The EU will cut growth outlook, raise inflation forecast as Iran war drives ‘stagflationary shock’
The commission’s forthcoming spring forecast, released later this week, will see economic growth figures adjusted down and inflation figures up.
Trump administration ends civil, criminal cases against Adani after $10 billion investment promise
The DOJ is also close to dropping related criminal fraud charges against Adani, who has promised to invest $10 billion in the U.S., according to sources.
Bank of England does not need to hike interest rates, says IMF — it may even need to cut
The Bank of England is expected to hold and even potentially hike interest rates this year in response to resurgent inflation sparked by the Iran war.
‘This is bad’: Strategists see European oil shortages within weeks as inventories are depleted
The Iran war oil squeeze could trigger shortages in Europe within weeks, and keep global inventories depleted until 2027, strategists warn.
Meta layoffs starting this week stress harsh AI reality inside Zuckerberg’s company
Meta is starting layoffs this week, with 8,000 jobs expected to be cut, as employees brace for a new era of AI.
NextEra Energy to buy Dominion in deal that unites two key players in race to power AI data centers
Dominion powers the world’s largest data center market in northern Virginia. NextEra is the biggest renewable energy developer in the U.S.
Lululemon takes battle with Chip Wilson public, calls founder ‘misguided’ and ‘outdated’
Lululemon responded publicly to founder Chip Wilson’s campaign in a letter to shareholders, where it urged them to vote in its favor at its annual meeting.
Trump says he should’ve asked for ‘more’ of Intel when negotiating stake with CEO
The chipmaker’s stock has soared since the U.S. equity deal in August gave the government 9.9% of the company.
Britain’s prospective next PM tries to placate bond markets after sell-off, gilts steady
The U.K.’s would-be prime minister, Andy Burnham, is being closely watched by bond markets.
10-year Treasury yield touches highest in a year, Japan’s 30-year yield rises to a record
Global bond yields rose on Monday as fears of resurgent inflation grip financial markets.
