to have 1,500 UK sites

Supermarket Aldi aims to have 1,500 UK sites(Image: Getty Images Europe)

Discount supermarket chain Aldi has announced plans to launch 16 new stores across the UK over the coming months.

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The German-based retailer, which already operates more than 1,080 UK outlets, is pressing ahead with an ambitious expansion drive to grow its portfolio of shops throughout the country.

On Tuesday, the group announced the locations of 16 forthcoming supermarket sites.

New openings will include stores in Watford and Hoxton in London, Hattersley in Greater Manchester, and Balsall Common in the West Midlands.

The proposals form part of Aldi’s long-term ambition to extend its UK presence to 1,500 locations.

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In January, Aldi revealed it was targeting the opening of approximately 40 new stores in 2026, in keeping with its long-term growth strategy.

The latest wave of new openings follows the launch of its newest store at Salford Quays last month, with the retailer committing £370 million to new store investment this year.

Jonathan Neale, managing director of national real estate at Aldi UK, said: “At Aldi, we’re committed to making high-quality, affordable food accessible to everyone, which is why we continue to invest in expanding our store network across the UK.

“Our £370 million investment in new stores this year will help us bring Aldi’s unbeatable value to even more communities, supporting local economies through our industry-leading pay for colleagues.”

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Aldi’s new store locations include:.

  • Hattersley, Greater Manchester
  • Newport, Isle of Wight
  • Bishops Cleeve, Cheltenham, Gloucestershire
  • Newport, South Wales
  • Orpington, London
  • Hoxton, London
  • Ashford, Kent
  • Watford, London
  • Rayleigh, Essex
  • Balsall Common, West Midlands
  • Marble Arch, London
  • Malton, North Yorkshire
  • Port Talbot, Wales
  • Sutton Coldfield, West Midlands
  • Wigan, Greater Manchester
  • Sudbury, Suffolk
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Cadbury chocolate-owner Mondelez defends staying in Russia

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Cadbury chocolate-owner Mondelez defends staying in Russia

Mondelez boss Dirk Van de Put says it was the “right decision” to remain after the war with Ukraine.

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Verizon drops activation and upgrade fees with new simplified plans

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Verizon drops activation and upgrade fees with new simplified plans

Verizon is looking to attract and retain customers by offering new, simpler plans that will drop activation and upgrade fees while also rolling out a new loyalty program offering discounts and other perks.

The company is competing aggressively with AT&T and T-Mobile in the telecoms market, with rivals looking to gain an edge with consumers and have extended device subsidies, added plan discounts and proposed increased spending on network infrastructure.

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The new “Simplicity” plan drops network tiers and will combine Mobility and Home on one bill, with taxes and fees included.

Verizon said the new loyalty program will offer customers 3% back on bills from July that can be used to buy new phones or at consumer brands such as Sephora, Hilton, Marriott and Starbucks.

VERIZON CUSTOMERS FACE 35-DAY WAIT TO UNLOCK PAID-OFF PHONES UNDER POLICY CHANGE

A man walking in front of a Verizon store

Verizon believes the new initiatives will help with retaining customers. (Justin Sullivan/Getty Images)

Alfonso Villanueva, interim CEO of Verizon Consumer Group and Verizon chief transformation officer, told Reuters the move is about making it simpler and more flexible for customers.

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“How do we create a value proposition that makes sense for every cohort?” Villanueva told the outlet in an interview.

“We are convinced that our retention will be even higher,” he added.

VERIZON NAMES FORMER PAYPAL BOSS DAN SCHULMAN AS CEO

Ticker Security Last Change Change %
VZ VERIZON COMMUNICATIONS INC. 46.74 -0.33 -0.69%
TMUS T-MOBILE US INC. 184.36 -4.50 -2.38%
T AT&T INC. 23.16 -0.14 -0.58%

Verizon said postpaid customers on all phone and connected device plans can opt into its loyalty programs and avoid activation and upgrade fees. It is also offering perks like free Starbucks coffee, a Dunkin’ Donuts treat or FIFA World Cup 2026 merchandise.

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Verizon in April raised its annual profit forecast under new CEO Dan Schulman. The company declined to say how much the changes announced on Tuesday would cost, but they are expected to be accretive to revenue. 

The company also said that the new program wouldn’t change its 2026 financial guidance.

FANATICS AND AT&T ANNOUNCE EXCLUSIVE MULTI-YEAR PARTNERSHIP TO CONNECT MORE FANS TO SPORTS MOMENTS

Verizon

Verizon is vying with rivals like AT&T and T-Mobile for business in the highly competitive cellular service market. (iStock)

Like its rival AT&T, Verizon has leaned into discounted bundles combining high-speed broadband and wireless plans as part of a strategy to boost customer retention.

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T-Mobile has had success with its loyalty programs offering perks and aggressive marketing along with its plans which bundle Netflix, Apple TV and Hulu with five-year price guarantees.

Last month, Verizon cut several hundred jobs after it said in November it was cutting more than 13,000.

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Reuters contributed to this report.

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