Economy

Proxy advisor ISS urges ConocoPhillips shareholders to vote for independent board chair

Proxy advisor ISS on Wednesday recommended that ConocoPhillips shareholders vote in favor of a proposal calling for an independent board chair, citing the need for stronger

How Deutsche Telecom and T-Mobile US could pull off the world's biggest M&A deal

Deutsche Telekom is exploring a possible tie-up with T-Mobile US to create a $300 billion telecoms giant, sources said, in what would overtake Vodafone-Mannesmann's

'Lipstick effect' boosts L'Oreal sales as crisis-weary consumers turn to beauty

L'Oreal posted its fastest quarterly sales growth in two years on Wednesday and said it was optimistic about growth, despite growing concerns about a

US breach of commitments, blockade of ports main obstacles to 'genuine negotiation', Iranian president says

The U.S. breach of commitments and its blockade of Iranian ports and threats are the main obstacles to "genuine negotiations", Iranian President Masoud Pezeshkian said on

US-based Virtus and Indian partner to restart Congo copper miner Chemaf in 2027, union executive says

U.S.-based Virtus Minerals and Indian partner Lloyds Metals & Energy plan to restart full production at Congolese copper and cobalt miner

Fannie, Freddie to accept 'predictive' credit scores, US officials say

Housing finance giants Fannie Mae and Freddie Mac are now accepting additional credit scores that take into account rent and

Minnesota counties push Legislature to shore up support for software upgrades decades overdue

Minnesota counties push Legislature to shore up support for software upgrades decades overdue

Peru's Balcazar says payment for F-16 purchase postponed until next government takes power

Peruvian interim President Jose Balcazar said on Wednesday that the payment for a purchase of F-16 aircraft has been postponed until the next government takes power in July.

Condom maker may raise prices because of Iran war

Condom maker may raise prices because of Iran war

Trump ballroom deal shields donor identities, limits conflict safeguards, contract shows

Newly released documents show the Trump administration set up a legal framework allowing hundreds of millions of dollars in anonymous private donations to fund

$28 billion and counting: Europe tallies the cost of another energy crisis

$28 billion and counting: Europe tallies the cost of another energy crisis

DHS warns it will run out of money to pay airport security workers in coming weeks

DHS warns it will run out of money to pay airport security workers in coming weeks

Devin Nunes steps down as head of Trump’s struggling media company

Devin Nunes steps down as head of Trump’s struggling media company

Trump advisers privately strategize around a new midterm push: Democrats would be worse

Trump advisers privately strategize around a new midterm push: Democrats would be worse

Russia to stop Kazakh oil flows to German PCK refinery via Druzhba

Russia will stop the supply of Kazakh crude oil via the Druzhba pipeline to Germany from May 1, Deputy Prime Minister

Brazil's BRB shareholders approve $1.8 billion capital increase

Shareholders of Brazilian state-run lender Banco de Brasilia (BRB) on Wednesday approved a capital increase of up to 8.8 billion reais ($1.77

EU may let startups claim innovation benefits in M&A if Big Tech not involved

Startups claiming innovation benefits for their deals will likely secure speedy EU antitrust approval, but not if Big Tech is involved, a draft revamp of

United Airlines says fares may need to rise up to 20% to offset fuel surge

United Airlines CEO Scott Kirby said on Wednesday ticket prices may need to rise by as much as 15% to 20% to offset a surge in jet fuel costs,

Boeing CEO: Trump is key to closing major plane order from Chinese airlines

Boeing is counting on the Trump

From paint to flights, Iran war lifts costs, darkens outlooks

Companies from consumer goods to travel and mining warned on Wednesday that the U.S.-Israeli war with Iran is

Wall Street rises on Iran ceasefire extension and solid earnings

U.S. stocks climbed on Wednesday after U.S.

Bessent says Gulf, Asian allies request swap lines, UAE and US would benefit from one

U.S.

Canada is not a supplicant, will not let US dictate terms of USMCA review, says Carney

Canada is not a supplicant that will allow the U.S. to dictate the terms for a scheduled review of the United States-Mexico-Canada trade treaty, Prime

United Airlines CEO plays down merger talk as White House signals skepticism

United Airlines CEO Scott Kirby on Wednesday played down speculation about a potential tie-up with American Airlines and declined to comment on

US hoping for wider farm goods purchases deal from China in Trump's trip, Greer says

The U.S. is aiming to get agreement on a broader range of farm goods purchases by China beyond soybeans during President Donald Trump's planned visit there next month, U.S.

Deutsche Telekom and T-Mobile in early talks for mega merger, sources say

Deutsche Telekom is exploring a deal to combine with T-Mobile US and create a transatlantic

Boeing posts smaller-than-expected loss as recovery gains traction, shares jump

Heavy rain and snowmelt are hurtling large chunks of ice into northeastern Michigan homes

Large chunks of ice have rammed into homes along Michigan's Black Lake in the northeastern Lower Peninsula as constant spring rainfall and winter melt have flooded homes and threatened to overflow stressed dam systems

Supreme Court rules for Michigan in its fight to shut down an aging energy pipeline

The Supreme Court has sided with Michigan in ruling that the state’s lawsuit seeking to shut down a section of an aging pipeline beneath a Great Lakes channel will stay in state court

Zelensky tells CNN talks on Ukraine cannot wait until after the war in Iran is over

Zelensky tells CNN talks on Ukraine cannot wait until after the war in Iran is over

Sorry, Tampa Bay, mixed-use districts don’t reverse the dismal economics of sports venues

Tampa residents, take note: The Battery has delivered for the Atlanta Braves, but not for Georgia taxpayers.

US Labor Department unveils proposal on contract, franchise worker pay

President Donald Trump's administration on Wednesday moved to make it more difficult to hold companies liable when their contractors or franchisees violate

Wall Street opens higher on ceasefire extension relief

Wall Street's main indexes opened higher on Wednesday after U.S.

Boston Scientific cuts annual forecast, shares rise on reset

Medical device maker Boston Scientific slashed its annual profit and revenue growth forecasts on Wednesday, a move analysts said could reassure

Honeywell's Quantinuum confidentially files for US IPO

Industrial giant Honeywell said on Wednesday its quantum computing company, Quantinuum, has confidentially filed paperwork for a U.S. initial public offering.

Robinhood's venture fund bets on OpenAI as retail rush for AI heats up

Robinhood's venture fund said on Wednesday it has invested $75 million in OpenAI, allowing retail investors exposure to one of the world's hottest privately held AI

Germany halves 2026 growth forecast, raises inflation outlook amid Iran war

Germany's economy ministry cut its growth forecasts for 2026 and 2027 and raised its inflation projections on Wednesday, as the Iran war drives up oil

Blockchain billionaire Sun takes Trump family’s crypto firm to court

Crypto entrepreneur Justin Sun on Tuesday ​sued World Liberty Financial, the digital currency venture co-founded by

Philip Morris trims annual profit forecast amid nicotine pouch uncertainty

Philip Morris International cut its annual profit forecast on Wednesday amid regulatory uncertainty over its Zyn nicotine pouches and rising competition in

Waiting for 'safe and sustainable' strait crossings, top shipping execs say

Safe and sustainable passage through the Strait of Hormuz is what top shipping companies require before the world's sees much oil or cargo

Dollar gains as Iran war keeps central banks in wait-and-see mode

The dollar rose on Wednesday on lingering concerns about the ongoing U.S.-Israeli war with Iran, after President Donald Trump

Private credit funds' shares trade at steep discounts as concerns grow

Shares of private credit funds are trading at their deepest discounts to net asset values in more than 5-1/2 years as investors grow more sceptical of

Toronto exchange operator to buy Cboe's Canada, Australia units

TMX Group on Wednesday agreed to buy Cboe Global Markets' Canadian and Australian businesses for $300 million, in a deal that

Best Buy taps insider Bonfig to succeed veteran Barry as CEO amid demand slowdown

Best Buy on Wednesday named insider Jason Bonfig as CEO, replacing longtime executive Corie Barry, in a leadership change that comes as the

Number of top women bankers edges up despite US backlash, study shows

The number of women holding top jobs at leading financial institutions has edged up to a record high, a new report has shown, suggesting diversity is

Druzhba pipeline restarts Russian oil flows to Europe, unblocking EU loan for Kyiv

Russian oil flowed through the Ukrainian section of the Druzhba pipeline on Wednesday after a halt lasting months, officials

USDA and Palantir sign $300 million software purchase agreement

The U.S. Department of Agriculture and software company Palantir Technologies on Wednesday announced the signing of a $300 million Blanket Purchase Agreement (BPA).

Del Vecchio heir lines up banks for 10 billion euro loan to triple Delfin stake

Leonardo Maria Del Vecchio has reached a preliminary agreement with banks for a 10-billion-euro ($11.7 billion) loan to buy out two of his siblings in the family holding

Hungary's next government vows to open communist-era secret police archives

Hungary's new government will open up the historical archives of its communist-era secret police, according to the man who will run the office of Peter Magyar, winner of

Rivian starts production of R2 SUVs, deliveries expected later this spring

Rivian on Wednesday started production of its smaller R2 SUVs, with customer deliveries expected later this spring, the electric-vehicle maker said,

Budweiser-maker Anheuser-Busch lays out $600 million investment plan for US facilities

Anheuser-Busch InBev is investing $600 million in U.S. manufacturing facilities over two years, the American subsidiary of the world's top brewer said on Wednesday, in line with

Micron pushes US Congress to crack down on chip tool sales to Chinese rivals, sources say

Micron Technology, the largest U.S. memory chipmaker, is a driving force pushing the U.S.

Are you a DHS employee worried about getting future paychecks? Tell us about it

Are you a DHS employee worried about getting future paychecks? Tell us about it

Carney, boosted by majority government in Canada, aims for US trade deal

After securing a majority government in Canada last week, Prime Minister Mark Carney faces his biggest challenge: redefining trade with the U.S. under

SiriusXM to sell YouTube audio ads exclusively in US

SiriusXM has struck a deal with Alphabet's YouTube to become its exclusive audio advertising sales partner in the U.S., it said on Wednesday.

In Mexico, flagship Mayan tourist train leaves trail of broken pledges

Deep in Mexico's Maya jungle, brilliant white lights blaze improbably in the wilderness: a maintenance depot for a flagship multi-

South Korea, Vietnam sign 12 MOUs as Lee urges broader cooperation

South Korean President Lee Jae Myung called for expanding cooperation with Vietnam beyond trade and investment to areas including energy security and infrastructure during

AT&T adds more wireless subscribers than expected as bundling pays off

AT&T added more wireless subscribers than expected in the first quarter, benefiting from customers opting for the telecom provider's packages bundling

TE misses quarterly revenue estimates, flags price hikes due to Iran war

Electronic equipment maker TE Connectivity missed quarterly Wall Street expectations on Wednesday and warned it may have to pass higher raw-material costs on

Teledyne lifts annual profit forecast, beats quarterly estimates

Teledyne Technologies on Wednesday raised its profit forecast for full-year 2026, as the sensing systems maker continues to benefit from robust demand across its digital imaging,

Moody's profit rises on strong analytics growth, lifts annual forecast

Ratings agency Moody's reported a rise in first-quarter profit on Wednesday, driven by strong demand for its research and analytics products, and raised its 2026 earnings forecast

EU prepares finalisation of Ukraine loan and new Russia sanctions, Cyprus says

EU ambassadors approved on Wednesday the disbursement of a promised 90 billion euro ($106 billion) loan to Ukraine as well as a new package of sanctions against Russia,

South Korea, Vietnam agree to boost nuclear energy, high-tech cooperation

Vietnam and South Korea's leaders agreed to boost cooperation in nuclear energy and high-tech at a meeting in Hanoi on Wednesday, as the

Fed rate cut pushed back to late 2026 on war-related inflation risks: Reuters poll

The U.S.

Governments worldwide shield households from rising energy costs

Governments worldwide are trying to shield consumers from soaring energy costs resulting from the U.S.-Israeli war on Iran. 

Traders place $430 million bet on lower oil price before Trump ceasefire extension

Traders placed a series of bets worth $430 million on a drop in crude prices just 15 minutes before U.S.

Czech public broadcaster unions issue strike warning over government's funding revamp

Unions at Czech Television and Czech Radio warned they were preparing to strike on Wednesday over what they see as a threat to their independence from planned government

CME Group profit rises as market volatility drives hedging demand

CME Group reported a rise in first-quarter profit on Wednesday, as the derivatives exchange operator benefited from heightened market volatility encouraging more

GE Vernova lifts 2026 outlook as AI boom fuels power equipment demand

GE Vernova on Wednesday raised its annual forecasts for revenue and adjusted core profit margin, betting on surging demand from data centers and grid infrastructure

Italy cuts growth outlook, hikes deficit, debt as Iran war weighs

Italy on Wednesday cut its economic growth outlook and hiked forecasts for the budget deficit and public debt, reflecting surging energy

Delay in Medicare pilot for obesity drugs may not hurt near-term demand, analysts say

A delay in a Medicare pilot to cover obesity drugs due to health insurers' hesitation to participate in the program is unlikely to dent near-term demand for weight

Gaming industry could unlock $22 billion in profits on AI-driven cost cuts, says Morgan Stanley

Advanced artificial intelligence tools could help cut down video game developing costs by nearly half, potentially unlocking about $22 billion in annual profits

The Gates Foundation is hiring an investigator to probe its Epstein connections

The Gates Foundation is hiring an investigator to probe its Epstein connections

China's foreign and defense ministers meet with Cambodian counterparts in joint '2+2' dialogue

Cambodia and China have held their first meeting of what is called a “2+2” Strategic Dialogue Mechanism

Mets fans might be losing faith as lengthy losing streak finally ends

Mets fans might be losing faith as lengthy losing streak finally ends

How personal finance advice is getting political, thanks to ‘finfluencers’

Money management guidance used to be uncontroversial and staid. It’s become something completely different on social media.

The fee you didn’t know you were paying to leave a country

The fee you didn’t know you were paying to leave a country

More World Cup seats will go on sale after FIFA adds costlier ticket categories

FIFA is putting more World Cup tickets on sale after angering some fans by adding new, more expensive categories

EU close to approving a $106B loan for Ukraine after months of deadlock

The European Union is close to approving a 90 billion euro ($106 billion) loan package to support Ukraine’s military and financial needs for the next two years

Tables turn as Republicans face gas-price attacks they once used on Democrats

Tom Barrett tapped into voter frustration over high gas prices as part of his successful 2024 run for Congress in Michigan.

Software makers' best may not be good enough as AI fears mount

Salesforce will likely report its fastest quarterly revenue growth in three years, but analysts say that may not be enough, as fears that

S&P 500 PE looks cheap, but high oil prices still pose a threat 

Wall Street has roared back to record highs even as uncertainty over the conflict in Iran lingers, a risk highlighted by a steady

Crypto exchanges gear up to launch US perpetual futures ahead of rule change

Global crypto exchanges are racing to capitalize on the U.S.

EU envoys poised to adopt 20th package of Russia sanctions, diplomats say

European Union envoys are set to adopt a 20th package of sanctions against Russia, with Slovakia and Hungary expected to drop their opposition to the move

Thailand can borrow $15.55 billion by October without raising debt ceiling, minister says

Thailand's government has room to borrow up to 500 billion baht ($15.55 billion) by October without raising the public debt ceiling, its finance minister said on

Trump's deportation push could cost Republicans in midterm elections, Reuters/Ipsos poll finds

By Jason Lange, Ted Hesson and M.B.

Peru pipeline rupture followed years of regulator warnings, documents show

A pipeline rupture that crippled Peru's energy grid in March followed years of documented warnings from regulators to pipeline operator TGP about

German economy likely grew in Q1 but Iran war weighs on outlook, Bundesbank says

The German economy grew at a modest pace in the first quarter on healthy industrial and services output but higher energy prices and the uncertainty over the Iran war

Economic turbulence and rate hikes could jeopardise France's deficit efforts, fiscal watchdog warns

Uncertain economic conditions and possible changes in interest rates could throw France's effort to trim its deficit to 3% of output by 2029 into doubt, France's fiscal

Merck to partner with Google Cloud on AI initiatives

Drugmaker Merck & Co said on Wednesday it will partner with Google Cloud to build up its artificial intelligence capabilities, investing as much as $1

Iran war conflict could create systemic gas demand destruction, says top sector official

The natural gas demand destruction currently resulting from the Iran war as governments implement measures to mitigate the crisis risks becoming

Asian shipowners to cross Hormuz before Western firms, executives say

Asian ship owners might begin to sail through the Strait of Hormuz soon amid a fragile U.S.-Iran ceasefire as they have a higher

UK consumers turn gloomiest about economy since records began in 1978

British consumers are gloomier about the economy than at any time since records began in 1978, according to a survey published on Wednesday that showed the Iran war and soaring

In the AI era, Apple's strengths may become its constraints

Apple built its empire on control.

Turkey central bank holds rates at 37% as it eyes Iran war fallout

Turkey's central bank held its key interest rate at 37% as expected on Wednesday, deciding not to hike but warning that fallout from the

The Iran war could drive up costs for petroleum-derived products like clothes and crayons

The Iran war’s most tangible and immediate effect for many people outside the Middle East has been spiking gasoline prices

Tim Cook’s extraordinary career in 4 charts

Tim Cook’s extraordinary career in 4 charts

Trump media company replaces ex-congressman Nunes as CEO after stock plunge that wiped out billions

The Trump business behind Truth Social is replacing a former congressman and big supporter of the U.S. president as leader of the social media platform after a stock collapse in the past year

The ‘groundbreaking’ case of the cyber experts who allegedly broke bad and worked with criminals

The ‘groundbreaking’ case of the cyber experts who allegedly broke bad and worked with criminals

Italy's 2025 deficit-GDP ratio confirmed at 3.1%, in blow to PM Meloni

Italy posted a budget deficit of 3.1% of gross domestic product last year, statistics bureau ISTAT reported on Wednesday, confirming previous data and dashing Rome's hopes

UK house prices rose by 1.2% in year to February, ONS says

British house prices rose by 1.2% in the year to February, after a 1.0% increase in the year to January, the Office for National Statistics said on Wednesday.

European stocks slip as Middle East tensions persist; earnings watched 

European shares dipped on Wednesday, extending losses for a third straight session, as a fragile U.S.-Iran truce weighed on sentiment, while

Japex aims to quadruple oil and gas output in 10 years, eyes US expansion

Japan Petroleum Exploration said on Wednesday it plans to quadruple its oil and gas output over the next decade, investing 1.16 trillion yen ($7.3 billion)

US investors crave predictability after Orban's overnight law changes

U.S. investors in Hungary are hoping for a return to predictable policymaking after years of abrupt law changes and ad hoc measures, following centre-

The US-Iran war is spilling into the Indo-Pacific. That could make it harder to end

The US-Iran war is spilling into the Indo-Pacific. That could make it harder to end

South African inflation nudges higher ahead of expected April surge

South Africa's headline consumer inflation edged up as expected last month, but analysts said the increase would be far larger in April when fuel

From airlines to banks: Australian, New Zealand firms feel heat of Gulf crisis

Companies in Australia and New Zealand are beginning to signal the financial strain from the U.S.-Israeli war on Iran, as higher fuel prices stoke inflation, dent business and

China unveils plan to make cities more youth, child friendly

China has issued a new proposal urging cities to integrate youth development into urban planning, housing, healthcare, education and public services, in a broader push

How the Iran war oil and gas supply shock compares with past disruptions

The U.S.-Israeli war with Iran and the closure of the Strait of Hormuz have caused the biggest oil supply disruption on record by daily output lost, though

UK inflation, showing first hit from Iran war, jumps to 3.3%

British inflation rose to 3.3% in March from 3.0% in February, according to data showing the first impact on prices from the Iran war

UK's Senior expects 2026 performance above expectations on stronger aerospace demand

Aerospace and defence supplier Senior Plc on Wednesday said it expects its 2026 performance to be "comfortably better" than prior expectations after strong demand in the first

UK inflation rises as prices at the pump spike after Iran war

Inflation in the U.K. climbed in March, driven by a sharp rise in fuel prices following the Iran war

US halts Iraq dollar cash shipment after militia strikes, sources say

The United States has halted a shipment of about $500 million in cash bound for Iraq and suspended parts of its

USTR Greer urges US allies to pay more for critical minerals, FT reports

U.S. Trade Representative Jamieson Greer has told American allies they must pay more for critical minerals sourced from outside China, the Financial Times reported on Wednesday. 

Number of immigrants in EU reaches record high of 64.2 million in 2025, study shows

The number of immigrants residing in the European Union climbed to a record high of 64.2 million in 2025, up about 2.1 million from a year earlier,

Cuban exiles have renewed hope and fears over claims on property seized long ago

President Donald Trump's threat of military intervention in Cuba is raising hopes of regime change among Cuban Americans

How a crummy cake kicked off a food-delivery crisis in China

How a crummy cake kicked off a food-delivery crisis in China

Convenience store owner Yesway raises $280 million in US IPO

Convenience store owner Yesway said on Tuesday it had raised $280 million in its U.S. initial public offering.   

Indefinite ceasefire, markets unbothered

A look at the day ahead in European and global markets from Ankur Banerjee An indefinite ceasefire in the Middle East that may or may not be agreed by all parties but is mostly expected by markets is

OpenAI in talks to commit up to $1.5 billion to private equity JV, FT reports

Artificial intelligence firm OpenAI is set to commit up to $1.5 billion to a new joint venture with private equity firms, Financial Times reported on Wednesday, citing people

Australia's Treasury Wine surges 17% on robust China demand, new regional structure

Shares of Treasury Wine Estates rose more than 16% on Wednesday, their sharpest one-day gain in over five years, after Australia's standalone winemaker reported

This week at SpaceX: AI bets, losses and push for control as mega IPO looms

Elon Musk's SpaceX saw a slew of developments this week as it barrels toward what could be the largest initial public offering in history.

STORY REMOVED: Financial Markets

Please disregard Financial Markets, published on Apr

The Latest: Trump extends the ceasefire with Iran but keeps the blockade

President Donald Trump says he is extending the ceasefire with Iran at Pakistan’s request while awaiting a “unified proposal” from Tehran, even as the U.S. military maintains its blockade of Iranian ports

Japan exports rise for seventh month as AI demand blunts Mideast risks for now

Japan's exports rose for a seventh straight month led by demand tied to artificial intelligence that has for now blunted the impact of trade disruptions

New Zealand's investor visa draws nearly NZ$4 billion

New Zealand's "golden visa" programme has drawn nearly NZ$4 billion ($2.4 billion) in committed and pipeline investment in its first year, the government said on

Trump mulls extending shipping waiver to ease US oil shipments, Axios reports

U.S.

Virginia voters approve redistricting plan that could boost Democrats’ seats in Congress

Virginia voters have approved a congressional redistricting plan that could help Democrats win up to four additional U.S. House seats in this year’s midterm elections

With acting AG at his side, FBI Director Patel publicly addresses allegations about his conduct

With acting AG at his side, FBI Director Patel publicly addresses allegations about his conduct

Taiwan president postpones Eswatini visit and says China pressured African countries

Taiwan’s president has postponed a planned visit to Africa after three countries withdrew permission for his flight over their territories

America Movil posts Q1 profit up 25%

Mexican telecoms giant America Movil on Tuesday posted a 25.1% rise in profit for the first quarter, driven by stronger operating earnings and lower financing costs.

South32 cuts Australia manganese outlook on cyclone impact, flags Middle East risks

Diversified miner South32 cut its full‑year forecast on Wednesday for its Australia Manganese unit after wet-season rainfall and Tropical Cyclone Narelle disrupted operations, and

Tiny Pacific nations face tough choices on food, fuel posed by Iran war

Far-flung Pacific nations are reeling from the impact of a global fuel crisis as authorities scramble to manage energy supplies while families must

UK pay awards rise in Q1 but April hints at softness, Brightmine says

British employers offered slightly higher pay deals in the first quarter of 2026 but early signs of softness emerged in April, a key month for wage settlements, a survey from

SpaceX says it has option to acquire startup Cursor for $60 billion

SpaceX said it has secured an option to either acquire code-generation startup Cursor for $60 billion later this year, or pay $10 billion for their new partnership, as it pushes

South Korea producer prices rise in March at fastest in more than 3 years

South Korea's producer prices rose in March at the sharpest pace in more than three years on a surge in oil prices sparked by the Middle East conflict, central bank data

Consumer watchdog group files suit alleging Meta profited on ads for scams

The Consumer Federation of America has filed a class-action complaint against Meta Platforms alleging that the social-media giant has profited from advertising for

Capital One quarterly profit misses estimates as bad loan provisions rise

Capital One Financial missed Wall Street expectations for first-quarter profit on Tuesday, as the consumer lender set aside more money to cover potential bad loans.

GM delays next-gen EV truck program, Crain's Detroit reports

General Motors is indefinitely delaying its next-generation full-size electric truck program, including the GMC Sierra and Chevrolet Silverado, which was set to start in

Trump renews his call for Congress to intervene and pass legislation to control college sports

President Donald Trump repeated his call for Congress to pass legislation that would rein in college sports at a time athletes are allowed to move freely from school to school and command salaries that put athletic departments in financial peril

Anthropic's Mythos model accessed by unauthorized users, Bloomberg News reports

A small group of unauthorized users has accessed Anthropic's new Mythos AI model, Bloomberg News reported on Tuesday, citing documentation and a person familiar with the matter.

US transportation secretary seeks $10 billion for air traffic control overhaul

U.S.

Trump says the US will extend its ceasefire with Iran at Pakistan's request

President Donald Trump says the United States is indefinitely extending its ceasefire with Iran at Pakistan’s request as he waits for a unified proposal from the Islamic Republic

Navy review puts future of highest-tech US aircraft carriers in question

The Navy is reviewing the design and costs of its Ford-class aircraft carrier, one of its most high-tech and expensive warships

Meta breaks ground on over $1 billion data center in Oklahoma's Tulsa

Meta Platforms said on Tuesday it has begun construction on a new data center in Tulsa, Oklahoma, a project valued at more than $1 billion, as the Facebook-parent races to build

Fed's Waller would 'absolutely' oppose firing reserve bank presidents over rate disagreement

Federal Reserve Governor Christopher Waller on Tuesday said he would "absolutely" oppose any effort to try to fire Fed regional bank presidents over disagreements on interest rate

Japan considers inviting Philippines President Marcos for state visit next month, Nikkei reports

The Japanese government is in talks to invite Philippine President Ferdinand Marcos Jr. to Japan as a state guest as early as next month, Nikkei Asia reported on Wednesday.

Fed chair pick Warsh makes case for smaller Fed holdings in hearing

Kevin Warsh, tapped by President Donald Trump to lead the Federal Reserve, told a Senate panel on Tuesday he would work with the Treasury Department to help achieve his

NYC's first table games casino, Resorts World New York City, set to officially open in Queens next week

NYC's first table games casino, Resorts World New York City, set to officially open in Queens next week

Trump says he will 'remember' companies that don't seek tariff refunds

President Donald Trump said on Tuesday he will "remember" companies that do not seek refunds for payments they

Air New Zealand's chief financial officer resigns, airline commences search for replacement

Air New Zealand said on Wednesday that its finance chief Richard Thomson has resigned and will leave the airline on August 28.

Trading Day: Trump extends ceasefire deadline ... after market close

Oil and the dollar rose on Tuesday and U.S. stocks fell, as investors baulked at signals from Washington and Tehran that peace talks have not

Adobe announces $25 billion stock buyback amid AI disruption fears

Adobe on Tuesday announced a share repurchase program worth up to $25 billion through April 30, 2030, as the Photoshop maker seeks to reassure investors of its growth strategy

Five things learned at Fed nominee Warsh's Senate hearing

In testimony Tuesday at the Senate Banking Committee, Federal Reserve Chair nominee Kevin Warsh never said if he agrees with President Donald Trump's view that the Fed's policy

NY State lawmakers revive bill to curb distressed sovereign debt lawsuits

New York state lawmakers have reintroduced legislation that would curb some investors' ability to buy distressed sovereign debt and sue for full

Saving Spirit Airlines possibly puts 'good money after bad', Transportation head Duffy says

U.S. Transportation Secretary Sean Duffy on Tuesday raised concerns about using government funds to rescue low-cost bankrupt airline Spirit Airlines. 

Purdue Pharma's $5.5 billion sentencing for opioid charges delayed after victims show up to court

A federal judge on Tuesday delayed the planned criminal sentencing of Purdue Pharma by one week, saying she wanted to allow more public participation

Argentina's Milei will send electoral reform to congress

Argentine President Javier Milei said on Tuesday he will send an electoral reform bill to Congress on Wednesday to eliminate mandatory primary elections.

SpaceX says unproven AI space data centers may not be commercially viable, filing shows

SpaceX warned investors that its ambitions to build space-based artificial intelligence data centers, as well as human settlements on the moon and Mars,

United Airlines echoes industry caution as Iran war fuel surge squeezes margins

United Airlines on Tuesday forecast second-quarter and full-year profits below Wall Street estimates as higher jet fuel prices squeeze margins and

New York sues Coinbase and Gemini, seeking to halt unlicensed prediction market businesses

New York is suing Coinbase and Gemini over unregulated and unlicensed prediction market platforms that the state contends are illegal gambling operations

Small business owners skeptical about getting tariff refunds

Small business owners skeptical about getting tariff refunds

US forces board a sanctioned oil tanker in the Indian Ocean, the Pentagon says

U.S. forces have boarded an oil tanker previously sanctioned for smuggling Iranian crude oil in Asia

Supreme Court seems wary of limiting federal regulators' power in a data privacy case

The Supreme Court seems wary of limiting the power of federal regulators in a case over multimillion-dollar penalties levied against telecommunications giants Verizon and AT&T

Trump picks a University of Minnesota professor to lead his economic council

President Donald Trump is nominating University of Minnesota economist Christopher Phelan as the next chairman of the White House Council of Economic Advisers

Florida attorney general launches criminal investigation into ChatGPT maker OpenAI after deadly FSU shooting

Florida attorney general launches criminal investigation into ChatGPT maker OpenAI after deadly FSU shooting

Stocks slip and oil prices rise on uncertainty about US-Iran ceasefire talks

U.S. stocks and oil prices flip-flopped as uncertainty rose about what will happen following a two-week ceasefire in the war with Iran, which had been set to expire Wednesday

Trump's approval on economy falls in AP-NORC poll, showing new warning signs for president

A new AP-NORC poll finds that President Donald Trump’s approval rating on the economy has slumped over the past month as the Iran war drives prices higher

Republicans launch a new effort to fund the Department of Homeland Security

The Senate voted on Tuesday to launch a new effort to reopen the Department of Homeland Security and end the longest partial government shutdown in history

Federal judge strikes down some Trump administration actions that have slowed clean energy projects

A federal judge in Massachusetts has struck down some of the Trump administration’s orders slowing down the development of clean energy

Trump raises prospect of federal support or merger as Spirit Airlines struggles with costs and debt

President Donald Trump is suggesting the federal government could help keep Spirit Airlines afloat while also calling for a buyer to step in

Fed's Waller calls for overhaul of regional Fed bank operations

Federal Reserve Governor Christopher Waller on Tuesday laid out options for revamping the operational structure of the Fed system's 12 regional banks, calling for consolidation of

Pope criticizes colonization of Africa's minerals as he arrives in Equatorial Guinea

Pope Leo XIV has denounced the “colonization” of minerals and the “lust for power” in Equatorial Guinea at the end of his four-nation African trip

US transportation secretary calls United CEO proposal to buy American 'interesting'

U.S.

US stocks end lower, oil gains as Iran rejects peace talks

Wall Street stocks followed their global counterparts to a lower close on Tuesday and crude prices extended their gains amid concerns over the latest

Peru election chief resigns as vote count drags on

The head of Peru's electoral authority, Piero Corvetto, resigned on Tuesday as pressure grows over the long-delayed results from the country's April 12 general election.

Ukraine to restart oil flows via Druzhba on Wednesday afternoon, source says

Ukraine will resume pumping oil through the Druzhba pipeline on Wednesday afternoon, an industry source told Reuters, as Kyiv seeks to unlock a 90 billion euro EU loan it

US judge blocks Trump administration actions stymieing wind, solar projects

A federal judge on Tuesday blocked President Donald Trump's administration from enforcing a series of permitting policies that wind and solar energy

Brent futures retreat on Iran ceasefire extension after brief climb above $100 

Oil prices pared gains on Tuesday after briefly climbing above $100 a barrel following an announcement from U.S.

Bay Area marijuana growing business still awaiting policy changes to ease industry woes

Bay Area marijuana growing business still awaiting policy changes to ease industry woes

Iran rejects talks with U.S. under pressure and aimed at surrender, senior Iranian official says

Iran could attend talks with the United States in Pakistan if Washington abandons its policy of pressure and threats, a senior Iranian official told Reuters on Tuesday,

Warsh says he got no pressure from Trump to cut rates even as president publicly pushes for them

President Donald Trump’s nominee to chair the Federal Reserve says that he never promised the White House he would cut interest rates, even as the president renewed his calls for the central bank to do so

Apple's new CEO John Ternus steps into the spotlight after flying under the radar for years

Apple has announced that John Ternus will become the next CEO, taking over from Tim Cook on September 1

Fish struggle in Jordan River as low runoff leaves water dangerously shallow

Fish struggle in Jordan River as low runoff leaves water dangerously shallow

Burlington residents face flooding as Fox River overflows into homes, parks

Burlington residents face flooding as Fox River overflows into homes, parks

Ukraine completes Druzhba pipeline repairs, hoping to unlock blocked EU loan

Ukraine has completed repairs on a damaged oil pipeline and is preparing to resume flows

Dr. Oz announces a 50-state audit of Medicaid program oversight

The Trump administration is requiring all 50 states to explain their plans to revalidate some Medicaid providers

Fed nominee Warsh spars with Democratic senators over asset divestment plan

By Michael S.

Meta to start capturing employee mouse movements, keystrokes for AI training data

Meta is installing new tracking software on U.S.-based employees’ computers to capture mouse movements, clicks and keystrokes for use in

Microsoft must face $2.8 billion UK lawsuit over cloud computing licences

Microsoft must face a mass lawsuit alleging it overcharged thousands of British businesses to use Windows Server software on cloud computing services provided by Amazon,

First commercial fusion plant nears construction in US, Commonwealth CEO says

Construction of what could be the world's first commercial plant to generate power with fusion, the process that powers the stars, is set to start in

US warns it will run out of money to pay airport security workers in coming weeks

U.S. airports could face a new wave of long security lines as early as May after the nation's homeland security chief said on Tuesday that he will

QUOTE BOX--Investor reactions to Senate hearing for Fed chair candidate Kevin Warsh

Markets were lower on Tuesday as President Donald Trump's candidate for the next chair of the Federal Reserve, Kevin Warsh, appeared before the U.S.

Sullivan & Cromwell law firm apologizes for AI 'hallucinations' in court filing

Sullivan & Cromwell, a premier Wall Street law firm, apologized to a federal judge for submitting a court filing with inaccurate citations and

Lebanese state not seeking confrontation with Hezbollah but won't be intimidated, PM says

Lebanon's Prime Minister Nawaf Salam said on Tuesday his government was not seeking confrontation with Iran-backed Hezbollah, but it would not allow itself to be

Mining investors jittery about politics in Peru as vote count drags on, analysts say

Investors in Peru's copper and gold mines are worried about the country's presidential vote count that has been slowed by allegations of irregularities, yet

Alaska Air says fares hold as fuel surge tests earnings

Alaska Air Group said on Tuesday strong travel demand and higher fares are helping offset a sharp rise in fuel costs, even as

ASM International forecasts second-quarter revenue that beats estimates

Computer chip equipment maker ASM International on Tuesday forecast stronger second-quarter revenue guidance than markets expected, after a

US Senate Republicans to move forward with budget plan for Trump immigration enforcement

U.S.

3 takeaways from a fiery hearing to confirm Trump’s Fed chief pick

3 takeaways from a fiery hearing to confirm Trump’s Fed chief pick

Mideast crises divide Europe as it grapples with rising fuel costs and policy toward Israel

Europe's top diplomats are meeting in Luxembourg to address multiple crises, including the ongoing war in Ukraine and economic instability due to the conflict in Iran

US military pushes for boost in 2027 spending on drones and air defenses used in Iran war

U.S. military officials are calling for spending tens of billions of dollars in the next budget year on drones, air defense systems and fighter jets that have been a key part of fighting the Iran war

Trump opposes United–American merger, signals support for Spirit

U.S.

Starbucks to invest $100 million to set up Southeast corporate office in Nashville

Starbucks said on Tuesday it would invest $100 million to establish a corporate office in Nashville, Tennessee, to support its expansion plans across the southeastern United

Despite stresses, private credit funds lure money

Big fund managers and investors are pouring money into private credit fund managers and business development companies (BDCs) even as

Intel results to show if supply chain issues are dimming its AI ambitions

Intel investors on Thursday will focus on its efforts to sort out supply chain issues that have limited the company's ability to ramp up chip production to meet

Anthropic plans to provide Mythos access to European banks soon, sources say

Anthropic plans to provide access to its Mythos AI model to European banks soon, three people familiar with the

US commander warns Taiwan not to 'starve the chicken' on defense

The head of the U.S. command for the Indo-Pacific region on Tuesday stressed the importance of Taiwan passing its stalled

Germany's ruling coalition at odds over reform push

German Chancellor Friedrich Merz's coalition has been shaken by internal squabbling as it grapples with a long-promised package of reforms to the tax,

Oilfield service firm Halliburton is discussing commercial terms with customers for Venezuela operations

Oilfield service firm Halliburton on Tuesday said it has been discussing commercial terms with customers for operations in Venezuela after making

Belgium's Kpler launches minority stake sale valuing firm at up to $5 billion, sources say

Commodities data and analytics firm Kpler has launched a sale process for a large minority stake that could value the company at nearly $

Warsh says he made no rate-cut promises to Trump, plans 'robust' Fed reforms

Federal Reserve chief nominee Kevin Warsh said on Tuesday he had made no promises to President Donald Trump about cutting interest rates, as he

Italy to confirm 2026 deficit around 2.8% of GDP despite weaker growth

Italy aims to bring its budget deficit below the European Union's 3% of GDP ceiling this year despite a weakening growth outlook due surging energy costs

US announces ceasefire extension with Iran

U.S.

Apple names John Ternus new CEO

Outgoing CEO Tim Cook is moving to become executive chair. Brian Stelter reports on the shake-up at one of the world's biggest companies.

Senate GOP unveils $70B immigration plan to circumvent Democrats in bid to end DHS shutdown

Senate GOP unveils $70B immigration plan to circumvent Democrats in bid to end DHS shutdown

US at risk of running out of missiles if another war breaks out after depleting stockpile in Iran operations

US at risk of running out of missiles if another war breaks out after depleting stockpile in Iran operations

Farmer delays own recovery to help neighbors rebuild

Farmer delays own recovery to help neighbors rebuild

AI startup Anthropic commits $100 billion to Amazon's AWS over next 10 years

Artificial intelligence company Anthropic has signed a new agreement to commit more than $100 billion over the next 10 years to Amazon’s AWS cloud platform to train and run its Claude chatbot

Community members rally against proposed budget cuts to arts and libraries

Community members rally against proposed budget cuts to arts and libraries

Trump says he does not want to extend ceasefire with Iran

President Donald Trump told CNBC in an interview on Tuesday that he did not want to extend a ceasefire with Iran, adding the U.S. was in a strong negotiating position

Northern Trust tops profit estimates as robust markets bump fee income; shares rise

Asset and wealth manager Northern Trust beat Wall Street estimates for first-quarter profit on Tuesday, as strong markets boosted assets under custody and fee

US business inventories slightly above expectations in February

U.S. business inventories increased slightly more than expected in February amid a sharp rebound in stocks at wholesalers, suggesting that inventory investment could

Avis Budget shares touch record high as short squeeze hammers bearish bets

Shares of car-rental company Avis Budget extended April's dizzying rally to hit a record high on Tuesday, as analysts pointed to a short squeeze that has dealt

Trump consumer finance watchdog ends key civil rights-era anti-discrimination protection

The U.S. federal consumer finance watchdog agency on Tuesday formally ended certain civil-rights-era antidiscrimination requirements for the

Trump says currency swap with UAE is under consideration

President Trump said on Tuesday that the United States was considering helping the United Arab Emirates financially and a currency swap with the Middle East nation was

Record surge in gasoline receipts boosts US retail sales, but weakness is looming

U.S. retail sales increased more than expected in March as the war with Iran boosted gasoline prices and led to a record surge in receipts at service

US pending home sales beat expectations in March

Contracts to purchase previously owned U.S. homes increased more than expected in March, but higher mortgage rates and tight inventory remained constraints for the

Carney announces new Canada trade committee as review of trade deal with US nears 

Canada's Prime Minister Mark Carney on Tuesday announced a new, expanded advisory committee on Canada-United States economic relations, retaining only four people from the

U.S. to ask states to revalidate "high-risk" Medicaid providers

Mehmet Oz, who heads the agency that runs the U.S.

BRB signs agreement with Quadra Capital to sell assets linked to Banco Master worth $2.9 billion 

Banco de Brasilia (BRB) has signed a memorandum of understanding with Quadra Capital to create an investment fund aimed at transferring assets linked to transactions BRB received

US dollar climbs as uncertainty grows over Iran ceasefire

The U.S. dollar reached a one-week high on Tuesday as concerns grew that a ceasefire in the U.S.-Israeli war with Iran will take longer to reach and

South Africa's central bank sees upside inflation risks, says markets pricing for hikes

South Africa's central bank said on Tuesday that the Iran war presented material upside risks to the country's inflation trajectory, with markets pricing in two interest

Tesla California registrations slide as incentives fade, industry body says

Tesla vehicle registrations in California dropped 24.3% in the first quarter, marking the steepest decline in the state, according to a report released on Tuesday by the

MUFG Bank seeks financing partners to share buyout risk, CEO says

Japan's largest lender, MUFG Bank, is seeking partners such as life and non-life insurers to share risk as it increases financing beyond

Tesla registers its AI-driven voice assistant in Shanghai

Tesla has registered its voice assistant feature, which is powered by a generative artificial intelligence (AI) model, with China's cyberspace administrator in Shanghai,

Trump's $1.5 trillion defense budget includes $750 billion for ships, jets and Golden Dome

The Pentagon on Tuesday unveiled more details of President Donald Trump's $1.5 trillion defense budget request for fiscal year 2027, by far the largest

Apple's Ternus era hints at renewed hardware focus, AI growth push

Apple's appointment of longtime hardware chief John Ternus as CEO signals a renewed emphasis on its core strength in devices and focus

Lawmakers question if JetBlue is using personal data to set ticket prices

Two Democratic lawmakers on Tuesday asked JetBlue Airways to answer questions about whether it was using customer personal data to set ticket

Goldman Sachs maintains 2026 copper price, surplus forecasts

Goldman Sachs on Tuesday maintained its forecast for the copper price to average $12,650 per metric ton this year and its estimate of a 490,000-ton 2026 surplus for the metal.

Northeast flower and fruit farmers grapple with whiplash weather

The abrupt swing from hot weather to cold across the Northeast didn't just have people scrambling for discarded jackets, it also is affecting some farmers

Fact check: Trump makes false claims about inflation and birthright citizenship

Fact check: Trump makes false claims about inflation and birthright citizenship

Like ‘driving to San Francisco and back, every week’: In rural America, cancer patients face tall hurdles to get care

Like ‘driving to San Francisco and back, every week’: In rural America, cancer patients face tall hurdles to get care

Japan, Mexico agree on energy cooperation as Iran war disrupts supplies

Japan's Prime Minister Sanae Takaichi and Mexico's President Claudia Sheinbaum spoke by phone on Tuesday and agreed to enhance their cooperation on energy, Japan's foreign

Retail sales up 1.7% in March from February driven by a spike in gas prices due to the Iran war

Shoppers accelerated their spending in March from February, but they spent a good chunk of their money at the gas pump

Alternative asset managers brace for investor test over AI, redemptions

Wall Street's largest alternative asset managers face a critical test in the coming weeks as they try to convince investors

D.R. Horton beats annual revenue forecast estimates despite tepid home sales

D.R. Horton's narrowed forecast for annual revenue still came in above analysts' estimates, despite high interest rates and inflation weighing on the homebuilder's margins.

Chery plans smaller cars for Europe but timing still unclear, executive says

China's Chery Automobile is working to expand beyond its SUV-focused range to smaller cars to support its growth in Europe, but platform development has just started and

Nigeria's Dangote taps Honeywell to expand plastics and detergent petrochems

Nigeria’s Dangote oil refinery has reached a deal with Honeywell to use the U.S. industrial group's technology to build up production of petrochemicals for

Trump says he would be disappointed if Warsh didn't cut rates quickly

U.S.

Northrop Grumman posts higher revenue amid rising global conflicts

Defense supplier Northrop Grumman posted higher first-quarter revenue on Tuesday, helped by strong demand for its aeronautics systems, including

Instant View: UnitedHealth's strong first quarter and forecast cheers up Wall Street

UnitedHealth opened the first quarter's earnings season for insurers with a strong performance, raising its annual profit forecast and surpassing Wall Street expectations for

RTX lifts profit, revenue forecasts amid strong demand for weapons

Defense contractor RTX on Tuesday lifted its 2026 profit and revenue forecasts, betting on sustained aftermarket sales and growing demand for its

Germany risks missing out on new drugs, AstraZeneca CEO tells paper

AstraZeneca's CEO told daily Handelsblatt on Tuesday that Germany risks missing out on new drugs that the Anglo-Swedish drugmaker plans to launch if the nation sticks

Ireland cuts domestic growth forecast to 1.5%-2.1% on Middle East war

Growth in Ireland's domestic economy may slow to between 1.5% and 2.1% this year from an earlier forecast of 2.3% due to the inflationary impact of the

EU imposes sanctions on two Russian entities it says are linked to disinformation

The European Council has imposed sanctions on two Russian entities that it said on Tuesday were linked to propaganda and disinformation from Moscow.

EU weighs more US jet fuel, cleaner aviation amid Iran war strains

The European Union will provide guidance to airlines on how to handle issues such as airport slots, passenger rights and public service obligations in the

Wall Street opens higher as AI optimism, earnings counter Middle East concerns

Wall Street's main indexes opened higher on Tuesday as renewed artificial intelligence optimism and strong corporate earnings bolstered markets battered by constant back-and-forth

Halliburton flags higher costs from Iran war as first-quarter profit tops estimates

U.S. oilfield services provider Halliburton warned disruptions caused by the Iran war and the closure of the Strait of Hormuz could cut current-quarter

War in Iran is causing biggest energy crisis in history, IEA says

The conflict between Iran and the United States and Israel is creating the worst energy crisis ever faced by the world, the head of the International Energy Agency (IEA)

US diners to pay more for Mother's Day lunches, Wells Fargo says

Americans taking Mom out to eat this Mother's Day should expect to pay more - but many will still go, according to a report from the Wells Fargo Agri-Food

Musk and insiders to retain voting control of SpaceX after IPO, filing shows

SpaceX plans to cement founder Elon Musk's control after its IPO, granting him and a small group of insiders super-voting shares that will outweigh other

Romanian PM says he'll lead minority government after leftist Social Democrats walk out

Romanian Prime Minister Ilie Bolojan said on Tuesday he will lead a minority government to ensure that reforms needed to tap European Union funds are met, in comments a

OpenAI leans on global consultancies to expand Codex use in large companies

OpenAI said on Tuesday it is expanding partnerships with major global consulting firms to speed up enterprise adoption of its Codex artificial intelligence tools, as competition

Retail sales post biggest jump in more than 3 years on record spike in gas prices

Retail sales post biggest jump in more than 3 years on record spike in gas prices

An unintended consequence of US immigration policy: Some fans are skipping the World Cup in the US

An unintended consequence of US immigration policy: Some fans are skipping the World Cup in the US

Data centers don’t have to be a burden on local communities – and can even support them by generating power and repurposing waste heat

Two engineers explain how data center design, construction and operation can help the facilities support their communities.

As the planet warms, scientists burn homes to figure out how to best protect them in wildfires

Scientists are using controlled fires to study how to protect homes from wildfires

Signs of economic instability emerge in Oakland County, one of Michigan’s wealthiest

A sociologist’s analysis of a Michigan county reveals pockets of economic instability as rising housing costs continue to pressure residents.

France's Engie discussing refund for US offshore wind projects with Trump administration

French utility Engie is in talks with the Trump administration about a possible refund for its U.S. offshore wind project leases amid the president's

Russia cuts oil output in April, sources say

Russia was forced to reduce oil output in April due to Ukrainian drone attacks on ports and refineries, as well as a halt to crude supplies via the only remaining Russian oil

Tech overwhelms Iran tension

What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Tech stocks are refusing to go to ground this week, despite ongoing

EU expects first loan tranche to Ukraine end-May/early June - Dombrovskis

Ukraine's funding needs for 2026 are covered, a senior EU official said, with the EU likely to make the first disbursement from its 90 billion euro loan at the end of

Russia to halt Kazakhstan's oil flows to Germany via Druzhba, sources say

Russia is set to stop oil exports from Kazakhstan to Germany via the Druzhba pipeline starting from May 1, three industry sources said on Tuesday.

Prolonged energy disruption to widen India trade deficit, strain fiscal account, Moody's says

A prolonged disruption in energy supply can widen India's trade deficit and strain the fiscal account of the world's fastest-growing major economy, according to rating agency

Equifax profit jumps on US mortgage strength, maintains revenue outlook

Credit bureau Equifax reported a jump in first-quarter profit on Tuesday, as higher loan demand lifted its U.S. mortgage business, and maintained its full-year revenue outlook,

China targets 100 trillion yuan services sector by 2030 in upgrade push

China has unveiled plans to expand its services sector to 100 trillion yuan ($14.67 trillion) by 2030 and upgrade service quality, as it seeks to boost the sector’s role

UnitedHealth posts quarterly profit above Wall Street estimates, on track for turnaround

UnitedHealth raised its annual profit forecast and beat expectations for first-quarter results on Tuesday, and its shares jumped more than 10% as the

MSCI quarterly profit rises on index segment strength

MSCI reported a rise in its first-quarter profit on Tuesday, helped by a strong performance in its index products and analytics services.

Sweden's Einride to deploy 75 electric trucks for Amazon's US freight network

Swedish trucking company Einride said on Tuesday it has partnered with Amazon.com to deploy 75 manually operated electric heavy-duty trucks and supporting charging infrastructure

BoE to hold interest rates through 2026 despite inflation threat: Reuters poll

The Bank of England will hold interest rates steady next week and likely through the rest of the year, according to a Reuters poll of economists, who broadly

Australia's Syenta raises $26 million to ease AI chip bottleneck, former Intel CEO joins board

Syenta, an Australian semiconductor technology startup, said on Tuesday that it has raised $26 million for a new manufacturing technique that

GE Aerospace holds outlook as fuel surge slows flight growth, tests airlines

GE Aerospace said on Tuesday it was on track to hit the high end of its 2026 profit outlook, but is bracing for a tougher

Japan scraps a ban on lethal weapons exports in a change of its postwar pacifist policy

Japan is scrapping a ban on lethal weapons exports, a major change of its postwar pacifist policy as the country seeks to build up its arms industry and deepen cooperation with defense partners

UK employers turn cautious after start of Iran war

Britain's employers showed signs of caution in March after the start of the Iran war with a measure of hiring falling during the month and the

Highlights of Pope Leo XIV's trip to Africa

Pope Leo XIV’s trip to Africa was so dizzying in its complexity that it recalls some of the early globe-trotting odysseys of St. John Paul II

Spain's trade deficit narrows 24% in Jan-Feb from same period a year ago

Spain's trade deficit narrowed 24% in the first two months of 2026 from the same period a year earlier, to 7.31 billion euros ($8.60 billion), the Economy ministry said on Tuesday

US firm in key Congo minerals deal overstated its mining experience, documents and sources show

A U.S. firm central to the Trump administration's push to secure critical minerals from Congo overstated its mining experience, Reuters has found.

European shares dip as US-Iran tensions weigh on sentiment

European equities fell on Tuesday as uncertainty over U.S.-Iran peace talks kept investors cautious, hours before a ceasefire is

Space investment in first quarter hits record as SpaceX IPO buzz lifts sector

Global investment in space companies surged to a record in the first quarter of 2026, driven by larger late-stage financing and growing investor enthusiasm over

US trade rep tells Mexican companies Trump tariffs here to stay, sources say

U.S.

ECB must keep cool head on rates amid Iran war, de Guindos says

The European Central Bank must be cautious when setting interest rates, given the great uncertainty associated with the war in Iran, ECB Vice-President Luis de Guindos

Many Americans question Trump’s temperament amid Iran war, pope spat: Reuters/Ipsos poll

President Donald Trump's approval rating held at the lowest of his term in recent days as many Americans questioned his temperament amid the Iran war

Hong Kong government seeks to seize $16 million from jailed tycoon Jimmy Lai

The Hong Kong government is attempting to seize more than HK$127 million ($16.22 million) from jailed media tycoon Jimmy Lai after the

Taking Bank of Korea helm, crisis-era veteran pursues ambitious won overhaul

As Shin Hyun Song takes the helm of the Bank of Korea this week, the seasoned economist faces an ambitious task: making the won a global currency without

World's top condom maker Karex to raise prices sharply as Iran war strains supply chain

Malaysia's Karex Bhd, the world's top condom producer, plans to raise prices by 20% to 30% and possibly further if supply chain disruptions drag on

China flexes energy leverage as the Philippines, US start annual war games

China on Tuesday implied energy assistance for the Philippines could be tied to Manila holding military drills with the U.S. and other allies, as its top

As Warsh faces hearing, a framework for smaller Fed balance sheet emerges

By Michael S.

COVID shots, newer vaccines in limbo after US court halts Kennedy’s advisory panel

Americans may face the next respiratory disease season without clear guidance for COVID shots and updated flu vaccines after a federal court ruling

US waiver set to keep Russian oil exports to India near record high

Russian oil sales to India are set to remain near record highs in April and May following a new U.S. sanctions waiver, and refiners have already secured much of

New US coalition lobby group aims to get domestic shipbuilding bill through Congress

U.S. unions and shipbuilding industry employers on Tuesday launched a coalition to rally Congress to advance legislation they say would help President Donald

German investor morale sinks to three-year low on Iran war fears, ZEW finds

German investor morale has sunk to its lowest level in more than three years in April as businesses start to feel the economic consequences of the Iran

J.P. Morgan lifts S&P 500 year-end target to 7,600 on AI-driven earnings

J.P.

Musk bought $1.4 billion SpaceX shares last year, The Information reports

Elon Musk increased his stake in SpaceX last year by purchasing $1.4 billion worth of stock from current and former employees, The Information reported on Tuesday. 

Volkswagen to cut capacity further by one million cars, CEO tells Manager Magazin

Volkswagen plans to cut its production capacity by another one million cars, CEO Oliver Blume said in an interview with business news outlet Manager Magazin published on Tuesday.

Markets long for peace, prepare for Warsh

A look at the day ahead in European and global markets from Gregor Stuart Hunter: The clock is ticking for Iran's ceasefire with the U.S. to expire, though markets are looking through the risks for

OPmobility reports small revenue drop as auto industry weakens

Car parts supplier OPmobility reported a 0.4% fall in first-quarter revenue, excluding currency effects, on Tuesday, as weakness in the automotive industry

SpaceX president Shotwell earned $85 million last year, document shows

SpaceX President Gwynne Shotwell earned $85.8 million in total compensation last year, a company prospectus showed, placing her among the highest‑paid U.S.

Estee Lauder taps JP Morgan to finance Puig takeover bid, Spanish daily Expansion says

U.S. cosmetics giant Estee Lauder has commissioned J.P.

Japan opens door to global arms market with overhaul of defence export rules

Japan on Tuesday unveiled its biggest overhaul of defence export rules in decades, scrapping restrictions on overseas arms sales and opening the way for

Biofuels back in vogue as Iran war triggers oil price surge

Soaring oil prices in the wake of the U.S.-Israeli war on Iran are driving renewed demand for biofuels as the need to tackle a fossil fuel

Trump’s ‘Board of Peace’ holds talks with DP World on rebuilding Gaza, FT says

Representatives of U.S.

BOJ warns prolonged Mideast tensions could raise costs, corporate defaults

Japan needs to be vigilant against risks to its financial system stemming from developments in the Middle East, the central bank said on Tuesday, warning

Scam messages offering ships safe transit through Hormuz, security firm warns

Fraudulent messages promising safe passage through the Strait of Hormuz in exchange for cryptocurrency have been sent to some shipping companies whose vessels are stranded

Iran war fuel hike adds $100 to long-haul flight cost, study says

Disruption to global oil supplies from the Iran war has added more than $100 to the price of long-haul flights from Europe, a

UK labour market cools by less than expected in three months to February

Britain's labour market cooled only slightly in three months to February with earnings growth easing by less than forecast and the jobless rate falling unexpectedly although that

Germany's big carmakers used to lead the race in China, but now they're 'for the parents'

More than 40 years after Volkswagen stole the show at its first Chinese auto fair, it has lost its cutting-edge status in the country, with homegrown brands setting the

With tariffs stalled, Trump's China policy drifts

When President Donald Trump returned to office in 2025, he vowed to use tariffs to reset relations with China, which he said was "killing" the

SpaceX to woo Wall Street with three-day analyst meet this week, sources say

SpaceX is moving ahead with plans for one of the most anticipated IPOs in history as it hosts analysts this week for three days of closed-door meetings at

Pakistan confident Iran will attend US talks, senior Pakistani government source says

Pakistan is confident it can get Iran to attend talks with the United States, a senior Pakistani government official told Reuters on Monday.

Apple's new CEO is a product perfectionist taking on the AI age

To understand how Apple's new CEO John Ternus will run the company, pay attention to what he refuses to sell.

JPMorgan's national security initiative to expand in Europe

JPMorgan Chase said on Tuesday its $1.5 trillion initiative to finance and invest in industries critical to U.S. national security will expand across Europe.

Gulf worries US-Iran talks may cement Tehran's 'golden' grip on Hormuz

By Samia Nakhoul DUBAI, April 20 (Reuters)- - A warning by former Russian president Dmitry Medvedev has crystallised fears among Gulf states that reopening the Strait of Hormuz may be the most Iran-

Most currencies steady as markets focus on US-Iran talks, NZ dollar gains

Most currencies were largely steady on Tuesday, with investors waiting to see whether there will

Jeff Bezos' AI lab nears $38 billion valuation in funding deal, FT reports

Jeff Bezos' artificial intelligence lab is close to raising $10 billion in a new funding round, valuing the new startup called Project Prometheus at $38 billion, the Financial

EPA, DOJ file complaint over Potomac River after sewage leak

The Trump administration on Monday filed a complaint against the District of Columbia Water and Sewer Authority (D.C.

China's youth jobless rate rises to 16.9% in March

The jobless rate in China for those under 30 years of age in urban areas, excluding college students, rose in March, data from the National Bureau of Statistics showed.

South Korea police seek detention warrant for BTS agency founder Bang

South Korean police have requested a detention warrant for Bang Si-hyuk, the chairman of Kpop agency HYBE, over alleged illegal trading

Once shunned, activist investors dig in to win in Japan

Activist investors are planning to invest in Japan over the long-term, emboldened by their recent successes in a market where they once got a

South Korea economy likely returned to growth in Q1 - Reuters poll

South Korea's economy likely returned to growth last quarter due to strong semiconductor exports and steady domestic demand, a Reuters poll of

New Zealand PM Luxon survives vote of confidence

New Zealand Prime Minister Christopher Luxon on Tuesday said he received the support of National Party lawmakers after calling a

Bank of Korea's new chief vows cautious, flexible policy amid Iran risks

South Korea's newly appointed central bank governor, Shin Hyun-song, said on Tuesday the country's monetary policy needed to be cautious and flexible amid heightened

Labor Secretary Lori Chavez-DeRemer is leaving Trump's Cabinet after abuse of power allegations

Labor Secretary Lori Chavez-DeRemer is out of President Donald Trump’s Cabinet after multiple allegations of abusing her position, including an affair with a subordinate and drinking on the job

China’s energy fortress was built to withstand just this type of oil shock

China’s energy fortress was built to withstand just this type of oil shock

Australia's Lynas logs sharp growth in third-quarter revenue, flags strong demand

Australia's Lynas Rare Earths reported a more than twofold jump in third-quarter revenue on Tuesday, helped by stronger prices, while flagging strong market demand as customers

Snap names Doug Hott as new CFO

Snapchat-parent Snap on Monday named Doug Hott as its new CFO, replacing Derek Andersen. 

Apple turns to hardware veteran Ternus as CEO to succeed Cook in AI age

Apple on Monday named longtime hardware boss John Ternus as its next CEO, turning to another insider to steer the iPhone maker after Tim Cook as

Lori Chavez-DeRemer out as Labor secretary

Lori Chavez-DeRemer out as Labor secretary

A deal to end the Iran war seemed close. Then Trump started posting on social media

A deal to end the Iran war seemed close. Then Trump started posting on social media

Chavez-DeRemer steps down as US labor secretary amid misconduct probe

U.S.

German tax revenue rose 3.6% in March, finance ministry says

Germany's federal and state government tax revenue rose by 3.6% in March compared with the same month a year ago, the finance ministry said in its

Apple CEO Cook is lauded by investors as he prepares for new role

Apple shares declined less than 1% in late trading on Monday after the communications hardware firm said its chief executive, Tim Cook, would step down after nearly 15

Chile, US to sign mining and security agreements

(Corrects headline and lede to reflect $1 million allocated only for security deal, corrects that agreement will add to existing policies, not review them, corrects attribution in lede) SANTIAGO,

GM lured new product chief with pay package totaling $40 million

General Motors recruited new product chief Sterling Anderson last year with a pay package totaling as much as $40 million, a regulatory filing on Monday showed.

Texas environmental network plans to protest SpaceX analyst meetings

Environmental activists plan to protest outside SpaceX's Starbase launch facilities on Tuesday ahead of the highly anticipated IPO of Elon Musk's

Fate of Iran peace talks uncertain as deadline approaches for end of ceasefire

Iran is considering attending peace talks with the United States in Pakistan, a senior Iranian official told

Tim Cook will step down as Apple CEO and hand reins over to the iPhone maker's hardware leader

Apple CEO Tim Cook is stepping down from the job that he inherited from the late Steve Jobs, ending a 15-year reign that saw the company’s market value soar by more than $3.6 trillion during an iPhone-fueled era of prosperity

Who is John Ternus, the incoming CEO of Apple?

Who is John Ternus, the incoming CEO of Apple?

The Latest: Pakistan prepares for upcoming peace talks despite US seizure of Iranian cargo ship

President Donald Trump is defending his Iran war strategy, attacking critics and skeptics on Monday as “TRAITORS, ALL” after a second round of talks with Iran were thrown into doubt by the U.S. Navy’s seizure of an Iranian-flagged cargo ship near the Strait of Hormuz

Trump cites defense production act to sign energy-related memorandums

President Donald Trump invoked the Defense Production Act on Monday to sign a series of energy-related presidential memorandums, the White House announced, as his

Mexico expects formal USMCA talks to start week of May 25

Mexico's economy minister Marcelo Ebrard said on Monday that formal negotiations to review the U.S.-Mexico-Canada trade pact, known as the USMCA, are due to begin the

JetBlue CEO rules out bankruptcy this year despite surging fuel costs amid Iran war

JetBlue Airways CEO Joanna Geraghty told employees the carrier was not considering bankruptcy for this year, according to a memo seen by Reuters on Monday, even

US low-cost airlines seek temporary tax relief to address soaring fuel costs

The CEOs of major low-cost airlines are set to meet on Tuesday with U.S.

Senate Democrats press Fed chair pick Warsh on plan to divest holdings

By Michael S.

Morningstar considers revamping index construction ahead of SpaceX IPO

Investment research and analysis provider Morningstar Inc. is the latest index provider to consider revising its approach to designing

Trading Day: Cooling off, but still optimistic

Oil rose on Monday and the main U.S. equity indices fell as U.S.-Iran tensions re-escalated and the Strait of Hormuz was closed, although the

Alaska Air pulls forecast as Iran-linked fuel surge hits margins

Alaska Air Group withdrew its full-year profit forecast on Monday after a sharp rise in jet fuel costs tied to the Iran war pressured margins and darkened the

High-level US delegation visits Cuba as Trump ups pressure

High-level US delegation visits Cuba as Trump ups pressure

Oil prices rise and US stocks give back a bit of their record-breaking rally

Oil prices climbed following the latest rise of U.S.-Iran tensions, but the moves were more modest than they were earlier in the war

Spain starts program to legalize up to half-million migrants

Spain starts program to legalize up to half-million migrants

California says Amazon pressured retailers to boost prices on their websites to not undercut it

California's attorney general alleges that Amazon uses its market power to pressure vendors like Levi Strauss and retailers like Walmart to raise prices on their websites

Caesars extends discussion period on potential $18 billion Fertitta takeover, Bloomberg News reports

Casino operator Caesars Entertainment has extended the period of exclusive talks for an $18 billion takeover by billionaire Tilman Fertitta, Bloomberg News reported on Monday,

Tanker arrives at Golden Pass Texas facility for inaugural LNG export

An LNG tanker has arrived at the Golden Pass facility in Texas to collect the plant's inaugural export of the superchilled gas, the company confirmed

Wells Fargo CEO says reducing interest rates before seeing end to Iran conflict would be a mistake

Wells Fargo CEO Charlie Scharf said on Monday that lowering interest rates now, before there is clarity about a potential end to the Iran conflict, would be "the wrong

Metal plant employees sue owners over sudden closure, layoffs

Metal plant employees sue owners over sudden closure, layoffs

Trump: New deal with Iran will be better than old one

President Donald Trump said on Monday he believed a nuclear deal the U.S. is currently negotiating with Iran will be better than a 2015 international agreement to curb

Wall Street closes slightly down on renewed tensions between US, Iran

U.S. stocks closed slightly lower on Monday, with each of the three major indexes coming off a third straight week of gains, as

Pfizer's Strategy and Innovation Officer Andrew Baum to leave drugmaker, analyst note says

Pfizer's Chief Strategy and Innovation Officer, Andrew Baum, is transitioning to a new role and will eventually leave the company as part of the U.S. drugmaker's strategic

Pilot challenges Palm Beach airport renaming to Donald Trump International

Pilot challenges Palm Beach airport renaming to Donald Trump International

Amazon's collusion drove up consumer prices, California says, citing new evidence

Amazon.com worked behind the scenes with merchants such as Levi Strauss to prod online rivals such as Home Depot, Walmart and Chewy to raise prices for

ECB needs more data before firm policy conclusions, Lagarde says

The economic implications of the war in Iran have yet to reach levels corresponding to the European Central Bank's adverse scenario, and the bank needs more information

Oil prices rise 6% on fears of US-Iran ceasefire collapse

Oil prices jumped around 6% in Monday trading on uncertainty over peace talks between the U.S. and Iran after violence flared around the Strait of Hormuz.

Mother and 6 children killed in explosion and fire at central Pennsylvania home

Authorities say an Amish woman and her six children ranging in age from 3 to 11 were killed in an explosion and fast-moving fire at a rural Pennsylvania home

Starmer admits mistake in appointing Mandelson as UK ambassador but resists calls to resign

British Prime Minister Keir Starmer acknowledges he made a mistake appointing Peter Mandelson as U.K. ambassador to Washington

Hungary's Magyar announces ministers after landslide election win

Hungarian election winner Péter Magyar is announcing the first round of his incoming cabinet members following his party's landslide victory over Prime Minister Viktor Orbán

Pilot in deadly plane crash in Pasco County identified: PSO

Pilot in deadly plane crash in Pasco County identified: PSO

Tariff refund system launches as thousands of companies file claims

By Timothy Aeppel, Nicholas P.

USA Rare Earth buys Brazil's Serra Verde for $2.8 billion, extending takeover spree

USA Rare Earth said on Monday it will buy Brazilian rare earths miner Serra Verde in a cash-and-stock deal worth $2.8 billion, the latest in a

Seized Iranian ship likely carrying equipment deemed dual-use by US, sources say

The Iranian-flagged container ship Touska, which was boarded and seized by U.S. forces on Sunday, is likely to have what Washington deems dual-use items

Fed chief nominee Warsh pledges new divestment in updated financial filing

By Michael S.

Robust US commercial loan growth eases worries of economic slowdown

U.S. banks last week reported a sharp ramp-up in corporate borrowing, offering an early indication of resilience in parts of the economy even as inflationary

Bank of Canada survey: firms' outlooks were improving before Iran war

Canadian business sentiment had started to rise before the Iran war, a Bank of Canada survey showed on Monday, but a smaller sample

Wall Street regulators jointly propose to trim Biden-era private fund reporting rules

The U.S.

Trump says energy chief 'wrong,' expects lower gas prices as soon as Iran war ends

U.S.

Hyundai faces challenge replacing lost Middle East sales, CEO says

Hyundai will not manage to fully make up for lost sales in the Middle East due to the crisis in the region, as manufacturing constraints will not allow the automaker to

US Justice Department criminally investigating beef companies, WSJ reports 

The U.S.

GLP-1 boom nudges cannabis dispensaries to rethink offerings

The surging popularity of GLP-1 weight-loss drugs is quietly reshaping the $40 billion U.S. cannabis market, experts and industry executives said

Fed chief nominee Warsh commits to central bank's independence, with limits

Kevin Warsh, U.S.

Hungarian election winner Magyar nominates key ministers

Hungarian election winner Peter Magyar on Monday nominated Andras Karman as finance minister, Anita Orban as foreign minister and Istvan Kapitany as economy and energy

Adobe launches AI suite for corporate clients as competition heats up

Adobe launched a suite of artificial intelligence tools on Monday to help corporate clients automate and personalize digital marketing functions, in a bid to fend off competition

Israeli ministers celebrate reestablishment of settlement in West Bank

A Palestinian village in the Israeli-occupied West Bank received demolition orders for 15 shops on Monday, a day after Israeli ministers

Mexico economy stuck in mild stagflation this year, held back by trade uncertainty: Reuters poll

Mexico's economy will remain stuck in mild stagflation in 2026, a Reuters poll of economists found, held back by uncertainty over its trade deal

Global cooperation on stablecoins critically important, BIS says

The head of the Bank for International Settlements made a fresh call on Monday for international cooperation on stablecoins,

Canada's annual CPI rises to 2.4% as Iran war drives up gasoline costs

Canada's annual inflation rate rose to 2.4% in March, with prices jumping 0.9% on the month, as higher crude oil costs drove up gasoline prices, data

US dollar drops as traders remain optimistic on Iran peace breakthrough

The U.S. dollar fell against the euro on Monday on optimism that a ceasefire deal in the Iran war will be reached despite renewed

Jack Daniel's maker Brown-Forman favors Pernod Ricard bid over Sazerac, source says

The family that controls Jack Daniel's maker Brown-Forman favors a potential sale to French distiller Pernod Ricard over a rival proposal from

Agnico Eagle in multi-deal push to consolidate Finland gold assets

Agnico Eagle Mines said on Monday it will acquire Rupert Resources and Aurion Resources, and buy a majority stake in a joint venture from B2Gold, as it moves to consolidate a key

EU to widen Iran sanctions to those who block Hormuz

The European Union will expand the criteria of its Iran sanctions to include those responsible for blocking the Strait of Hormuz,

Eli Lilly to buy Boston's Kelonia for up to $7 billion in cancer push

U.S. drugmaker Eli Lilly will buy privately held biotech firm Kelonia Therapeutics for up to $7 billion, gaining access to experimental cancer treatments as it

US Supreme Court rebuffs challenge to class-action status of bank collusion suit

The U.S.

Mexico eyes early trade deal on steel, aluminum, autos ahead of USMCA

Mexico's President Claudia Sheinbaum said on Monday that Mexico is interested in reaching an agreement, prior to completing the review of the U.S.-Mexico-Canada trade

Oil surges, stocks end lower on worries about tenuous US-Iran ceasefire

Wall Street pulled back from record highs on Monday and oil prices spiked as increasing tensions over the crucial Strait of Hormuz raised concerns that

Navy veteran owed thousands of dollars from military

Navy veteran owed thousands of dollars from military

What do we know about Anthropic's Mythos amid rising concerns?

Anthropic earlier this month debuted Mythos, its most advanced AI model to date, equipped with sophisticated capabilities and designed for defensive cybersecurity tasks.

US to host further G20 talks on war's impact on food and fertilizer

The U.S. will host further talks in coming weeks for the Group of 20 major economies on the impact of the war in the Middle East on food and

Bond investors propose crisis 'pause clauses' for emerging countries

Major bond investors including Amundi and T.

German union renews calls for Commerzbank independence after UniCredit's latest push

The German labour union Verdi said on Monday that it was sticking to its call for Commerzbank's independence as Italy's UniCredit continues its push to buy the German

Honeywell to sell productivity solutions unit to Brady for $1.4 billion

Honeywell has agreed to sell its productivity solutions and services unit to industrial equipment maker Brady in an all-cash deal worth $1.4 billion, the

Venezuela’s melting 'permafrost' draws debt investors' optimism

Venezuela, a country subject to Western sanctions and saddled with billions in debt, was the biggest cause for optimism at last week's otherwise sombre

US homebuilders brace for another challenging year as war, tariffs hurt margins

U.S. homebuilders will likely point to another challenging year as tariffs and the Iran war further squeeze margins

Asia regulators monitor Anthropic's Mythos for potential banking risks

Some Asian financial regulators said on Monday they were taking measures to address the risks posed by Anthropic's

Wall St opens muted as US-Iran tensions escalate

Wall Street's main indexes opened muted on Monday after a record rally last week, as escalating U.S.-Iran tensions threatened the fragile ceasefire and dented investor sentiment.

Blue Owl agrees to buy healthcare REIT Sila Realty Trust for $2.4 billion

Blue Owl Capital's real assets division has agreed to acquire Sila Realty Trust, a healthcare-focused real estate investment trust, in

1914 Ludlow Massacre took lives of 25 miners and family members during bitter strike for fair wages and conditions

The Ludlow strike was one of the most bitter and violent in U.S. labor history.

When oil prices spike, where does the money go?

Who gets all that cash, and what do they do with it?

Fed chair nominee Warsh has big ideas. Here are some, in his own words

Kevin Warsh, picked by President Donald Trump to succeed Federal Reserve Chair Jerome Powell, has big plans for the central bank once he takes the helm. Regime change.

Musk scorned “shady” loopholes, yet offshore tax tricks likely saved Tesla hundreds of millions

When Tesla released its annual report for U.S. regulators in January, the Texas-based automaker, led by the world’s richest man,

Bulgaria's Kremlin-friendly ex-president wins election in landslide

Pro-Russian former President Rumen Radev has won Bulgaria's parliamentary election by a landslide, official results showed on Monday, crushing long-

Marvell shares gain on report of deal talks with Google to develop two AI chips

Marvell Technology's shares jumped nearly 5% on Monday following a report that Alphabet's Google is in talks with the chip designer to develop two new chips aimed at running AI

Psychedelic drug developers rally after Trump orders FDA to expedite reviews

Shares of psychedelic drug developers rose on Monday after U.S.

BOJ is likely to hold off raising rates in April, sources say

The Bank of Japan is likely to hold off raising interest rates next week, five sources familiar with its thinking said, as fading

Turkey says COP31 will push for more global action under its presidency

This year’s U.N. climate summit will seek to turn past decisions into action, with financing the main focus, Turkey’s Environment and Climate

Merz touts Brazil's potential on critical metals, says Germany can supply technology

Germany Chancellor Friedrich Merz said on Monday that Brazil had great potential to expand deliveries of critical metals, adding that Germany can supply the

Tesla's energy storage division to pick up slack as car margins drop and credits fade

Tesla's solar and energy business is likely to outshine the EV maker's challenged core business when it reports quarterly results this week, a sign of resilience

The Kremlin, on the U.S. waiver, says you cannot ignore Russia's oil volumes

The Kremlin, when asked on Monday about a U.S. sanctions waiver on some Russia's oil exports, said that Russia was a responsible and important player on global energy

UK consumer morale slides to lowest since mid-2023, surveys show

British consumer morale last month hit its lowest level since mid-2023, according to two surveys on Monday, reflecting the impact of the conflict in the Middle East.

Hormuz shipping again near standstill after shots and seizure

Ships were largely avoiding the Strait of Hormuz on Monday after an escalation at the weekend in which Iran fired what appeared to

Pakistan places $1.5 billion Sudan weapons sale on hold after Saudi objection, sources say

Pakistan has put a $1.5 billion deal to supply weapons and jets to Sudan on hold after Saudi Arabia asked for the agreement to be terminated and

Fed nominee Warsh prepares for monetary policy road test before Senate panel

After more than a decade criticizing the U.S. central bank, former Federal Reserve Governor Kevin Warsh faces a mark-to-market moment in a Senate

Biggest party in Romanian coalition withdraws support for PM, political crisis looms

Romania's ruling Social Democrats voted to withdraw their support for Liberal Prime Minister Ilie Bolojan on Monday and called on him to resign, likely

Wildfire survivors who lost their homes could face another blow from taxes on settlement payouts

Thousands of survivors of the 2025 Eaton Fire in California are accepting settlements from the utility accused of causing it

Green light, red light

What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Stop-go, stop-go.

India and South Korea plan $50 billion trade push with new deals

India and South Korea said on Monday that they would boost their economic ties by expanding cooperation in energy, critical minerals,

US companies eye Congo mining assets, including Rubaya, State Dept official says

U.S. companies are showing "significant" interest in Democratic Republic of Congo mining assets, including the rebel-held Rubaya area, a

TopBuild shares jump after $17 billion QXO deal

Shares of U.S. building products distributor and installer TopBuild jumped nearly 20% in premarket trading on Monday, a day after the company agreed to be acquired by construction

Here’s what Trump’s Fed pick could have in store for the world’s most powerful central bank

Here’s what Trump’s Fed pick could have in store for the world’s most powerful central bank

Oil prices rise after Iran restricts access to Strait of Hormuz and ceasefire nears expiration

Oil prices rise after Iran restricts access to Strait of Hormuz and ceasefire nears expiration

Morgan Stanley sees agentic AI widening chip spending beyond graphics processors to CPUs

Morgan Stanley said increasingly autonomous artificial intelligence could boost demand for central processing units (CPUs), reshape data center buildout and widen investment

Value of global dealmaking recovers as firms pursue big transactions after Iran war

The value of global dealmaking has rebounded after a sharp slump in the weeks after the start of the war in Iran, as companies and investors shrug off volatility and press

Nigeria tightens broadcast rules to curb divisive content ahead of 2027 elections

Nigeria’s broadcast regulator has barred radio and television presenters from airing personal opinions, intimidating guests or broadcasting divisive

European shares slide on concerns of US-Iran ceasefire collapse

European shares declined on Monday, following a sharp rebound in the previous session, as investors awaited progress on possible

Apple withholds data in India antitrust case, watchdog sets final hearing

Apple has not submitted data sought by India's antitrust body after an investigation found the U.S. firm abused its dominant position in the iPhone apps

The tariff refund process is finally kicking off

The tariff refund process is finally kicking off

German industry faces stagnation in 2026, BDI says

German industry is expected to stagnate at best in 2026, the BDI industry association said on Monday, warning that higher energy costs, supply chain

European defence stocks cool as investors reassess war winners

Investors have cooled on European defence stocks as profit taking and stretched valuations collide with growing uncertainty over the

Battle-scarred developing nations look for path out of permacrisis

Developing country policymakers left this week's IMF-World Bank meetings more frustrated than ever that successive external shocks

Ukrainian drone attack on Russia's Tuapse port kills one

A Ukrainian drone attack on Russia's Black Sea port of Tuapse sparked a fire and killed at least one person, Russian officials said on Monday, only hours after a blaze was

Indonesia, Toyota in talks on potential bioethanol project

Indonesia is in talks with Japan's Toyota Motor Asia on a potential joint investment in bioethanol production in the Southeast Asian country, a government official and

The Latest: Iran threatens to respond after US Navy seizes an Iranian-flagged cargo ship

President Donald Trump says the U.S. seized an Iranian-flagged cargo ship that tried to get around its naval blockade near the Strait of Hormuz

Taiwan business group urges Beijing, Taipei to keep politics out of trade

The head of one of Taiwan's top business groups said on Monday both Beijing and Taipei should leave politics out of resuming normal trade and tourism exchanges, after

Markets light on volume and high on hopes

A look at the day ahead in European and global markets from Tom Westbrook Markets chose to look past weekend headlines and the risk of a re-ignited and wider Mideast conflict, and traded - thinly - on

Huawei signs deal with Vietnamese bank SHB to expand Vietnam footprint

Vietnamese lender SHB and China's Huawei Technologies Group signed a strategic cooperation agreement on Sunday, SHB said, a move that will allow the Chinese technology

Japan households' inflation expectations steady, BOJ April hike bets fade

Most Japanese households expect prices to continue rising in the coming years, a quarterly survey showed on Monday, keeping pressure on the central bank to

Hong Kong fire victims scour scorched homes for keepsakes

Victims of Hong Kong’s deadliest fire in decades began government-supervised visits to their ravaged former homes on Monday for the first

Businesses begin claiming refunds for Trump tariffs struck down by US Supreme Court

A refund system for businesses that paid tariffs which the U.S. Supreme Court eventually struck down has launched

More than 20 vessels pass Strait of Hormuz on Saturday, Kpler data shows

More than 20 vessels passed the Strait of Hormuz on Saturday, data from shipping analytics firm Kpler showed, the highest number of ships crossing the waterway since

Bank Indonesia to hold rates at 4.75% through 2026 as Iran war fuels inflation risks: Reuters poll

Bank Indonesia (BI) is set to keep its key policy rate unchanged on Wednesday, according to all 31 economists polled by Reuters, with many paring bets

Australia's NAB expects impairment charges to double from Iran war

Australia's largest business lender, National Australia Bank, said on Monday it expects credit impairment charges to double to A$706 million (

Carney says Canada's economic ties with US are a weakness that must be corrected

Canadian Prime Minister Mark Carney says Canada’s strong economic ties to the U.S. were once a strength but are now a weakness that must be corrected

China leaves lending benchmarks unchanged for 11th month in April

China on Monday left benchmark loan prime rates (LPRs) unchanged for the 11th consecutive month in April, in line with market expectations.

US Navy seizes an Iranian-flagged ship near Strait of Hormuz and Tehran vows swift response

The U.S. says it has attacked and seized an Iranian-flagged cargo ship near the Strait of Hormuz that tried to get around its blockade of Iranian ports

Asian airlines report Europe demand surge as Gulf hub disruption shifts traffic

Major Asian airlines have reported surging demand on European routes as travellers shun disrupted Middle Eastern hubs, in a shift analysts suggest could

Oil prices rise anew after a US-Iran standoff in the Strait of Hormuz strands tankers

Oil prices are rising in early trading as a standoff between Iran and the U.S. prevented tankers from using the Strait of Hormuz

Bulgaria's pro-Russian former president set for landslide election win, exit polls show

Pro-Russian former President Rumen Radev is set for a runaway victory in Bulgaria's election and may even secure a parliamentary

Germany's Merz, Brazil's Lula stress close European-Brazilian cooperation

German Chancellor Friedrich Merz and Brazilian President Luiz Inacio Lula da Silva on Sunday called for closer ties between South America's largest economy and the

QXO strikes $17 billion deal to acquire building products distributor and installer TopBuild

U.S. construction supplies distributor QXO struck a $17 billion deal on Sunday to acquire building products distributor and installer TopBuild

Carney says Canada's US ties have become a weakness

Canada's close ties to the United States were once a strength but have become a weakness, Prime Minister Mark Carney said on Sunday, in a video

Funky-smelling Bradford pear tree among 30 invasive species getting banned in New Jersey

Funky-smelling Bradford pear tree among 30 invasive species getting banned in New Jersey

US energy chief says gas prices could stay above $3 per gallon until next year

U.S.

Bank creditors for Brazil's Raizen make restructuring proposal, Bloomberg reports

Brazilian fuel and sugar giant Raizen's bank creditors have presented the company with a new restructuring proposal, Bloomberg News reported on Sunday. 

Global leftists rally in Spain hoping to spark resurgence against far right

From reforming the UN Security Council to taxing billionaires, thousands of leftists gathered in Barcelona over the weekend to

Pope urges Angola to heal divisions at events drawing 130,000

Pope Leo urged Angolans on Sunday to overcome divisions after decades of war, first at a Mass in a field outside Luanda and

How a must-win Michigan Senate race turned messy for Democrats

How a must-win Michigan Senate race turned messy for Democrats

FanDuel wants to carve a sports niche in the controversial prediction market business

FanDuel wants to carve a sports niche in the controversial prediction market business

Republicans plan big spending to keep Ohio's Senate seat. A bribery scandal adds to their challenges

A political bribery scandal in Ohio is shadowing Jon Husted this election year

Gas prices won’t fall quickly. Here are ways to pay less at the pump right now

Gas prices won’t fall quickly. Here are ways to pay less at the pump right now

Allies fear a rushed US–Iran framework deal could backfire, leaving technical deadlock

European allies fear an inexperienced U.S. negotiating team is pushing for a swift, headline‑grabbing framework deal with Iran that

IMF, World Bank meetings show limits in mitigating shocks, reliance on US for solutions

Global finance leaders, whipsawed by Middle East war news, came to grips this past week with their inability to

Investors pile into US stocks as 'TINA' revival knocks 'TIARA' trades

The U.S.-Iran ceasefire in early April appears to have revived so-called TINA ("There Is No Alternative") trades, driven by peace hopes,

How the Fed chair succession saga could become a real mess

How the Fed chair succession saga could become a real mess

Billionaire Steyer's spending binge dwarfs rival campaigns in California governor's race

In the wide-open race for California governor, billionaire Tom Steyer is on a spending binge

Obama meets Mamdani in New York City before reading to preschoolers

Former President Barack Obama has met privately with New York Mayor Zohran Mamdani before joining together to read to preschoolers at a child care center in the Bronx

Mamdani and Obama meet face-to-face in New York City

Mamdani and Obama meet face-to-face in New York City

Iran fully closes Strait of Hormuz over US blockade and fires on ships

Iran now says the Strait of Hormuz is fully closed until the end of the U.S. blockade on Iranian ports

Brazil, Mexico, Spain pledge to send more aid to Cuba

The governments of Brazil, Spain and Mexico on Saturday vowed to step up coordinated aid to Cuba to alleviate what they described as a humanitarian crisis caused by the

What consumers can do as the Iran war impacts the cost and availability of flights

As the U.S. and Israel’s war with Iran squeezes global oil supplies, travelers have valid reasons to worry about the cost and availability of flights as they plan their late spring and summer trips

Magyar's parliamentary majority in Hungary increases after final count

Hungarian election winner Peter Magyar's Tisza party has increased its parliamentary supermajority to 141 seats out of 199 after the processing of

Senate votes to end ban on mining in Boundary Waters after Sen. Tina Smith's hourslong speech

Senate votes to end ban on mining in Boundary Waters after Sen. Tina Smith's hourslong speech

Pope Leo downplays feud with Trump, says 'not in my interest' to debate him

Pope Leo sought to downplay his feud with U.S.

ADB chief warns of yen pressure from Japan's too-slow rate hikes

The yen may come under further pressure if markets see the Bank of Japan as being too slow in addressing inflationary risks, Asian Development Bank

Iran tightens control of Strait of Hormuz, Trump warns against 'blackmail'

Iran said it was tightening control over the Strait of Hormuz on Saturday, warning mariners the

Pope Leo, in Angola, decries 'despots' who exploit resources, make false promises

Pope Leo sharply decried the exploitation of natural resources in Africa on Saturday, blasting "despots and tyrants" who guarantee wealth but do not

Turkey says US withdrawal from European security architecture could be 'destructive'

Discussions are under way on how to manage or mitigate a possible U.S. withdrawal from the "European security architecture", Turkish Foreign

Ukraine strikes Russian oil refineries hours after US waives sanctions on Moscow’s oil

Ukraine strikes Russian oil refineries hours after US waives sanctions on Moscow’s oil

Inside the Numbers: Some notes going into the NBA playoffs

This NBA season has been unusual, with three teams finishing over

Record US drought sparks worries about fires, water supply and food prices

The contiguous United States is experiencing record drought levels for this time of year, according to weather data

Venezuela's Machado says Spanish PM's leftist summit reason for not meeting him

Venezuelan opposition leader Maria Corina Machado said on Saturday she declined a meeting with Spain's prime minister during her visit because he was

Mediation fails in dispute over Franco-German fighter jet, Handelsblatt says

Mediators have failed to resolve a dispute between the companies involved in the Franco-German ‌FCAS fighter jet project, though

Iran says no date set for next round of negotiations with US

No date has been set for the next round of negotiations between Iran and the United States, Iran's deputy foreign minister said on Saturday,

It’s time for students to start committing to colleges. The age of AI is making it complicated

It’s time for students to start committing to colleges. The age of AI is making it complicated

Egypt working with Pakistan on lasting US-Iran peace plan, minister says

Egypt is working closely with Pakistan on a framework aimed at securing a lasting peace between the U.S. and Iran, Foreign Minister Badr Abdelatty said on Saturday.

UK’s Cooper urges full resumption of shipping through Strait of Hormuz

British Foreign Secretary Yvette Cooper said on Saturday the Strait of Hormuz had yet to return to normal operations despite a ceasefire in the Iran war

Russia's Lavrov says time has come for conversation with US about future economic ties

Russian Foreign Minister Sergei Lavrov said at a summit in Turkey's Antalya that the time has come for a conversation with the U.S. about how Washington sees future economic ties

Ukraine strikes Russian refineries, Crimea oil depot, Baltic Sea port

Ukrainian drones struck a handful of Russia's oil facilities overnight, including two oil refineries in the Samara region, an oil depot in Crimea and a Baltic Sea port that

High gas prices become another midterm warning sign for Republicans

High gas prices become another midterm warning sign for Republicans

China willing to advance talks to upgrading Switzerland trade pact, ministry says

China said on Saturday it is willing to advance negotiations on upgrading the China-Switzerland free trade agreement.

Iranians expect no post-war respite under military rule

By Parisa Hafezi and Angus McDowall DUBAI, April 19 - Iranians striving to maintain a semblance of normal life after weeks of U.S. and Israeli bombing and a deadly crackdown on protesters in January

Some tankers cross Strait of Hormuz before shots fired, ship-tracking data shows

More than a dozen tankers, including three sanctioned vessels, passed through the Strait of Hormuz after a 50-day blockade was lifted on Friday,

How 50 days of the Iran war led to the loss of $50 billion worth of oil

The world has lost over $50 billion worth of crude oil that has not been produced since the Iran war began nearly 50 days ago and the

US renews Russian oil waiver after pressure from countries dealing with Iran war price shocks

The Trump administration on Friday renewed a waiver allowing countries to buy sanctioned Russian oil at sea for about a month,

The Iran war has revealed Trump's pressure point: the economy

Seven weeks of war have failed to topple Iran’s theocratic rulers or force them to meet all of President Donald Trump's demands

Weapons-grade chemical carfentanil surges as dangerous substitute for fentanyl

Carfentanil has experienced a drastic resurgence across the U.S., causing hundreds of unsuspecting drug users to overdose

Berkshire CEO Abel sold stocks managed by ex-portfolio manager Combs, WSJ reports

Berkshire Hathaway Chief Executive Greg Abel has sold stocks previously managed by Todd Combs, one of Warren Buffett's former investment managers, the Wall Street Journal reported

Australia extends relaxed fuel standards to bolster supply

Australia extended an easing on fuel-quality standards until September, Energy Minister Chris Bowen said on Saturday, as the nation grapples with the ​impact of the Iran

Beijing set to launch Satellite Town as China's aerospace industry grows

The core area of Beijing's Satellite Town, designed as a hub for satellite manufacturers and operators, will be completed in the second half of 2026, state-owned media

Trump says China's Xi is 'very happy' about Strait of Hormuz reopening

U.S.

The Latest: Trump and Iran’s top diplomat say the Strait of Hormuz is fully open

U.S. President Donald Trump and Iran’s foreign minister say the Strait of Hormuz is now fully open to commercial vessels

US extends waiver on Russian oil sanctions to ease Iran war shortages despite Bessent denial

The U.S. Treasury Department has extended its pause on sanctions on Russian oil shipments to ease shortages from the Iran war, days after Secretary Scott Bessent ruled out such a move

San Diego Padres are nearing a whopping sale, AP source says

The family of late San Diego Padres owner Peter Seidler is nearing a sale of the team, a person with knowledge of the negotiations tells The Associated Press

Federal judge blocks Nexstar-Tegna TV station merger until antitrust lawsuit is settled

A federal judge has blocked the $6.2 billion merger between local television giants Nexstar Media Group and Tegna until an antitrust lawsuit is resolved

Trump’s lawyers seeking resolution of his $10 billion lawsuit against IRS and Treasury

Trump’s lawyers seeking resolution of his $10 billion lawsuit against IRS and Treasury

American rejects merger talks with United Airlines

American Airlines said on Friday that it was not interested in a merger with United Airlines and had not held any such talks, diminishing prospects of an industry-reshaping deal

Iran reopens Strait of Hormuz, but says U.S. must end naval blockade

Iran temporarily reopened the Strait of Hormuz on Friday following a ceasefire agreement in Lebanon, raising

Trump, IRS in talks to settle US president's $10 billion lawsuit

Lawyers for Donald Trump and the Internal Revenue Service are in talks to settle the U.S. president's $10 billion lawsuit against the tax collection agency for

Blackstone-backed Liftoff moves closer to public markets with US IPO filing

Mobile app marketing firm Liftoff filed for an initial public offering in the U.S. on Friday, moving the Blackstone-backed company closer to the public markets on

US Fed has told big banks not to push back aggressively on new capital rules

The U.S.

World Bank launches new strategy to help small states tackle challenges

The World Bank on Friday unveiled a new strategy aimed at helping small island states and other small countries better address unique challenges such

$13 train fare spikes to $150 for World Cup fans attending matches in New Jersey

Sky-high ticket prices won’t be the only thing emptying the wallets of soccer fans attending World Cup matches at some U.S. venues this spring

FACT FOCUS: RFK Jr. says the US is limiting measles outbreaks better than the rest of the world

Health Secretary Robert F. Kennedy Jr. has claimed at his first congressional hearing in months that, under his leadership, the U.S. has limited the spread of measles better than any other country in the world

White House chief of staff meets with Anthropic CEO over its new AI technology

White House chief of staff Susie Wiles has met with Anthropic CEO Dario Amodei to discuss the company's new AI model, Mythos

US approves potential $11.9 billion sale of integrated combat system to Germany

The U.S.

Justice Department targets leading US egg producers in antitrust case, WSJ reports

The U.S.

Spirit Airlines seeks government funding amid rising oil prices, Air Current reports

Spirit Airlines on Friday asked the Trump administration for hundreds of millions of dollars in emergency funding to offset rising fuel prices and stave off a possible liquidation

Mythos a serious threat but more will follow, Barclays CEO says

Anthropic's frontier AI model Mythos is a serious threat to the global banking system, and it is likely to be followed by similar, even more powerful cyberthreats,

Nvidia rival Cerebras discloses US IPO filing as AI boom drives listings

AI chipmaker Cerebras Systems revealed its filing for a U.S. initial public offering on Friday, bringing the Nvidia rival closer to the public markets as it seeks to tap into

Traffic and trepidation in the Persian Gulf could keep gasoline prices from dropping quickly

Oil prices plunged and the stock market rallied after U.S. President Donald Trump and Iran’s foreign minister said that the Strait of Hormuz is fully open

White House and Anthropic CEO discuss working together amid rising fear about Mythos model

The Trump administration and Anthropic's CEO on Friday discussed working together for the first time since a dispute earlier

Republicans buck Trump to reject 18-month FISA extension

Republicans buck Trump to reject 18-month FISA extension

Oil drops, stocks soar to wrap up a wild week. What just happened in markets?

Oil drops, stocks soar to wrap up a wild week. What just happened in markets?

Oil settles down 9% after Iran declares Strait of Hormuz open

Oil prices settled down by around 9% on Friday after Iran said passage for all commercial vessels through the Strait of Hormuz was open for the

Oil prices drop 9% and Wall Street rallies to a record after Iran reopens the Strait of Hormuz

Oil prices dropped back to where they were in the early days of the Iran war, and U.S. stocks raced to another record

Ships test Strait of Hormuz after opening, seek assurances on safety

A group of ships made an unsuccessful attempt to exit the Gulf on Friday evening, ship tracking data showed, as shipping companies

EU to push for jet fuel diversification as Iran war threatens supply

The European Union will urge members to cut their dependence on Middle Eastern jet fuel and look into increasing imports from the U.S., in new guidelines

Fed's Waller says rate cuts still possible this year if war ends quickly

By Michael S.

BoC governor says not concerned about short-term spike in inflation expectations

Bank of Canada Governor Tiff Macklem said on Friday inflation will rise in the short term and that an uptick in

US imposes sanctions aimed at Colombian fighters in Sudan

The United States imposed sanctions on Friday on five companies and individuals it said were involved in recruiting former Colombian military personnel to fight on

Calls grow to remove Peru election chief as vote count drags on

Calls to remove the head of Peru's electoral authority intensified on Friday as delays and alleged irregularities clouded the presidential vote count, with

Wall Street indexes hit record  highs as oil falls with Strait of Hormuz declared open

The benchmark S&P 500 and the tech-heavy Nasdaq each rallied to their third record close in a row on Friday, while the blue-chip Dow marked its

Ex-CEO, ex-CFO of bankrupt AI company charged with fraud

The former chief executive and chief financial officer of iLearningEngines, which provided AI-driven business automation technology, were indicted on

Meta targets May 20 for first wave of layoffs; additional cuts later in 2026

Meta intends to conduct a first wave of sweeping layoffs planned for this year on May 20, with more coming later, three

Venezuela likely to get IMF loan support after necessary groundwork, Georgieva says

The International Monetary Fund will likely provide Venezuela with a financial support program as part of its re-engagement with the

Tentative contract deal holds off strike by New York City apartment building workers

Union leaders representing thousands of New York City apartment house doorpersons, superintendents and other workers have reached a tentative contract agreement with building owners

Texans' Will Anderson Jr. lands a record $150M extension, top-paid non-QB in NFL

Houston Texans defensive end Will Anderson Jr. has agreed to a three-year, $150 million contract extension making him the highest paid non-quarterback in NFL history

Trump's lawyers are in talks with the IRS to resolve president's $10B lawsuit

The Trump administration says it’s in talks with the IRS to resolve a $10 billion lawsuit over leaked tax information

New oil and gas lease sale set for Alaska's Arctic National Wildlife Refuge, amid litigation

The U.S. government plans another oil and gas lease sale for Alaska’s Arctic National Wildlife Refuge

Indian refiners pay for Iran oil in yuan via ICICI Bank, sources say

Indian refiners are settling payments for rare cargoes of Iranian oil purchased under a temporary U.S. sanctions waiver using

US to recover uranium from Iran at a 'leisurely pace', Trump tells Reuters

President Donald Trump told Reuters on Friday that the U.S. will work with Iran to recover its enriched uranium and bring it back to the United States

IMF says Middle East war to deepen economic divide in Latin America, Caribbean

The war in the Middle East is likely to widen economic differences across Latin America and the Caribbean, giving some short-term support to oil exporters while

Air Canada to cut four NY-bound flights as fuel prices soar due to Iran conflict

Air Canada said on Friday it will trim daily flights to New York from 38 to 34, starting in June, as higher fuel prices lead North American carriers to cut capacity on

Traders place $760 million bet on falling oil ahead of Hormuz announcement 

Investors placed a bet worth about $760 million on a falling oil price around 20 minutes before Iran's foreign minister announced on Friday that the

Ships crossing Hormuz need OK from IRGC, unfreezing funds part of deal, Iran official says

All ships can sail through the Strait of Hormuz but this needs to be coordinated with Iran’s Islamic Revolutionary Guard Corps (

US buyers redirect imported fertilizer overseas as Iran war drives up global prices

U.S. fertilizer buyers are redirecting shipments out of the country, as higher overseas prices give them an incentive to divert critical

Stocks romp to records, oil plunges on hopes of US-Iran peace deal

Oil prices cratered, Wall Street indexes scaled record highs and U.S.

Significant differences remain between Iran-US, including on nuclear issues, senior Iranian official says

Significant differences between Iran and the United States remain to reach a deal aimed at ending the war, a senior Iranian official told Reuters on Friday, adding that

Fed chair nominee Warsh will have ideas, economy may deliver surprises, Daly says

Kevin Warsh may have plans for big changes at the U.S. central bank, but like previous Federal Reserve leaders cannot know what economic surprises he may need to

Kailera soars over 60% in Nasdaq debut as weight-loss drug race heats up

Weight-loss drug developer Kailera Therapeutics' shares surged 62.5% in their Nasdaq debut on Friday after closing a $625 million U.S. initial public offering, as

Hampshire College’s demise is yet another blow to creative, outside-the-box options in higher education

Hampshire College’s student-driven, unorthodox approach to education has roots in the early 1900s and a belief that students should be active, engaged learners.

Prosecutors say makeup, wigs helped former Alabama tackle impersonate NFL players in $20M fraud

A former defensive tackle at the University of Alabama is accused of wearing makeup and wigs to impersonate NFL players in a fraud scheme that bilked investors of $20 million

Wildfires used to 'go to sleep' at night. Climate change has them burning overtime

Wildfires used to die down and even stop at night with cooler temperatures and increased humidity

Canada Post taking steps to stop home mail delivery

The government-owned corporation that delivers mail in Canada is taking steps to stop home delivery

The Supreme Court hands a win to oil and gas companies fighting environmental lawsuits in Louisiana

The Supreme Court is handing a win to oil and gas companies fighting lawsuits over coastal land loss and environmental degradation in Louisiana

China's DeepSeek is raising funds at $10 billion valuation, The Information reports

Chinese artificial intelligence startup DeepSeek is in talks with investors to raise at least $300 million at a valuation of $10 billion, The Information reported on Friday,

Congo Republic signals privately it requested new IMF loan, sources say

The Republic of Congo has told investors it formally requested a fresh financing programme from the International Monetary Fund,

Trump says blockade on Iran 'in full force' until deal is reached

U.S. President Donald Trump said on Friday that the naval blockade on Iran will "remain in full force" until a deal with Tehran is struck.

BOJ's hawkish hints keep rate hike on the cards

Bank of Japan Governor Kazuo Ueda refrained from pre-committing to an April rate increase as the Iran war muddled the outlook, but left a few hawkish

Indian oil refiners lining up oil cargoes to meet local demand, official says

Indian oil refiners are doing their best to line-up oil cargoes to meet local demand, an Indian government official said on Friday, after the United States decided not

Air traffic control applicants top 8,000 in 13 hours, transportation secretary says

A record 8,000-plus people have applied for jobs in the troubled U.S. air traffic control system in the first 13 hours of a recruitment drive

Companies scramble for tariff refunds as US prepares to launch claim process

By Timothy Aeppel, Nicholas P.

Reopened Strait of Hormuz, oil price drop may recast Fed's rate-cut options

Iran's move to reopen the Strait of Hormuz and a sharp drop in oil prices on Friday boosted bets the Federal Reserve may resume its

Lilly's obesity pill draws 1,390 US prescriptions in launch week

Eli Lilly's newly launched weight-loss pill was prescribed 1,390 times in the U.S. in its first week of sales, according to analysts who cited IQVIA data,

Geopolitical stress not yet reflected in euro zone bank earnings, supervisor says

The balance sheet of euro zone banks does not yet reflect elevated geopolitical tensions as it could take time - possibly years - for loan quality to deteriorate,

India fails to pass parliament expansion bill linked to quotas for women

An Indian government bill to expand assemblies that would have brought forward plans to reserve a third of the seats for women did not get enough votes to get through

Home shopping network pioneer QVC files for bankruptcy protection

The owner of home shopping network pioneer QVC has filed for Chapter 11 bankruptcy protection

Drone maker AEVEX valued at $2.6 billion as shares rise in NYSE debut

Drone maker AEVEX's shares jumped 15% in their debut on the New York Stock Exchange on Friday, signaling growing investor appetite for defense-

Reactions of industry and leaders to Iran saying Hormuz is open

Iran's foreign minister said the Strait of Hormuz, a critical waterway for transporting global oil and gas, was open for all commercial vessels following a ceasefire

Pope urges Africa's youth to resist dual temptations of migration and corruption in Cameroon

Pope Leo XIV is encouraging young people in Cameroon to resist the temptation to migrate and to stay at home and fight corruption

FACT FOCUS: Trump says drug trafficking by sea is down 98.2%. The numbers don't show that

President Donald Trump has repeatedly claimed that the flow of drugs into the U.S. by sea has been nearly eradicated under his administration

Nebraska proposes $600 million renovation of Memorial Stadium to be finished in time for 2028 season

Nebraska’s Memorial Stadium will undergo a $600 million renovation that will make the 103-year-old venue more fan-friendly and greatly increase revenue for the athletic department, according to a plan expected to be approved next week

Trump administration considers unfreezing $20 billion in Iranian assets — after lambasting Obama for a similar move

Trump administration considers unfreezing $20 billion in Iranian assets — after lambasting Obama for a similar move

Iran war presents risk to euro zone growth and inflation outlook, Lagarde says

The Iran war could drag euro zone growth lower and push inflation above already increased projections, requiring the European Central Bank to remain vigilant, ECB

Wall St climbs at open after Iran says Strait of Hormuz open

Wall Street's main indexes opened higher on Friday after Iranian Foreign Minister Abbas Araqchi said the Strait of Hormuz was open following a ceasefire accord agreed in Lebanon.

Russell 2000 scales intraday peak weeks after war-driven slide into correction

The small-cap Russell 2000 hit its first intraday record high on Friday since the U.S.-Iran conflict erupted, joining other major indexes at all-time highs and suggesting the

Global markets surge as Iran says Strait of Hormuz open during ceasefire

Stocks and bond prices jumped on Friday, while oil and the dollar fell sharply after Iran's foreign minister said passage for all commercial vessels through the Strait of

State Street's profit rises on robust fee income

State Street reported a rise in first-quarter profit on Friday, as market volatility lifted the custody bank's client activity and fee revenue.

Russian billionaire says drone attacks affect nitrogen fertiliser trade

By Olesya Astakhova MOSCOW, April 17 - Drone attacks in recent months are having a significant impact on the Russian nitrogen fertiliser industry, billionaire Andrei Melnichenko, founder of fertiliser

US regional lenders lift veil on 'shadow bank' exposure after strong quarter

Several U.S. regional lenders this week detailed their exposure to non-bank firms after posting strong lending growth and beating first-

Macron and Starmer welcome Hormuz reopening and push for permanent navigation security

France and the U.K. have welcomed the announcement by Iran and the U.S. that the Strait of Hormuz is open

Dollar falls to multi-week lows as risk appetite rises on Hormuz news

The safe-haven U.S. dollar dropped to multi-week lows on Friday as risk appetite soared after Iran said the Strait of

Italy saw modest growth in Q1, supported by Olympics, central bank estimates

The Italian economy posted modest growth in the first quarter, supported by the Winter Olympics in February which drew a major influx of tourists, the country's central

Why the future of marijuana legalization remains hazy despite high public support

A cannabis legalization movement that for a decade rode a wave of success has stalled amid failed ballot initiatives, rising health concerns and a frayed coalition of supporters.

It's not just Allbirds - another meme-stock season is on the horizon, Vanda Research says

U.S. tax season is over, but meme-stock season is just getting started.

Surging record-high US stocks to wade deeper into earnings season

Investors will look to a heavy week of U.S. corporate results to further fuel a stunning rebound in the U.S. stock market, which has shaken off war-

Fifth Third quarterly adjusted profit rises on interest income strength

Fifth Third Bancorp reported a rise in first-quarter adjusted profit on Friday, driven by increased net interest income and strength in its capital markets division.

US equity funds extend inflows on Iran de-escalation hopes

U.S. equity funds attracted strong demand in the week through April 15 as expectations of an early resolution to the Iran conflict and resilient corporate results boosted risk

Spain's far-right Vox party secures first regional coalition deal with conservatives

Spain's far-right party Vox and the mainstream conservative opposition People's Party have struck a preliminary deal to govern in coalition in

Truist beats profit view on strong growth in investment banking, trading

U.S. bank Truist Financial topped first-quarter profit estimates on Friday, thanks to solid growth in investment banking fees and trading, as well as higher

Canadian housing starts decrease 6% in March

Canadian housing starts posted a surprise decline in March, falling 6% from the previous month, data from the national housing agency showed on Friday.

Hungary's Magyar starts early EU talks to unblock funds

Hungary's incoming prime minister Peter Magyar said on Friday he was about to start initial talks with EU officials in Budapest as there was no time to waste in his

UBS capital rules could hurt Swiss economy, bank-commissioned study finds

Capital requirements proposed by the Swiss government for UBS could have a sustained drag on Switzerland's economy, a study commissioned by the bank found, as a showdown

US is leading G20 initiative to ensure fertilizer access, sources say

The U.S. is urging G20 members and the International Monetary Fund and World Bank to take coordinated action to ensure fertilizer access amid

Bank of England's Pill sees inflation focus as top priority over other trade-offs

Bank of England Chief Economist Huw Pill said on Friday that the central bank's main focus should be getting inflation to its 2% target.

Bank of England chief economist criticises colleagues' 'wait and see' messaging

Bank of England Chief Economist Huw Pill on Friday criticised his colleagues' "wait and see" messaging on keeping policy on hold while the Iran war

‘Right to race’ laws and the battle over America’s local racetracks

State lawmakers are trying to shield tracks from nuisance lawsuits − but the larger threat may be rising land values and redevelopment pressures.

A fragile calm in Lebanon as a US-brokered truce holds and families head home

A fragile calm has settled over parts of Lebanon as a 10-day ceasefire brokered by the United States takes hold between Israel and Hezbollah

Takeaways from AP-Grist reporting on federal support for rural renewable energy

The Associated Press and Grist have collaborated on a project to analyze how federal policy changes on energy are affecting farmers

QVC’s parent company files for bankruptcy

QVC’s parent company files for bankruptcy

Cheboygan business owners brace for the worst as dam water levels continue rising

Cheboygan business owners brace for the worst as dam water levels continue rising

Polish leader Tusk claims Russia-linked crypto firm backed Nawrocki's presidential bid

Polish Prime Minister Donald Tusk claims a cryptocurrency firm with “Russian money” has sponsored politicians from Poland's former government

More than a dozen traveling preschools to close across Hawaii

More than a dozen traveling preschools to close across Hawaii

Argentina wheat threatened by high urea fertilizer prices due to Iran war

The Iran war has strongly boosted prices of the urea fertilizer that is vital to ensuring a successful wheat harvest in Argentina, forcing

Equity fund inflows rise as war risks recede, upbeat earnings boost mood

Global equity funds received a fourth successive weekly inflow in the week through April 15 as upbeat earnings and increased optimism that the Iran war could be resolved more

Hedge fund stock buying hits $86 billion as Iran peace hopes, Goldman data shows

Systematic hedge funds boughts stock at a record pace in the last five trading sessions, adding $86 billion of stock exposure, said a Goldman Sachs note

Sri Lanka's Energy Minister resigns

Sri Lanka's Energy Minister Kumara Jayakody and ministry secretary Udayanga Hemapala resigned on Friday following an outcry over coal imports for

Walmart's Flipkart plans foray into India's ticketing market as live events boom, sources say

Walmart-owned Indian e-commerce firm Flipkart plans to sell movie and concert tickets in India, moving

US tariffs drive steep drop in EU exports for second month

European Union exports to the United States dropped by more than a quarter for a second consecutive month in February, but may be exaggerating the

Over a dozen countries offer to play role in Hormuz mission, Starmer says

More than a dozen countries said on Friday they were willing to join an international mission to protect shipping in the Strait of Hormuz when

EV maker Polestar's fourth-quarter revenue jumps, loss narrows

Sweden's Polestar on Friday reported a sharp jump in fourth-quarter revenue and a smaller loss, as the electric vehicle maker ramped up production and cut costs to cater to

Investors give peace a chance

  Everything Mike Dolan and the ROI team are excited to read, watch and listen to over the weekend. From the Editor Hello Morning Bid readers!

At Cuba's Bay of Pigs, a victory against U.S. invaders stirs pride, fresh parallels

Orestes Chamizo points at a scrubby patch of sand on Cuba's Bay of Pigs, showing the spot where a brigade of U.S.-trained Cuban exiles landed

A Trump pledge is falling flat as Ohio musical instrument plant closes

When Keith Czika learned the brass-instrument factory where he had worked for nearly 18 years was closing and his job was headed to China, the 62-

Pope urges Cameroon to reject violence at Mass that draws 120,000 people

Pope Leo called on Cameroonians on Friday to reject violence and be generous with their neighbours during an event billed as

Tomatoes are having a moment. You might not like the reason

Tomatoes are having a moment. You might not like the reason

Wanna bet? Washington steps up scrutiny of prediction markets

A controversy has erupted over prediction markets such as Polymarket and Kalshi

Lula and Sánchez to 'work for peace' at gathering of progressive leaders in Barcelona

Brazilian President Luiz Inácio Lula da Silva has started a two-day visit to Spain on Friday when he and his Spanish counterpart Pedro Sánchez met a day before they will gather with other leaders who are concerned with the fate of the democratic order and the rise of the populist far right

The attack on Sam Altman exposed a dark underbelly of the anti-AI movement

The attack on Sam Altman exposed a dark underbelly of the anti-AI movement

EU to restore Syria relations, strengthen trade and security ties, document shows

By Lili Bayer and Feras Dalatey BRUSSELS/DAMASCUS, April 17 - The European Union plans to deepen its engagement with Syria by relaunching formal political contacts and paving the way for closer

French trio's planned $24 billion telecoms deal to test EU resolve

A sweetened 20.35 billion euro ($24 billion) joint bid by Bouygues Telecom, Iliad-owned Free and Orange for France's second-largest

STOXX 600 jumps more than 1% after Iran declares Strait of Hormuz open

The STOXX 600 jumped more than 1% and notched its fourth straight weekly gain on Friday, after Iran announced that the Strait of Hormuz, a

Kenya requests emergency World Bank funds to cushion Iran war shocks

Kenya has requested rapid financial support from the World Bank to help it manage the economic shocks triggered by the Iran war, its

Gerresheimer rejects takeover bid from US packing firm Silgan, sources say

German medical packaging maker Gerresheimer has rejected a takeover bid from its U.S. rival Silgan, three sources familiar with the situation told Reuters.

Netflix slumps as muted forecasts, Hastings exit deepen growth worries

Netflix shares fell more than 10% in early trading on Friday, as investors digested a tepid forecast and the surprise exit of co-founder and Chairman Reed

Apple's iPhone shipments in China surge 20% in Q1, data shows

Apple's iPhone shipments surged 20% in China in the first quarter, for the strongest growth among major vendors, despite an overall decline as

Warsh, war and worsening conditions?

Financial markets are in a buoyant mood as U.S. President Donald Trump signals confidence that the war in Iran will end soon, with talks probably on the cards again this weekend.

Uber's Delivery Hero stake boosted by Prosus' $318 million share sale

Dutch technology investor Prosus has agreed to sell a 4.5% stake in Delivery Hero to Uber for about 270 million euros ($318.06 million), making the ride-hailing group the fourth-

IMF expects ECB to raise rates by half a percentage point in 2026

The European Central Bank should lift its key interest rate twice this year to combat an energy-driven inflation surge, but should then reverse

Jet fuel supplies are lagging. What does that mean for airlines and travelers?

A looming jet fuel shortage in Europe and Asia could compound the Iran war's impact on world travel if a fragile agreement to reopen the Strait of Hormuz collapses and Persian Gulf oil shipments stay blocked

Deutsche Bank expects Fed to hold rates in 2026

Deutsche Bank expects the U.S.

Uber to acquire additional 4.5% stake in Delivery Hero, FT reports

Uber has reached an agreement to acquire an additional 4.5% stake in rival Delivery Hero and will buy around 270 million euros ($318.1 million) of Delivery Hero shares at 20 euros

China offers Vietnam railway loans, technology; shows off its high-speed rail

China offered to boost ties with Vietnam on rail infrastructure, from loans and technology to training, as its neighbour's top leader, To Lam, wound up a visit

Wall Street banks trade derivatives to bet on private credit stress, FT reports

JPMorgan Chase, Barclays and other Wall Street banks have started trading credit default swaps linked to flagship private credit funds run by Blackstone, Apollo Global and Ares

Romanian broad ruling coalition parties must continue despite tensions, president says

Romania's broad ruling coalition of four pro-European Union parties has no choice but to continue to govern, President Nicusor Dan said, even if its biggest party will

Ericsson lags profit expectations as AI demand drives up chip bill

Sweden's Ericsson reported a first-quarter core profit that slightly missed market expectations on Friday, citing increasing chip costs

Global leftist leaders gather in Spain to mobilise against far right

Spain's Pedro Sanchez and Brazil's Luiz Inacio Lula da Silva will spearhead gatherings of the global left in Barcelona on Friday and

Japan's core inflation likely ticked up in March fuelled by energy costs: Reuters poll

Japan's core consumer inflation probably picked up slightly in March from the previous month due to higher energy costs, a Reuters poll showed on Friday, in a sign of the

China expected to keep benchmark lending rates steady after strong GDP data

China is expected to leave benchmark lending rates unchanged for an 11th consecutive month in April, a Reuters survey showed, as robust first-quarter growth and a pick-

Iran war drives up costs, spoils the mood at China's largest trade fair

Shao Haixia's plastics factory in China has seen raw material costs jump 20% since the Iran war started and has not

Malaysia's economy grew 5.3% yr/yr in Q1, official advance estimate shows

Malaysia's economy grew 5.3% in the first quarter from a year earlier, official advance estimates showed on Friday, moderating from its pace at the end of 2025 as

China steps up Iran diplomacy while seeking smooth summit with Trump

China is accelerating its efforts to end the Iran war, walking a diplomatic tightrope as it prepares for a

Markets catch their breath as weekend diplomacy beckons

A look at the day ahead in European and global markets from Ankur Banerjee Markets slipped into TGIF mood as the possibility of a deal between the U.S. and Iran lifted hopes and kept oil below $100 a

As commodities reshape geopolitics, currency pecking order gets a reset

The war in the Middle East is the latest reminder of how commodities are reshaping the geopolitical landscape, leaving currencies

Trump draws Marie Antoinette comparisons as he leans into the gilded trappings of the presidency

President Donald Trump is more overtly leaning into some of the spoils of his office in his second term, drawing comparisons to French Queen Marie Antoinette from political opponents

Drone maker AEVEX raises $320 million in US IPO

Drone maker AEVEX said on Thursday that it had raised $320 million ​in its U.S. initial public offering after ‌pricing shares at $20 each.

Philippines, US to build industrial hub to strengthen supply chain security

The United States and the Philippines will build a 4,000-acre (1,620 hectares) industrial hub after Manila joined a Washington-led initiative to secure AI and

South Korea draws back investors even as Iran war exposes cracks

South Korea's capital markets are luring back foreign buyers after a brutal March, as hopes of stability in the Middle East, a red-hot AI memory

Progressive Democrat wins New Jersey special election to succeed Mikie Sherrill

By Nolan D.

Ukraine PM says she feels more confident of US support after visit to Washington

Ukrainian Prime Minister Yulia Svyrydenko left the United States on Thursday buoyed by what she called positive talks with top U.S. officials,

Airline adding bunk beds for economy travelers but bans snacks, smells and cuddling

Air New Zealand will soon add triple-tier bunk beds for economy travelers to have a chance to sleep on long-haul flights

Panama Canal downplays report of $4 million 'line-jumping' auction payment amid higher traffic

The Panama Canal Authority on Thursday downplayed a report that an LPG vessel paid $4 million to jump the transit queue, saying the result reflected temporary market

BOJ chief avoids hints of April rate hike, shattering hawkish market bets

Bank of Japan Governor Kazuo Ueda steered clear of signalling a rate hike was on the cards this month, instead highlighting the country's low real

IMF, World Bank say they are resuming dealings with Venezuela

The International Monetary Fund and the World Bank said on Thursday they had resumed dealings with Venezuela, which had been paused since 2019.

Trump tries economic reset as Republicans fret over high gas prices

U.S.

Sony to get up to $380 million image sensor factory Japan subsidy

The Japanese government will provide subsidies of up to 60 billion yen ($380 million) to Sony for an image sensor plant in the western Japanese prefecture of Kumamoto,

OpenAI to spend more than $20 billion on Cerebras chips, receive stake, The Information reports

OpenAI has agreed to pay chip startup Cerebras more than $20 billion over the next three years to use servers powered by the company's chips, under a deal that could also give the

Less than a year after being fired, former FEMA chief is set to be reinstalled by Trump

Less than a year after being fired, former FEMA chief is set to be reinstalled by Trump

Lawmakers gathered quietly to talk about AI. Angst and fears of 'destruction' followed

Lawmakers on Capitol Hill conducted a roundtable with leading AI executives and academics to discuss the potential transformative impacts of the technology on American society

The Latest: A 10-day ceasefire agreed on by Israel and Lebanon has gone into effect

A 10-day ceasefire announced by U.S. President Donald Trump and agreed on by Lebanon and Israel has started

A 10-day ceasefire agreed on by Israel and Lebanon goes into effect

A 10-day ceasefire announced by U.S. President Donald Trump and agreed on by Lebanon and Israel has started

Democrat Analilia Mejia will win House special election in New Jersey, further narrowing GOP majority

Democrat Analilia Mejia will win House special election in New Jersey, further narrowing GOP majority

Federal officials order flight cuts at Chicago O'Hare to reduce airport delays

About 300 flights per day must be cut from the schedule at Chicago O’Hare International Airport on the busiest days this summer in an effort to reduce flight delays, The U.S. Department of Transportation and Federal Aviation Administration order said Thursday the airlines scheduled more flights than O'Hare could handle, so the government told the airlines to make cuts

A vaccine standoff and other key moments from RFK Jr.'s first congressional hearing in months

Health Secretary Robert F. Kennedy Jr. defended a more than 12% proposed cut to his department's budget and dodged arrows from angry Democrats as he kicked off an expected sprint of seven hearings in Congress over the next seven days

NiSource signs long-term power deal with Alphabet, expands Amazon agreement

U.S. utility NiSource said on Thursday it had signed a long-term energy supply agreement with a unit of Alphabet to support a large data center in northern Indiana.

California gasoline stocks fall to record lows as Hormuz disruption bites

California’s gasoline inventories have declined to record lows as fuel prices have surged nationwide on the back of the war on Iran, and analysts warn that

US to delay weapons deliveries to some European countries due to Iran war, sources say

U.S. officials have informed some European counterparts that some previously contracted weapons deliveries are likely to be delayed

Fuel surge threatens Spirit Airlines bankruptcy exit, raises liquidation risk

Spirit Airlines' bankruptcy exit plan is under renewed pressure after a sharp rise in jet fuel

Israel and Lebanon begin ceasefire, Trump says Iran may meet US over weekend

A 10-day ceasefire between Lebanon and Israel went into effect on Thursday and President Donald Trump said the next meeting

Haiti hunger crisis deepens as almost 6 million face acute food insecurity

Nearly 6 million people in Haiti are expected to face acute food insecurity in the coming months, underscoring how gang violence, mass displacement and economic

Trump administration restores funding to Manhattan subway project after NY sues

The Trump administration has agreed to resume funding a key Manhattan subway project after New York officials sued

Final size of interest rate calibration in Brazil is open, official says

Brazil's central bank is cautious amid uncertainties over the potential duration and consequences of the U.S.-Israeli conflict with Iran, and the final size of its interest rate

Bangladesh needs to replenish capital in banks and private sector, finance minister says

Bangladesh Finance Minister Amir Khosru said on Thursday his country needs to erase a capital deficit in its banks and private sector for any reforms to take

Euro zone inflation surges past ECB target on oil shock

Euro zone inflation soared past the European Central Bank's 2% target this month as surging oil and gas costs drove up headline

Carlyle to buy majority stake in MAI Capital at over $2.8 billion valuation

MAI Capital Management said on Tuesday that funds managed by investment firm Carlyle Group will buy a majority stake in a deal valuing the wealth management firm at more than $2.8

Mongolia names new prime minister following stalemate in parliament

Mongolia's parliament on Monday confirmed Uchral Nyam-Osor as the nation's third prime minister in nine months, following his predecessor's resignation last week over

Canada reports modest economic growth in January

The Canadian economy eked out modest growth in January, with monthly gross domestic product rising slightly as strength in most goods-producing

Wall St opens higher on Mideast de-escalation hopes; monthly losses loom

Wall Street's main indexes opened higher on Tuesday, as markets welcomed a report signaling potential de-escalation in the Middle East conflict that has set the S&P 500 and the

Countries need to step up on Strait of Hormuz, says Hegseth

The United States has done the lion's share of the work in making Iran less of a threat and other countries now need to step up to reopen the critical

US lawmakers press SEC's top official over enforcement director's exit

Top U.S.

Pricier fuel hits Tokyo cherry blossom river cruises ​

A few dozen tourists hopped onto a small cruise boat in Tokyo to admire the cherry blossoms lining the Meguro River -- a seasonal

Why is Unilever hiving off its food business?

Unilever said on Tuesday it will merge its food business with spice maker McCormick in the second-largest food transaction in history, a deal that will

US single-family home prices rise moderately in January, FHFA says

U.S. single-family house prices increased moderately in January, but rising mortgage rates as the war in the Middle East drags on could sideline potential first-time

At least 25 sanctioned Russian ships pass through UK waters after boarding threat

More than two dozen ships sanctioned for being part of Russia's so-called shadow fleet have passed through UK waters since Prime Minister

Trump urges countries seeking oil to go to Strait of Hormuz and 'just take it'

President Donald Trump on Tuesday urged countries that did not help in the U.S.-Israeli strikes on Iran to buy American oil and go to the Strait of Hormuz and "just

Ukrainian drones strike Russia's Ust-Luga port again, sources say oil terminal hit

Ukrainian drones on Tuesday struck Russia's Baltic Sea port of Ust-Luga for the fifth time in 10 days, and industry sources told Reuters an oil loading terminal was hit,

Cholula sauce maker McCormick beats quarterly sales estimates on steady demand

McCormick, which is set to merge with Unilever's food business, beat first-quarter sales estimates on Tuesday, helped by resilient demand for its seasonings and condiments. 

Canadian GDP up 0.1% in January, most likely up 0.2% in February

The Canadian economy grew by 0.1% in January as gains in mining, quarrying, and oil and gas extraction more than offset a contraction in manufacturing, Statistics Canada

Markets in Q1: Everything everywhere all at once

The start to the year has have left investors with a serious case of whiplash with the eruption of war in Iran triggering a record jump in oil prices, major

Bangladesh considers partial online classes amid energy crisis

Bangladesh is considering introducing partial online classes in schools as part of austerity measures to ease pressure from the global energy crisis and domestic

Unilever and McCormick agree to food business deal

Unilever has agreed to separate its food unit, home to Knorr and Hellmann's, and merge it with spice maker McCormick in a cash-and-stock deal valuing the British firm's food

Russia's Lavrov says regime change plans in Iran and Venezuela were about oil

Russian Foreign Minister Sergei Lavrov said on Tuesday that U.S. plans to unfurl regime change in Iran and Venezuela were aimed at gaining more control over oil and gas

German institutes cut 2026, 2027 growth forecasts, raise inflation outlook, sources say

Germany's leading economic institutes cut their economic growth forecasts for this year and next and sharply raised their inflation forecasts in response to the Iran

Amazon, Delta team up for in-flight Wi-Fi, challenging Musk's Starlink

Amazon's Leo satellite internet unit signed a deal with Delta Air Lines to provide in-flight Wi-Fi on 500 of the airline's planes starting in 2028

March is the cruellest month

By Mike Dolan March 31 - What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets The turbulent first quarter of 2026 ends with a dull thud, as the Iran war

Italy's population stops shrinking after 12 years, thanks to migration

Italy's population has stabilised after 12 years of decline, with immigration almost entirely offsetting a shrinking number of births, while life

NHTSA opens probe into about 75,000 Nissan Frontier trucks over fuel leak concerns

The National Highway Traffic Safety Administration on Tuesday launched a probe into about 75,300 model-year 2006 Nissan Frontier pickup trucks due to concerns about potential fuel

Lebanese officials had 'good' meeting with IMF, finance minister says

Lebanese Finance Minister Yassine Jaber on Thursday said his government had good meetings this week with the International Monetary Fund and remained

Land management company EagleRock discloses revenue rise in US IPO filing

Land management company EagleRock Land reported higher annual revenue in paperwork filed on Thursday for a U.S. initial public offering, positioning itself as a rare energy

US law enforcement raids offices of Houston fuel trader Ikon Midstream

(This April 16 story has been corrected to remove the incorrect statement by Ikon Midstream's lawyer which said the raid was conducted by U.S. CBP, in paragraph 4, and to note that the U.S.

FAA clamps down on airline turf war at Chicago O'Hare with summer flight cap

The U.S.

G7 finance chiefs say it is urgent to limit Middle East war's cost to global economy

Finance chiefs of the Group of Seven nations on Thursday said it was urgent to limit the cost to the global economy of an enduring Middle East war and "reaffirmed the

ECB policymakers play down April rate hike chances

European Central Bank policymakers played down the chance of a rate hike as soon as this month, arguing that more data will be needed and the precise

Valero partially restarts Port Arthur, Texas refinery after blast, sources say

Valero Energy Corp has partially restarted its 380,000 barrel-per-day Port Arthur, Texas refinery following a March 23 explosion and fire, said two people

Netflix co-founder Hastings exits as streaming pioneer hunts for growth

Netflix Chairman Reed Hastings is quitting the streaming service he co-founded 29 years ago.

Trading Day: Nasdaq notches 12-day winning streak as Middle East peace talks progress

By Stephen Culp April 16 - Wall Street moved higher on Thursday, as traders assessed ongoing Middle East peace negotiations and parsed a mixed bag of corporate earnings.

German automaker Mercedes-Benz to invest $4 billion in Alabama SUV plant

German automaker Mercedes-Benz said on Tuesday it will invest $4 billion at its Alabama plant through 2030 to boost SUV production as it seeks to address

Zelenskiy says he will ask US to relay Easter energy truce offer to Russia

Ukrainian President Volodymyr Zelenskiy said on Tuesday he would ask U.S. mediators to pass Kyiv's offer of an Easter ceasefire for

TikTok seeks Brazil fintech license to offer credit

Social media platform TikTok, controlled by China's ByteDance, is seeking approval from the Brazilian central bank to operate as a lending and payments

US consumer confidence rises,  but job openings and hiring drop sharply

U.S. consumer confidence unexpectedly edged up in March, but households remained downbeat on the labor market and anticipated higher inflation over

Warren Buffett will not commit to more donations to Gates Foundation

Warren Buffett on Tuesday declined to commit to continuing his annual multibillion-dollar donations to the Gates Foundation, following the recent release of

Volvo leans on Chinese parent Geely to survive in tough car market

Volvo Cars' only way to survive as competition intensifies is by cooperating with Geely's other car

Fed's Schmid warns against complacency on inflation

Kansas City Federal Reserve President Jeff Schmid on Tuesday warned against assuming higher energy prices will have only a transitory effect on inflation, given that inflation was

Trump administration prepares final lending rule to narrow civil rights protections

The U.S. federal watchdog agency for consumer finance expects to finalize new regulations proposed in November that would narrow key civil-rights-

Israel to destroy 'all houses' near Lebanon border, defence minister says

Israel will destroy all homes in Lebanese villages near the border and 600,000 people who fled the south will not be allowed home until northern Israel

California AI order requires firms seeking state contracts to have safeguards against abuse

California Governor Gavin Newsom signed an executive order on Monday that requires firms seeking contracts with the state to provide safeguards against AI misuse, including the

European shares snap eight-month winning streak as Mideast conflict weighs

European stocks ended Tuesday with their steepest monthly decline in nearly four years, underscoring the degree to which the Middle East conflict

Absences fall sharply after US airport security workers finally get paid

The Transportation Security Administration said absences among the nation's 50,000 security officers fell sharply on Monday as workers were paid

S&P 500 heads for worst quarter since 2022 as Iran war, rate worries rattle Wall Street

The broad U.S. equity index is closing out its worst quarter in four years, reflecting an investor retreat driven in large part by inflation fears,

EU may revive 2022 energy crisis measures in response to Iran war

The European Union is considering reviving energy crisis measures it used in 2022 when Russia slashed gas deliveries, to address the unfolding disruption

European power companies plot US expansion despite past struggles

Several major European power companies are laying out big plans to expand in the United States, as the lure of explosive electricity

Chinese securities regulators targeted for graft as China woos global capital

China is stepping up a years-long anti-corruption drive against securities regulatory officials as Beijing works to improve the image of its

JPMorgan to increase small-business lending, hire more credit officers

JPMorgan Chase is planning a significant increase in loans to small businesses in coming years as part of a plan aimed at boosting growth in local U.S

WTO cannot address trade imbalances, but US not ready to exit, Greer says

The World Trade Organization is unable to deal with the core challenges of the global trading system, but the U.S. is not ready to leave the body, U.S.

How food shaped Unilever for nearly a century

Unilever said on Tuesday it will merge its food business with spice maker McCormick in what would be the second-largest food transaction in history, creating a company worth

Unilever works council warns of union action if workers are not protected in McCormick deal

Unilever's European works council is worried about job losses from the company's food merger with McCormick, warning that it was stoking uncertainty and

Brazil's Lula announces Alckmin as running mate for 2026 election

Brazilian President Luiz Inacio Lula da Silva said on Tuesday that Vice President Geraldo Alckmin will again be his running mate in an October election,

KKR plans to privatise Japan's Taiyo Holdings with $3.3 billion tender offer

Global investment firm KKR said on Tuesday that an entity owned by its investment funds seeks to make a tender offer to buy all shares of Japanese chemical manufacturer Taiyo

Lebanon bracing for long-term displacement crisis amid funding crunch, minister says

Lebanon is preparing for the possibility that hundreds of thousands displaced by Israeli strikes and evacuation orders will not return home

Tether cuts two gold traders hired three months ago, source says

Tether has let go two senior precious metals traders it hired from HSBC only three months ago, a source with direct knowledge of the matter told Reuters on Tuesday.

GM idles Detroit EV plant, temporarily laying off 1,300 workers

General Motors is idling a Detroit electric vehicle plant until April 13, extending downtime that began on March 16, the company said

Ireland to offer new personal savings account from 2027, finance minister says

Ireland plans to offer a new personal savings and investment scheme from next year to encourage people to invest some of the 170 billion euros ($196 billion) earning

Nvidia bets $2 billion on Marvell as rising AI adoption fuels competition

Nvidia has invested $2 billion in Marvell Technology as part of efforts to make it easier for customers to use the custom artificial

German chancellor clarifies Syrian refugee comments after backlash

German Chancellor Friedrich Merz clarified on Tuesday comments he made about the return of Syrian refugees to their homeland after economists and politicians warned that a

US job openings fall in February; hiring lowest since pandemic

U.S. job openings fell more than expected in February and hiring dropped to the lowest level in nearly six years, government data showed on Tuesday.

Millions of bad loans hobble Greece's economic recovery, IMF official says

Millions of unprocessed bad loans from last decade's debt crisis are slowing Greece's economic growth and stymying the rebound

US appeals court upholds decision to dismiss Boeing criminal case

A U.S. appeals court on Tuesday upheld a ruling by a lower court to approve the Justice Department decision to dismiss a criminal case against

Novo Nordisk to launch discounted Wegovy subscriptions for self-pay patients in US

Novo Nordisk will launch a discounted subscription plan for U.S.

AI-led selloff in contract research firms may be misjudging disruption risk

Shares of contract research organizations have tumbled on fears that advances in artificial intelligence could allow drugmakers to take

Hungary foreign minister discussed EU sanctions with Russia in leaked audio

Hungary's foreign minister and his Russian counterpart discussed EU sanctions in an audio clip released by an investigative news outlet on Tuesday, days

Indonesian forest loss surges by 66% in 2025, driven by Prabowo's self-sufficiency drive, report shows

Forest loss in Indonesia surged by 66% in 2025, hitting its highest rate in eight years as a result of weak environmental

Analysts cut Russia's economic growth forecast for 2026: Reuters poll

The Russian economy will grow by 0.8% this year, down from a forecast of 1% a month ago, according to a Reuters poll of 16 analysts on Tuesday, echoing an earlier

Unilever, McCormick strike deal to create $65 billion food giant

Unilever will merge its food business with spice maker McCormick, it said on Tuesday, creating a company worth around $65 billion in

US strips citizenship from couple in trade theft case, part of Trump immigration push

President Donald Trump's administration is revoking the U.S. citizenship of a California couple who emigrated from China and pleaded guilty to

Colombia central bank raises rates to 11.25%, government withdraws from board

Colombia's central bank raised the benchmark interest rate on Tuesday for a second consecutive policy meeting, to 11.25%, while the

WTI, June Brent crude futures settle down on reports that Iran may be ready to end war

Brent futures for June delivery settled down more than $3 on Tuesday following unconfirmed media reports that Iran's president said the country was

AT&T signs deal worth $2 billion to upgrade emergency cellular network

AT&T has reached a deal to invest about $1 billion to improve the Commerce Department's FirstNet and deliver $1 billion in cost savings for the program via reduced rates, a U.S

Global equities rebound on de-escalation hopes, ending a weak month

Global equity and bond markets jumped on Tuesday on speculation of a potential de-escalation in the Middle East conflict

Q1 ends with a BANG!

Wall Street closed a tumultuous first quarter with a bang on Tuesday as hopes of de-escalation in the Middle East powered stocks to their best

Beyond Meat misses quarterly results estimates on persistent demand struggles

Faux meat maker Beyond Meat missed Wall Street estimates for fourth-quarter sales and posted a larger-than-expected operating loss on Tuesday due to sluggish demand for its higher

NY Fed appoints Citi CEO Jane Fraser to Federal Advisory Council

The Federal Reserve Bank of New York said on Tuesday it has appointed Jane Fraser, chief executive of Citigroup, to the Federal Reserve Board of Governors' Advisory Council.

Elon Musk must face class action over late disclosure of Twitter stake, judge rules

A federal judge on Tuesday said former Twitter investors who accused Elon Musk of defrauding them by waiting too long to disclose his initial 

World Bank approves $2 billion loan for Turkey's new railway project

The World Bank on Tuesday approved a loan of $2 billion to Turkey for a new railway line across the Bosphorus in what would be the nation's largest foreign-financed railway

US says Iran war at decisive moment, Tehran threatens US businesses in region

U.S.

Syria will stay out of Iran conflict unless it faces aggression, president says

Syrian President Ahmed al-Sharaa said on Tuesday that his country will stay out of the U.S.-Israeli war against Iran unless Syria is subject to aggression and has no diplomatic

US customs agency says tariff refund system progressing, but payments may take up to 45 days

The U.S. customs agency said on Tuesday it was making progress in setting up a streamlined process for refunding some $166 billion in tariff

Maradona's former home is transformed into a soup kitchen in Argentina

Every week, hundreds of people line up to fill a plastic container with food in an unlikely place: the humble home where

US exempts Gulf of Mexico drillers from endangered species rules

A committee of senior officials in President Donald Trump's administration voted on Tuesday to exempt the Gulf of Mexico oil and gas industry from a federal law

Drugmakers delay some European launches with a wary eye on Trump's pricing policies

Drugmakers are delaying launches of some new medicines in Europe as the industry grapples with U.S. pressure and

Activist investor Irenic swoops in on Snap with new stake, shares surge

Activist investor Irenic Capital Management said on Tuesday that technology company Snap could be worth at least five times as much as today's valuation but

Monzo to close US business to focus on UK and Europe

British mobile bank Monzo said on Tuesday it is exiting the United States, describing the move as a strategic decision to focus on expanding in the UK and Europe.

China's new home prices rise in March; big cities see seasonal pickup, private survey shows

China's new home prices edged up in March, reversing a decline in the previous month, supported by a seasonal pickup in demand in major cities, a private survey showed on

Japan business mood, inflation expectations rise but Iran war clouds outlook

Japan saw the business mood improve and corporate inflation expectations heighten in the three months to March, a closely watched survey showed, helping the

Asia barters for scarce energy as Iran crisis throttles supplies

Indonesia's leader visited Tokyo this week in Asia's latest flurry of fuel bartering efforts to

South Korea chip boom powers export growth to four-decade high

South Korea's exports beat forecasts in March, surging at their fastest pace in nearly four decades on an AI-driven chip boom, but supply risks from the Middle

China, Pakistan call for Iran peace talks, normal navigation in Strait of Hormuz

China and Pakistan on Tuesday called for an immediate ceasefire in the Gulf and the wider Middle East, urging the swift launch of peace talks and the restoration of normal

China's factory activity expands but price pressures intensify, private PMI shows

China's manufacturing sector expanded in March for a fourth straight month as output and new orders continued to grow, but rising price pressures sharply intensified, a

China set to extend fuel export ban with small exemptions, sources say

China is poised to extend its ban on refined fuel exports into April, five industry sources with knowledge of the matter said, though

Dollar drops on Iran war de-escalation hopes

The dollar fell on Tuesday on

Republican senator proposes to widen US ban on Chinese autos

Republican Senator Bernie Moreno said on Tuesday he will introduce legislation next month to toughen a U.S. government ban on Chinese

Argentina designates Iran's IRGC a terrorist organization, aligning with US

Argentina has designated Iran's Islamic Revolutionary Guard Corps (IRGC) as a terrorist organization, its presidential office said in a statement on Tuesday,

Sequoia Capital names veteran Doug Leone as chairman

Sequoia Capital has named former senior steward Doug Leone as chairman, partners at the storied Silicon Valley venture capital firm said in X posts on Tuesday.  

Japan's factory growth slows in March as Iran war weighs, PMI shows

Japan's factory activity expanded at a slower pace in March as growth in output, orders and manufacturers' confidence cooled and cost pressures hit a 19-month high due to

South Korea factory activity expands at strongest pace in over 4 years, PMI shows

South Korea's factory activity expanded at the strongest pace in more than four years in March, led by semiconductor demand and new product launches, even as the Middle East

SpaceX lines up 21 banks for mega IPO, code-named project Apex

(In paragraph 6, inserts dropped word "active") By Echo Wang March 31 - SpaceX is working with at least 21 banks on its blockbuster initial public offering, people familiar with the matter said on

IMF reaches loan deals with Papua New Guinea to unlock $216 million

The International Monetary Fund (IMF) said on Tuesday it had reached staff-level loan agreements to give Papua New Guinea access to about $216 million, once approved.

UK pay body sees potential 3.7% rise for minimum wage in 2027

Britain's minimum wage may need to rise by around 3.7% next year to 13.18 pounds ($17.38) an hour to keep up with the likely rise in average earnings, the

Unilever and McCormick investors find $65 billion food deal hard to swallow

Unilever and McCormick shareholders found the reality of their planned $65 billion food deal hard to

Anthropic to sign deal with Australia on AI safety and economic data tracking

Anthropic said on Wednesday it would sign an agreement to share its economic index data with the Australian government to help track artificial intelligence adoption across

Wall Street soars as traders bet on potential war off-ramp

Wall Street ended sharply higher on Tuesday, lifted by speculation about a potential de-escalation in the Middle East conflict that has sent

US pump prices hit $4 a gallon as Iran war wreaks havoc on global energy supply

U.S. average gasoline prices rose above $4 a gallon on Monday for the first time in more than three years, capping the sharpest monthly rise

Trump says U.S. strongly considering NATO exit, Telegraph newspaper says

U.S.

Nike forecasts surprise sales drop as China weakness hurts turnaround efforts

By Savyata Mishra and Nicholas P.

South Korea and Indonesia discuss energy security, sign agreements on minerals and tech

South Korean President Lee Jae Myung held talks on Wednesday with Indonesian leader Prabowo Subianto, discussing energy security and agreeing

New BP CEO Meg O'Neill starts off by promising consistency, staff note shows

BP's new CEO Meg O'Neill began her stint on Wednesday by offering consistency while accelerating the group's performance, a year

PE firm Arcline walks away from bid for UK's Senior as other suitors circle

The field of suitors for British aerospace and defence supplier Senior Plc narrowed after private equity firm Arcline Investment Management dropped out of buyout talks on Wednesday

UK factories see biggest month-on-month jump in costs since 1992, PMI shows

British factory cost pressures soared in March and delivery delays - due to ships avoiding the Strait of Hormuz - were the longest since mid-2022, according to a survey

Euro zone economy may already be on ECB's 'adverse' path, policymaker warns

The euro zone economy may already be on the "adverse" path outlined by the European Central Bank and inflation could become entrenched quicker than in

World does not need a crisis over Taiwan, opposition leader says ahead of China trip

At a time of international turbulence the world does not need a crisis over Taiwan, the leader of the island's largest opposition party said on Wednesday ahead of a

German manufacturing expands in March despite Iran war supply strains, PMI shows

Germany's manufacturing sector expanded in March at its fastest pace since May 2022 as output and new orders grew despite supply disruptions tied to the Iran war, a survey

French manufacturing stagnates in March as Middle East conflict hits orders -final PMI

French manufacturing activity showed little sign of expansion in March, a monthly business survey showed on Wednesday, as the impact of the U.S-Israeli-led war on Iran

Rubio says US can see 'finish line' on Iran war

U.S.

Rubio says Venezuela will ultimately need transition phase, free elections

U.S.

North Korea-linked hack hits largely invisible software that powers online services

Hackers linked to North Korea breached behind-the-scenes software that runs many common online functions in an effort to steal login information that could enable

Oracle begins layoffs affecting thousands, CNBC reports

Cloud computing firm Oracle is laying off thousands of employees, CNBC reported on Tuesday, citing two people familiar with the matter.

April fools rush in

A look at the day ahead in European and global markets from Gregor Stuart Hunter: De-escalation hopes for the Iran war are spurring a rally in stocks and bonds, but - drawing attention to today's date

Qantas, American Airlines get interim Australia nod for trans-Pacific tie-up

Australia's competition regulator said on Wednesday it has granted interim authorisation to Qantas and American Airlines to continue cooperating on trans-Pacific routes linking

Trump will personally go to Supreme Court for birthright citizenship case

U.S.

War-driven US dollar rebound to fade as broad safe-haven appeal erodes: Reuters poll

The dollar's modest rebound since the U.S.-Israeli war on Iran started a little over a month ago will fade as its safe-haven appeal erodes, according

Coca-Cola plans to invest $1 billion in South Africa through 2030

Coca-Cola and its two authorized bottlers, Coca-Cola Beverages South Africa and Coca-Cola Peninsula Beverages, will invest 17.6 billion rand ($1.05 billion) in South

Mega IPOs set to test US market depth despite volatility

Companies raised the most through share sales in the first quarter since 2021, and mega-IPOs from Space

Factory input costs soar worldwide as Iran war snarls up supply chains

Factories across the world faced soaring input costs and supply chain disruptions in March due to the Iran war as underlying tepid

Former German finance minister Joerg Kukies to join Morgan Stanley

Joerg Kukies, a former German finance minister, will take a role at Morgan Stanley, the U.S. bank said on Wednesday, marking a return to the senior ranks of banking

Australian leader urges using public transport, says war's effects will last months

Australian Prime Minister Anthony Albanese warned the economic shocks of the war in the Middle East would be felt for months and

EU fines on US companies are biggest source of friction, State Department official says

A senior U.S.

Finding the 'off ramp'

By Mike Dolan April 1 - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets “Off ramp” seems to be the word of the week surrounding the Iran war - and the

EU announces a further $2.3 million in humanitarian aid for Cuba

The European Commission has released a further 2 million euros ($2.3 million) in aid for Cuba, it said on Wednesday, to tackle what it described as worsening humanitarian

Stronger polls buy Flavio Bolsonaro time on economic team as Brazil race heats up

Rising public support for Brazilian opposition Senator Flavio Bolsonaro's presidential run has allowed him to put

Apple's 50-year journey from garage to tech titan

In early 1976 in California, Steve Wozniak had just completed the design of a computer circuit board he intended to share with fellow hobbyists at a

New BOJ board member warns of stagflation risk from Iran war

Japan may face stagflation risks from the Iran war that would be challenging to deal with using monetary policy, new Bank of Japan board member Toichiro

Euro zone factories see jump in input costs, supply snags, survey shows

Euro zone manufacturers faced soaring input costs and supply chain disruptions in March due to the Iran war, even as underlying tepid demand threatened to undermine the

Europe risks recession if oil jumps over $150, ECB's Stournaras says

Europe could face recession if the Iran conflict drags on and oil prices jump over $150 per barrel, European Central Bank policymaker Yannis Stournaras told Greek radio on

Race to launch weight-loss pill heats up as Lilly wins US approval

Eli Lilly on Wednesday became the second company to gain approval for a weight-loss pill, as the multibillion-dollar market shifts toward more convenient oral therapies.

UK's Starmer calls for closer Europe ties as Iran war strains US relations

Prime Minister Keir Starmer said on Wednesday that the global instability caused by the Iran war means Britain should pivot to focusing

Wall St opens higher as Iran war resolution hopes lift sentiment

Wall Street's main indexes opened higher on Wednesday, building onto their biggest one-day jump in nearly a year in the previous session, following President Donald Trump's comment

Record megadeals in first quarter set the pace for global M&A gains

Turbulence linked to the war in Iran and swings in valuations have yet to deter corporate deal-making as

US private payrolls increase steadily in March, ADP says

U.S. private payrolls increased steadily in March, the ADP's national employment report showed on Wednesday.

Fed's Barkin: Households, firms still see oil shock through a "short-term lens"

Businesses continue to act as if high oil prices will prove only a short-term disruption, with little evidence yet it has caused consumers to pull

German institutes cut growth forecast as Iran war drives inflation higher

Germany's leading economic institutes cut their growth forecasts for this year and next on Wednesday and sharply raised their projections for inflation as

A war meant to break Iran could leave Tehran stronger, and Gulf exposed

If President Donald Trump ends the war with Iran without a deal, he risks leaving Tehran with a stranglehold over Middle East energy supplies and Gulf Arab

Trump bets his tax cuts will please Las Vegas voters on his swing West

President Donald Trump is betting that the tax cuts he signed into law last year will resonate with voters in Las Vegas

Trump’s top regulator for prediction markets pledges crackdown on insider trading

Trump’s top regulator for prediction markets pledges crackdown on insider trading

Sen. Warren calls for greater transparency into Federal Reserve nominee's financial holdings

President Donald Trump’s nominee to run the Federal Reserve, Kevin Warsh, is likely to face tough questions about his vast financial holdings at a hearing next week by the Senate Banking Committee

US urges nations to back 'trade over aid' plan as UN warns against privatizing assistance

The U.S. is urging other nations to back a “trade over aid” initiative at the United Nations as part of the Trump administration’s broader shift away from donor-focused development assistance and toward greater private investment

Cuban leader, marking Bay of Pigs anniversary, vows to defeat US forces if attacked again

Cuban leader, marking Bay of Pigs anniversary, vows to defeat US forces if attacked again