Economy

  • Trump-backed bill pushes $10.7B tax break for private credit funds

  • Economic indicators point to a recession as Fed chair Powell heads to the Hill

  • U.S. House bans WhatsApp on congressional devices over security concerns

  • Oil drops as markets see Iran’s strikes in Qatar and Iraq as de-escalation trigger

  • Trump Media’s $400M stock repurchase gets board approval

  • China will quietly benefit if Hormuz shuts down – Here’s why

  • Fed’s Bowman sides with Waller in calls for July rate cut, defying chair Powell

  • Trump rallies oil markets after Hormuz disruptions, asks everyone to ‘keep oil prices down’

  • Eurozone business activity stalls in June

  • Asian central banks go hands-off on currency intervention, US ramps up monitoring

  • Putin is too broke to bail out ally Iran after Ukraine war drained Russia’s economy

  • Spain opts out of NATO’s 5% defense spending goal

  • Federal Reserve will hike rates now, not cut as oil price rally is expected to drive inflation high

  • Iran shuts Strait of Hormuz, halting 20% of global oil flow in retaliation to U.S. airstrikes

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  • Markets head into a complicated week as Iran slams Hormuz Strait shut

  • ECB must pump more money into eurozone now, Centeno says

  • Switzerland still jumping into forex despite America’s increased scrutiny

  • Stock market’s next move depends on what the Fed still doesn’t know

  • What a new Iran regime could mean for oil prices

  • 95% of central banks predict a massive surge in global gold holdings

  • Japan scraps US trade and diplomacy meeting over defense spending

  • US stocks end in the red for third day as Fed’s July rate cut promise fails to calm Middle East jitters