Oil Market Calm Shattered by Fresh Hostilities Between US and Iran
Oil prices are likely to remain volatile as long as the United States and Iran are unable to resolve the status of the Strait of Hormuz. Source link
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A Few Officials Signaled Support for Higher Rates at Warsh’s First Meeting
Minutes from Kevin M. Warsh’s first meeting as chairman revealed the extent of divisions at the central bank about the path for interest rates. Source link
William D. Zabel, High-Flying Lawyer and Civil Rights Champion, Dies at 89
He brokered celebrity divorces and recovered billions for victims of Bernie Madoff’s Ponzi scheme. But he was proudest of helping to legalize interracial marriage. Source link
Lawmakers Target the Power of Health Insurance Giants
UnitedHealth Group, CVS Health and Cigna are battling efforts to break up their control over prescription drugs. Source link
Air Canada Chooses a C.E.O. Who Speaks French After Language Backlash
Michael Rousseau, who prompted widespread criticism with a largely English condolence video following a crash in March, will retire. Source link
Global Economic Output Looks Slower for 2026, IMF Says
The I.M.F. projected world output growth would fall to 3 percent for the year, a number pushed down by high commodity prices. Source link
Trump Lashes Out at Spain: ‘Cut Off All Trade.’ Here’s Why That’s Unlikely.
A move against Spain would face political, legal and practical issues and probably provoke a wider trade war with the European Union. It could also roil markets. Source link
Jeff Bezos’s Blue Origin Nears a Big Fund-Raising Round
The rocket company founded by Jeff Bezos is set to take on external investors for the first time, at a $130 billion valuation. Source link
Oil Prices Jump After Trump Says Deal With Iran Is ‘Over’
Attacks on ships in the Strait of Hormuz sparked a new cycle of retaliation that could throttle the flow of energy from the region. Source link
Oil Prices Jump After Renewed Strikes in Gulf Put Shipping Recovery at Risk
Attacks on ships in the Strait of Hormuz sparked a new cycle of retaliation that could throttle the flow of energy from the region. Source link