Powell era ends with rates on hold, Fed hawks on the rise and a vow to keep governor's seat warm
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· Reuters
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Newest first · UTC+11:00Trade shortfall widens to $4.51B in March
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· Chynna Grace Ong
Inflation could have breached 6% in April
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· Niña Myka Pauline Arceo
A seismic shift in the global oil market
THE United Arab Emirates (UAE) has opted out of the Organization of Petroleum Exporting Countries (OPEC), the cartel that controls the ebb and flow of oil in the global market.
· The Editorial Board
Faisal Islam: Bank of England is trying to manage expectations
No interest rate rise is going to force an oil tanker through the Strait of Hormuz, or clear the "hazardous area" of mines.
· Faisal Islam
Hitachi, Advantest ride AI boom to lead Japan Inc. profit bonanza
Profit at Advantest more than doubled last fiscal year due to strong sales of chip testing tools. (Photo by Hazumu Urushiyama)
· Staff Writer
Caterpillar's Parabolic Rise Continues As AI Boom Supercharges Generator Sales
Hyperscalers are deploying as much as $725 billion in capital expenditures this year, primarily on AI data center buildouts, and it comes as no surprise that Caterpillar posted solid first-quarter earnings, as surging on-site power demand has created a boom for the company's power-generation business.
· Tyler Durden
Vatican court deadline passes in financial trial
A view of St. Peter’s Basilica at the Vatican, March 11, 2020. (AP Photo/Andrew Medichini, File)
· Nicole Winfield
State Street and SBI to launch low-fee investment trusts in Japan
SBI looks to leverage State Street's investment capabilities and extensive product portfolio. (Source photos by Nikkei)
· Staff Writer
FDA proposes excluding Novo, Lilly weight loss drugs from bulk compounding list in win for the companies
The Food and Drug Administration on Thursday proposed excluding the active ingredients in Novo Nordisk and Eli Lilly's blockbuster obesity and diabetes medications from the list of drugs that outsourcing facilities can use for compounding in bulk.
· Annika Kim Constantino
UAE-South Korean Cepa takes effect in boost to economic ties | The National
The UAE and South Korea have formally enacted their Comprehensive Economic Partnership Agreement, the first of its kind Seoul has signed with a country in the Middle East and North Africa.
· Alvin R Cabral
Bank of England faces the 'most difficult combination,' says governor Bailey as energy prices soar
Bank of England policymakers must contend with the "most difficult combination" of economic effects, according to governor Andrew Bailey, as the U.K. faces the consequences of an energy price shock.
· Joseph Wilkins
The chips are down: pizza, fried chicken and doughnut shares plunge on ASX as living costs bite budgets
Shares in Domino’s Pizza, KFC operator Collins Foods and multi-brand food franchise owner Retail Food Group have all suffered double-digit falls
· Jonathan Barrett
Is China’s Manus block a warning for other AI firms with global ambitions?
State media has cast the deal as a security concern, while stressing Beijing remains open to foreign investment
· Kandy Wong
Is China’s Manus block a warning for other AI firms with global ambitions?
State media has cast the deal as a security concern, while stressing Beijing remains open to foreign investment
· Kandy Wong
Kalshi promo code NYPMAX: Trade $10, get $10 for Oilers vs. Ducks
With the Kalshi promo code NYPMAX, you can sign up for Oilers vs. Ducks — or any game in the NHL playoffs — and trade $10 to get $10 in prediction market bonuses.
· Sean Treppedi
White House fights Anthropic’s plan to expand Mythos tool that experts fear could cause AI doomsday
The White House is reportedly fighting Anthropic’s plan to expand access to Claude Mythos – a powerful AI tool that company execs have warned could cause a wave of hacks and terror attacks if it fell into the wrong hands.
· Taylor Herzlich
Amazon Is Back In Bed With The Trumps: Prime Video Reportedly Considering ‘The Apprentice’ Reboot With Donald Trump Jr. To Host
Amazon is staying in business with the Trumps.
· Radhamely De Leon
EU merger shake-up exposes von der Leyen–Ribera clash of visions
BRUSSELS — A seemingly innocent manual on how the EU executive vets corporate deals is exposing differences between President Ursula von der Leyen and her number two in charge of competition, Teresa Ribera.
· Francesca Micheletti
Mortgages, bills and jobs: Five takeaways from the Bank of England meeting
The Bank of England has revealed some interesting details on the ways our finances might be affected as the conflict in the Middle East hits the economy.
· Kevin Peachey
China voices ‘serious concern’ over US curbs in talks with Bessent, Greer
Vice-Premier He Lifeng urges dialogue as both sides seek to manage differences and keep trade ties on steady footing
· Yuanyue Dang
China voices ‘serious concern’ over US curbs in talks with Bessent, Greer
Vice-Premier He Lifeng urges dialogue as both sides seek to manage differences and keep trade ties on steady footing
· Yuanyue Dang
UN chief warns Hormuz closure 'strangling' global economy
UN chief Antonio Guterres sounded the alarm on Thursday over the worsening global economic impacts of the Strait of Hormuz remaining effectively closed due to the Iran war.
· Middleeasteye
Despite tensions, dozens of Israeli companies set to head to Eurosatory 2026
Over 30 Israeli companies are set to take part in France’s largest defense exhibition, Eurosatory, in June, despite Israel halting defense procurement with France and past bans on the Jewish state participating in weapons exhibitions in the European nation.
· ANNA AHRONHEIM
From islands to transport infrastructure: Dubai speeds up mega projects | The National
Construction on Palm Jebel Ali is gathering pace as Dubai also ramps up investment in its public transport network, bringing two major strands of the emirate’s development into focus.
· John Dennehy
VK Received $579M in Russian State Funds to Build YouTube Rival – Kommersant The allocation accounted for nearly 10% of the Digital Development Ministry’s total spending of $6.08 billion, Kommersant reported. 2 Min read
Russian internet giant VK received 43.5 billion rubles ($578.6 million) from the federal budget last year, according to Russia’s 2025 budget execution report cited by the Kommersant business daily, underscoring the Kremlin’s push to build state-backed alternatives to Western digital platforms.
· The Moscow Times
New rules won't stop me donating, says billionaire Reform backer
The British billionaire behind a record donation to Reform UK has insisted Sir Keir Starmer's planned crackdown on political finance will not stop him from giving money to the party.
· Joshua Nevett
Oman to build dedicated AI zone in economic diversification push | The National
Oman plans to build a new economic area centred on developing its artificial intelligence capabilities, as the sultanate steps up its technology sector to boost its economy.
· Alvin R Cabral
Japan Intervened In FX Market To Buy Yen
With Brent surging to a new post war high overnight, rising as high as $125 on fear of an imminent resumption of hostilities in Iran, which dragged yields higher, and also pushed the USDJPY above 160 for the first time since late March, overnight Japan made clear - again - it wouldn't take it any more, with the usua…
· Tyler Durden
Thousands wiped from Sydney and Melbourne house values as rates and oil start to bite
The nation’s property market was slowing even before the Reserve Bank’s second interest rate rise started hitting home buyers, new figures show, with thousands of dollars wiped from the value of houses in Sydney and Melbourne.
· Shane Wright
Why Big Tech stocks shouldn't rest on their laurels with oil and the Fed at play | The National
Technology heavyweights posted strong quarterly results, driven by AI-fuelled cloud demand, echoing the post-pandemic surge but raising questions over durability.
· Alvin R Cabral
Japan launches FX intervention, briefly pushing yen to 155 range
Finance Minister Satsuki Katayama issued a verbal warning about the yen's weakness on Thursday. (Nikkei montage)
· Staff Writer
Japan launches FX intervention, briefly pushing yen to 155 from 160
Finance Minister Satsuki Katayama issued a verbal warning about the yen's weakness on Thursday. (Nikkei montage)
· Staff Writer
Citi paid ex-JPMorgan banker $52M despite allegations of bullying, abusive behavior: report
A star banker was handed a staggering $52 million pay package by Citigroup just three days after being told he was out of a job at rival JPMorgan Chase — where he had faced years of complaints accusing him of abusive behavior, according to a bombshell report.
· Ariel Zilber
US economy grows 2% in January–March; Iran war clouds outlook
The economy also recovered from last autumn’s 43-day federal shutdown
· Associated Press
US economy grows 2% in January–March; Iran war clouds outlook
The economy also recovered from last autumn’s 43-day federal shutdown
· Associated Press
"Low Hire, No Fire": Jobless Claims Unexpectedly Plunge To Record Low
We have gone from a "low hire, low fire" economy to "AI chatbot hire, no fire." We joke, but really there is no other way to explain what is going on here: this morning the Dept of Labor reported that in the week ended April 25, jobless claims fell 26k to 189k (from an upward revised 215k), compared with median est.…
· Tyler Durden
Israeli army major charged with smuggling goods into Gaza | The National
Israel has charged a military officer for smuggling goods and an Israeli citizen into Gaza. His arrest came as part of continuing investigations into a suspected widespread operation that brought items into the besieged strip throughout the course of the Gaza war, fuelling a boom in the black market.
· Thomas Helm
LIV Golf to undergo 'strategic evolution' but can it survive without PIF funding? | The National
The writing has been on the wall for weeks. Despite LIV Golf officials putting on a brave face, insisting it was “business as usual”, the moment reports surfaced saying that Saudi Arabia’s Public Investment Fund (PIF) would pull its funding at the end of the 2026 season, the league’s very existence has been under th…
· Steve Luckings
US economic growth rebounds 2% as consumer spending slows amid Iran war
First quarter output, driven by AI investment and government spending, rose as oil shock fuels inflation fears
· Lauren Aratani
Core PCE Rises Most In 3 Years; Savings Rate Tumbles As Spending Far Outpaces Income
The Fed's favorite inflation indicator - Core PCE - rose 0.3% MoM in January (as expected), a dip from the 0.4% sequential increase in February, with YoY rising by 3.2% (also as expected), slightly higher than the 3.0% in Feb. That is the highest annual increase in Core PCE since Nov 2023.
· Tyler Durden
Tai Po fire: tendering system can’t stop firms manipulating market, inquiry hears
Urban Renewal Authority officials tell hearing that body lacks resources to combat bid-rigging linked to estates’ renovation projects
· Brian Wong
Tai Po fire: tendering system can’t stop firms manipulating market, inquiry hears
Urban Renewal Authority officials tell hearing that body lacks resources to combat bid-rigging linked to estates’ renovation projects
· Brian Wong
Shirley Temple’s secret wedding venue lists for $2.45M — because local churches wouldn’t host a ceremony for a divorcee
The California abode where the golden-curled sweetheart of Old Hollywood tied the knot is on the market in Monterey.
· Angela Serratore
Economic risks have 'intensified' since Iran war, says ECB
Risks to the eurozone growth and inflation outlook have "intensified" due to the war in the Middle East and its impact on global energy supplies, the European Central Bank warned on Thursday.
· Middleeasteye
Boaz Weinstein’s activist investor Saba seizes control of UK tech fund after bitter SpaceX feud
Saba Capital, the activist hedge fund led by Boaz Weinstein, has won a dramatic victory in its long-running campaign against the board of Edinburgh Worldwide Investment Trust.
· Hugh Leask