Bessent: Economic Growth Will Be Slower This Quarter Amid Iran War
U.S. Treasury Secretary Scott Bessent said on Wednesday that the economy will be slower this quarter amid the Iran war, but it is in good shape and will rebound, adding that oil prices do not appear to be weighing on inflation expectations. In an interview on CNBC,...
Read more …
Ken Griffin: Global Recession Certain if Hormuz Remains Shut
Citadel CEO Ken Griffin warned that the global economy would slide into recession if the Strait of Hormuz remains shut for an extended period, CNBC reports.
Read more …
Trump threatens to fire Powell if the Fed chair doesn't leave office on his own
Though most Fed chairs in the past have left after being replaced, Powell has demurred on what he plans to do.
Read more …
Delaware Loses Over $3 Trillion as Companies Flee to Texas, Other States
A tsunami of corporate departures continues to hit Delaware as more than 60 public companies with a combined market cap of over $3 trillion have quit the state in the past two years alone.
Read more …
U.S. says Hormuz blockade 'fully implemented,' while signaling diplomatic off-ramp for Iran
The White House has been signaling a diplomatic solution to the conflict in the Middle East, as discussions around continuing negotiations with Tehran are underway.
Read more …
Report: US to Allow Waiver on Iran Oil to Expire
The Trump administration will allow a 30-day waiver of sanctions on Iranian oil at sea to expire later this week, two administration officials told Reuters on Tuesday, as the U.S. imposes a blockade on shipments from Iranian ports.
Read more …