Nonce News Desk

WIRES

Oil Prices Surge After US-Iran Clashes in the Strait of Hormuz

Oil prices jumped nearly 3% after US and Iranian forces traded fire in the Strait of Hormuz on Friday, briefly pushing Brent crude to $103 a barrel.

05/08/2026

WIRES

CoreWeave Shares Drop 10% After Soft Q2 Outlook and Higher Capex Forecast

CoreWeave shares fell 10% after hours as the AI cloud company's Q2 revenue guidance missed consensus and its 2026 capex forecast climbed higher.

05/08/2026

WIRES

Sony Q4 Earnings — Profit Growth Target Despite PS5 Slowdown

Sony forecasts 13% net profit growth for FY2027 despite a sharp PS5 sales drop and a $191M memory price headwind. Image sensors and music picked up the slack.

05/08/2026

WIRES

War Profits — The Sectors Cashing In on the Iran Conflict

Oil majors, Wall Street banks and defence contractors are booking record profits as the US-Israel war in Iran reshapes global energy and financial markets.

05/08/2026

WIRES

US-Iran Strait of Hormuz Exchange Sends Oil Prices Surging

Oil prices jumped nearly 3% to over $103 a barrel after US and Iranian forces exchanged fire in the Strait of Hormuz on Friday, May 8.

05/08/2026

WIRES

UK Bond Vigilantes Eye Gilts as Labour Absorbs Local Election Losses

UK gilt yields hit multi-decade highs as Labour absorbs heavy local election losses and backbench MPs push for Prime Minister Starmer's resignation.

05/08/2026

WIRES

Trump Sets July 4 Deadline for EU Trade Deal

Trump has given the EU until July 4 to finalize a trade deal, warning tariffs will jump to much higher levels if the bloc misses the deadline.

05/08/2026

WIRES

Nintendo Raises Switch 2 Price and Cuts Sales Outlook as Memory Costs Surge

Nintendo is raising the Switch 2 price to $499.99 in the U.S. from September and forecasting a 17% drop in console unit sales for fiscal 2027.

05/08/2026

WIRES

South East Water CEO Quits After String of Supply Failures

South East Water CEO David Hinton has resigned following repeated supply failures in Kent and Sussex that left tens of thousands without drinking water.

05/08/2026

WIRES

Oil Spikes Near $103 After US-Iran Clash in Hormuz Strait

Oil prices briefly spiked near $103 a barrel after US and Iranian forces exchanged fire in the Strait of Hormuz, though both sides say the ceasefire remains int

05/08/2026

WIRES

Tech Stocks May Be Cheapest in Years After Bumper Earnings Run

Analysts say US tech stocks now offer their best value in years as strong earnings reduce stretched valuations, with Morningstar flagging the sector's biggest d

05/08/2026

WIRES

Trump Sets July 4 Deadline for EU Trade Deal or Higher Tariffs

Trump has given the EU until July 4 to finalize a trade deal, warning tariffs will jump to "much higher" levels if the bloc fails to comply. CNBC reports.

05/08/2026

WIRES

Nintendo Hikes Switch 2 Price to $499.99 as Memory Crunch Bites Sales Outlook

Nintendo is raising the Switch 2's U.S. price to $499.99 and forecasting a steep sales decline as soaring memory chip costs hammer its annual outlook.

05/08/2026

MARKETS

Better Home and Finance Launches First Crypto-Backed Mortgage Product in Partnership With Coinbase

Better Home and Finance confirmed its first crypto-backed mortgage product in Q1 2026 results, letting borrowers pledge BTC or USDC as collateral via Coinbase.

05/08/2026

WIRES

Labour Haemorrhages Seats as Reform UK Surges in English Local Elections

Reform UK swept English local elections, taking Labour's northern heartlands and winning its first council outright, The Guardian reported Friday morning.

05/08/2026