Emerging Assets Slump as Energy Costs Spike on Iran Conflict

Published on March 2, 2026

Emerging-market currencies and stocks slumped as US and Israeli strikes on Iran are triggering a jump in energy prices and bring a rally in riskier assets to a screeching halt.

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BlackRock’s GIP and EQT to Buy AES for $10.7 Billion

March 2, 2026
BlackRock Inc.’s Global Infrastructure Partners LP and EQT AB agreed to buy AES Corp. for about $10.7 billion in cash as the market heats up for power plant developers that can provide electricity for energy-hungry AI data centers.

Amazon’s Extreme AI Spending Sends Stock to Worst Month in Years

March 2, 2026
Amazon.com Inc. may be a leader in the artificial intelligence race, but investors are increasingly unwilling to pay up for the cost of maintaining that position.