The profits boom is a mixed blessing
The Kalecki-Levy equation suggests some awkward trade-offs for the US government and markets
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Iran declares new Hormuz route ‘unacceptable and dangerous,’ warns against ships transiting without approval
The stern warning underscores Tehran’s resolve to retain control over the Strait of Hormuz and to resist transits that bypass its authorization.
Oil price back at prewar levels as Gulf flows pick up
Brent crude drops below the $72.48 a barrel it traded at in late February before Iran conflict erupted
Bain Capital to buy majority stake in VW’s marine engine unit in €7.4bn deal
Private equity firm sees off bids from rivals as German carmaker looks to cut costs and debt
US banks would lose $700bn in economic crash, Fed stress tests find
JPMorgan and Goldman Sachs boost dividends after receiving pass marks
Bitcoin hits 20-month low as market sentiment sours
Price of world’s most actively traded digital asset falls below $60,000 amid shift by retail investors to AI-related stock bets