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Today: April 17, 2026
Today: April 17, 2026

Economy

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State Street's profit rises on robust fee income

State Street reported a rise in first-quarter profit on Friday, as market volatility lifted the custody bank's client activity and fee revenue.

State Street's profit rises on robust fee income
Business|Economy|Environment|Europe|World

Russian billionaire says drone attacks affect nitrogen fertiliser trade

By Olesya Astakhova MOSCOW, April 17 - Drone attacks in recent months are having a significant impact on the Russian nitrogen fertiliser industry, billionaire Andrei Melnichenko, founder of fertiliser

Russian billionaire says drone attacks affect nitrogen fertiliser trade
Business|Economy|Finance|Stock Markets|US

US regional lenders lift veil on 'shadow bank' exposure after strong quarter

Several U.S. regional lenders this week detailed their exposure to non-bank firms after posting strong lending growth and beating first-

US regional lenders lift veil on 'shadow bank' exposure after strong quarter
Business|Economy|Finance|Political|Stock Markets|World

Wall Street stocks flourish, oil dives below $90 after Iran says Strait of Hormuz is open

Wall Street stocks followed global indexes higher and the price of oil tumbled more

Wall Street stocks flourish, oil dives below $90 after Iran says Strait of Hormuz is open
Africa|Americas|Asia|Business|Economy|Europe|Finance|MidEast|Political|Stock Markets|US|World

Macron and Starmer welcome Hormuz reopening and push for permanent navigation security

France and the U.K. have welcomed the announcement by Iran and the U.S. that the Strait of Hormuz is open

Macron and Starmer welcome Hormuz reopening and push for permanent navigation security
Business|Economy|Environment|Finance|Political|Stock Markets|US|World

Oil falls by 13% after Iran declares Strait of Hormuz open

Oil prices plunged by about 13% on Friday after Iran's foreign minister said passage for all commercial vessels through the Strait of Hormuz was

Oil falls by 13% after Iran declares Strait of Hormuz open
Economy|Finance|Stock Markets|World

BOJ's hawkish hints keep rate hike on the cards

Bank of Japan Governor Kazuo Ueda refrained from pre-committing to an April rate increase as the Iran war muddled the outlook, but left a few hawkish

BOJ's hawkish hints keep rate hike on the cards
Business|Economy|Finance|Stock Markets|US|World

Reopened Strait of Hormuz, oil price decline may recast Fed's options for future rate cuts

Reopened Middle East shipping and plummeting oil prices on Friday boosted bets the Federal Reserve may begin cutting interest rates

Reopened Strait of Hormuz, oil price decline may recast Fed's options for future rate cuts
Business|Economy|Finance|Stock Markets|World

Wall Street indexes rally after Iran says Strait of Hormuz 'completely open'

The benchmark S&P 500 and the tech-heavy Nasdaq touched all-time highs on Friday, while the blue-chip Dow hit its highest level in over two months,

Wall Street indexes rally after Iran says Strait of Hormuz 'completely open'
Economy|MidEast|Political|World

Iran says Hormuz Strait open after Lebanon truce, Trump expects Iran deal 'soon'

Iranian Foreign Minister Abbas Araqchi said the Strait of Hormuz was open following a ceasefire agreement in

Iran says Hormuz Strait open after Lebanon truce, Trump expects Iran deal 'soon'
Economy|Europe|Sports|World

Italy saw modest growth in Q1, supported by Olympics, central bank estimates

The Italian economy posted modest growth in the first quarter, supported by the Winter Olympics in February which drew a major influx of tourists, the country's central

Italy saw modest growth in Q1, supported by Olympics, central bank estimates
Arts|Business|Economy|Environment|Finance|Lifestyle|Technology|Travel|US|World

US received 6,000 applications for air traffic control roles, transportation secretary says

The U.S.

US received 6,000 applications for air traffic control roles, transportation secretary says
Business|Economy|Health|Science

Why the future of marijuana legalization remains hazy despite high public support

A cannabis legalization movement that for a decade rode a wave of success has stalled amid failed ballot initiatives, rising health concerns and a frayed coalition of supporters.

Why the future of marijuana legalization remains hazy despite high public support
Business|Economy|Finance|Political|Stock Markets|World

Oil plunges 13%, Dow soars 1,000 points after Iran says Strait of Hormuz is ‘completely open’ during ceasefire

Oil plunges 13%, Dow soars 1,000 points after Iran says Strait of Hormuz is ‘completely open’ during ceasefire

Oil plunges 13%, Dow soars 1,000 points after Iran says Strait of Hormuz is ‘completely open’ during ceasefire
Business|Economy|Political|US|World

Congress extends contentious surveillance law for 10 days after GOP leaders’ push for more collapses

Congress extends contentious surveillance law for 10 days after GOP leaders’ push for more collapses

Congress extends contentious surveillance law for 10 days after GOP leaders’ push for more collapses
Arts|Business|Economy|Education|Entertainment|Finance|Stock Markets|Technology

It's not just Allbirds - another meme-stock season is on the horizon, Vanda Research says

U.S. tax season is over, but meme-stock season is just getting started.

It's not just Allbirds - another meme-stock season is on the horizon, Vanda Research says
Business|Economy|Finance|Stock Markets|US

Fifth Third quarterly adjusted profit rises on interest income strength

Fifth Third Bancorp reported a rise in first-quarter adjusted profit on Friday, driven by increased net interest income and strength in its capital markets division.

Fifth Third quarterly adjusted profit rises on interest income strength
Business|Economy|Finance|Political|Stock Markets|US|World

US equity funds extend inflows on Iran de-escalation hopes

U.S. equity funds attracted strong demand in the week through April 15 as expectations of an early resolution to the Iran conflict and resilient corporate results boosted risk

US equity funds extend inflows on Iran de-escalation hopes
Business|Economy|Environment|Europe|Political|World

Spain's far-right Vox party secures first regional coalition deal with conservatives

Spain's far-right party Vox and the mainstream conservative opposition People's Party have struck a preliminary deal to govern in coalition in

Spain's far-right Vox party secures first regional coalition deal with conservatives
Business|Economy|Finance|Stock Markets|US

Truist beats profit view on strong growth in investment banking, trading

U.S. bank Truist Financial topped first-quarter profit estimates on Friday, thanks to solid growth in investment banking fees and trading, as well as higher

Truist beats profit view on strong growth in investment banking, trading
Business|Economy|World

Canadian housing starts decrease 6% in March

Canadian housing starts posted a surprise decline in March, falling 6% from the previous month, data from the national housing agency showed on Friday.

Canadian housing starts decrease 6% in March
Business|Economy|Europe|Political|World

Hungary's Magyar starts early EU talks to unblock funds

Hungary's incoming prime minister Peter Magyar said on Friday he was about to start initial talks with EU officials in Budapest as there was no time to waste in his

Hungary's Magyar starts early EU talks to unblock funds
Business|Economy|Finance|Stock Markets|World

UBS capital rules could hurt Swiss economy, bank-commissioned study finds

Capital requirements proposed by the Swiss government for UBS could have a sustained drag on Switzerland's economy, a study commissioned by the bank found, as a showdown

UBS capital rules could hurt Swiss economy, bank-commissioned study finds
Business|Economy|Finance

Companies scramble for tariff refunds as US prepares to launch claim process

By Timothy Aeppel, Nicholas P.

Companies scramble for tariff refunds as US prepares to launch claim process
Business|Economy|Finance|World

Dollar drops after Strait of Hormuz declared open, set for second weekly decline

The U.S. dollar fell on Friday and was on track for a second consecutive weekly decline, extending losses after Iran said the Strait of Hormuz was

Dollar drops after Strait of Hormuz declared open, set for second weekly decline
Business|Economy|Political|World

US is leading G20 initiative to ensure fertilizer access, sources say

The U.S. is urging G20 members and the International Monetary Fund and World Bank to take coordinated action to ensure fertilizer access amid

US is leading G20 initiative to ensure fertilizer access, sources say
Business|Economy|Europe|Finance|Stock Markets

Bank of England's Pill sees inflation focus as top priority over other trade-offs

Bank of England Chief Economist Huw Pill said on Friday that the central bank's main focus should be getting inflation to its 2% target.

Bank of England's Pill sees inflation focus as top priority over other trade-offs
Business|Economy|World

Bank of England chief economist criticises colleagues' 'wait and see' messaging

Bank of England Chief Economist Huw Pill on Friday criticised his colleagues' "wait and see" messaging on keeping policy on hold while the Iran war

Bank of England chief economist criticises colleagues' 'wait and see' messaging
Business|Economy|Finance|Health|Stock Markets

Lilly's obesity pill draws 1,390 US prescriptions in launch week

Eli Lilly's newly launched weight-loss pill was prescribed 1,390 times in the U.S. in its first week of sales, according to analysts who cited IQVIA data,

Lilly's obesity pill draws 1,390 US prescriptions in launch week
Business|Economy|Political|World

A fragile calm in Lebanon as a US-brokered truce holds and families head home

A fragile calm has settled over parts of Lebanon as a 10-day ceasefire brokered by the United States takes hold between Israel and Hezbollah

A fragile calm in Lebanon as a US-brokered truce holds and families head home
Arts|Business|Economy|Environment|Finance|Political|Technology

Takeaways from AP-Grist reporting on federal support for rural renewable energy

The Associated Press and Grist have collaborated on a project to analyze how federal policy changes on energy are affecting farmers

Takeaways from AP-Grist reporting on federal support for rural renewable energy
Economy|Environment|Opinion|Sports

‘Right to race’ laws and the battle over America’s local racetracks

State lawmakers are trying to shield tracks from nuisance lawsuits − but the larger threat may be rising land values and redevelopment pressures.

‘Right to race’ laws and the battle over America’s local racetracks
Business|Economy|Entertainment|Finance|Stock Markets|US

QVC’s parent company files for bankruptcy

QVC’s parent company files for bankruptcy

QVC’s parent company files for bankruptcy
Business|Economy|Environment|World

Cheboygan business owners brace for the worst as dam water levels continue rising

Cheboygan business owners brace for the worst as dam water levels continue rising

Cheboygan business owners brace for the worst as dam water levels continue rising
Economy|Europe|Political|World

Polish leader Tusk claims Russia-linked crypto firm backed Nawrocki's presidential bid

Polish Prime Minister Donald Tusk claims a cryptocurrency firm with “Russian money” has sponsored politicians from Poland's former government

Polish leader Tusk claims Russia-linked crypto firm backed Nawrocki's presidential bid
Economy|Education|Environment|Health

More than a dozen traveling preschools to close across Hawaii

More than a dozen traveling preschools to close across Hawaii

More than a dozen traveling preschools to close across Hawaii
Business|Economy|Environment|World

Argentina wheat threatened by high urea fertilizer prices due to Iran war

The Iran war has strongly boosted prices of the urea fertilizer that is vital to ensuring a successful wheat harvest in Argentina, forcing

Argentina wheat threatened by high urea fertilizer prices due to  Iran war
Business|Economy|Finance|Stock Markets|US

Surging record-high US stocks to wade deeper into earnings season

Investors will look to a heavy week of U.S. corporate results to further fuel a stunning rebound in the U.S. stock market, which has shaken off war-

Surging record-high US stocks to wade deeper into earnings season
Business|Economy|Finance|Stock Markets|World

Equity fund inflows rise as war risks recede, upbeat earnings boost mood

Global equity funds received a fourth successive weekly inflow in the week through April 15 as upbeat earnings and increased optimism that the Iran war could be resolved more

Equity fund inflows rise as war risks recede, upbeat earnings boost mood
Business|Economy|Finance|Stock Markets|World

Hedge fund stock buying hits $86 billion as Iran peace hopes, Goldman data shows

Systematic hedge funds boughts stock at a record pace in the last five trading sessions, adding $86 billion of stock exposure, said a Goldman Sachs note

Hedge fund stock buying hits $86 billion as Iran peace hopes, Goldman data shows
Asia|Business|Economy|Environment|Political

Sri Lanka's Energy Minister resigns

Sri Lanka's Energy Minister Kumara Jayakody and ministry secretary Udayanga Hemapala resigned on Friday following an outcry over coal imports for

Sri Lanka's Energy Minister resigns
Arts|Business|Economy|Entertainment|Technology

Walmart's Flipkart plans foray into India's ticketing market as live events boom, sources say

Walmart-owned Indian e-commerce firm Flipkart plans to sell movie and concert tickets in India, moving

Walmart's Flipkart plans foray into India's ticketing market as live events boom, sources say
Business|Economy|World

US tariffs drive steep drop in EU exports for second month

European Union exports to the United States dropped by more than a quarter for a second consecutive month in February, but may be exaggerating the

US tariffs drive steep drop in EU exports for second month
Economy|Europe|MidEast|Political|World

Over a dozen countries offer to play role in Hormuz mission, Starmer says

More than a dozen countries said on Friday they were willing to join an international mission to protect shipping in the Strait of Hormuz when

Over a dozen countries offer to play role in Hormuz mission, Starmer says
Business|Economy|Technology|World

EV maker Polestar's fourth-quarter revenue jumps, loss narrows

Sweden's Polestar on Friday reported a sharp jump in fourth-quarter revenue and a smaller loss, as the electric vehicle maker ramped up production and cut costs to cater to

EV maker Polestar's fourth-quarter revenue jumps, loss narrows
Business|Economy|Environment|Finance|Stock Markets|World

Investors give peace a chance

  Everything Mike Dolan and the ROI team are excited to read, watch and listen to over the weekend. From the Editor Hello Morning Bid readers!

Investors give peace a chance
Business|Economy|Political|World

At Cuba's Bay of Pigs, a victory against U.S. invaders stirs pride, fresh parallels

Orestes Chamizo points at a scrubby patch of sand on Cuba's Bay of Pigs, showing the spot where a brigade of U.S.-trained Cuban exiles landed

At Cuba's Bay of Pigs, a victory against U.S. invaders stirs pride, fresh parallels
Arts|Business|Economy|Political

A Trump pledge is falling flat as Ohio musical instrument plant closes

When Keith Czika learned the brass-instrument factory where he had worked for nearly 18 years was closing and his job was headed to China, the 62-

A Trump pledge is falling flat as Ohio musical instrument plant closes
Africa|Economy|Political|Travel|World

Pope urges Cameroon to reject violence at Mass that draws 120,000 people

Pope Leo called on Cameroonians on Friday to reject violence and be generous with their neighbours during an event billed as

Pope urges Cameroon to reject violence at Mass that draws 120,000 people