Oil Drops, Stocks Soar, China Surges | Irvine News

Presented by The Plant Daddies — rare specimen trees, living art, and hand-carved limestone vessels and fountains for extraordinary spaces. Showrooms in Los Angeles and Irvine. Listeners of Irvine News Today receive 10% off with code LANEWS10. theplantdaddies.com/lanews Global markets surged Monday as oil prices plummeted nearly 7% amid eased U.S.-Iran tensions, sparking a rally in Europe, Asia, and U.S. futures. Meanwhile, China’s CXMT exploded onto the Shanghai tech board, soaring 460% to become the nation’s most valuable listed company with a $490 billion market cap. Investors breathed a sigh of relief after weeks of inflation fears fueled by rising energy and new tariffs — now casting doubt on the Fed’s upcoming rate-cut hopes. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/c9ea42368112521c