Latest Business News
Trump Rejects New Iran Peace Offer as 'Totally Unacceptable'
President Trump dismissed Iran's latest peace proposal to end the ten-week conflict, calling it totally unacceptable, as both sides reject each other's terms. The proposal reportedly seeks to end U.S. financial support for Israel's military over the next decade. Israeli PM states war with Iran is not over.
Trump-Xi Summit Confirmed for Beijing This Week
President Trump is set to meet China's Xi Jinping for a two-day summit in Beijing, discussing trade framework including Boeing aircraft, soybeans, rare earths, and semiconductor export controls. Iran war will be a major focus, per U.S. Trade Representative Jamison Greer. Summit scheduled for Thursday.
China Touts Joint Drug Bust with US Ahead of Summit
China highlighted a joint drug bust operation with the US just before the Trump-Xi summit, signaling cooperation. This comes amid discussions on broader trade and security issues.
UK PM Starmer Delivers Make-or-Break Speech
UK Prime Minister Keir Starmer gave a critical 'reset' speech amid political pressures. The speech is seen as make-or-break for his leadership. Covered extensively in global broadcasts.
Iran War Drives Brent Crude Higher, Oil Prices Surge
Ongoing Iran conflict and Hormuz Strait stalemate push Brent crude levels up amid global shortage concerns. Aramco CEO issued a warning on market impacts. Oil provides deflationary buffer eroding now.
US, France Report Hantavirus Cases in Passengers
US and French authorities confirmed passengers tested positive for hantavirus. Updates provided in latest news segments. Health officials monitoring spread.
Dollar and Yields Rise Amid Iran War Tensions
Financial markets react to Iran war with rising dollar strength and bond yields. Bond market checks show volatility tied to conflict.
Alphabet Poised to Become World's Biggest Company
Alphabet is positioned to overtake as the world's largest company by market cap, highlighted in market updates. North American large caps outlook remains positive.
Bessent’s Unprecedented Grasp on Japan Policy
Reports detail Bessent's extensive influence on US Japan policy, an unusual development in foreign affairs. Ties into broader Asia summits.
China PPI and Inflation Data Signal Global Shortages
China's latest PPI and inflation figures are rising, driven by global shortages linked to Iran conflict and oil dynamics. Provides buffer for oil markets but eroding.
Ernest Wong's Positive Outlook on North American Large Caps
Portfolio manager Ernest Wong shares bullish view on North American large caps amid current market conditions. Discussed in BNN Bloomberg segment.
Aramco CEO Warns on Oil Market Amid Iran Conflict
Saudi Aramco CEO cautioned on oil market stability due to Iran war and Hormuz stalemate. Impacts global economy and trade talks.