Russia Boosts Its Oil Revenues to Four-Year High as Prices Surge
Value of shipments hits most since just after Ukraine invasion, amid higher prices and flows
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America is being haunted by a 1970s bogeyman known as stagflation. Here’s how big the threat is.
In the 1970s, soaring inflation — along with misguided efforts by Washington, D.C., to control it — wreaked havoc on the economy. In just under a decade, from 1973 to 1982, the U.S. suffered three severe recessions.
Europe Pushes for Deal on FRTB Bank Capital Rules by Mid-June
The European Union is seeking to achieve a political deal within less than three months on shielding banks from the full force of new capital rules known as Fundamental Review of the Trading Book, amid concerns about eroding competitiveness.
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Fed rate hikes are a worry as Iran conflict drags on — but borrowing is already more expensive
The uptick in borrowing costs can be traced to higher bond yields since the Iran conflict began in late February, but also to the large financing needs of the AI buildout
Investors Are Betting on an Interest Rate Hike That’s Really Not That Likely
Investors have lifted odds that the Federal Reserve is on the verge of raising interest rates, but lingering labor-market fragility and the risks to growth from surging oil prices make that a long shot, at least for now.
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These private-credit funds are giving back less than half the money their investors want
Shares of Apollo Global Management and Ares Management dropped after private-credit funds the firms managed disclosed receiving more than double the redemption requests that the funds were willing to honor.
Important That Europe Gets Involved in Hormuz, US Amb. Puzder Says
US Ambassador to the European Union Andrew Puzder discusses potential talks between the US and Iran on ending the Middle East conflict, the need for Europe’s involvement in the Strait of Hormuz, and US-European trade. (Source: Bloomberg)
JPMorgan Kicks Off $8 Billion Junk-Bond Sale for EA Buyout
Wall Street banks led by JPMorgan Chase & Co. have kicked off the sale of $8 billion in junk bonds to fund the record leveraged buyout of video game maker Electronic Arts Inc.
