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Iran war is draining world’s oil buffer at an unprecedented pace
Morgan Stanley estimates global oil stockpiles dropped by about 4.8 million barrels a day between March 1 and April 25.
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UK moves warship to Middle East for potential Hormuz mission
HMS Dragon, a Type-45 warship capable of destroying guided missiles, is likely to form part of the UK’s offer for the defensive naval mission.
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Labour MP threatens Starmer with leadership challenge after election rout
Catherine West says she has 10 backers as deputy leader Lucy Powell warns challengers not to provoke a contest
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A federal judge weighing the future of a D.C. golf course doesn’t want to be Amy Poehler, but Trump might be interested as he remakes parks
Trump is guaranteeing himself a lasting imprint on a city where he won just 6.5% of the vote in 2024.
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Trump Media posts $405 million loss driven by crypto holdings
The parent company of Truth Social reported positive operating cash flow of $17.9 million and $2.1 billion in financial assets, which is triple from a year ago.
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The federal government must issue more debt than it expected as cash flow weakens, and ‘the bond market is shouting’
“In fact, analysts who have tracked the relationship between Fed policy and long-term yields going back to 1990 describe it as unprecedented.”
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Gordon Brown returns to Number 10 as global finance envoy
Some bemused Labour MPs say appointment is a curious response to Labour’s election drubbing
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The glory of low expectations
They are the key to happiness — and not a matter of choice