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Tobias Adrian, the IMF’s monetary and capital-markets director, says incentives today are better aligned among issuers of private credit and investors in it than was the case when subprime mortgage debt fueled the global financial crisis.
Conflict in the Middle East could yet trigger the kind of turmoil that markets have so far avoided, the International Monetary Fund warned, adding its voice to a rising chorus of concern about the financial stability impact of the war.
U.S. Vice President JD Vance said Monday that the next steps in U.S.-Iran peace efforts now depend on Tehran.
Bessent has previously said the Fed should hasten cutting interest rates, calling reductions "the only ingredient missing" for stronger economic growth.
JPMorgan Chase beat first-quarter earnings expectations, with volatility from the Iran conflict leading to record market revenue and with consumers continuing to spend in the face of higher gasoline prices.
The producer price index was expected to increase 1.1% in March, according to the Dow Jones consensus estimate.
The U.S. team of Vance and special envoys Steve Witkoff and Jared Kushner made progress with Iran during the Islamabad talks, the vice president said.
'We've seen constraints in countries like Vietnam and Thailand on air travel, but this is also spilling over to Europe,' an ING analyst told CNBC.
President Christine Lagarde said the euro-zone economy has moved away from the European Central Bank’s Iran war base case, though not enough to currently warrant leaning toward raising interest rates.
President Christine Lagarde said higher energy costs have pushed the euro zone away from the European Central Bank’s base-case outlook, though not enough yet to warrant leaning toward raising interest rates.
The U.S. began blocking ships through the Strait of Hormuz on Monday, sending oil prices surging after peace talks failed over the weekend.
The U.S. blockade of Iranian ports could accelerate the drawdown in global oil inventories, further tightening near-term supply and pushing back hopes of market normalization into mid-May, according to Société Générale.
The S&P 500 information-technology sector’s forward P/E ratio is at its lowest relative to five-year averages among all sectors in the index.
Every dollar you don’t need to borrow for higher education is worth the effort, even if asking for a discount feels uncomfortable
US natural gas futures rose slightly, reversing overnight losses, as weather forecasts shifted cooler, indicating higher demand for the heating and power-plant fuel in the coming weeks.
US natural gas futures fell after earlier gains as traders weighed plunging oil prices against mixed weather outlooks. Traders may also have more readily unwound long positions as forecasts later in April show weeks of mild weather despite a slight cold shift. Analysts also expect a growing storage surplus relative to the five-year average.
US natural gas futures ended lower for a fifth consecutive session, erasing earlier gains as traders weighed plunging oil prices against mixed weather outlooks. Traders may also have more readily unwound long positions as forecasts later in April show weeks of mild weather despite a slight cold shift.
Citigroup reported its best quarterly revenue in a decade and a 56% year-over-year jump in earnings per share.
Amazon said it would acquire Globalstar, giving its nascent satellite internet business a boost as it vies to compete with Elon Musk's SpaceX.
The IMF said that the U.K. will be hardest hit out of all developed economies as a result of the Iran war.
Port of Los Angeles Director Gene Seroka says the impact of the Strait of Hormuz closure will be felt for months and he says costs will likely be passed on to consumers. He speaks on "Bloomberg Surveillance." (Source: Bloomberg)
Big banks are sending mixed signals: trading desks are booming, dealmaking is back, and private credit risks look contained for now. But beneath the strong earnings, CEOs like Jamie Dimon are still warning about an uncertain economy. Bloomberg News reporter Katherine Doherty discussed recent earnings reports from major banks including JPMorgan, Citigroup, and Wells Fargo. (Source: Bloomberg)
Big banks are sending mixed signals: trading desks are booming, dealmaking is back, and private credit risks look contained for now. But beneath the strong earnings, CEOs like Jamie Dimon of JPMorgan are still warning about an uncertain economy. Bloomberg's Katherine Doherty breaks down the earnings that came out this morning from JPMorgan, Citigroup, and Wells Fargo. (Source: Bloomberg)
It didn’t happen right away this time, but investors who held through March’s market tumult are finding that the classic geopolitical playbook for the U.S. equity market is finally starting to pay off.
