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April 16, 2026 — 5:00am
A real estate–focused social media influencer, or “finfluencer,” who promised his followers huge profits and financial freedom has learned his fate after pleading guilty to tax and wire fraud.
Nearly two dozen New York clean energy projects are likely to get scrapped because the financial math doesn’t add up — though the state powers that be don’t want to admit that it never did.
Countries affected by the Iran war should prepare for conflict-related disruptions to last for months, even if the current shaky ceasefire lasts and the Strait of Hormuz is reopened, World Bank President Ajay Banga said Wednesday.
U.S. derivatives regulators are examining a handful of unusual oil futures trades that took place minutes before a surprise announcement by President Donald Trump signaling a pause in attacks on Iran, according to Bloomberg News.
A century-old Palm Beach waterfront palace, pulled back from the brink of irreversible flood damage, hit the market again this week for $157 million.
The global economy is about to feel the full economic impact of the Iran war, Qatar's finance minister said on Wednesday, but he added that his country's finances would be able to ride out the problems for at least a year.
Defence Minister Richard Marles says an increase in military spending is necessary given the shift in the global environment. Source: AAP / Dita Alangkara
Tesla stock rose more than 6% on Wednesday after UBS analysts upgraded their rating on the stock from sell to hold, and increased their price target by about a dollar to $352.
Iran quietly secured a Chinese spy satellite in late 2024 and used it to track US military bases across the Middle East during the current war, the Financial Times has newly - an allegation Beijing has flatly and angrily denied.
WASHINGTON — President Donald Trump renewed pressure Wednesday on Federal Reserve Chair Jerome Powell, with the US leader threatening to fire the central bank chief if he stays beyond his mandate.
The Bank of America logo is seen on a branch office, Oct. 14, 2022, in Boston. (AP Photo/Michael Dwyer, File)
This November, Massachusetts voters may be asked to approve a state income tax cut from 5% to 4%. Supporters say the tax cut would give the state a competitive edge, boost the economy and improve affordability. But opponents, including four New Bedford lawmakers, argue it could put public programs at risk and threat…
Saudi Arabia’s Public Investment Fund will direct about 80 per cent of its $925 billion portfolio into domestic investments under its new five-year strategy, scaling back international exposure to 20 per cent from a peak of 30 per cent.
Morgan Stanley posted record first-quarter revenue on Wednesday and a 29% jump in profit as its trading desks cashed in on Wall Street’s volatile start to the year.
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Eos Energy Enterprises’ stock jumped over 60% in the last few days as investor enthusiasm grew around its scaling production and role in powering AI-driven infrastructure demand, according to the International Business Times.
The Iran war is starting to show up in the U.S. economy in ways both obvious and not so much, with soaring energy costs leading the impact and potential hits on broader growth simmering beneath the surface.
In the rolling hills of the occupied West Bank, a group of children sat and waited on Monday alongside the newly erected fence as their parents and leaders in their village, Umm al-Khair, demanded their passage. They were met by plumes of tear gas and the blasts of sound grenades hurled downhill from a nearby Israel…
The BBC has announced it will cut between 1,800 and 2,000 jobs - or almost one in 10 - in an attempt to tackle "significant financial pressures".
President Vladimir Putin on Wednesday demanded explanations from the government and Central Bank over why Russia’s economy is performing worse than expected this year, calling for urgent measures to revive growth in his second public complaint about economic weakness in a month.
If a full naval blockade of Iran proves successful, it would, on the one hand, increase the immediate risk of war between Iran and the United States - potentially drawing in all countries in the region - and, on the other, trigger an unprecedented crisis in the global economy, particularly affecting China.
President Donald Trump said that the war in Iran may soon come to an end, even with the U.S. military now several days into a blockade at the Strait of Hormuz and oil prices continuing to roil the global economy.
The head of the International Monetary Fund warned on Wednesday that the world must prepare for a major economic hit should the Iran conflict continue to disrupt energy supply chains.
OpenAI, fresh off the largest private fundraising round in history, is facing mounting questions from some of its own backers over its $852 billion valuation and a whiplash-inducing pivot in strategy that prioritizes the higher-margin enterprise market at the expense of its consumer crown jewel - all because Anthrop…
The American military depleted its entire stock of untested Precision Strike Missiles (PrSM) early in its attack on Iran last month, a US Army official has said.
The International Monetary Fund remains stuck in a situation where the biggest concern about inflation is wages
Former US Treasury secretary, in Hong Kong, discusses China’s ‘serious conflicts’ with other economies in trade, while warning of decoupling risks
Former US Treasury secretary, in Hong Kong, discusses China’s ‘serious conflicts’ with other economies in trade, while warning of decoupling risks
This year's IMF and World Bank Spring Meetings in Washington are unlike any in recent memory. The Iran war has given the annual gathering a geopolitical charge that has drawn an unusually broad crowd, not just the traditional ministers of trade, investment and finance, but foreign policy officials and venture capita…
GUANGZHOU, China, April 15, 2026 /PRNewswire/ -- Since its 2025 global debut, the AION UT has rapidly gained traction across Southeast Asia, South America, and Europe. In Q1, it delivered over 2,400 units in Thailand—securing a Top 3 position in the electric hatchback segment and surpassing 2,500 orders at the Bangk…
The World Bank Group has launched a global platform, Water Forward, alongside major multilateral development banks and financial institutions, in a bid to improve water security for up to 1 billion people by 2030 and unlock investment into a sector it says underpins economic growth and jobs.
Following stellar equity trading results from Goldman and JPMorgan, this morning Bank of America reported that its traders also pulled in the business’s highest quarterly revenue in more than a decade, riding a wave of volatility that pushed the firm’s stock-trading desk to an all-time record. Bank of America said Q…
Péter Magyar’s stunning victory in Hungary is a boost for liberal democracy. But don’t bank on similar upsets in upcoming European elections
Powell’s stint as the leader of the central bank expires in May, but his term on Board of Governors does not end until 2028
Powell’s stint as the leader of the central bank expires in May, but his term on Board of Governors does not end until 2028
Just when you thought you’d seen the last of the AI pivot idiocy…
While US Treasury Secretary Scott Bessent said China is stockpiling crude amid the Iran war, the numbers suggest Beijing is facing a supply crunch
While US Treasury Secretary Scott Bessent said China is stockpiling crude amid the Iran war, the numbers suggest Beijing is facing a supply crunch
Conflict is pushing up price of energy and food, fuelling higher borrowing costs and hitting growth, report says
Allbirds made a surprising announcement Wednesday that it is pivoting to artificial intelligence.
Flexible growth target means little likelihood of imminent stimulus, but focus will switch to impact of disruptions in second quarter
Flexible growth target means little likelihood of imminent stimulus, but focus will switch to impact of disruptions in second quarter
Piotr Serafin says EU remains open to capital from city and mainland China despite pursuing a ‘de-risking strategy’ in certain key sectors
Piotr Serafin says EU remains open to capital from city and mainland China despite pursuing a ‘de-risking strategy’ in certain key sectors
US equity futures are flat following yesterday’s rally as market awaits news on the Iran war resolution and as we traverse earnings season. As of 8:15am ET, S&P 500 futures are little changed after the benchmark closed within a whisker of a record. Risk sentiment took a small knock in recent trade after Iran caution…
The new strategy to be unveiled by Richard Marles will see defence spending rise to about 2.4% of GDP – but US president has urged allies to spend 3.5%