๐ Market Pulse โ Daily of 07 May 2026
๐ข๏ธ Shell tops profit estimates as Iran war drives crude price surge
Energy giant Shell has exceeded profit expectations for the first quarter, largely due to soaring energy prices fueled by the ongoing Iran war. The company reported adjusted earnings of $6.92 billion, surpassing analyst predictions.
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โฝ Hottest U.S. gas prices in years leave drivers feeling burned
Drivers across the U.S. are facing record-high gasoline prices, significantly impacting their personal finances. The surge in fuel costs is particularly burdensome for individuals like students who rely on their vehicles for daily commutes.
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๐ Bitcoin ETFs pull in $1.7B in five-day inflow streak
U.S. spot Bitcoin exchange-traded funds have experienced a strong five-day streak of inflows, attracting approximately $1.7 billion. This surge in investment is attributed to continued institutional demand as Bitcoin's price recovers above $80,000.
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๐จ The FDA has approved the sale of fruit-flavored vapes. What's behind the shift?
The FDA has, for the first time, authorized the sale and marketing of fruit-flavored electronic cigarettes. Reports suggest that President Trump personally urged FDA Commissioner Marty Makary to approve these products.
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๐ Hardware Wallet Thief Gets 78 Months in Prison Over $250M Crypto 'Heist'
A 20-year-old man has been sentenced to 78 months in federal prison for his involvement in a cryptocurrency theft ring that allegedly stole over $250 million. The criminal enterprise operated for more than a year, beginning in late 2023.