Traders work during Madison Air Solutions Corp.’s initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York, US, on Thursday, April 16, 2026. Michael Nagle | Bloomberg | Getty Images U.S. stock futures were little changed on Thursday night after President Donald Trump confirmed that Israel and Lebanon…
Crude oil prices neared $100 again on Thursday, as tanker traffic through the Strait of Hormuz remains very low with no clear pathway to fully reopen the vital sea lane. International benchmark Brent for June delivery surged nearly 5% to close at $99.39 per barrel. West Texas Intermediate crude for May rose almost 4% to…
Hong Kong is rolling out a new tax break for commodity traders as it seeks to strengthen its position as a regional trading hub and revive shipping activity amid global supply chain disruptions. The government plans to introduce a concessionary regime for qualifying traders of physical commodities, halving the tax rate on their profits to…
Barry Callebaut AG ruby natural chocolate discs are displayed at the Sweets & Snacks Expo in Chicago, Illinois, U.S., on Tuesday, May 21, 2019. Bloomberg | Bloomberg | Getty Images Swiss chocolate maker Barry Callebaut on Thursday slashed its operating profit forecast, citing falling cocoa prices, industry overcapacity and potential supply disruption linked to the…
New York Fed President John Williams expressed concern Thursday about the Iran war’s impact on the economy, saying it already has shown signs of hiking prices and slowing growth. In a speech delivered to bankers in his home district, Williams noted that the conflict has “intensified the uncertainty” around national and local conditions. While he…
TSMC CoWoS chips: Sample microchips packaged using CoWoS at TSMC’s offices in San Jose, California, shown to CNBC on February 20, 2026. CNBC Two of the biggest names in chip manufacturing, Taiwan Semiconductor Manufacturing Co. and ASML, both reported strong earnings this week as demand for artificial intelligence chips remains sky high. But that didn’t…
Cheng Xin | Getty Images News | Getty Images Charles Schwab is rolling out crypto trading, allowing clients to buy bitcoin and ether through a new arm called Schwab Crypto, the company said Thursday. The move places the brokerage in direct competition with companies like Robinhood, which serves a comparitively younger clientele and also blends…
With less than 2 weeks remaining until the next European Central Bank meeting, the bloc’s policymakers appear undecided on the future of interest rates. Financial markets are currently pricing in a hold at the April 29-30 meeting, followed by a hike in June, according to LSEG data. The majority of traders expect the ECB’s key…
The U.K.’s financial watchdog has eased restrictions on hedge funds after relaxing rules on short selling, and slashing administrative and reporting requirements. The shift marks a major step-change in the way the Financial Conduct Authority regulates investors who bet against the value of companies, and comes as part of a broader U.K. push to cut…
Stock picture of a British Airways plane taking off from London Heathrow Airport. Stefan Rousseau – Pa Images | Pa Images | Getty Images The International Energy Agency’s head warned Thursday that Europe maybe has six weeks left of jet fuel as the airline industry continues to grapple with headwinds due to the Middle East…
