The Bank of New York Mellon, one of the largest investment banking companies in the United States, recently reached out to Northern Trust, a smaller competitor, to discuss the possibility of merging. According to a report by the Wall Street Journal, the two banks had at least one conversation about a potential deal, though no […] More
Oil prices are likely to go up when markets open after the United States carried out military strikes against Iran over the weekend. Experts believe the price of oil could increase by $3 to $5 per barrel due to fears of supply disruptions. If Iran responds strongly and causes major problems in oil production, prices […] More
The recent US military strikes on Iran’s nuclear facilities have sent shockwaves through global markets, leaving investors worried about rising oil prices and economic instability. President Donald Trump announced the attack, calling it a “spectacular military success” and claiming that Iran’s key nuclear sites were “completely and totally obliterated.” The sudden escalation in tensions has […] More
Vietnam and the United States recently held an important online meeting to discuss a new trade deal. The talks took place on Thursday night, and Vietnam’s Ministry of Industry and Trade shared details about the discussion on Friday. The meeting involved high-ranking officials from both countries, including U.S. Secretary of Commerce Howard Lutnick and Trade […] More
Africa is taking big steps to create its own payment systems that do not depend on the US dollar. This move is meant to make trade between African countries cheaper and easier. For a long time, African businesses had to use dollars to trade with each other, even if they were neighbors. This made things […] More
A group of Democratic lawmakers in Texas has asked Tesla to delay the introduction of its self-driving robotaxi service in Austin. The lawmakers believe it would be better to wait until September when a new state law on autonomous vehicles comes into effect. They argue that this delay would help ensure public safety and build […] More
The CEO of Nippon Steel, Eiji Hashimoto, has confidently stated that the U.S. government’s special “golden share” in U.S. Steel will not interfere with the company’s management decisions. This comes just a day after Nippon Steel finalized its massive $14.9 billion purchase of U.S. Steel, ending an 18-month-long negotiation process. The deal includes an agreement […] More
The US Federal Reserve is currently in a tough spot as it tries to figure out where inflation is headed in the long run. This is a big deal because inflation—how fast prices rise—affects everything from grocery bills to home loans. When Fed officials meet to discuss interest rates, they need to understand whether inflation […] More
Private equity firms in the United States are currently sitting on nearly $1 trillion in unsold investments, according to a recent report by PricewaterhouseCoopers (PwC). Normally, this money would have been returned to investors, but several economic challenges have made it difficult for these firms to sell their assets. High interest rates, changing trade policies, […] More
The US Federal Reserve is starting an important two-day meeting to discuss the country’s economic situation. Policymakers are gathering at a time when rising tensions in the Middle East and ongoing trade policies are creating uncertainty. The Fed is expected to keep interest rates steady, but new data on retail sales and factory output could […] More