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...
President Donald Trump said he'll lift US sanctions against Syria following the toppling of former President Bashar al-Assad, a boost to the war-ravaged country's ambitions of rejoining the international community. "I will be ordering the cessation of sanctions against Syria in order to give them a chance at greatness," Trump said in an address to a Saudi-US investment summit in Riyadh on Tuesday. "It's their time to shine." The US leader will go on to briefly meet Syria's new president, Ahmed al-Sharaa, in the Saudi capital on Wednesday, a White House...
United States (US) President Donald Trump hit the airwaves with a fresh round of commentary on a wide range of subjects on Tuesday. President Trump reiterated his intentions to treat trade balance as an imbalance that needs to be rectified in order for a country to reach maximum profitability, and also repeated his intentions to obtain questionably steep 'investment agreements' with individual companies. How these corporations are meant to invest directly in the US, outside of expanding regular operations that market share may not generate profitability from, remains unclear. Donald Trump...
Goldman Sachs has said it now sees a 35% chance of the U.S. entering a recession, down from a prior estimate of 45%, following an agreement between the U.S. and China that sparked hopes for an easing in recently intensifying trade tensions. In a note to clients, the brokerage also lifted its projection for U.S. gross domestic product growth this year by 0.5 percentage points to 1%. On Monday, Washington and Beijing announced that they had reached an agreement that would slash their sky-high respective tariffs on each other and pause the levies for 90 days. U.S. tariffs on China were...
The easing of trade tensions between the United States and China is a step in the right direction and helps reduce European fears of being flooded with Chinese goods redirected from the U.S. market, European Economic Commissioner Valdis Dombrovskis said. Speaking to reporters after a meeting of European Union finance ministers on Tuesday, Dombrovskis noted, however, that the reduction of tariffs after weekend talks in Switzerland was for 90 days and the tariff rates that remained were still high. "Obviously this easing of trade tensions between the U.S. and China is heading in the right...
The annual core consumer price inflation rate in the United States, which excludes volatile items like food and energy, stood at a four-year low of 2.8% in April 2025, unchanged from March and matching market forecasts. The shelter index, accounting for over two thirds of the total 12-month increase, was at 4%, matching March's reading. Increases were also seen for medical care (1%), motor vehicle insurance (+6.4%), education (+3.8%), and recreation (+1.6%). On a monthly basis, core consumer prices rose by 0.2% in April, up from the 0.1% increase in March, just below market expectations of...
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...