Defence stocks drop despite US-Iran war
Meta said it would boost its spending on AI this year, and Jay Powell says he will stay on as a Federal Reserve governor once his term as chair ends. Plus, the special relationship between the UK and ...
30 Apr 12min
Life under Iran’s digital blackout
Federal regulators launched a probe into all Disney-owned TV stations after a late-night comedian made a joke about First Lady Melania Trump, and emerging market stocks have recovered all of their los...
29 Apr 12min
Private equity deals where the seller is also the buyer
The number of countries cutting energy taxes in response to the Iran war has doubled over the past month, and China blocked Meta’s $2bn purchase of the AI group Manus. Plus, big private equity backers...
28 Apr 11min
Senior Republican clears path for next Fed chair
Alleged Trump shooter is set to be charged in federal court Monday, Republican Senator Thom Tillis said he will allow confirmation of Fed nominee Kevin Warsh to proceed, and the world’s leading centra...
27 Apr 11min
BP’s major setback
Meta will cut 10% of its staff next month, BP suffered a heavy defeat at its annual shareholder meeting, and the Paramount–Warner Brothers Discovery deal is one step closer to being sealed. Plus, the ...
24 Apr 13min
The AI digital divide
Tesla’s profits rebounded from last year’s lows, Brent crude jumped back above $100 a barrel on Wednesday after Iran’s navy said it seized two commercial ships in the Strait of Hormuz, and China’s new...
23 Apr 12min
Senators grill Kevin Warsh in Fed chair hearing
US President Donald Trump extended the ceasefire with Iran until talks conclude, and Federal Reserve chair nominee Kevin Warsh sidestepped accusations that he would succumb to pressure from Trump to c...
22 Apr 12min
