Wall Street

Energy

The White House, Again, Says the Iran War Will Soon End as the US Stakes a Bigger Claim in Global Energy Exports

Photo via Ruaridh Stewart/ZUMAPRESS/Newscom

Experts, officials, and executives have warned that, even if the US and Iran patch things up, oil markets will take until 2027 to normalize.

2 min read

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Indicators

Fresh Jobs Data May Help Fed Gauge How Much AI Strains US Labor Market

The US Bureau of Labor Statistics will be reporting May’s much-anticipated employment figures at the end of the week.

2 min read
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International Economics

What Wall Street CEOs Want from Trump-Xi Summit

The combined net worth of the US CEOs who joined President Donald Trump for a two-day summit in China is nearly $1 trillion.

2 min read
Photo via Milo Hess/ZUMAPRESS/Newscom

Blockchain

How Stablecoins Are Squaring the Circle a Month After GENIUS Act’s Passage

Stablecoins are seen as a lower-risk entry point into crypto because their value is tied to another asset, usually the US dollar.

2 min read

Healthcare

Eli Lilly’s Miracle Weight Loss Pill May Not Be Miraculous Enough

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Lilly’s second-quarter results reported Thursday were still more than fine: $15.5 billion in revenue beat Wall Street estimates.

2 min read

Energy

Exxon and Chevron, Rivals Turned Frenemies, Face Profit Pressure-Cooker

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Rather than jockeying for an advantage in their weakened state, the two longtime rivals are set to work together more and more.

3 min read

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Banking

Evercore’s Purchase of Robey Warshaw May Birth Trans-Atlantic M&A Titan

The deal will help bolster Evercore’s presence in Europe, where it placed 13th by deal volume in PwC’s advisory rankings last year.

2 min read
Photo via Wiktor Dabkowski/ZUMAPRESS/Newscom

International Economics

Trump’s ‘Biggest Deal Ever’ With EU Prompts Yawn From Wall Street

The deal sets 15% baseline tariffs on EU goods and commits the bloc to buy billions of dollars worth of US energy and defense products.

2 min read
Photo via Thomas Fuller/ZUMAPRESS/Newscom

Blockchain

Goldman Sachs, BNY Bring $7 Trillion Money Market to Blockchain

The announcement comes just days after President Trump signed a law that introduces US-regulated stablecoins.

2 min read

Banking

HSBC Waves Caution Flag for Wall Street Giants

Photo by Yusuf Miah via Pexels

The bank downgraded JPMorgan, Goldman Sachs, and Bank of America, citing a classic case of macroeconomic uncertainty.

2 min read

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