Thursday, June 4, 2026

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Oil prices climb after Trump dismisses Iran’s response to peace plan

Oil prices have climbed after Donald Trump condemned Iran’s response to US proposals to end the war as “totally unacceptable”. The president’s rejection of Tehran’s overture in a post on his Truth Social platform triggered a jump in Brent crude,...

US Senate expected to confirm Kevin Warsh as next Federal Reserve chair

The US Senate is expected to confirm Kevin Warsh this week as chair of the Federal Reserve, as Donald Trump continues his campaign to influence the world’s most important central bank. The Fed’s influence over the economy spans from the...

Advisers urge JP Morgan investors to vote to split chair and CEO positions

Investors in JP Morgan have been urged to vote in favour of splitting the role of chief executive and chair at America’s largest bank, amid concerns over the power wielded by its billionaire boss Jamie Dimon. ISS and Glass Lewis,...

Saudi Aramco profits jump despite conflict in Middle East

Saudi Arabia’s state oil company reported a 26% jump in profits in its first quarter as its east-west pipeline allowed it to ship millions of barrels of oil out of the Gulf despite conflict in the Middle East. Profits at...

Spiritless summer: Americans feel squeeze of costly fuel amid busy travel season

Chelsea Blackmore saves up every year for an annual vacation with her 58-year-old mother. This year, after landing an especially good deal, they made plans to embark on a Disney cruise from Orlando. To keep costs low, she bought the...

General Motors to pay $12.75m settlement for selling drivers’ location and data

General Motors (GM) agreed to pay $12.75m to resolve claims that it illegally sold hundreds of thousands of Californians’ location and driving data to two data brokers, said the state’s attorney general, Rob Bonta, on Friday. He said this...

ABC lawyers accuse Trump’s FCC of punishing network for political reasons

Lawyers representing an ABC station have accused the Federal Communications Commission (FCC) of punishing the network for political purposes in a strongly worded attack on the Trump-controlled commission’s investigation into the top-rated talkshow, The View. In a legal motion filed...

US added 115,000 jobs in April in surprise gain amid Iran war uncertainty

US employers added 115,000 jobs in April and the unemployment rate remained steady at 4.3%, a surprisingly robust gain to the labor marketas the US-Israel war with Iran continued to drive up economic uncertainty. Economists projected about 55,000 new jobs...

Trump walks back threat to rip up part of EU trade deal but tells bloc to ratify by 4 July

Donald Trump has walked back from his threat to tear up part of the US trade deal with the EU by hiking tariffs on car imports. The US president has given the EU until 4 July to implement its side...

‘The worst time for wheat’: US farmers face losses to extreme heat and drought

Merrill Nielsen’s wheat crop looked healthy after he planted it in the fall on his 2,500-acre farm in north-central Kansas, about 50 miles west of Salina, the plants benefiting from higher-than-normal November rainfall. But an abnormally warm and dry winter,...
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News Wrap: Ukraine strikes oil depot deep inside Russia

In our news wrap on Wednesday, Ukraine says it struck an oil depot in Russia's St. Petersburg with drones...
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