JPMorgan Chase has marked down the value of certain loans linked to private credit funds, reported Financial Times. The move comes as the $2 trillion private credit market faces increasing scrutiny from investors, and lenders amid fears of potential defaults and weakening valuations, particularly among software companies. According to the report, the markdown applies to […]
The UK’s transition to renewable energy and low-carbon technologies could protect households and businesses from volatile global fossil fuel markets while costing far less than critics claim, according to analysis from the Climate Change Committee. The climate advisers estimate that reaching net zero emissions by 2050 would require about £4 billion a year, or roughly […]
China’s government agencies and state-owned enterprises have begun warning staff against installing the artificial intelligence agent OpenClaw on office devices, citing potential security concerns. The guidance, as reported by Reuters, highlights caution inside the Chinese state sector over emerging autonomous AI tools. OpenClaw is an open-source system capable of independently performing complex digital tasks with […]
Oil majors are in the spotlight as the effective closure of the Strait of Hormuz forces traders to reprice supply risk, sending benchmark crude sharply higher and pushing selected energy stocks toward fresh highs. With tankers avoiding one of the world’s most vital chokepoints and maritime traffic reportedly down about 80%, investors are rotating into […]
Jeremy Carl, President Donald Trump’s nominee for assistant secretary of state for international organization affairs, withdrew his nomination Tuesday after facing bipartisan criticism over past comments about race, religion and Israel. Carl, a conservative commentator and senior fellow at the Claremont Institute, wrote on X that he lacked the unanimous Republican support needed to advance […]
A top Senate Republican wants answers on why the Biden administration drained the nation’s oil stockpile but did little to replenish it. Sen. Tom Cotton, R-Ark., charged that decisions under President Joe Biden to tap the Strategic Petroleum Reserve (SPR) could have a ripple effect as the U.S. continues its war with Iran and as […]
Republicans sharply criticized former President Joe Biden over rising prices at the gas pump, but a spike in energy prices amid the U.S.-Israeli conflict in Iran threatens to scramble the party’s affordability messaging. The Iran conflict has led to a surge in gas prices for Americans, leading to an average 50 cents a gallon increase […]
Congressional Republicans aren’t allowing President Donald Trump’s SAVE America Act ultimatum to uproot their legislative agenda ahead of the midterms. Lawmakers made clear Tuesday they’re eager to wash their hands of the partisan elections legislation the day after Trump told lawmakers he needs that bill on his desk before he agrees to sign anything else. […]
Shares of Germany’s largest defence contractor Rheinmetall fell by about 5.75% on Wednesday after the company reported strong revenue growth and record operating profit for 2025 but failed to meet market expectations. The company said sales rose 29% year-on-year to 9.935 billion euros, driven by surging demand for defence equipment amid escalating geopolitical tensions. Operating […]
Dow Jones futures were in the red today, March 11, as traders waited for the upcoming US inflation data and as they focused on the ongoing war in Iran. It retreated to $47,600x, down by 6.12% from the highest point this year. Dow Jones futures drops ahead of US Inflation report The US stock market […]