Business Update

Rising energy costs and concerns about inflation have helped lift borrowing costs for a home mortgage for the third consecutive week. Source link

Treasury Secretary Scott Bessent said removing sanctions on Iranian oil would lower global prices. Source link

Boston Scientific announced multiple recalls but has said its battery issues were limited. One internal test in 2025 found batteries with an “extremely high failure rate.” Source link

Two prominent lawmakers wrote to the White House and Mr. Kushner after The New York Times revealed private fund-raising efforts by President Trump’s envoy in the region. Source link

Traders now expect Europe’s central bankers to raise rates this year to address a sharp increase in inflation because of higher energy prices. Source link

The changes, long sought by bank lobbyists, would reduce the capital banks must hold in reserve to mitigate risks. Source link

Pop Mart and Sony announced on Thursday that they were developing a feature film about the fuzzy trinkets. “It’s completely ruthless marketing,” one expert said. Source link

Executives for high-end brands worry that a prolonged war will hurt sales in a city important to the future of the luxury industry. Source link

Jerome H. Powell, the Fed chair, wants to keep the central bank’s policy options open as officials stare down another economic shock that threatens to stoke inflation and crimp growth. Source link

The trade organization said that a slowdown in trade in 2026 could become even more extreme if the war in the Middle East persists. Source link