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US Stock Market: Nasdaq confirms correction, Wall Street slumps on Middle East uncertainty

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US Stock Market: Nasdaq confirms correction, Wall Street slumps on Middle East uncertainty
The Nasdaq tumbled more than 2% to confirm a correction on Thursday while the S&P 500 and the Dow fell more than 1%. Investors scrambled for safety on fears of escalation in the U.S.-Israeli war against Iran, which has sent oil prices soaring and exacerbated inflation concerns.

Thursday marked the biggest one-day decline for the Nasdaq and the S&P 500 since January 20.

President Donald Trump said Iran must make a deal with the U.S. or face a continued onslaught, while warning that taking control of Iran’s oil was an option. A senior Iranian official told Reuters the U.S. proposal for ending nearly four ‌weeks of fighting is “one-sided and ⁠unfair,” while ⁠stressing that diplomacy had not ended. Stock futures pared losses slightly after the market closed when Trump said he was pausing attacks on Iran’s energy plants for 10 days until April 6 at the Iranian government’s request. He said talks with Tehran were going “very well.”

Earlier, the lack of any clear signs of progress sent oil prices soaring, with U.S. crude futures settling up 4.6% compared with a 5.7% advance for Brent futures.

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As a result, stock indexes erased gains from Wednesday when investors had been betting on a de-escalation in the war, which has disrupted oil shipments through the Strait of Hormuz.

‘FOG OF WAR’

“The back and forth seems to be happening at a quicker pace. On top of it, we don’t know who Trump is negotiating with,” said Doug Beath, global equity strategist at Wells Fargo Investment Institute, adding that uncertainty about the war was causing investors to sell equities. “There’s a lot of conflicting signals, and it’s really the fog of war, the ⁠uncertainty of ‌all of it that’s driving this.”
The Dow Jones Industrial Average fell 469.38 points, or 1.01%, to 45,960.11, the S&P 500 lost 114.74 points, or 1.74%, to 6,477.16 and the Nasdaq Composite shed 521.74 points, or 2.38%, to 21,408.08. The technology-heavy Nasdaq closed down 10.7% from its October 29 closing record high, confirming it has been in a ⁠correction since that date. A correction is a decline of 10% or more from a recent market high.
Noting that stock markets have generally been weaker on Fridays since the Iran war began a month ago, Peter Tuz, president of Chase Investment Counsel, said the S&P 500 could follow the Nasdaq in confirming a correction.

“After three good years for markets, a selloff of 10%-20% should not surprise anyone. We had one last year during the tariff proposals. Bad technical indicators might, however, encourage selling and discourage buying until the situation clears up,” Tuz said.

Most of the S&P 500’s 11 major industry sectors lost ground. Energy was the biggest gainer, adding 1.6%. The only other sector to show a percentage gain was defensive utilities , which added 0.2%.

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The biggest sector laggards were communications services , down 3.5%, and technology, which lost 2.7%.

META, ALPHABET DROP AFTER VERDICTS The communications index was under pressure after jurors found Meta and Alphabet’s Google liable in the first two trials from a growing wave of lawsuits accusing social media firms of harming children. ‌Meta shares finished close to 8% lower while Alphabet lost more than 3%.

In technology, chip stocks were a big drag with the Philadelphia Semiconductor Index tumbling 4.8% after three sessions of gains. Leading declines in the Dow were shares of artificial intelligence chip leader Nvidia, which finished down more than 4%. Earlier on Thursday, the OECD warned the Middle East conflict has knocked the global economy off ⁠a stronger growth path, with the near-closure of the Strait of Hormuz threatening to push inflation sharply higher.

With high oil prices fanning inflation fears, central banks are in a tough spot regarding interest rates, with traders no longer pricing in any easing from the U.S. Federal Reserve this year. Two rate cuts had been expected before the Iran conflict erupted, according to the CME Group’s FedWatch Tool. Earlier, data showed new applications for U.S. unemployment benefits rose slightly last week, suggesting a stable labor market and giving the Fed scope to hold rates steady while monitoring the impact of the Iran war. U.S.-listed shares of gold miners, including Sibanye Stillwater and Harmony Gold, fell more than 4% as bullion prices lost more than 2%.

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Declining issues outnumbered advancers by a 3.16-to-1 ratio on the NYSE, where there were 121 new highs and 202 new lows. On the Nasdaq, 1,385 stocks rose and 3,423 fell as declining issues outnumbered advancers by a 2.47-to-1 ratio. The S&P 500 posted 20 new 52-week highs and eight new lows.

Volume was light, with 16.50 billion shares changing hands on U.S. exchanges compared with the 20.54 billion average for the last 20 sessions.

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America’s Newest Copper Mine Is Ramping Up in Arizona

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Ryan Dezember hedcut

A new copper project in Arizona that made its first metal this month is ramping up and is expected to make its owner the country’s third largest producer of refined copper by year-end.

Taseko Mines’ Florence project is targeting annual output of about 85 million pounds of copper cathodes, Chief Executive Stuart McDonald said on the sidelines of S&P Global’s CERAWeek conference in Houston. While that’s just a sliver of growing U.S. demand for the metal that is essential to all things electric, Florence is part of a wave of projects in which miners are deploying unconventional methods to produce more copper from Arizona’s abundant low-grade ores.

Florence utilizes in-situ recovery methods that are more common in uranium mining and involve pumping acid deep beneath the surface to separate copper from the rock, rather than bringing ore to the surface for processing. The copper solution is then piped to a facility on site where it is plated as cathodes that are ready to use by makers of electrical wire and other products.

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Woodside, Chevron hit as cyclone stirs

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Woodside, Chevron hit as cyclone stirs

Woodside Energy and Chevron have both reported production interruptions as a result of Tropical Cyclone Narelle, impacting both LNG and domestic gas supply.

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Ares Caps Redemptions as Private Credit Pressures Build

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Ares Caps Redemptions as Private Credit Pressures Build

Ares Caps Redemptions as Private Credit Pressures Build

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Rubio holds call with Iraqi Kurdish leader, State Department says

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Rubio holds call with Iraqi Kurdish leader, State Department says


Rubio holds call with Iraqi Kurdish leader, State Department says

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Asia stocks fall as Iran uncertainty persists; S.Korea battered by chip losses

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Asia stocks fall as Iran uncertainty persists; S.Korea battered by chip losses

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(VIDEO) Taylor Swift Dominates 2026 iHeartRadio Music Awards with 7 Wins

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Taylor Swift

Taylor Swift Dominates 2026 iHeartRadio Music Awards with 7 WinsTaylor Swift emerged as the big winner at the 2026 iHeartRadio Music Awards, taking home seven trophies including Artist of the Year and Pop Artist of the Year on Thursday night at the Dolby Theatre.

Taylor Swift
Taylor Swift

The 13th annual ceremony, broadcast live on FOX from Los Angeles, celebrated the most-played artists and songs on iHeartRadio stations and the app over the past year. Ludacris hosted the event and received the Landmark Award for his pioneering contributions to hip-hop and culture. Miley Cyrus accepted the Innovator Award, while John Mellencamp was honored with the Icon Award.

Swift, who led nominations with nine nods, swept several top categories. She won Artist of the Year over contenders including Bad Bunny, Sabrina Carpenter, Benson Boone and others. In the Pop Artist of the Year race, Swift beat out Alex Warren, Benson Boone, Sabrina Carpenter and Tate McRae. Her track “The Fate of Ophelia” also claimed Song of the Year and Pop Song of the Year honors.

“Ordinary” by Alex Warren won Song of the Year in some fan-voted or secondary lists, but Swift’s dominance in major categories underscored her continued chart and streaming power. Warren, recognized as Breakthrough Artist, also picked up Best New Pop Artist. Linkin Park won Rock Song of the Year for “Heavy Is the Crown” and Rock Artist of the Year.

The night featured high-energy performances that blended genres. Alex Warren, Lainey Wilson, Ludacris, RAYE, Kehlani and John Mellencamp took the stage. A standout moment came when TLC, Salt-N-Pepa and En Vogue performed together for the first time, delivering a medley of their classic hits that brought the audience to its feet.

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Special appearances included Alysa Liu, Ne-Yo, Nicole Scherzinger, Nikki Glaser, sombr, Weezer and Swift herself. Cyrus’ acceptance of the Innovator Award highlighted her evolution from Disney star to cultural force, noting her advocacy for homeless and at-risk youth through the Miley Cyrus Foundation and Happy Hippie.

Ludacris, accepting the Landmark Award while hosting, reflected on his decades-spanning career that includes multi-platinum albums, Grammy wins and acting roles in franchises like “Fast & Furious.” His presence added a lively, crowd-pleasing energy to the proceedings.

Taylor Swift and Travis Kelce made their first joint awards show appearance as a couple, drawing cheers from the star-studded crowd. The pair’s red carpet moment fueled social media buzz throughout the evening.

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Other notable wins included Pop Album of the Year for Swift’s “Showgirl,” described in acceptance remarks as feeling “happy, confident and free.” Duo/Group of the Year went to HUNTR/X featuring EJAE, Audrey Nuna and Rei Ami in some categories, while rock honors favored Linkin Park and Shinedown contenders.

Fan-voted categories added interactivity, covering everything from Favorite TikTok Dance to Best Music Video and K-pop collaborations. Emerging acts like Cortis took home Best New Artist (K-pop) honors, signaling the show’s embrace of global sounds.

The iHeartRadio Music Awards, now in its 13th year, base many wins on airplay, streaming and listener data from iHeartMedia platforms. This year’s event balanced established superstars with rising talents, from Warren’s breakout success to veteran tributes.

Industry observers noted Swift’s seven wins push her total iHeartRadio Music Awards victories even higher, cementing her as one of the most decorated artists in the show’s history. Her ability to dominate both critical and commercial metrics continues to set benchmarks in the streaming era.

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Performances captured the evening’s genre-spanning spirit. Lainey Wilson brought country flair, while RAYE and Kehlani delivered soulful and pop-leaning sets. Mellencamp’s Icon Award segment paid homage to his rock roots with a heartfelt performance that resonated with longtime fans.

Red carpet fashion trended toward bold statements, with attendees mixing high-glam looks and personal styles. Social media lit up with reactions to Swift and Kelce’s appearance, Cyrus’ emotional speech and the historic girl group collaboration.

Behind the scenes, the production at the Dolby Theatre — home to the Oscars — featured sleek staging and seamless transitions between awards and musical numbers. FOX’s broadcast reached millions, with additional streaming on the iHeartRadio app.

As the music industry navigates evolving consumption habits, the 2026 awards highlighted the power of fan engagement. Categories determined partly by listener votes underscored iHeartRadio’s direct connection to audiences.

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Swift’s “The Fate of Ophelia” emerged as a critical and commercial highlight of her recent output, blending introspective lyrics with infectious melodies that dominated radio and playlists. Her repeated wins reflect sustained popularity even amid a crowded field of pop contenders.

Warren’s multiple mentions, including wins for “Ordinary,” signal a new wave of pop artists gaining traction through authentic storytelling and viral moments. His Breakthrough Artist recognition marks a career milestone following rapid rise.

In rock, Linkin Park’s return to form with “Heavy Is the Crown” resonated strongly, earning song and artist honors in the genre and demonstrating the category’s enduring appeal.

The ceremony also spotlighted hip-hop legacy through Ludacris’ honor and performances, bridging generations alongside R&B and pop acts.

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Looking ahead, the awards preview 2026 releases while honoring 2025’s biggest hits. Organizers emphasized the show’s role in amplifying music discovery across platforms.

Swift closed strong segments with gracious acceptance speeches, thanking fans for their ongoing support. “This means everything coming from the people who play the music every day,” she said in one clip shared widely online.

The night wrapped with celebratory energy, as winners posed with trophies and performers mingled backstage. Full winners lists quickly circulated on iHeartRadio’s site and social channels, driving further engagement.

With stars like Swift, Cyrus, Mellencamp and Ludacris at the center, the 2026 iHeartRadio Music Awards reaffirmed music’s unifying power. From chart-topping pop anthems to rock anthems and genre-crossing collaborations, the event captured the vibrant state of the industry.

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As fans relive highlights through clips and replays, the conversation shifts to what’s next for these artists. Swift’s dominance sets high expectations for future projects, while breakthroughs like Warren point to fresh voices ready to shape the next chapter.

The Dolby Theatre glowed under lights as the ceremony concluded, leaving audiences energized and already anticipating the 2027 show. For now, Taylor Swift’s seven-win night stands as the defining story of 2026’s biggest music celebration on iHeartRadio.

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Oil Price Today (March 27): Crude oil slips marginally, holds above $100 as Donald Trump pauses Iran energy strikes for 10 days. What lies ahead?

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Oil Price Today (March 27): Crude oil slips marginally, holds above $100 as Donald Trump pauses Iran energy strikes for 10 days. What lies ahead?
Oil prices slipped in early Friday trade, capping a volatile week, after US President Donald Trump signalled progress in talks with Iran to end the ongoing conflict and announced a 10-day pause on strikes targeting the country’s energy infrastructure.

The decline follows a sharp rally in the previous session, when Brent surged 5.7% and WTI climbed 4.6% on rising concerns over further escalation. Despite the strong gains, trading activity in the front-month Brent contract remained subdued, with volumes hitting their lowest level since February 27, just ahead of the United States and Israel initiating strikes on Iran.

Crude oil price on March 27

Brent futures declined 90 cents, or 0.8%, to $107.11 per barrel at 0024 GMT, while U.S. West Texas Intermediate (WTI) fell 83 cents, or 0.88%, to $93.65 per barrel, giving up part of the gains seen in the previous session.Despite the recent surge, Brent is set for its first weekly decline in six weeks, while WTI is on track for a second straight weekly loss, as Trump continued to highlight the possibility of a resolution to the war.

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In a post on Truth Social on Thursday, Trump said, “As per Iranian Government request … I am pausing the period of Energy Plant destruction by 10 Days to Monday, April 6, 2026, at 8 P.M., Eastern Time.”
Meanwhile, the Pentagon is preparing to deploy thousands of troops from the U.S. Army’s 82nd Airborne Division to the Middle East, according to two sources cited by Reuters, signalling a continued military buildup even as diplomatic efforts are underway.
Iran has outlined a set of conditions for ending the conflict, stating that the first requirement is a complete halt to attacks and assassinations. It has called for firm guarantees to prevent any recurrence of war, along with a clear mechanism to assess and ensure compensation for war-related damages. Tehran also emphasised that hostilities must end not only against Iran but also against resistance groups across the region.
The conflict has severely disrupted flows through the Strait of Hormuz, which typically handles about one-fifth of global crude oil and LNG shipments. International Energy Agency chief Fatih Birol described the situation as more severe than the oil shocks of the 1970s combined with the gas market impact of the Russia-Ukraine war.

What’s next?

International brokerage Macquarie has said that even if tensions ease in the near term, oil prices are likely to find support in the $85–$90 range, with a gradual move back toward $110 until normal flows through the Strait of Hormuz resume. The note added that if disruptions persist through April, Brent could still climb to $150 per barrel.
Looking ahead, crude prices could move higher from current levels. According to Kayanat Chainwala of Kotak Securities, oil may rise to $120 per barrel in the near term and potentially touch $150 if the conflict continues.

Nuvama Institutional Equities echoes the same view. The continued closure of the Strait of Hormuz, which handles around 20 million barrels per day, could push crude prices to the $110–150 per barrel range.

(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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Why AI Makes Credibility the Only Currency That Matters

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When I founded Invicta Vita, I knew that building an exceptional team would be the cornerstone of our success. What I didn't anticipate was how fundamentally my thinking about hiring would evolve.

There is a quiet recalibration happening in the relationship between brands and the people they are trying to reach. It is not loud or sudden.

It is accumulating in the background of every overcrowded inbox, every AI-assembled content feed, and every brand interaction that feels technically correct but humanly hollow. As observed by Clickout Media, the real shift is not just in how content is produced, but in how it is judged.

Audiences are getting better at sensing when something was made for them versus made at them. The volume of the latter, accelerated by AI production tools, is sharpening that instinct.

The result is a market where trust has become the most consequential variable in marketing performance, and where the methods for building it are increasingly distinct from those that merely simulate it.

The Credibility Gap AI Cannot Bridge

AI can produce content that is accurate, well-structured, appropriately toned, and strategically distributed. What it cannot produce is the underlying credibility that makes an audience predisposed to believe what they are reading.

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That credibility is built over time through consistency, earned media placements, expert voices with demonstrated knowledge, and brand behaviour that aligns with communication. These are long-cycle investments. They do not appear immediately in performance reports, but they increasingly determine whether AI-assisted marketing converts or simply contributes to noise.

Earned Media Carries a Signal That Paid Cannot Replicate

A mention in a respected publication carries a different weight than a sponsored placement in the same outlet. Audiences understand that editorial coverage represents a decision made independently of the brand. That signal of third-party validation is one of the few credibility shortcuts that cannot be commoditised.

In an environment saturated with paid and generated content, the scarcity and value of earned coverage is increasing. Brands that have invested in building a profile that attracts editorial attention are holding an asset that compounds as the content landscape becomes more crowded.

What Industry Experts Are Seeing

Neil Roarty, spokesperson for Clickout Media, describes the dynamic clearly: “The trust economy is not a concept. It is what is determining outcomes. In Web3, finance, and tech, the brands converting audiences are the ones that have built credibility over time. AI has made it easier to reach people. It has not made it easier to be believed by them.”

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This reframes the AI conversation in marketing away from capability and towards credibility capital. This form of capital takes time to build, resists imitation, and compounds in ways that technology alone cannot.

AI should be understood as a distribution and efficiency layer built on top of a credibility foundation. Without that foundation, increased efficiency does not translate into meaningful results.

Where the Trust Economy Is Playing Out in Real Time

Thought Leadership Is Separating Into Two Distinct Tiers

There is a growing divide between thought leadership that genuinely informs and thought leadership that simply follows a format. Content grounded in real expertise and original insight is commanding attention. Content that is generic or easily replicable is being filtered out more aggressively. The gap between these two is widening.

Community Trust Is Becoming a Measurable Asset

Engaged communities are becoming quantifiable assets. AI-driven analytics can now distinguish authentic engagement from inflated metrics, shifting investment towards brands with real relationships rather than superficial reach. This is especially pronounced in sectors like Web3, where community has always been central to value.

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Influencer Authenticity Is Under Greater Scrutiny

Advanced audience analysis tools are making it easier to detect inauthentic endorsements. As a result, brands are shifting towards fewer, more credible influencer partnerships. Trust is only transferable when it is genuine, and audiences are increasingly able to recognise when it is not.

The Long Game on Search Is Changing

AI-powered search is prioritising entities with verifiable authority rather than isolated pieces of optimised content. Building that authority requires sustained investment in content depth, earned media, and consistent visibility in credible outlets. Brands that have made those investments are seeing more stable performance.

FAQ

How does earned media contribute to AI-era marketing performance?

It provides credibility signals that AI-generated content cannot replicate. Independent editorial validation increases trust and influences how audiences interpret all other brand communication.

Can AI assist in building trust, or only in distributing content?

AI can improve how effectively credible content is distributed and matched to the right audiences. However, the substance of trust must already exist. AI amplifies credibility; it does not create it.

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Why is trust particularly important in sectors like Web3 and finance?

These are high-stakes categories where decisions carry real consequences. Audiences are more sceptical and better informed. Marketing that lacks credibility does not just underperform, it can damage brand perception.

What is the most common mistake brands make when trying to build credibility quickly?

Confusing visibility with credibility. High output and paid reach can create awareness, but not trust. Credibility is built through expertise, consistency, and third-party validation over time.

Conclusion

The trust economy is not a reaction against AI. It is a consequence of it. As content volume increases, the value of what cannot be generated increases alongside it. This includes expertise, earned media, authentic relationships, and brand credibility.

The marketing organisations defining this era are those that understand AI as a tool for amplifying trust, not replacing the work required to build it.

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Clickout Media is a PR and marketing agency specialising in Web3, finance, and tech, securing top-tier media placements, building editorial relationships, and connecting brands with audiences in ways that drive measurable growth.

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Adcore Inc. 2025 Q4 – Results – Earnings Call Presentation (TSX:ADCO:CA) 2026-03-26

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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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Gold prices rise as Trump signals progress in Iran talks; set for weekly loss

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