Bank of England keeps rates on hold at 3.75% as Iran war shakes outlook
The Bank of England voted to keep its key interest rate on hold at 3.75% on Thursday
Markets are still underpricing Iran war risks, investors warn as oil fluctuates around four-year high
Fresh concerns about the trajectory of the U.S.-Iran war sent Brent crude futures beyond $125 on Thursday.
Eli Lilly blows past quarterly estimates, hikes outlook as Zepbound and Mounjaro sales skyrocket
Lilly hiked its full-year sales outlook by $2 billion, and also raised its adjusted profit guidance.
Euro zone inflation jumps to 3% as economic growth almost stalls
Inflation jumped in April while the euro zone economy expanded a meager 0.1% in the first quarter of the year, data showed on Thursday.
Private credit fears loom large over Europe’s banks this earnings season
Europe’s banks have downplayed their private credit exposures — but uncertainty over hidden stress remains as risks continue to evolve.
Japan puts ‘too much burden’ on U.S. for security, former defense minister Kono says
This comes as U.S. President Donald Trump said Washington is reviewing the possibility of a troop reduction in Germany.
Volkswagen warns planned cost cuts are not enough after 14% drop in first-quarter profit
The results come as top European original equipment manufacturers (OEMs) navigate several industry headwinds.
CNBC Daily Open: ‘Sell in May’ comes early?
Market turbulence picks up amid reports the U.S. military will brief President Donald Trump on potential new action against Iran.
Israel’s economy and financial markets are booming — even as conflict rages in the Middle East
The Israeli economy is massively outperforming a swathe of developed-market peers, including key ally the United States.
SoftBank reportedly weighs $100 billion valuation for new AI and robotics spinout in potential U.S. IPO
SoftBank Group is planning to create and list a standalone artificial intelligence and robotics company, coined “Roze” in the U.S.
