Finance
The latest in finance, ranked by importance and recency.
Ballota / Wikimedia (CC BY-SA 4.0)USS George H.W. Bush Carrier Strike Group Sails Around Africa to Avoid Houthi-Controlled Waters
The USS George H.W. Bush and its escorts are taking an extended route around the southern tip of Africa to reach the Persian Gulf. This path bypasses the Strait of Gibraltar, the Mediterranean Sea, and the Red Sea, including the Bab el-Mandeb Strait. The decision avoids areas con…
Washington ExaminerRep. Eric Swalwell Suspends California Gubernatorial Campaign Amid Sexual Assault Allegations
Rep. Eric Swalwell suspended his campaign for California governor on Sunday evening following allegations of sexual assault and misconduct. The Manhattan District Attorney's Office is investigating a claim of assault in New York City in April 2024. Swalwell denied the allegations…
שלמה רודד / Wikimedia (CC BY 2.5)Hezbollah Leader Urges Lebanon to Reject US-Led Talks with Israel
Naim Qassem, leader of Hezbollah, called on Lebanese officials to reject US-led peace talks with Israel scheduled for Tuesday in Washington. He delivered the statement in a televised speech on the eve of the meeting, demanding cancellation of the negotiations. The remarks come am…
fortune.comUK Energy Price Cap Forecast to Rise by £258 from July 1 Amid Support Initiatives
The Ofgem price cap is projected to increase by £258 to £1,899 annually starting July 1, according to Uswitch predictions based on EDF and E.ON Next data. Cornwall Insight analysts forecast a potential rise to £1,929. Energy suppliers including OVO, Octopus Energy, E.ON Next, and…
csmonitor.comIran War Deepens Gulf Arab Distrust of Israel Amid Failed Peace Talks and Ceasefire
A tentative ceasefire holds between the United States and Iran following failed peace talks in Pakistan, but the conflict has strengthened Gulf Arab ties with regional partners while increasing distrust toward Israel. Gulf states report infrastructure damage from retaliatory stri…
washingtontimes.comPresident Trump Receives McDonald's Delivery from DoorDash Driver Sharon Simmons at White House
President Trump received a McDonald's delivery from DoorDash driver Sharon Simmons outside the Oval Office on April 13, 2026. Simmons, who benefited from a tax provision in the One Big Beautiful Bill, discussed her $11,000 tax refund with Trump during the encounter. Trump tipped…
Walter Siegmund (talk) / Wikimedia (CC BY 2.5)OPEC Lowers Q2 2026 Global Oil Demand Forecast Amid Iran War
OPEC has reduced its global oil demand forecast for the second quarter of 2026 to 105.07 million barrels per day, down from 105.57 million barrels per day. The organization attributed the revision to the Iran war. OPEC+ crude production averaged 35.06 million barrels per day in M…
zerohedge.comU.S. Existing Home Sales Decline 3.6% in March 2026, Below Consensus Estimate
U.S. existing home sales fell 3.6% month-over-month to a seasonally adjusted annual rate of 3.98 million units in March 2026, according to the National Association of REALTORS. The median existing-home price rose 1.4% year-over-year to $408,800. Housing inventory increased to 1.3…
variety.comU.S. Judge Dismisses Trump's Defamation Suit Against Wall Street Journal Over Epstein Letter Report
A federal judge in Florida dismissed President Donald Trump's defamation lawsuit against the Wall Street Journal and related parties over a 2025 report on a purported birthday letter to Jeffrey Epstein. The ruling cited insufficient allegations of actual malice and special damage…
breitbart.com (News photo)One Year After Tariff Announcement, Supply Chains Shift to Vietnam Amid New Levies
The one-year anniversary of the tariff plan known as Liberation Day has prompted new tariffs on pharmaceuticals and metals. Analysis of customs data indicates manufacturing has moved from China to Vietnam. Sources report mixed outcomes, including inefficiencies and job losses.
United States Senate / Wikimedia (Public domain)FedEx CFO John W. Dietrich to Step Down After Freight Division Spinoff
FedEx Corporation's Chief Financial Officer John W. Dietrich will step down on June 1, coinciding with the completion of the company's planned spinoff of its freight division. Dietrich will remain with FedEx until July 31. The spinoff aims to create a standalone freight company.
U.S. Air Force USAFE by Tech. Sgt. Alexandra Longfellow / Wikimedia (Public domain)German Government Announces Fuel Duty Cuts Amid US-Iran War and Lebanon Conflict
The German government stated it will reduce gasoline and diesel duties by 17 cents per liter for two months to ease the impact of the US-Iran war on consumers. This measure aims to cushion rising fuel prices. Separately, German officials called for an end to the conflict in south…
Kidfly182 / Wikimedia (CC BY 4.0)Goldman Sachs Shares Drop After First-Quarter Earnings Report
Goldman Sachs reported first-quarter net income of $5.63 billion and revenue of $17.23 billion, surpassing analyst estimates. Shares plunged more than 4% at the open on Monday before dropping roughly 2% intraday. CEO David Solomon stated the firm delivered strong performance amid…
Omid Vahabzadeh / Wikimedia (CC BY 4.0)Iran's Foreign Minister States Progress Made in US Talks Before Failure Due to Changing Demands
Iran's Foreign Minister Araghchi released a statement following intensive peace talks with the US this weekend, noting progress on several issues. He attributed the failure to reach an agreement to Washington's continuous changes in demands. The talks marked the highest-level eng…
Ali khodabakhsh / Wikimedia (CC BY 3.0)Oil Tankers Turn Away from Strait of Hormuz Amid US Enforcement Action
At least two oil and chemical tankers turned away from the Strait of Hormuz on Monday after the United States moved to enforce a naval blockade, according to maritime tracking data. One vessel, the Malawi-flagged M/T Rich Starry, was bound for China with oil from the United Arab…
Diliff / Wikimedia (CC BY 2.5)U.S. Stock Indexes Open Lower on Monday with Mixed Sector Performance
Major U.S. stock indexes declined at the market open on Monday, April 13, 2026. The Dow Jones Industrial Average fell 0.79% to 47,537.73, while the S&P 500 and Nasdaq also posted losses. Goldman Sachs reported first-quarter earnings that exceeded analyst estimates.
Ali khodabakhsh / Wikimedia (CC BY 3.0)Access Restrictions Enforced on Iranian Ports Starting April 13, 2026
The United Kingdom Maritime Trade Operations center has issued an advisory confirming access restrictions on Iranian ports effective from 1400 UTC on April 13, 2026. The measures affect the entire Iranian coastline, including ports and energy infrastructure, and apply to vessels…
Justin Bieber Headlines Coachella 2026 with 90-Minute Set Featuring Memes and Acoustic Tracks
Justin Bieber headlined Coachella on Saturday in Indio, California, marking his first such performance since his 2022 Justice World Tour. The 90-minute set included acoustic versions of tracks from his 2025 albums 'Swag' and 'Swag 2', karaoke-style older hits, and segments search…
GB NewsDutch RDW Approves Tesla FSD Supervised for All Roads in Netherlands, Seeks EU-Wide Approval
The Dutch RDW has approved Tesla's Full Self-Driving Supervised system for use on all roads in the Netherlands following over 18 months of tests. The agency notified the European Commission of plans for EU-wide approval and stated the technology contributes positively to road saf…
Architect of the Capitol / Wikimedia (Public Domain)Senate Banking Panel Receives Ethics Filing from Warsh, Awaits Questionnaire
The Senate Banking Panel has received the ethics filing from Warsh, according to Politico. The panel is still awaiting Warsh's questionnaire, which must arrive this week. Warsh's hearing is scheduled for next week.
StatRevolution Medicines' Daraxonrasib Succeeds in Phase 3 Trial for Pancreatic Cancer
Revolution Medicines announced that its targeted pill daraxonrasib met primary and secondary endpoints in a Phase 3 trial for metastatic pancreatic cancer patients. The drug extended median survival to 13.2 months compared to 6.7 months with chemotherapy and reduced the risk of d…
Diliff / Wikimedia (CC BY-SA 3.0)Goldman Sachs Reports Q1 2026 Revenue of $17.23 Billion, Beating Estimates
Goldman Sachs reported first-quarter 2026 revenue of $17.23 billion, exceeding analyst estimates of $16.97 billion. Earnings per share came in at $17.55, above the expected $16.49. The firm also announced a quarterly dividend of $4.50 per common share.
abcnews.go.comUS Military Announces Blockade of Iranian Ports Starting April 13
US Central Command announced a naval blockade of all maritime traffic entering and exiting Iranian ports, set to begin on April 13 at 10 a.m. ET. The measure targets all vessels impartially. Energy markets may react to the restrictions on port activity.
CnbcOpenAI Announces Permanent London Office with Capacity for Over 500 Employees
OpenAI announced plans to open its first permanent office in London, with a capacity for over 500 team members, starting in 2027. The company signed a lease for an 88,500 square foot space at Regent Quarter. OpenAI currently employs around 200 people in London across various role…
cnbc.comOpenAI Revenue Chief Addresses Microsoft Partnership Limits in Internal Memo
OpenAI's chief revenue officer Denise Dresser sent a memo to staff on Sunday highlighting limitations of the company's Microsoft partnership in serving enterprise customers via Amazon's Bedrock platform. The memo follows OpenAI's February partnership announcement with Amazon, ami…
Satheesh Sankaran / Wikimedia (CC BY 2.0)MicroStrategy Acquires 13,927 BTC for $1 Billion Between April 6 and 12
MicroStrategy purchased 13,927 bitcoin for $1 billion at an average price of $71,902 per BTC from April 6 to April 12. The company now holds 780,897 BTC valued at $55.35 billion, with an average purchase price of $75,577. This acquisition results in an unrealized loss of $3.67 bi…
Shirlyvalt / Wikimedia (CC BY-SA 4.0)Tiger Global Management Leads Funding Round for PopUp Bagels at $300 Million Valuation
Tiger Global Management has led a new funding round for PopUp Bagels, valuing the viral bagel chain at $300 million. The investment supports the company's growth following its social media-driven pop-up launches. PopUp Bagels built its reputation through long lines at limited loc…
CnbcUS Pre-Market Movers Show Declines in Major Indices and Stocks
US pre-market trading indicated declines in key indices, with the S&P 500 futures down 0.7%, Nasdaq 100 futures down 0.7%, and Russell 2000 futures down 1%. Several Magnificent Seven stocks fell between 0.3% and 1.4%, while one financial stock dropped 3.2% due to light revenue an…
Calistemon / Wikimedia (CC BY-SA 4.0)Global Energy Prices Rise Sharply with Crude Oil Up 8 Percent
US crude oil prices increased 8 percent to $104 per barrel. Brent crude oil prices also rose 8 percent to $103 per barrel. European gas prices climbed 9.2 percent to $47.7, according to data from spectatorindex.
fortune.comHungarian Voters End Viktor Orbán's 16-Year Rule in Election Defeat
Péter Magyar's Tisza party secured a strong mandate in Hungary's parliamentary election, defeating Viktor Orbán's Fidesz with preliminary results showing 138 seats to Fidesz's 55. The election saw a 79.5% voter turnout, the highest in democratic Hungary's history. Orbán congratul…
Trade Forex & CFD / Wikimedia (CC BY-SA 4.0)Trader Opens 25x Leveraged Short Position on 6,700 ETH at $2,209.38 Entry Price
A trader with address 0x3386 opened a 25x leveraged short position on 6,700 ETH at an entry price of $2,209.38 late Sunday on Hyperliquid. The position, valued at $14.71 million, has a liquidation price of $2,218.7. The trader's account balance fell from $1.23 million to $545,584…
Official Navy Page from United States of America MC2 Robert Winn/U.S. Navy / Wikimedia (Public domain)US Official Threatens 50% Tariffs on Nations Supplying Arms to Iran, Including China
A US official stated that countries supporting Iran with military equipment, including China, would face 50% tariffs on their products. The comment came in response to a question about potential trade measures. Beijing has responded to related tariff threats, prompting efforts to…
Saffron Blaze / Wikimedia (CC BY-SA 3.0)Canada's Liberal Party Poised to Win Two Byelections in Minority Government Context
Three special elections took place in Canada on Monday. The Liberal party is positioned to secure at least two closely watched byelections. Prime Minister Mark Carney leads a minority government.
fortune.comPeace Talks Between US and Iran Collapse Over Strait of Hormuz Issues
Peace talks between the United States and Iran ended without agreement over the weekend. The talks involved discussions on the Strait of Hormuz, where Iran has placed mines. Following the collapse, the US military initiated operations to address the mines in the strait.
Dirk Beyer / Wikimedia (CC BY-SA 3.0)EU Official States Hungary Returns to European Path
An EU official announced that Hungary has chosen Europe and returned to its European trajectory. The statement indicates the union grows stronger as a result. The remarks were made in the context of Hungary's recent actions aligning with EU policies.
WAFA (Q2915969) in contract with a local company (APAimages) / Wikimedia (Public domain)Israeli Airstrike Hits Southern Lebanon Town Amid Regional Tensions
An Israeli airstrike targeted the town of Sarafina in southern Lebanon's Sour district. The attack occurred ahead of scheduled talks between Lebanon and Israel in the United States. Funerals in nearby Sidon revealed widespread grief among residents and uniformed personnel.
Muhammad Mahdi Karim / Wikimedia (GFDL 1.2)Iranian President Discusses Nuclear Agreement Readiness in Call with Russian Counterpart
Iran's president stated during a phone call with Russia's president that Iran is ready for a balanced and fair agreement ensuring stable peace and security. Iranian state media reported the comments, emphasizing the potential for an agreement if the US returns to international la…
Tech Firms Convert Missile Silos and Mines into Data Centers Amid Fears of World War
Technology companies are repurposing missile silos and abandoned mines into secure data centers. This development coincides with Americans moving to survival camps. The trend reflects rising concerns over potential global conflict.
U.S. Navy photo by Mass Communication Specialist 2nd Class Kenneth G. Takada / Wikimedia (Public domain)United States Announces Naval Blockade of Strait of Hormuz
The United States has ordered its navy to begin blockading all ships entering or leaving the Strait of Hormuz, effective immediately. The announcement follows a meeting where most points were agreed upon, but a key nuclear issue remained unresolved. This action targets maritime t…
DXR / Wikimedia (CC BY-SA 4.0)ECB's T2S Night Settlement Starts with Delay Before Resolution and Normal Operations
The European Central Bank's T2S night settlement process began with a delay due to an issue. The problem was resolved, and the system is now operating normally. These developments were reported by the ECB.