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Oil Price Today (May 8): Crude oil snaps three-day losing streak as Iran-US clashes stoke Hormuz fears. What are experts saying?

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Oil Price Today (May 8): Crude oil snaps three-day losing streak as Iran-US clashes stoke Hormuz fears. What are experts saying?
Oil prices climbed more than 1%, snapping a three-day losing streak on Friday, after fresh clashes between the U.S. and Iran raised concerns over the stability of the fragile ceasefire and weakened hopes of progress toward reopening the Strait of Hormuz, a crucial route for global oil and gas shipments.

The latest rise followed Iran’s accusation that the U.S. breached the month-long ceasefire. Washington, meanwhile, said its actions were retaliatory after Iranian forces fired on U.S. naval vessels passing through the strait on Thursday.

Oil price on May 8

Brent crude futures rose $1.41, or 1.41%, to $101.47 a barrel by 0123 GMT, while U.S. West Texas Intermediate (WTI) crude gained $1.12, or 1.18%, to $95.93 a barrel. Prices had initially surged more than 3% at the open.The rebound came after three straight sessions of losses driven by reports earlier this week that Washington and Tehran were nearing an agreement to halt hostilities and fully reopen the Strait of Hormuz. The proposed deal, however, was expected to leave broader disputes over Iran’s nuclear programme unresolved. Despite Friday’s gains, both crude benchmarks are still on track to end the week around 6% lower.

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Iran’s military claimed the U.S. targeted an Iranian oil tanker, another vessel, and civilian areas both in the strait and on the mainland.
In a post on Truth Social, Trump said U.S. forces had destroyed the Iranian targets involved in the confrontation, including small boats and drones. He also warned Iran of further military action if it failed to reach a nuclear agreement.
The exchange came as the U.S. awaited Tehran’s response to its latest peace proposal, which did not address several key sticking points, including Washington’s demand to reopen the strait. Before the conflict erupted on February 28, the Strait of Hormuz handled roughly one-fifth of the world’s oil and gas supply, but traffic has remained largely disrupted since fighting involving Iran, the U.S., and Israel intensified.
Analysts said the market remains on edge. Haitong Futures noted that the ceasefire may only be temporary, adding that stalled negotiations between the U.S. and Iran could spark renewed escalation and drive oil prices even higher.

Nuvama Institutional Equities said a prolonged closure of the Strait of Hormuz could disrupt nearly 20 million barrels per day of crude flows. Under such a scenario, oil prices could potentially surge to between $110 and $150 per barrel.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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Savannah Guthrie Abruptly Leaves Today Mid-Show Amid Ongoing Search for Mother Nancy

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Savannah Guthrie

NEW YORK — “Today” co-anchor Savannah Guthrie quietly stepped away from the NBC morning show Wednesday, roughly 90 minutes into the broadcast, prompting immediate speculation that the departure was linked to the still-unsolved abduction of her 84-year-old mother, Nancy Guthrie.

Co-anchor Craig Melvin informed viewers that Guthrie “had to leave a little early,” without providing further details. She did not return for the remainder of the episode. The abrupt exit comes as the high-profile investigation into Nancy Guthrie’s disappearance from her Tucson-area home enters its fourth month with few public breakthroughs.

Nancy Guthrie was last seen Jan. 31, 2026. She was reported missing the following day after missing a virtual church service. Authorities discovered blood on the porch, a propped-open back door and doorbell camera footage showing a masked, armed individual at the front door around 2 a.m. Feb. 1. Her pacemaker lost its phone connection minutes later, suggesting a sudden and forceful removal.

Emotional Toll on Savannah Guthrie

Savannah Guthrie returned to “Today” in early April after a two-month leave to be with family in Arizona. She has spoken candidly about the anguish of not knowing her mother’s fate while balancing her high-profile role. The May 6 departure marks at least the second time this year she has left the set unexpectedly, reigniting concern among viewers and colleagues.

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NBC has not commented officially on Wednesday’s incident. Insiders previously revealed the network established a special protocol, including a code phrase, to remove Guthrie immediately if any significant development emerged in her mother’s case. “We would pull her immediately, mid-segment if we had to,” one source familiar with the arrangement told reporters earlier this spring.

Whether Wednesday’s early exit was tied to new information remains unclear. Pima County Sheriff’s Office and the FBI continue describing the case as active, with advanced DNA analysis underway on evidence recovered from the home.

Chilling Theories Emerge in Nancy Guthrie Case

A recent NewsNation special hosted by Brian Entin featured criminal profilers who raised the possibility that the masked suspect seen on camera — dubbed “Porch Guy” — may himself be dead, potentially killed by an accomplice or organizer to eliminate loose ends. Forensic nurse Dr. Ann Burgess and psychologist Dr. Gary Brucato described the operation as planned yet amateurish, consistent with a hired operative later silenced.

No ransom has been paid, and no verified proof of life has surfaced despite unverified notes received by media outlets. Experts note the unusual silence from any kidnappers after initial activity. Some speculate Nancy Guthrie may have known or trusted the perpetrator enough to open the door, though blood evidence points to a struggle.

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The case has drawn parallels to other high-profile abductions, with tips investigated including possible sightings in Mexico. The family, including Savannah and her siblings, has offered a $1 million reward and cooperated fully with authorities while being cleared as suspects.

Savannah’s Return and Ongoing Struggle

When Guthrie returned to “Today” on April 6, she told co-host Hoda Kotb it felt “good to be home” but acknowledged the emotional difficulty. She has continued working while staying closely involved in the search, splitting time between New York and Arizona when possible.

Colleagues have praised her resilience. The sudden departures highlight the personal toll of balancing a live national broadcast with a private family crisis. Viewers have flooded social media with messages of support, many expressing hope for a positive resolution.

Investigation Challenges Persist

More than 95 days since Nancy Guthrie vanished, authorities face the reality that time works against resolution in abduction cases. DNA from the scene is undergoing advanced FBI lab processing. Surveillance footage from the neighborhood and surrounding areas continues to be reviewed.

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FBI Director Kash Patel has publicly noted early delays in federal involvement, though local officials say coordination has since improved. The affluent Catalina Foothills community remains uneasy, with residents enhancing home security.

Profilers have explored motives ranging from financial gain to possible retribution linked to Savannah’s public profile. The targeted nature — including prior surveillance suggested by additional footage — points away from a random crime.

Public and Media Attention

The case has captivated national audiences, blending a high-profile family with a genuine mystery. True crime enthusiasts and media outlets continue dissecting developments. Savannah Guthrie has asked for privacy while urging anyone with information to contact authorities.

As the search stretches into its fourth month, the family clings to hope. Wednesday’s events on “Today” serve as a visible reminder of the personal stakes behind the headlines for one of television’s most recognizable anchors.

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NBC has not announced any schedule changes, and Guthrie is expected to resume her duties soon. For now, the focus remains on Nancy Guthrie — a mother, grandmother and beloved community member whose sudden disappearance has left an enduring void and countless unanswered questions.

Authorities continue to appeal for tips. Even small details from late January or early February in the Tucson area could prove vital. As one profiler noted in the recent special, cases like this can break with a single piece of information — a hope the Guthrie family holds onto daily.

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Apollo to Give Investors Daily Pricing on Private Credit By September

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Apollo to Give Investors Daily Pricing on Private Credit By September

Apollo says it plans to offer investors daily valuations for its private-credit funds by the end of September, a move that could help ease worries about the health of an opaque world of lending.

The private-market giant disclosed its plans Wednesday during a call with analysts after reporting its first-quarter results.

Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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Investment bank Macquarie posts second-highest profit

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Investment bank Macquarie posts second-highest profit

Macquarie Group has beaten expectations with a $4.8 billion annual profit, half of which the investment bank will return to shareholders.

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US beef producers hope China access is on Trump-Xi summit menu

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US beef producers hope China access is on Trump-Xi summit menu


US beef producers hope China access is on Trump-Xi summit menu

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Inogen Q1 2026 presentation shows revenue beat, widening losses

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Inogen Q1 2026 presentation shows revenue beat, widening losses


Inogen Q1 2026 presentation shows revenue beat, widening losses

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CTT – Correios De Portugal, S.A. 2026 Q1 – Results – Earnings Call Presentation (OTCMKTS:CTTPY) 2026-05-07

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

This article was written by

Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team

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Retail stake cut in 284 BSE 500 companies in Q4

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Retail stake cut in 284 BSE 500 companies in Q4
ET Intelligence Group: Retail investors reduced equity stakes in nearly two out of every three companies in a sample of BSE500 index components in the March quarter on a sequential basis.

At 284 companies, it was the highest reading in at least 12 quarters, according to an analysis by ETIG. They had pared holdings in 271 and 259 companies, respectively, in the December quarter of FY26 and in the year-ago quarter. The sample consists of 453 companies from the BSE500 index, which have declared shareholding information in each of the past 13 quarters.

Retail Stake Cut in 284 BSE 500 Cos in Q4Agencies

Number of cos with reduction at a 12-quarter high as investors turn cautious amid geopolitical uncertainties

Retail investors, included under the ‘public and others’ category, observed caution amid rising geopolitical uncertainties that caused the benchmark indices to tumble nearly 16% in the first three months of 2026. Based on a market cap basis, they reduced holdings in 65% of the companies having ₹25,000 crore or more in market cap and in 60% of the companies below this threshold. They reduced stakes in majority of the companies from sectors. including auto and ancillaries, banking, finance and insurance (BFSI), capital goods, and pharmaceuticals.

Foreign portfolio investors (FPI), notwithstanding their heavy selling in Indian equities during the period, increased stakes in 201 companies, surpassing the previous quarter’s reading of 179 companies. They increased stakes in companies from sectors, including capital goods, metals & mining and pharmaceuticals while reducing stakes in auto and ancillaries, BFSI and IT companies in the March quarter. Domestic funds, too, increased stakes in 280 companies in the March quarter compared with 261 in the prior quarter.

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Company promoters joined institutional investors by raising their shareholding in 42 companies, highest in at least 12 quarters, in the March quarter, thereby taking advantage of lower stock valuations. They had increased holdings in 32 and 34 companies in the previous quarter and year ago, respectively.


According to reports by broking firms on the ownership structure in the March quarter, FPI stake continued to fall in Indian companies in the March quarter. Elara Securities mentioned in a report that the stake of FPIs in the Nifty 500 companies fell to 17.6% from 18.2% a quarter ago while domestic institutions raised their holding marginally to 19.9% from 19.8% by similar comparison.

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New Disney CEO Josh D’Amaro Gives Vision for Company in Shareholder Letter

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New Disney CEO Josh D’Amaro Gives Vision for Company in Shareholder Letter

The new chief executive at Disney DIS 0.56%increase; green up pointing triangle on Wednesday laid out his long-term vision for the company, centered on using technology to reach consumers and increase profits.

In a nearly 3,000-word letter to shareholders accompanying quarterly financial results and comments in a conference call with analysts, Josh D’Amaro emphasized his plans to make Disney+ a digital hub for all the company’s businesses and invest in new technology, particularly around videogames.

Chief Financial Officer Hugh Johnston also answered a burning question among Disney investors by saying the company doesn’t intend to sell or spin off its linear networks, including ESPN.

The shareholder letter, a new tack for Disney, provides fresh insights on how D’Amaro hopes to boost the company’s stagnant stock price. Disney faces a costly transition from linear TV to streaming; economic and political instability; and heightened competition from tech companies such as YouTube.

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For the second fiscal quarter, ended March 28, Disney reported revenue of $25.17 billion, up 7% from a year earlier. Net income fell around 30% to $2.25 billion, largely owing to a one-time tax benefit the prior year. Earnings per share excluding certain items rose 8% to $1.57, above analysts’ expectations, thanks in large part to growing streaming margins.

Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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Foreign investors continue to pull out of financials in second half of April

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Foreign investors continue to pull out of financials in second half of April
Mumbai: Financials remained at the centre of foreign selling in Indian equities with investors extending withdrawals into the fourth straight fortnight in the second half of April, as the sector’s heavy weight left it exposed to their risk aversion.

The sector saw outflows worth ₹11,704 crore in the second half of the month, after selling of ₹19,152 crore in the first half of April, according to data from NSDL. The pace of selling moderated compared to March, when they divested worth over ₹60,000 crore -the highest since 2012.

“The unabated sell-off in banking stocks is due to the sector’s high weightage in benchmark Nifty and concerns of higher inflation that could increase current account deficit,” said Sonam Srivastava, f0ounder and CEO, Wright Research.

The withdrawals from financials accounted for over 41% of the overs0eas investor selling worth ₹28,301 crore across 15 sectors in the second half of April.

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In the first part of the month, they dumped shares worth ₹49,481 crore across 19 sectors.

Foreign Investors Continue to Pull Out of FinancialsAgencies

Sector sees outflows worth ₹11,704 cr in April 2nd half, a fourth straight fortnight from the beginning of March

Other than financials, oil and gas, information technology and healthcare were among the sectors that bore the brunt of foreign selling.
These investors deployed funds worth ₹15,592 crore across eight sectors in the second half of April, with about 60% of the investments led by the power and capital goods sectors. Both sectors witnessed purchases worth over ₹4,500 crore each in the period.Foreign investors bought shares worth ₹601 crore in the power sector in the first half of April, and while capital goods saw selling worth ₹328 crore during this period, the sector attracted inflows worth ₹3,148 crore in March- at the peak of the sell-off this year.

“Power demand has seen a strong global upswing, driven partly by rising investments in AI, which require large-scale data centres and reliable power infrastructure,” said Saurabh Patwa, head of equities and portfolio manager at Quest Investment Managers. “Power transmission and distribution companies are witnessing record-high order inflows and have performed well on the back of this strong demand environment.”

During periods of war, inflation and heightened uncertainty, investors often gravitate towards physical assets, which makes capital goods companies relatively well placed, he said.

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Why Palantir Can’t Stop Talking About AI Slop

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Why Palantir Can’t Stop Talking About AI Slop

Why Palantir Can’t Stop Talking About AI Slop

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