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UK Chancellor of the Exchequer Rachel Reeves criticized US President Donald Trump over the damage his conflict in the Middle East has wreaked on the global economy and accused him of going to war without an exit strategy.
UK Chancellor of the Exchequer Rachel Reeves criticized US President Donald Trump over the damage his conflict in the Middle East has wreaked on the global economy and accused him of going to war without an exit strategy.
The UK sold 10-year bonds at the highest yield since the global financial crisis, drawing in record numbers of buyers keen to lock in returns that may fall back if the Middle East war comes to an end.
US equity futures rise and oil slips on optimism as the US and Iran consider another round of peace talks. United CEO Scott Kirby is said to have pitched a possible tie-up with American Airlines. Bank earnings continue with JPMorgan, Wells Fargo and Citi. Katrina Dudley of Franklin Templeton says the reaction in the equity market signals expectations that the Iran war will be short. Saul Martinez of HSBC discusses how banks are adapting to volatility. (Source: Bloomberg)
Republicans are trying to defend a razor-thin majority in the House and are running on tax policies passed last year.
JPMorgan CEO Jamie Dimon called the economy resilient, but pointed to an "increasingly complex set of risks" across global markets.
“They now intend to bill us for seven to eight months of storage fees.”
ActBlue, which raises small-dollar donations for Democrats and their causes, reported record first-quarter fundraising for a midterm election year.
Soaring inflation expectations are a warning sign for investors who have bought into the ceasefire-fueled rebound in stocks over the past few trading sessions, say some Wall Street market-watchers.
JPMorgan beat earnings expectations amid record market revenue, but a downbeat outlook for net interest income hurt the stock.
JPMorgan beat earnings expectations amid record market revenue, but a downbeat outlook for net interest income hurt the stock.
Citigroup is perceived to be more impacted by the geopolitical environment than many of its peers.
The April FMS was eagerly awaited given the oil price shock caused by events in the Middle East. While sentiment darkened, though, investors seem reluctant to cut risk significantly.
The April FMS was eagerly awaited given the oil price shock caused by events in the Middle East. While sentiment darkened, though, investors seem reluctant to cut risk significantly.
Citigroup and BlackRock Investment Institute have both turned bullish on U.S. stocks. They say tech dominance is a part of that.
French Finance Minister Roland Lescure discusses the Iran war, energy markets and the economy. Lescure will join the International Monetary Fund meetings in Washington this week as policymakers discuss the fallout from from the oil shock triggered by the conflict in the Middle East. He speaks on Bloomberg Television. (Source: Bloomberg)
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.
The country’s independent crude processors rely heavily on discounted Iranian, Russian and Venezuelan crude, putting them in a perilous position.
Wells Fargo reported net interest income for the first quarter that was up from a year earlier but missed the average analyst estimate. Dani Burger reports on Bloomberg Television. (Source: Bloomberg)
There was a deterioration of demand in March as a result of the Middle East conflict, said LVMH CFO Cécile Cabanis.
The April FMS was eagerly awaited given the oil price shock caused by events in the Middle East. While sentiment darkened, though, investors seem reluctant to cut risk significantly.
U.S. Vice President JD Vance said Monday that the next steps in U.S.-Iran peace efforts now depend on Tehran.
France is banking on longer-term investment, including from US firms in data centers, to help overcome a slowdown from the fallout of the conflict in the Middle East, Finance Minister Roland Lescure said.
JPMorgan CEO Jamie Dimon called the economy resilient, but pointed to an "increasingly complex set of risks" across global markets.
