Kevin Warsh faces an economic ‘perfect storm’ as he waits to take over as Fed chair
Warsh faces a potential buzzsaw in the form of a Hobson’s choice between fighting inflation and supporting the labor market.
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Short sellers target Wizz Air as Iran war threatens to wipe out profit
Budget airline’s CEO says crisis is ‘more manageable’ than others after forecasting €50mn hit to its bottom line
Amazon leads record US corporate borrowing rush with $40bn bond sales
Issuance of around $60bn expected on Tuesday as companies take advantage of calmer markets
America has become an agent of chaos in world energy markets
A succession of US foreign policy choices has destabilised the oil industry
Gas prices pass $3.50 per gallon to highest level since 2024 amid U.S.-Iran war
Prices are up 21% from a month ago with the oil market roiled by the U.S.-Iran war.