Oil prices drop and European stocks rise after Trump halts Iran attack
President Trump canceled a scheduled military strike on Iran following requests from regional leaders, according to a post on Truth Social.
Fresh coverage on the economy, markets, and the forces moving money.
President Trump canceled a scheduled military strike on Iran following requests from regional leaders, according to a post on Truth Social.
UK wage growth slowed to 3.4% in the first quarter of 2026 while youth unemployment reached its highest level since late 2014 at 14.7%.
Japan's annualized GDP grew 2.1% in the first quarter to beat estimates even as the Bank of Japan halved its full-year growth forecast to 0.5%.
The resource cold war has shifted power from markets to states as bottlenecks in energy and minerals drive inflation, industrial strategy, and defense planning.
President Donald Trump warned Iranian leadership to act quickly or face destruction, escalating geopolitical tensions in the Middle East.
China committed to buying at least $17 billion of American agricultural products annually through 2028 and will purchase 200 Boeing aircraft.
Rising energy costs pushed annual inflation to 3.8% in April, driving the 10-year Treasury yield to its highest level in nearly a year.
Intel shares rose 214.6% in early 2026, outpacing Nvidia as investors shifted focus from AI training chips to inference hardware.
President Trump warned Iran to act quickly as a U.S. blockade of Iranian ports and the closure of the Strait of Hormuz continue to stall regional diplomacy.
China committed to purchasing $17 billion of American agricultural products annually through 2028 and an initial 200 Boeing aircraft.
U.S. crude futures rose above $107 a barrel as 10-year Treasury yields climbed to 4.6% following President Trump's military warnings to Iran.
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