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Secretary of Treasury Scott Bessent testifies during a during a Senate Appropriations Subcommittee on Financial Services and General Government hearing on the Treasury Department’s 2027 budget request in Washington, DC on April 22, 2026.Nathan Posner | Anadolu | Getty ImagesTreasury Secretary Scott Bessent on Friday defended the possibility of the U.S. participating in currency swaps with allies in the Persian Gulf and Asia who are seeking financial backstops due to the Iran war.Discussions with those countries about U.S. dollar swap lines “are part of ongoing, routine conversations that @USTreasury has been having with our partners over a number of years,”…
This report is from this week’s The Tech Download newsletter. Like what you see? You can subscribe here.The week kicked off with major news that Apple’s chief Tim Cook will step down this year, with Senior Vice President of Hardware Engineering John Ternus taking over as CEO in September. Cue tech and political leaders praising the outgoing Cook, who’d presided over a more than 20-fold increase in market cap at the tech giant since taking over from the late Steve Jobs in 2011.But what does the change in leadership say about where Apple’s going in the coming years?I caught up with CNBC’s…
Some “simple math” indicates that oil prices need to rise to balance out the huge supply disruption triggered by the Iran war, JPMorgan analyst Natasha Kaneva wrote in a note this week. Brent oil futures prices have averaged around $100 in April, while the spot price for the delivery of actual cargo has hovered closer to $121 per barrel. Neither are high enough to dampen demand to levels that would balance out the oil supply gap, according to Kaneva. The supply disruption stands at 13.7 million barrels per day (bpd) in April, Kaneva said. Saudi Arabia and the United Arab…
U.K. stocks lower at close of trade; Investing.com United Kingdom 100 down 0.74% Source link
For a decade, NASA promoted the idea of building a space station around the Moon known as the Lunar Gateway. It touted the facility as both a platform for exploring the lunar environment and testing the technology needed for deep-space habitation. Like many major space projects, it faced delays. Originally, the first component of the space station was due to launch in 2022. Later, it was decided that this module, to provide power and propulsion, would launch in tandem with a habitable volume known as the Habitation and Logistics Outpost (HALO) in 2024. This core was slated to be joined by…
An internal Pentagon document reportedly raised the prospect of a change in position in retaliation for the UK not joining the Iran war. Source link
Soon, investors may be able to wager on who wins control of the Senate in their brokerage accounts.Bitwise, Roundhill and GraniteShares have filed applications with the SEC to offer event contracts as exchange-traded funds which would then be available, for instance, within a self-directed IRA.”An ETF issuer’s job is to give investors access to investments they want and we see a lot of interest in prediction markets,” said William Rhind, founder and CEO of GraniteShares ETFs.The companies want to offer a Democrat president ETF or Republican president ETF, essentially an investment in who wins the White House in the election…
US President Donald Trump during a healthcare affordability event in the Oval Office of the White House in Washington, DC, US, on Thursday, April 23, 2026.Bloomberg | Bloomberg | Getty ImagesU.S. President Donald Trump has delivered a stark warning to the U.K., threatening to impose steep tariffs on the country unless it drops its digital services tax on U.S. tech companies. The tax, which was first introduced in 2020, is a 2% levy on the revenues of search engines, social media services and online marketplaces that derive value from U.K. users. This includes several U.S. companies like Alphabet’s Google, Meta…
Procter & Gamble on Friday reported quarterly earnings and revenue that topped analysts’ expectations, as volume for its products grew for the first time in a year.But looking ahead, executives warned about uncertainty caused by the war with Iran, like the effects on the company’s input costs and consumer spending. P&G will not provide a forecast for fiscal 2027 until its next earnings report in July. “I’m very happy that I don’t have to give guidance today [for fiscal 2027],” CFO Andre Schulten said on the company’s earnings conference call Friday. “Because what do we know what the world looks like three…
Luxury group Cucinelli tightens controls on sanctions compliance after allegations Source link