U.S. prepares for prolonged Iran conflict, Trump envoy tells FT
The United States is preparing for a potentially prolonged conflict with Iran, according to U.S. Ambassador to the UN Mike…
World News
Global economic and financial news — Federal Reserve decisions, geopolitical events, trade policy and macroeconomic data that move financial markets worldwide.
GM cancels supply deal with new US rare-earth magnet plant, triggering arbitration
General Motors has cancelled its long-term supply deal with Vacuumschmelze's South Carolina magnet plant, and the two sides are in…
OpenAI nears $30 billion funding round at $1.25 trillion valuation
OpenAI is reportedly negotiating a funding round of nearly $30 billion at a valuation of approximately $1.25 trillion. The talks…
Turkey’s central bank cuts key rate to 36% from 37%
The Turkish central bank cut its key rate by 100 basis points to 36% on Thursday, matching market expectations. It…
TS Lombard models a $20 trillion equity wipeout if the AI boom unravels
TS Lombard has modeled a potential $20 trillion decline in equity markets if the AI investment boom unravels alongside a…
