2026-04-29 17:30:18
I’ve questioned before whether Wall Street has the temperament for the artificial-intelligence era. It’s hard to argue it does when just one report from the Wall Street Journal, which suggested OpenAI had missed some internal growth targets, was enough to wipe billions of dollars of value off related stocks. For a moment on Tuesday, you’d have thought the sky was falling on the AI boom.
2026-04-29 17:00:20
The war in the Persian Gulf has been jarring for nearly all countries, not least America’s closest friends. The conflict has brought economic fallout for allies and partners, and raised painful questions about their relationships with the US.
2026-04-29 16:01:06
If US President Donald Trump is right, the Iranian oil industry should be imploding by now. On April 26, he predicted the country’s wells would “explode” in a “very powerful” destructive process starting in three days. That’s today. Considering oil is central to the war, one would hope Trump has his facts right. Unfortunately, he doesn’t.
2026-04-29 12:13:51
The question is whether companies have enough stockpiles on hand to ride out the blockade.
2026-04-29 12:00:20
When Jamie Dimon turned to competitive threats in his shareholder letter this year, the chief executive officer of JPMorgan Chase & Co. did something unusual: He named some. Citadel Securities LLC and Revolut Ltd. were two of the firms Dimon picked out. He could also have added Apollo Global Management Inc. and even Pacific Investment Management Co.
2026-04-29 05:26:50
The country’s sudden exit from the oil cartel might tempt other members to jump ship, too.
