China Southern Airlines and a subsidiary agree to purchase Airbus aircraft in a deal valued at $21.4 billion.

U.S. gas prices hit fresh record of $4.23 per gallon, AAA reports, amid war with Iran.

U.S. gas prices have reached a new record since the start of the war with Iran, averaging $4.23 per gallon nationwide, according to AAA.

Fertilizer prices spike as Hormuz disruption hits global food supply. Urea doubled to ~$900/ton since Jan, highest since 2022.

The Strait of Hormuz disruption is starting to affect global food supplies, with fertilizer prices surging rapidly. Urea has doubled since January to approximately $900 per ton, its highest level since 2022.

US core capital goods orders rose 3.3% in March, the largest gain since 2020, as business investment surges on AI spending. The data follows a revised 1.6% increase in February, signaling continued strength in the sector.

US core capital goods orders increased by 3.3% in March, marking the largest monthly gain since 2020, according to government data. The rise follows a revised 1.6% increase in February, indicating a surge in business investment driven by AI spending.

US housing starts jump 10.8% in March, defying expectations; building permits drop 10.8%. Starts handily beat the -0.4% forecast while permits missed the -0.3% estimate.

US March housing starts rose 10.8% month-over-month, versus an estimate of -0.4%, while preliminary March building permits fell 10.8% month-over-month, compared to an estimate of -0.3%.