Public Markets 24 Hours

Last updated: May 31, 2026, 8:31 PM ET

Energy & Commodities

Oil prices climbed from six-week lows amid uncertainty over potential US-Iran peace deals, with Brent crude rising above $81 per barrel despite few signs of the Strait of Hormuz reopening. The US military quietly guided approximately 70 commercial ships through the strategic waterway in the last three weeks, preventing major supply disruptions. Meanwhile, Brazil's state-controlled Petrobras cut diesel prices Monday as part of a government subsidy program shielding consumers from Middle East conflict, while more than half of shadow fleet oil tankers pose environmental disaster risks as aging sanctioned ships continue transporting crude.

M&A & Corporate Activity

Warren Buffett's Berkshire Hathaway agreed to acquire Taylor Morrison Home Corp. in an all-cash deal worth $6.8 billion, expanding its US housing market presence. In Mexico, real estate investment trust Fibra MTY announced its acquisition of peer Fibra Macquarie in a $1.7 billion deal after shareholder approval. The luxury travel sector saw restructuring as lenders for Ritz-Carlton Yacht eased terms to keep the cruise line afloat, with owners injecting $275 million in return for delayed payments. Saudi Arabia's Mutlaq Al-Ghowairi Contracting Co.'s shareholders seek up to $800 million in a Riyadh IPO that would mark the Gulf's first major listing this year.

Stock Market & AI Developments

SpaceX's upcoming IPO is forcing Wall Street to reorganize operations around what could be one of the year's largest listings, potentially clearing the way for other mega-offerings. Investors continued embracing AI-linked stocks as Wall Street's risk rally powered past geopolitical stalemates, with chipmakers experiencing historic gains intensifying debates over an artificial intelligence bubble. Big technology giants' dominance in the S&P 500 extends into the niche market for dividend futures and options, creating new dynamics for income-focused investors. While some bet the rally will defy bubble fears, others question valuation sustainability amid rising geopolitical tensions.

Central Banks & Policy Developments

Federal Reserve Governor Christopher Waller stated that stablecoins