Author: Arabian Media staff
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldThe race to decide the next Democratic candidate to be mayor of New York is going down to the wire and there are more than a few Wall Street titans sweating over the outcome.Polling for the lead contenders — former mayor Andrew Cuomo and a 33-year-old assembly member Zohran Mamdani — has suggested the outcome will be close. For prominent Wall Street figures, the prospect of a socialist Mamdani taking the helm of the world’s largest financial capital has provoked…
Melius analysts expect more AI-chip sales as demand grows for running AI models and for AMD’s new offerings to attract hyperscaler and sovereign customers. Source link
A report by Deutsche Bank highlights where pricing is strange in markets. Source link
Sales of existing homes inched up slightly in May but remained depressed as buyers shied away from a housing market that features painfully high interest rates and home prices. Source link
Hims & Hers Health Inc.’s stock fell sharply on Monday after pharmaceutical giant Novo Nordisk, maker of the weight-loss drug Wegovy, said it was ending a collaboration with the telehealth-consultation company less than two months after it started. Source link
The cost of doing business for U.S. companies rose in June at the second fastest pace in two and a half years, a pair of S&P surveys showed, reflecting ongoing inflation pressures tied to high Trump administration tariffs. Source link
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldCanada will sign a defence partnership with the EU on Monday as the two sides increase their security co-operation in response to Donald Trump’s threats to his Nato allies. The US president has questioned continued American support for allies that spend insufficiently on their own armed forces, and has threatened both Canada and Europe with punitive tariffs for allegedly taking advantage of the US.In response, Canadian Prime Minister Mark Carney has announced a move away from buying US weapons, and…
Stay informed with free updatesSimply sign up to the US interest rates myFT Digest — delivered directly to your inbox.Federal Reserve vice-chair for financial supervision Michelle Bowman has called for a rate cut as soon as July, saying President Donald Trump’s trade war would have a smaller effect on inflation than some economists fear. Bowman’s remarks on Monday come after Christopher Waller, another Fed governor, said on Friday that the US central bank should consider cutting interest rates as soon as next month — highlighting a divide between central bank officials over how they should respond to Trump’s tariffs. Bowman indicated that…
An analyst issues bullish $421 price target for Coinbase’s stock, while Fiserv’s stock moves up as stablecoin products roll out. Source link
Mines across one of the world’s most strategically important waterways. Western-made missiles scuttling oil tankers that braved the journey. The US on the brink of a direct war with Iran.So went the “tanker war” of the 1980s, when Iranian and Iraqi sieges of the 33km-wide Strait of Hormuz — one of the most vulnerable parts of the global economy — turned oil shipments into floating targets. As the world braces for Iran’s potential retaliation to US air strikes, many fear escalation could lead to Tehran once again targeting the strait, a chokepoint through which a quarter of the world’s seaborne…