Some OPEC members are exploring the idea of suspending Russia’s participation in an oil-production deal as Western sanctions and a partial European ban begin to undercut Moscow’s ability to pump more, OPEC delegates said.4 min read
The European Union is set to set to impose its toughest sanctions yet on Russia, banning imports of its oil and blocking insurers from covering its cargoes of crude, as the West seeks to deprive Moscow of cash needed to fund the war on Ukraine.7 min read
A $5.5 trillion bond market supporting the U.S. mortgage industry is being roiled by fears it will be hit in the Federal Reserve’s battle against inflation.1394 min read
U.S. stock futures edged up on the first trading day of June, ahead of a raft of data including job openings and the Federal Reserve’s latest Beige Book on economic conditions.1 min read
The president affirmed a “laser focus on addressing inflation” as he met with Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen.7 min read
STREETWISE
Economic data is weakening, sanctions are tightening on Russia, China’s still crushing supply chains in its effort to stamp out Covid, but U.S. stocks have just put in their best week in more than two years.3 min read
Peltz’s move comes as the company seeks to reinvigorate its performance. The activist investor’s Trian Fund Management holds a 1.5% stake in the Dove owner.5 min read
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