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Elevated crude prices lifted earnings despite disruption in the Strait of Hormuz pushing sales volumes lower
Coordinated intervention allowed Japan to support its currency without selling off its U.S. debt holdings
The Federal Reserve has met at least eight times a year for decades. Reducing the number of meetings would represent the biggest change by Kevin M. Warsh since he became chairman
Federal Reserve Chairman Kevin Warsh's decision to abandon forward guidance on monetary policy is driving bond market volatility, with 30-year Treasuries selling off after Wednesday's rate decision, according to Torsten Slok, chief economist at Apollo Global Management. He speaks on Bloomberg Television's "The Fed Decides." (Source: Bloomberg)
The Bank Rate has remained at 3.75 per cent since December 2025 – but a hike is now expected this year
Iran says it is still in control of the Strait of Hormuz and not seeking to resume peace talks with the United States after President Donald Trump halted a two-week bombing campaign
European stock futures gained as oil prices retreated on signs of easing tensions in the Middle East
US stocks tumbled, putting the S&P 500 Index on track for its worst day in a month, as doubts about the payoffs from the debt-fueled artificial-intelligence investment boom dragged down big tech stocks
Markets now face the resurgent Middle East war, a spike in oil prices back past US$100 and worries about the artificial intelligence investment boom