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Donald Trump paused planned strikes on Iran for five days after “productive” talks. Iran claimed Trump “backed down,” while Brent crude fell sharply below $100. PM Modi said the Middle East war has created unprecedented challenges for India. A second suspected “zombie ship” was reported crossing the Strait of Hormuz. Indian markets crashed as oil…
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Chicago Federal Reserve President Austan Goolsbee said Monday that he’s more worried about inflation now than he is unemployment, even with apparent progress made on the war with Iran. In a CNBC interview, the central banker said policymaking is difficult in the current environment. He spoke shortly after President Donald Trump announced that progress had…
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BlackRock Chairman and CEO Larry Fink used his annual letter to shareholders to argue that digital assets and tokenization could help update the financial system, even as he warned that the U.S. economic model is leaving too many people behind. In the letter, Fink said the current system has delivered most of its gains to…
