It’s a massive day for the markets as geopolitical shifts collide with a changing media landscape. Here are the top ten stock market and business news headlines for today, Tuesday, March 10, 2026:
- Trump Peace Signal Triggers Global Relief Rally U.S. stock futures rose as President Trump signaled that the conflict in Iran would end "very soon," easing investor fears of a prolonged energy crisis. Read more at Morningstar
- Crude Oil Prices Retreat Below $90 Amid Easing Sanctions Talk After peaking near $120, benchmark U.S. crude fell sharply as the administration weighs a Strait of Hormuz takeover and the easing of Russian oil sanctions. Read more at BNN Bloomberg
- YouTube Overtakes Disney as World’s Largest Media Giant With 2025 revenues of $62B, Alphabet’s YouTube has officially surpassed Disney Media, sporting a standalone valuation of up to $560B. Read more at Seeking Alpha (Based on MoffettNathanson research)
- Small Business Optimism Dips While Sales Improve The NFIB Small Business Optimism Index fell slightly in February, but owners report increased sales and more certainty about the coming months. Read more at NFIB
- Anthropic Fires Back at Pentagon over 'Supply Chain' Blacklisting AI leader Anthropic is legally challenging a Department of War designation that restricts its use, a case likely to set a major precedent for AI regulations. Read more at Seeking Alpha
- Japan’s GDP Beats Estimates, Strengthening Case for Rate Hikes Revised data shows Japan's economy grew faster than expected at the end of 2025, providing the Bank of Japan more room for hawkish policy shifts. Read more at Morningstar
- Lumentum (LITE) Shares Jump 15% on Strong Supplier Outlook The tech firm surged after being highlighted as a key supplier for Ciena, leading a broader rally in the tech and industrials sectors. Read more at Simply Wall St
- Nigel Farage Takes Stake in Kwarteng-Led Crypto Firm 'Stack BTC' The Reform UK leader invested £215,000 in the London-listed cryptocurrency business chaired by former Chancellor Kwasi Kwarteng. Read more at AGCC
- Elon Musk’s SpaceX Eyes Potential Nasdaq Listing Speculation is mounting that SpaceX is considering an early Nasdaq entry, which could see it join major indices sooner than previously anticipated. Read more at Seeking Alpha
- Oracle (ORCL) Earnings Preview: AI Spending Under the Microscope Oracle reports Q3 results today with a heavy focus on cloud revenue and rumors of potential layoffs driven by massive AI capital expenditures. Read more at Simply Wall St
Pentagon blacklisting: Anthropic fires back at the Department of War over its 'supply chain risk' designation in a case that will set precedent for AI use restrictions.
Still volatile: Crude oil is back in the $80s as Trump weighs a Strait of Hormuz takeover, easing Russian sanctions, and getting rid of the Jones Act.
Air taxis: Archer Aviation (ACHR) takes another major step forward toward eVTOL deployment in the U.S., but it files a countersuit targeting Joby Aviation (JOBY).
Screen time
Who's the biggest media company on the planet? The answer might surprise some, as it is no longer a Hollywood giant, with the tech world converging on the sector and Alphabet's (GOOGL) YouTube emerging as the largest player there.
Flashback: Some might remember the early fights battled on the Internet when Google Video was a separate tab on the search platform. Google (GOOGL) would go on to scoop up rival YouTube for $1.65B in 2006 and later incorporate the streamer into its operations as a separate subsidiary. It now logs trillions of views per year and has become the dominant force of the media landscape, expanding into music, podcasts, TV, sports, live entertainment, and more.
"YouTube's $62B in full year 2025 revenues slightly exceeded Disney Media's (DIS) $60.9B to claim the top prize," according to research compiled by MoffettNathanson. "In a world filled with business model concerns, YouTube’s global scale and innovative offerings create an uncommonly high moat... YouTube is 50% larger than Netflix (NFLX) its nearest rival... Over the next few years, unlike almost any other asset we cover, we strongly believe that YouTube will be a major beneficiary of both the structural tailwinds and headwinds facing technology and media companies."
Valuation: If YouTube were to be spun off as a standalone company, MoffettNathanson values the business at between $500B-$560B, or 8 to 9x its 2025 revenue. At that level, it'd be worth more than all the current Big Five Hollywood majors combined, including Disney (DIS), Comcast (CMCSA), Warner Bros. (WBD), Sony (SONY), and Paramount Skydance (PSKY) (and that's inclusive of the companies' other operations). YouTube is also growing among older and younger audiences alike, supported by a creator-driven ecosystem that enjoys a coveted dual revenue stream model. It's not only integrating advertising with a successful subscription business, but the platform is positioned to become the central aggregator for all digital video. "The continued development of GenAI will help creators produce even more impactful content that will be increasingly better targeted and better monetized by other AI tools," per the research note. (2 comments)
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What else is happening...
WSB survey results: Oil price outlook remains highly uncertain.
Oracle (ORCL) earnings on deck: Focus on cloud unit, AI spending.
South Korea affirms deterrence capability even as U.S. redeploys arms.
Safety push: UBER rolls out women-only pairing option nationwide.
It's official: Live Nation (LYV) settles with DOJ in antitrust case.
U.S. sees fewer new solar installations in 2025 after policy shift.
Hims & Hers (HIMS) upgraded at Citi on Novo (NVO) partnership.
Airlines around the world are hiking ticket fares as jet fuel prices soar.
Early index entry? Elon Musk's SpaceX considers Nasdaq listing.
Bill Ackman’s Pershing Square (PSHZF) files for U.S. IPO.
Today's Markets
In Asia, Japan +2.9%. Hong Kong +2.2%. China +0.7%. India +0.8%.
In Europe, at midday, London +1.7%. Paris +2.1%. Frankfurt +2.5%.
Futures at 7:00, Dow +0.2%. S&P +0.2%. Nasdaq +0.3%. Crude -6.5% to $88.61. Gold +1.6% to $5,185.40. Bitcoin +4.3% to $70,662.
Ten-year Treasury Yield +2 bps to 4.12%.
On The Calendar
Companies reporting today include Oracle (ORCL) and NIO (NIO).