‘He didn’t seem very alert’: Our CPA said we owe the IRS $443, but we’re actually due a refund of $637. Do we fire him?
“We’re both concerned about the accuracy of our returns.”
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“We’re both concerned about the accuracy of our returns.”
US equity futures slide as oil rises above $100 a barrel once again as President Trump vows to blockade the Strait of Hormuz at 10 AM Eastern today. Bank earnings kick off with Goldman Sachs set to report before the bell. Ella Gude of BNY Investments Newton discusses the upcoming risks if the blockade does occur. (Source: Bloomberg)
Global stocks and bonds slide as oil rallies back above $100 a barrel as President Trump vows to blockade the Strait of Hormuz and Iran warns that ports in and around the Persian Gulf will not be safe. Goldman Sachs set to kick off bank earnings. Ella Gude of BNY Investments Newton sees pressure for yields to persist. (Source: Bloomberg)
Indonesia will hike benchmark prices for nickel ore, further weighing on local processors facing cost pressures from the Middle East war.
Higher bond yields have been hitting secular growth stocks, but that may be about to change
Investors should be keeping a close eye on the difference between Brent and U.S. crude, which is sending a message that market worries over the crisis in Iran have peaked, says Morgan Stanley.
Barry speaks with Mike Pyle, Senior Managing Director, is the Deputy Head of BlackRock’s Portfolio Management Group (PMG). They discuss the durable economic shocks that could result from the war with Iran including energy security. They also discuss his time in the Biden administration as Deputy National Security Advisor for International Economics. (Source: Bloomberg)
Smaller, more affordable homes for first-time buyers have all but disappeared. Bloomberg Opinion columnist Scott Lincicome explains who’s to blame. (Source: Bloomberg)
Adams Street Partners LLC has raised $7.5 billion for its third private credit vehicle focused on institutional investors, more than double the size of its previous fund, even as the market grapples with a retail exodus.
Holcim Ltd.’s Lafarge was found guilty by a Paris court of making payments to terrorist organizations to keep open a cement plant during the civil war in Syria.
Holcim Ltd.’s Lafarge was fined nearly €5.7 million ($6.7 million) and its former chief executive was jailed for 6 years after being found guilty of making payments to terrorist organizations to keep open a cement plant during the civil war in Syria.
Lafarge’s former chief executive was jailed for six years and the Holcim Ltd. subsidiary was fined nearly €5.7 million ($6.7 million) after being found guilty of paying terrorist groups to avoid shutting a plant during Syria’s civil war.
India’s inflation edged up in March as the war in the Middle East lifted crude prices and squeezed gas supplies for key industries.
European Central Bank Governing Council member Boris Vujcic said energy costs remain near the base-case scenario, despite rising since the recent cease-fire.
While the dollar's demise has been greatly exaggerated on many occasions, the war with Iran has put potentially irreversible strain on the global trading system, with gold reserves having eclipsed central bank holdings of valuation-adjusted dollar assets for the first time in the Bretton Woods II era. As President Trump rips up Pax Americana, owning fewer dollar assets becomes increasingly logical, and it’s hard not to see the dollar’s dominance continuing to ebb away over time, with gold’s fortunes further revived. (Source: Bloomberg)
Malaysian chip-design firm Skyechip Bhd. has signed an underwriting agreement with local banks for an initial public offering, with proceeds earmarked for the research and development of artificial intelligence products.
War, inflation threaten to undermine profit outlook for 2026.
Pakistan is in discussions with Saudi Arabia and China for financial support to compensate for a loan of about $3 billion that Islamabad will be forced to pay back to the United Arab Emirates, people familiar with the matter said.
Malaysia’s Prime Minister Anwar Ibrahim sought to defuse a controversy over diesel shipments to the Philippines, underscoring how sensitive such trades have become as countries grapple with rising energy costs.
Investors piled into emerging-market exchange-traded funds last week, led by Latin American equities, as a US-Iran ceasefire accord boosted investor appetite for risk, halting a four-week streak of outflows exceeding $5.6 billion.
Concerned their kids are facing a job market that’s downright hostile to fresh grads, parents with means are hiring coaches to help their offspring years before they even have careers. Jo Constantz explains. (Source: Bloomberg)
The May issue of Businessweek features a package of stories that explores the fight over a shrinking supply of entry-level jobs for recent college graduates. Brad Stone and Jo Constantz have more. (Source: Bloomberg)
President Donald Trump had signaled that other countries would help the U.S. in its blockade.
A strategist argues Viktor Orban’s defeat was against the prevailing trend, but the Iran war will cement a new global regime of deglobalization, state expansion and stubborn inflation.