US Politics & Business News
Wells Fargo produced the most ambiguous result of Tuesday’s concentrated bank earnings session, beating the consensus earnings per share estimate of $1.58 with reported diluted EPS of $1.60 while simultaneously missing on net interest income in a way that investors refused to overlook. The stock fell approximately 4.8 percent through the trading session, making it…
West Texas Intermediate crude closed above $99 per barrel on Monday as the US naval blockade of Iranian ports took effect at 10am Eastern Time, reinstating the energy market anxiety that had briefly subsided during last week’s ceasefire rally. The day’s session illustrated in compressed form the uncomfortable reality facing global economies: the geopolitical situation…
Congressional Democrats spent the past week navigating an Iran crisis that has produced some of the most extreme presidential rhetoric in recent American political history, with several lawmakers openly questioning whether Trump is fit to continue in office and calling for the invocation of the 25th Amendment. The flashpoint came on Easter Sunday when Trump…
The political calculations surrounding the Trump administration are shifting noticeably as the 2026 midterm elections move from a distant abstraction into a concrete near-term reality, with Democrats increasingly energised by economic data that challenges the White House’s claims of a golden-age economy and Republicans in competitive districts navigating the difficult arithmetic of defending an incumbent…
Wall Street ended the week on a cautiously optimistic note on Friday, with the S&P 500 edging up 0.2% and the Nasdaq adding 0.4%, as investors balanced the relief of a fragile US-Iran ceasefire against lingering uncertainty over the Strait of Hormuz and a consumer sentiment reading that landed at a historic low. The broader…
Goldman Sachs is scheduled to report first-quarter 2026 earnings on April 13, the first major bank to report and therefore the first institution-level data point that will tell investors how Wall Street itself navigated one of the most volatile quarters in years. Goldman is expected to deliver on multiple fronts: trading revenues typically benefit from…
Senate Minority Leader Chuck Schumer announced on Wednesday that Senate Democrats will force a vote on an Iran war powers resolution when Congress returns from spring recess next week, describing the two-week ceasefire as “not a strategy, not a diplomatic solution, not a plan.” The move reflects a Democratic caucus that has concluded the ceasefire…
Before Tuesday night’s ceasefire changed the immediate calculus, UBS Global Wealth Management had already moved decisively, revising its year-end S&P 500 target from 7,700 to 7,500 and trimming its mid-year forecast from 7,300 to 7,000. The note, dated April 6, reflected a banking institution recalibrating for a world where oil remains elevated and geopolitical uncertainty…
US stocks managed a slim fourth consecutive day of gains on Monday, with the S&P 500 rising 0.44% to close at 6,611.83, the Dow adding 165.21 points to settle at 46,669.88 and the Nasdaq Composite gaining 0.54% to 21,996.34 — but futures reversed course after the close as Trump held a White House press conference…
Markets return to full trading on Monday for the first time since Thursday after observing the Good Friday holiday, with investors stepping back into a financial landscape shaped almost entirely by the ongoing US-Iran war and the diplomatic signals that have flickered into view over the past week. The S&P 500 enters Monday near the…