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Annual US inflation posts biggest gain in nearly 3 years in March
U.S. inflation accelerated in March with a 3.5% annual rise, driven by gasoline price surges amid the Iran war, impacting Federal Reserve rate outlook.
Fed holds rates steady, cites elevated inflation; three dissents against ‘easing bias’
The Federal Reserve held interest rates steady, citing elevated inflation and uncertainty from global energy prices, with three dissents against easing bias.
Russia to remain in OPEC+, hopes UAE exit does not spell end of group
Russia plans to remain in OPEC+ despite the UAE's decision to leave, aiming to stabilize global energy markets amid current turmoil.
US goods trade deficit widens in March as imports rise sharply
The U.S. goods trade deficit rose to $87.9 billion in March due to a sharp increase in imports, signaling a potential drag on first-quarter economic growth.
Trump met with oil firms on possible months-long extension of Iran blockade
Trump met with Chevron CEO Mike Wirth and other energy officials to discuss managing oil markets amid a possible months-long iran blockade extension.
OpenAI falls short of revenue and user targets as it races toward IPO, WSJ reports
OpenAI has fallen short of its revenue and user growth targets, raising concerns about funding its data-center costs as it prepares for an IPO.
UAE leaves OPEC and OPEC+ in major blow to global oil producers’ group
The uae has left opec and opec+, weakening the oil exporting groups amid regional tensions and global energy shocks.
Oil prices hit $110 and stocks fall on Iran impasse and AI
Oil prices rose above $110 a barrel amid the stalled Iran conflict, while AI-related tech stocks fell as investors reassessed momentum and earnings season.
S&P 500, Nasdaq, close slightly higher in cautious start to a heavy earnings week
The S&P 500 and Nasdaq posted modest gains in NEW YORK as investors prepare for a heavy earnings week and the Federal Reserve's rate decision.
Oil prices hit two-week high as Iran talks stall and Strait shipments lag
Oil prices climbed to a two-week high as U.S.-Iran peace talks stalled and shipments through the Strait of Hormuz remained limited, tightening global supplies.
Shipping traffic through Hormuz remains muted with no US-Iran deal in sight, data shows
Shipping traffic through the strait of Hormuz remains muted with only seven ships crossing amid stalled talks between the US and Iran.
OpenAI breaks off Microsoft exclusivity to free up path for Amazon, Google deals
OpenAI will no longer grant Microsoft exclusive access to its AI models, enabling partnerships with Amazon and Google cloud platforms.
