Attacks on vessels in the key oil transit chokepoint raise supply disruption risks amid no reported casualties or cargo losses. Iran fired at least two missiles at commercial ships transiting the Strait of Hormuz, striking two vessels and causing significant damage. No cre
ECB board member warns core inflation and gas prices remain elevated, leaving door open for further tightening despite market skepticism. European Central Bank board member Isabel Schnabel signaled a July rate hike remains possible, citing persistent core inflation and gas
Walmart reduces ground beef prices Walmart plans to lower the price of ground beef and other items. The price reduction is expected to impact consumers and the retail market. The move may influence consumer spending and grocery sales.
Dispute over Bitcoin reserve authority delays plan A dispute between US agencies is holding up the planned Strategic Bitcoin Reserve. The reserve, worth over $20 billion, is a key part of the government's Bitcoin holdings. The Justice Department is working to fin
Trump claims Walmart will reduce ground beef prices, potentially easing inflation concerns ahead of Fed policy decisions. Former President Trump announced via social media that Walmart will lower ground beef prices, a move that could influence inflation expectations. The F
War strengthens case for renewables and storage The Iran conflict has significant investment consequences. The engineering, infrastructure, and construction firms that repair damage and munitions manufacturers that replace equipment are likely winners. Oil pric
Lacklustre routes to capital mean UK biotechs are struggling to grow as fast as international rivals, according to the British BioIndustry Association (BIA). In an industry roundtable with representatives from British biotechs, access to finance was highlighted as the most
A Treasury draft report highlights potential economic fallout if AI valuations collapse like the dotcom bubble two decades ago. The U.S. Treasury has warned in a draft report that the artificial intelligence sector could pose significant economic risks if it follows the tr
China's EV market has become one of the most brutally competitive automotive environments on earth. Domestic brands are fast, aggressive on price, and deeply familiar with local consumer preferences For a foreign automaker trying to hold ground there, the math gets
Islamabad shifts trade flows away from Afghanistan, launching direct corridors to Kyrgyzstan through Iran and China under TIR regime. Pakistan has activated new overland trade corridors to Central Asia, bypassing Afghanistan entirely. The first export shipment under the TI
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