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Europeans face huge gas bills while other nations get rich on neural networks
Since the start of the Middle East conflict, European stock indices have lagged global markets by 7%. Goldman Sachs analysts attribute this poor performance to a triple...
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US tariff drive fails to bring factories home and increases import reliance
A broad US tariff campaign has not produced the promised reshoring of manufacturing. A year after the introduction of steep duties, Morgan Stanley analysts conclude that the American economy...
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Trump snubs Chinese EVs and enrages Xi Jinping
China’s authorities expressed strong displeasure at Washington’s decision to add leading Chinese corporations to a Pentagon list. China’s Ministry of Commerce called on Washington to immediately lift the restrictions...
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Oil falls in defiance of Goldman’s forecasts
Goldman Sachs has pushed back its timeline for restoring oil exports from the Persian Gulf from the end of June to the end of August. At the same time...
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Analysts advise buying gold during collapse while central banks prop up market
Swiss bank UBS sharply downgraded its forecast for gold, lowering expectations by $300–$900 per ounce. Analysts attribute the revision to a “double whammy”: the unexpectedly resilient US economy...
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SpaceX’s rocket-powered debut overshadows oil crisis and calms US markets
SpaceX’s long-awaited stock market debut restored investors’ appetite for risk after one of the most volatile trading weeks of the year. On the first day of trading, the aerospace company...
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OPEC output plunges to 37‑year low as US maritime blockade hits Iranian shipments
In May, OPEC’s combined oil production fell to its lowest level in 37 years. A Bloomberg industry survey found out that the critical output decline was triggered...
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US may hit debt ceiling as early as 2027
The US Treasury may be forced to resort to extraordinary liquidity measures as early as next year to avoid a technical default on government debt. In a new forecast...
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AI may curb US inflation only in five to ten years
Artificial intelligence can exert a moderating influence on inflation over a five-to-ten-year horizon, but that factor is not a priority for current monetary policy decisions, Mary Daly, president...
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Fitch cuts global growth forecast as Iran conflict lifts oil to $87 per barrel
Fitch Ratings has downgraded its global growth forecast for the current year and raised expectations for oil prices. In a new report, the agency said that a prolonged energy shock...