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The world's money news right now: markets, the economy, the companies and the deals moving capital across every continent today.
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Here’s the Schedule of Today’s Bank Results
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Oil surges 6% on Hormuz blockade; US debt costs hit $24bn a week
A new US naval blockade on Iran has sent oil prices jumping 6%, compounding the fiscal pressures on a US economy already paying $2…
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Fed rate hike bets surge on Iran conflict inflation
Renewed hostilities with Iran have driven half of Federal Reserve officials to project interest rate increases this year, threaten…
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Robinhood Chain Pays Just $1,600 to Ethereum On $843,000 Fees
Robinhood's new Ethereum Layer-2 network captures over $800,000 in user fees while paying minimal settlement costs to the base lay…
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Services Inflation Outpaces Social Security, Demanding $1M to Age in Place
A surge in services inflation is quietly eroding the purchasing power of Social Security benefits, forcing retirees to accumulate …
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Watches of Switzerland sales hit record as US becomes top market
Watches of Switzerland delivered record fiscal 2026 profit as the U.S. overtook the U.K. as its largest market, signaling a succes…
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U.S. Workers Are More Productive Than Ever. And That’s Without A.I.
Companies have been getting more out of employees for several years. Tight labor markets, digitization and remote work are among t…
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How a Promising Navy Drone Boat Program Got Mired in Politics
Navy acquisition reforms upended a $2.1 billion contract competition. When it was over, several companies with ties to the Trump a…
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Business groups target Pentagon buyback ban in defense bill
Dozens of business groups are lobbying to remove a Senate defense bill provision that would force Pentagon contractors to seek gov…
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Oil Rises Above $85 a Barrel as Gulf Clash Escalates
Brent crude, the international benchmark, breached $85 per barrel for the first time in a month.
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Global stocks dip as Hormuz levy spikes oil, Fed hike bets rise
A sudden surge in oil prices triggered by a US levy on Strait of Hormuz traffic, combined with renewed Federal Reserve rate hike f…
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Treasury yields rise as Fed rate hike expectations grow ahead of June inflation print
Treasury yields increased Tuesday as expectations for more Federal Reserve interest rate hikes grow.
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China's exports ride AI boom as domestic economy struggles
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Oil hits four-week high as US-Iran conflict escalates
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BP Flags Stronger Q2 Refining and Lower Output on Maintenance and Disruptions
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Stock market today: Dow, S&P 500, Nasdaq futures mixed as traders lift Fed rate hike bets ahead of key inflation data
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Film camera market revives as Gen Z drives analog demand
A surge in younger consumers is reviving the global film camera market, offering legacy photography brands a rare opportunity to r…
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Adobe tracks AI visibility as chatbots threaten search revenue
Adobe has developed a tool to track brand mentions in AI-generated responses as the shift from search engines to large language mo…
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Brent jumps 2.2% on Iran strikes; China exports surge on AI demand
Escalating US strikes on Iran have pushed Brent crude above $85, while China's exports surged 27% on AI-driven chip demand, creati…
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South East Water faces £30.5m penalty and independent oversight after licence breaches
The UK water regulator has imposed a £30.5m redress package and mandated independent monitoring on South East Water, signaling hei…
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Data centers to hike US power bills by $23bn through 2028
Surging electricity demand from data centers has triggered $23 billion in rate increases across a 14-state US grid, exposing regul…
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'Nobody underwrote for that': Private credit faces a key test as higher rates squeeze borrowers
Private credit is facing a new pressure point from elevated rates, which could hit under-pressure borrowers.
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Hormuz transit down 52% as US strikes sink Iran ceasefire
A third night of US strikes against Iran has collapsed Strait of Hormuz shipping traffic by half and pushed Brent crude to $85 a b…
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Who is ‘stealing’ Bali’s water? How tourism siphoned off a prized resource
Along with the rice fields, a centuries-old infrastructure that treated water as a gift to be shared is disappearing I Putu Partay…