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Latest news from trusted sources around the world

Economy Bloomberg
Ford CFO on Q1 Earnings, Outlook and Impact of Gas Prices

Ford CFO Sherry House discusses first-quarter earnings, SUV and pick-up truck sales amid higher gas prices and the automaker's full-year outlook on "Bloomberg The Close." …

India’s Homegrown $1 Billion High-Speed Trading Unicorn Goes Global
Economy Bloomberg
India’s Homegrown $1 Billion High-Speed Trading Unicorn Goes Global

Graviton is expanding in Singapore and London as competition and regulatory hurdles build in its home market.

Mamdani vs. Griffin Standoff Puts $6 Billion Tower at Risk
Economy Bloomberg
Mamdani vs. Griffin Standoff Puts $6 Billion Tower at Risk

Citadel’s Ken Griffin said he’s meeting with New York Governor Kathy Hochul on Thursday to talk about the future direction of America’s biggest city after …

Option Traders Build ‘Electric Fence’ Around Bitcoin at $80,000
Economy Bloomberg
Option Traders Build ‘Electric Fence’ Around Bitcoin at $80,000

Bitcoin has been pressing toward $80,000 and struggling to get through. One reason: a hidden force in the options market is working against it.

Economy Financial Times
Fed chair nominee Kevin Warsh secures Senate committee approval

Banking panel votes in favour of Donald Trump’s candidate to lead US central bank

Economy Financial Times
Wild Scottish salmon catch drops by 40% in one year

New data highlights ‘extremely concerning’ decline in fish population

Big Tech Capex Hits Critical Limit
Economy Bloomberg
Big Tech Capex Hits Critical Limit

Big Tech is at a breaking point says John Blackledge, TD Cowen Senior Equity Research Analyst. He joined Bloomberg Open Interest to explain why massive …

‘All-In Wednesday’ to Test Stock Market Where Everyone’s Long
Economy Bloomberg
‘All-In Wednesday’ to Test Stock Market Where Everyone’s Long

Investors who have been feasting on stocks will know by this evening whether the party will continue.

Economy Financial Times
Starmer arson suspects ‘recruited’ on Telegram by Russian speaker, court hears

Three Ukrainian-born men accused of setting fire to car and properties linked to PM were approached by user known as El Money

Banks Get Picky on Asset-Based Lending After Credit Blow-Ups
Economy Bloomberg
Banks Get Picky on Asset-Based Lending After Credit Blow-Ups

European banks are being more selective on asset-backed lending, as collapses including Tricolor Holdings and Market Financial Solutions Ltd. have made firms more cautious of …

Economy Financial Times
Uber adds hotel booking with Expedia in ‘super app’ push

CEO Dara Khosrowshahi says deal will help the ride-hailing group sell paid memberships

Economy Financial Times
Lululemon founder casts doubt on new chief as proxy fight escalates

Chip Wilson argues appointing Heidi O’Neill to top job could lead CEO search to be ‘examined with a refreshed board’

Treasuries Slump as Fed Dissents Spur Wagers on 2027 Rate Hike
Economy Bloomberg
Treasuries Slump as Fed Dissents Spur Wagers on 2027 Rate Hike

Treasuries slumped, with two-year yields rising the most on a Federal Reserve decision day since 2022, as traders boosted bets the central bank may need …

Yen Falls Below 160 Per Dollar to Weakest Mark Since 2024
Economy Bloomberg
Yen Falls Below 160 Per Dollar to Weakest Mark Since 2024

The yen extended its slide beyond 160 per dollar to its weakest mark this year, fueling risk that Japanese officials may step into the market …

Wingstop Diners Cut Back as Gas Prices Eat Household Budgets
Economy Bloomberg
Wingstop Diners Cut Back as Gas Prices Eat Household Budgets

Wingstop Inc. said the war in Iran is pushing up gas prices and straining household budgets to a point where consumers can no longer afford …

Ukraine Says It Hit Russia Oil Station and Sanctioned Tanker
Economy Bloomberg
Ukraine Says It Hit Russia Oil Station and Sanctioned Tanker

Ukraine said it hit an oil pumping station deep inside Russia, as well as a sanctioned tanker in the Black Sea, the latest in a …

Economy Financial Times
FirstFT: A Citi hire that raises questions

Also in today’s newsletter: prosecutors charge former FBI director and ‘the beginning of the end of Opec’

Most Traders Lose on Polymarket and Winners Look Like Bots
Economy Bloomberg
Most Traders Lose on Polymarket and Winners Look Like Bots

Most profits made by a tiny number of accounts

Singapore Is Pulling In Dubai Gold as Middle East War Drags On
Economy Bloomberg
Singapore Is Pulling In Dubai Gold as Middle East War Drags On

Imports of gold into Singapore from Dubai hit a record last month, thanks to wealthy investors seeking alternative hubs against the backdrop of an eight-week …

Economy Financial Times
Putin pares back Victory Day parade over fear of Ukrainian strikes

Festivities in Moscow on May 9 will exclude heavy military equipment for first time in decades

PetroChina Posts Record Quarterly Profit on Higher Oil Price
Economy Bloomberg
PetroChina Posts Record Quarterly Profit on Higher Oil Price

PetroChina Co. posted its best ever quarterly profit as China’s largest oil and gas producer benefited from rising energy prices due to the war in …

Economy Financial Times
UK ministers gain power to force pension funds to invest in British …

Government outlines safeguards to resolve a stand-off with peers over legislation

China’s Mega Banks Ramp Up Profit Growth in First Quarter
Economy Bloomberg
China’s Mega Banks Ramp Up Profit Growth in First Quarter

China’s largest state-owned lenders reported an up-tick in earnings growth in the first quarter, signaling a potential turn for an industry long defined by a …

Economy Financial Times
Chinese wind turbine maker accuses UK of ‘politicisation’ over product ban

Ming Yang warns setback will not stop company’s expansion plans in Europe

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