Trump admin announces $20 billion reinsurance program for oil tankers during Iran war
Tanker traffic through the Strait of Hormuz remains at a standstill as the Iran war engulfs the region. Image: Andrew Neel / Pexels Source: CNBC
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Disney launches its Adventure cruise ship — a new foothold in Southeast Asia
The Disney Adventure sets sail from Singapore this month. The company’s global aspirations coincide with a sharp decline in international visitors to the U.S. Image: BoliviaInteligente / Unsplash Source: CNBC
‘No to war’: Spain PM hits back over Trump’s threats to cut trade over military base access
His comments come after the U.S. president pledged to cut off all trade with Madrid over its position on the Iran conflict. Image: Joe Brier / Unsplash Source: CNBC
Japan Post Insurance to Shift to High-Yield Bonds as Rates Rise
Japan Post Insurance Co. plans to sell holdings of lower-yielding government bonds and replace them with higher-yielding debt on expectations for further interest-rate hikes, according to its chief executive officer. Image: Vlad Deep / Pexels Source: Bloomberg
SEC Ends Case Against Crypto Billionaire Justin Sun
The US Securities and Exchange Commission will end its lawsuit against crypto billionaire Justin Sun. Image: Matheus Oliveira / Pexels Source: Bloomberg
Mortgages in 47 seconds: Better’s new ChatGPT app targets lenders Rocket and UWM
Creating a mortgage has been one of the most time-consuming corners of American finance, with lenders relying on dozens of steps that can take weeks. Image: Jakub Żerdzicki / Unsplash Source: CNBC
Trump’s New Tariffs Face Legal Challenge From States
President Donald Trump is facing a major legal challenge from a group of states that are planning to file a lawsuit over his order placing a 10% tax on goods entering the US after the Supreme Court struck down his earlier sweeping duties last month. Greg Stohr reports on Bloomberg Television. (Source: Bloomberg) Image: Pau…
As Trump declares inflation tamed, Iran conflict threatens new price pressures
The conflict involving Iran threatens another price spike that could undermine the president’s central case for lower interest rates. Image: Pixabay / Pexels Source: CNBC
Goldman Sachs AM Says Non-Payment in Private Credit Remains Low
Goldman Sachs Asset Management LP Global Co-Head of Private Credit James Reynolds said the private credit sector remains resilient, with few borrowers struggling to meet loan payments. Image: Leeloo The First / Pexels Source: Bloomberg
Trump’s Hormuz Assurances Only a Partial Fix, Shippers Say
President Donald Trump says the US will ensure the free flow of energy through the Persian Gulf with insurance guarantees and even naval escorts. But the shipping industry sees it — at best — as only a partial solution to a historic crisis. Image: Farshid Zabbahi / Pexels Source: Bloomberg