27 h. ago Bernie Sanders urges Paramount not to ‘capitulate’ to Trump by settling 60 Minutes suit

Eight US senators ask Shari Redstone not to settle to end president’s ‘bogus’ $20bn lawsuit over 2024 Harris interviewThe senator Bernie Sanders and his Democratic colleagues are urging Paramount Global not to settle Donald Trump’s $20bn lawsuit against 60 Minutes, saying such a decision would “capitulate to this dangerous move to authoritarianism”.In a letter co-signed by eight senators, Sanders urged controlling shareholder Shari Redstone and Paramount Global’s board to reconsider settling with Trump for as much as $75m to end his lawsuit against CBS News over its editing of last year’s 60 Minutes interview with Kamala Harris. Continue reading...

Politics

54 h. ago Trump reveals Houthis have 'capitulated' and he will end U.S. strikes on them immediately

President Donald Trump announced that he has called off airstrikes on Yemen after hearing word from the Houthis that they would no longer attack ships.

Politics

6 d. ago Shell profits fall as big oil faces slump in prices; UK cuts NatWest stake below 2% – business live

Live, rolling coverage of business, economics and financial markets as FTSE 100 oil company profits drop 28% to $5.5bnStock markets have gained across Europe, as investors welcomed signs of a possible thaw in the trade war between the US and China.Germany’s Dax gained 1.2% in the early trades, while France’s Cac 40 was up 1.4% – after both were closed over the May Day bank holiday. The Stoxx 600 index, which tracks big companies across Europe, rose by 0.9%. The FTSE 100 was up 0.9%.“The US has recently taken the initiative on many occasions to convey information to China through relevant parties, saying it hopes to talk with China,” the statement said, adding that Beijing was “evaluating this”.“Attempting to use talks as a pretext to engage in coercion and extortion would not work,” it said.This optimism has continued overnight after China’s Ministry of Commerce said that it’s evaluating trade talks with the US. The ministry said this comes as “the US has recently sent messages to C...

Economics

8 d. ago Investors approve Czech Sphinx's £3.6bn Royal Mail bid: Postal service falls into foreign hands for first time

Daniel Kretinsky (pictured), an energy tycoon nicknamed the 'Czech Sphinx', swooped on Royal Mail with a £3.6bn offer for the company last year.

Economics

8 d. ago Top Trump adviser struggles to soothe investors in talks after market tumult

Stephen Miran met hedge funds and big asset managers after tariffs sparked Wall Street turmoil

Economics

8 d. ago Top Trump adviser struggled to soothe investors in talks after market tumult

Stephen Miran met hedge funds and big asset managers after tariffs sparked Wall Street turmoil

Economics

1 week ago Asian shares inch higher as uncertainty over US tariffs persists

Asian markets have inched higher as investors wait to see what comes of negotiations over U.S. President Donald Trump’s tariffs

Politics

2 w. ago Stock markets rise as Trump backtracks on high China tariffs and firing Fed chair

Weeks of tough talk from the US president, who now says he will be ‘very nice’ to China, had rattled investors Stock markets have risen around the world after Donald Trump said his tariffs on China would come down “substantially” and he had “no intention” of firing the chair of the US central bank, Jay Powell.Weeks of tough talk on trade from White House officials have rattled investors and Trump now appears to be softening his tone. The president told reporters in Washington on Tuesday he planned to be “very nice” to China in trade talks and that tariffs could drop in both countries if they could reach a deal, adding: “It will come down substantially, but it won’t be zero.” Continue reading...

Politics

2 w. ago The Guardian view on the IMF’s warning: Donald Trump could cost the world a trillion dollars | Editorial

The US president’s economic agenda collides with fragile financial systems, triggering market fears, investor flight and developing nation chaosWake up! When the most sober of global institutions, the International Monetary Fund, abandons its usual technocratic calm to sound the alarm on the political roots of global financial instability, it’s time to pay attention. The IMF is warning of a non-negligible risk of a $1tn hit to global output, as Donald Trump’s erratic “America first” agenda – part oligarchic enrichment scheme, part mobster shakedown – collides with a perfect storm of global financial vulnerabilities.Such a shock would be equivalent to a third of that experienced in the 2008 crisis. But it would be felt in a much more fragile and politically charged environment. This time, the crisis stems not just from markets but from the politics at the heart of the dollar system. The IMF’s latest Global Financial Stability Report sees the danger in Mr Trump’s trade ...

Events

2 w. ago Japanese investors sold $20bn of foreign debt as Trump tariffs shook markets

Pension funds likely to have offloaded US bonds because of tumble in Wall Street stocks, investors say

Economics

2 w. ago ‘Sell America’: investors are increasingly avoiding the US – here’s what it means for Australian markets

After decades as a safe haven, Donald Trump’s economic upheaval has some traders looking to put their money elsewhere – and countries looking to decouple their economiesElection 2025 live updates: Australia federal election campaignGet our afternoon election email, free app or daily news podcastAt the same time as Australians are cutting back on plans to visit the US under Donald Trump, a new type of investment strategy designed to avoid America is fast gaining popularity.The “sell America trade”, an expression that barely existed before Trump spooked markets by unveiling his new tariff regime late on 2 April, is now a common expression among traders and appears regularly in investment notes to explain the day’s price movements. Continue reading...

Economics

2 w. ago US philanthropists warn against capitulating to Trump: ‘We need to step up’

Foundation leaders say charitable organisations could be next in the firing line – but must ‘stand together’ to resistJohn Palfrey will not be obeying in advance.At a moment when leaders of tech companies, law firms, media corporations and academic institutions have bent the knee to Donald Trump, the president of the John D and Catherine T MacArthur Foundation insists that charitable organisations choose resistance over capitulation. Continue reading...

Events

3 w. ago Hermès overtakes LVMH for luxury’s top spot after weak sales spark sell

Companies trade places by market value as investors bet on continued struggles at Louis Vuitton owner

Politics

3 w. ago Inside Donald Trump's tariff war and exactly what it means for Brits in 2025

The tariffs rattled traders and investors, with trillions of dollars wiped off financial markets in the aftermath - but what does it mean for UK savings, pensions and mortgages?

Politics

3 w. ago Rep. Marjorie Taylor Greene bought stocks hit hard by Trump tariffs during the market meltdown

Marjorie Taylor Greene bought some high profile stocks last week as other investors were bailing out of the market

Politics

4 w. ago Trump brags to NASCAR drivers that friend Charles Schwab made $2bn from stock market chaos

Video captured by the White House shows Donald Trump bragging that friend and investor Charles Schwab made two billion dollars from the current stock market chaos.

Politics

4 w. ago Apocalyptic warning about economic meltdown that forced Trump's hand on tariffs... NOT any 'art of the deal'

A Fox Business finance guru has explained why President Trump 'capitulated' on his sweeping tariff plans and had no choice but to U-turn. 

Economics

4 w. ago Uncertainty persists even after Trump’s ‘capitulation to markets’, investors say

Goldman Sachs rapidly reverses call for recession after president’s U-turn

Economics

last month Wall Street slumps as hopes wane for tariff delays; US says it will implement 104% tariff on China – business live

US stock market swings wildly as investor hopes for concessions and delays on tariffs waxed then waned How ‘liberation day’ rout compares with other notorious stock market crisesWall Street traders on Trump tariffs: ‘Without doubt, we’re hitting a recession’Trump threatens additional 50% tariffs on China over retaliatory leviesSouth Korea’s government has approved Tuesday 3 June as the date for a snap presidential election, following the removal from office of Yoon Suk Yeol last week over his declaration of martial law.The move comes after Yoon’s removal after the country’s constitutional court voted unanimously on Friday to uphold parliament’s decision to impeach him over his ill-fated declaration of martial law in December. Continue reading...

Economics

last month Some investors seeing buying opportunities in market volatility, says platform

Interactive investor said it recorded its highest-ever trading volumes on Monday, with investors buying more than selling.

Economics