Renewed tensions between the United States and Russia have resurfaced following an incident involving an oil tanker, sparking market concerns about potential disruptions to global energy supplies. Washington's move, associated with tightening oversight and enforcement of sanctions on Russian oil shipments, is viewed by Moscow as provocative and could worsen relations between the two countries. Russia views these actions as an attempt by the United States to suppress Russian energy exports and strengthen its dominance in the global oil market. Meanwhile, Washington argues that these measures...
U.S. President Donald Trump and British Prime Minister Keir Starmer on Thursday announced a limited bilateral trade agreement that leaves in place Trump's 10% tariffs on British exports, modestly expands agricultural access for both countries and lowers prohibitive U.S. duties on British car exports. The preliminary deal is the first of dozens of tariff-lowering deals that Trump expects to land in coming weeks after upending the global trading system with steep new import taxes aimed at shrinking a $1.2 trillion U.S. goods trade deficit. Trump hailed the deal in the Oval Office with...
Initial jobless claims fell by 13,000 to 228,000 in the week ended May 3, the Labor Department said Thursday. That's a return to recent trends. Despite uncertainty over trade policy, companies are not moving to cut cuts through layoffs. Economists polled by The Wall Street Journal had estimated new claims would fall by 11,000 to 230,000. This is breaking news. Check back for updates here. BX:TMUBMUSD10Y SPX -Greg Robb This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street...
Pakistan shot down 12 drones from India that violated its airspace, the military said on Thursday, a day after Indian strikes on multiple targets in the country fanned fears of a larger military conflict between the nuclear-armed neighbours. India sent Israeli Harop drones to multiple locations, including the two largest cities of Karachi and Lahore, and their debris is being collected, Pakistan military spokesperson Ahmed Sharif Chaudhry said. "Indian drones continue to be sent into Pakistan airspace...(India) will continue to pay dearly for this naked aggression," he said. India's...
Quoting the Chinese Embassy in the United States (US), the highly influential Chinese media Global Times said early Thursday (08/05) that Beijing is unlikely to lower tariffs before talks in Switzerland begin. Key quote "When asked to comment on the US statement that the US will not lower tariffs before negotiations begin and implying that the talks were not initiated by the US side, following China's recent announcement of upcoming talks with the US side, a spokesperson for the Chinese Embassy." "Second, China consistently resolutely opposes the abuse of tariffs by the US. China will...
India and Pakistan on Wednesday exchanged military strikes for the sixth time since 1947, when Britain withdrew from the subcontinent and both countries gained independence. In that time, both countries have acquired nuclear weapons, simultaneously raising the stakes of any conflict while limiting how far tensions can escalate. That dynamic appeared to be playing out in the latest clashes over the disputed region of Kashmir, with both governments on Wednesday stressing the non-escalatory nature of their actions even as Pakistan warned that more was likely to come. But while militarily both...
Asian stock markets fell in unison on Thursday, following Wall Street's decline. A brief rally in tech stocks led by Nvidia quickly faded, prompting investors to turn away from riskier assets like...
European stock indices closed marginally lower on Wednesday as equities took a breather from their recent strong momentum, while investors continued to assess the outlook for the ECB's policy this...
The upcoming Supreme Court ruling on the legality of President Donald Trump's massive tariffs, which rocked markets in April, is one of the next major tests for US stocks and bonds.
Equity markets...