US Politics & Business News
Oil markets were jolted after OPEC+ agreed to raise output by 206,000 barrels per day from April, even as shipping disruptions intensified across the Gulf region. The decision coincided with conflict involving the United States and Israel against Iran, alongside Tehran’s retaliation, which disrupted flows from key Middle Eastern producers. The Strait of Hormuz, responsible…
Jamie Dimon, CEO of JPMorgan Chase, spoke at an investor meeting on Monday about the bank’s plans to redeploy staff as artificial intelligence reshapes roles, while urging society to prepare for broader economic consequences. Dimon explained that the bank is implementing significant internal measures to shift employees into new positions, ensuring displaced staff from automation…
Merrill Lynch Kingdom of Saudi Arabia is set to halt its market-making activities for Saudi Arabian Oil Co from February 8, following approval from the Saudi Exchange. The exchange confirmed the decision in a formal notice, marking a notable shift in trading dynamics for one of the region’s most closely watched stocks. Why Market-Making Matters…
British bank NatWest Group is closing in on a takeover of one of the UK’s largest wealth managers, with a deal for Evelyn Partners reportedly nearing the final stages. The proposed acquisition is expected to value Evelyn at around £2.5 billion, with market sources suggesting an announcement could arrive in the coming days if talks…
Libya is preparing to sign a major long-term energy agreement that signals renewed ambition to stabilise and expand its oil sector through large-scale international cooperation. The agreement will be signed with France’s TotalEnergies and U.S.-based ConocoPhillips and will run for 25 years, marking one of the most significant foreign-backed energy commitments in the country’s recent…
Global markets were jolted on Monday as investors reacted to mounting concerns over the political independence of the Federal Reserve. Precious metals surged to record levels, the U.S. dollar weakened, and stock markets swung sharply as uncertainty took hold. The volatility followed an announcement from Federal Reserve Chair Jerome Powell that he is under criminal…
Government partnership models have become an increasingly prominent feature of public policy in the United States, as federal, state and local authorities seek new ways to deliver infrastructure, services and innovation in a challenging fiscal environment. These models, which typically involve collaboration between government bodies and private sector or nonprofit partners, are now firmly supported…
In the United States, cannabis laws are evolving rapidly, creating a complex landscape that differs sharply between federal and state regulations. Understanding the distinction between CBD (cannabidiol) and THC‑rich marijuana is crucial, as each faces distinct legal treatment. CBD is widely used for therapeutic purposes without producing a psychoactive high, whereas marijuana contains THC, the…