WSJ What’s News What’s News in Markets: Occidental Petroleum Wobbles, Tesla Gains, Bumble Soars
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Jun 28, 2025 Geopolitical tensions have sent Occidental Petroleum shares on a rollercoaster ride. Tesla's recent robotaxi launch created a buzz, impacting its stock positively. Investors celebrated Bumble's cost-cutting measures, signaling confidence in their strategy. The discussion dives into how these factors influenced overall market trends this week. Discover the twists and turns in these stocks and what they mean for the financial landscape!
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Middle East Ceasefire Boosts Stocks
- Stocks rose after a ceasefire between Israel and Iran eased fears of energy market disruption.
- Despite a trade deal with China optimism, tensions with Canada on digital taxes caused some market pullback.
Occidental Petroleum's Volatile Week
- Occidental Petroleum shares dropped notably after U.S. actions against Iran raised conflict fears.
- The stock stabilized as the ceasefire held but ended the week with a 6.6% decline.
Shell and BP Merger Rumors
- Rumors circulated of Shell possibly acquiring BP, marking a major oil deal.
- Both Shell and BP stocks experienced declines amid mixed market reactions and denials.