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US firms dash to recover tariffs paid on Chinese imports as refund system launches

For Tim Avanzato and the team at Lanca Sales, Monday marked the start of a high-stakes digital scramble to recover tariffs paid after US President Donald Trump imposed steep duties on almost all imports, including from China, last year. While the New Jersey-based company that imports and exports food packaging has become accustomed to operating under tariffs and adjusting its business around them, Avanzato, who handles global trade and logistics at the firm, said the refund process has...

Cocaine worth over $1.1M seized from 'empty' truck at Texas border

FIRST ON FOX: U.S. Customs and Border Protection (CBP) officers busted a massive drug smuggling attempt in Texas, resulting in more than $1.1 million in cocaine being seized at the southern border.Fox News Digital learned that U.S. Customs and Border Protection officers at the Pharr International Bridge cargo facility intercepted nearly 100 pounds of suspected cocaine in an empty commercial tractor-trailer. The trailer was stopped on April 15 while crossing into the U.S. from Reynosa, Mexico.Thi...

New energy saving grants for households in face of Iran war bill threat

EXCLUSIVE: New energy saving grants for households in face of Iran war bill threatEnergy Secretary Ed Miliband to unveil new package of new zero policies as UK is left counting cost of Middle East energy crisisCommentsMoneyGraham Hiscott Business and Consumer Editor22:30, 20 Apr 2026Updated 22:34, 20 Apr 2026View 4 ImagesAn extra £100million will be used to fast track solar panels on social housing(Image: Getty Images)The government is hiking a boiler upgrade grant in the face of an energy shock...

Cowboys make Brandon Aubrey the highest-paid kicker in NFL history: reports

The Dallas Cowboys have reportedly made kicker Brandon Aubrey the richest kicker in NFL history.The Cowboys announced on Tuesday that they signed Aubrey to a four-year, $28 million contract extension, with multiple outlets reporting on the terms. The 31-year-old will become the first kicker in NFL history to earn $7 million per season.Aubrey has spent three seasons with the Cowboys, making the Pro Bowl in all of them. In his career, Aubrey has nailed 112 of 127 field goals for an 88.2% field goa...

Morocco Mobilizes MAD 80 Billion to Expand Telecom and 5G Networks

Agadir – Morocco accelerated its telecommunications infrastructure, with more than 10,690 out of 10,740 targeted areas now covered by 2G, 3G, and 4G telecommunications services. Delegate Minister for Digital Transition and Administrative Reform Amal El Fallah Seghrouchni outlined the progress achieved and the objectives set for the coming years in the telecommunications services under the national strategy to expand high-speed broadband.  Building on progress of the first phase of the nati...

Trump and his Cabinet offer mixed messages on gas prices amid Iran war

President Trump and his Cabinet officials are offering mixed messages on gas prices as Americans grow increasingly uneasy over the Iran war’s economic impact.   Energy Secretary Chris Wright told CNN on Sunday that gas prices may not drop back below $3 a gallon until next year.   “That could happen later this year, that might not happen until next year,”…

Oil jumps after US seizes Iranian ship near Hormuz

Supply risks around the Strait of Hormuz are pushing crude higher, raising fuel costs and economic pressure worldwide Oil prices jumped on Monday after the US seized an Iranian-flagged cargo ship near the Strait of Hormuz, dimming prospects for peace in the war on Iran and raising fresh supply concerns.  Both Brent and West Texas Intermediate jumped more than 6%, to above $96 and $88 per barrel, respectively, in the latest swing after weeks of volatile trading. The gains follow...

PRIV Owns High-Grade Private Credit: Apollo's Gosden

Andrew Gosden, partner at Apollo Management, joins Katie Greifeld, Scarlet Fu, and Eric Balchunas on "Bloomberg ETF IQ." They discuss the State Street IG Public & Private Credit ETF (ticker: PRIV). The fund has amassed more than $800 million in assets since its launch in February of 2025. (Source: Bloomberg)

Trump sees approval dip the most among young voters in poll

President Trump has seen his approval rating dip the most among young adults in a new poll from NBC News. In the NBC News Decision Desk Poll powered by Survey Monkey and released on Sunday, 76 percent of  Americans under 30 disapproved of the president’s job performance while 24 percent of voters in that age…

Oil shock 2.0? Houthis threaten Bab Al- Mandab shutdown as Hormuz drama reignites, crude prices rebound

As tensions in the Middle East surged again over the weekend, the Iran-backed Houthis threatened to close the Bab al-Mandab Strait, a crucial oil shipping lane that still serves crude flows from the Middle East through Red Sea ports. A Houthis statement gives a hint of the risks to global shipping. "If Sanaa decides to close the Bab Al-Mandab, then all of mankind and jinn (supernatural beings unseen to humans) will be utterly powerless to open it,” Houthi Deputy Foreign Minister Hussein al-Ezzi...

Rally on Pause with Peace Deal Uncertainty | Closing Bell

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. (Source: Bloomberg)

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Is petrodollar starting to crack? How Iran war puts world oil trade at risk

Dubai: The global financial system’s reliance on the US dollar for oil trade is being tested in real time as the Iran war approaches the two-month mark, with a fragile two-week ceasefire window now in focus.What began as a geopolitical shock has evolved into a deeper market shift, forcing investors and policymakers to reassess the durability of the petrodollar system that has underpinned global trade for five decades.Get updated faster and for FREE: Download the Gulf News app now - simply click...

Warsh to Focus on Fed's Monetary Independence in Confirmation Hearing

Bloomberg's Stuart Paul said that a preview of prepared remarks from Trump's pick for Fed Chair Kevin Warsh show that he will focus mainly on the Fed's monetary independence in his confirmation hearing Tuesday. Paul described Warsh's view that the fed is responsible for all inflation, even if it is driven up by external forces, as 'shockingly hawkish' but explained that it could stem from the pressure he will face from the White House to deliver rate cuts. (Source: Bloomberg)

Trump says energy chief ‘wrong,’ expects lower gas prices as soon as Iran war ends

InternationalTrump says energy chief 'wrong,' expects lower gas prices as soon as Iran war endsBy Reuters -Apr 21, 2026US President Donald Trump on Monday dismissed his top energy official’s view that gas prices will not drop until 2027, saying ​Americans can expect lower costs as soon as the Iran war  ‌ends. On Sunday, US Energy Secretary Chris Wright told CNN that while gasoline below $3 a gallon “could happen later this year, that might not happen until next year.” “I think ​he’s wr...

Amazon’s collusion drove up consumer prices, California says, citing new evidence

BusinessInternationalAmazon's collusion drove up consumer prices, California says, citing new evidenceBy Reuters -Apr 21, 2026Amazon.com worked behind the scenes with merchants such as Levi ‌Strauss to prod online rivals such as Home Depot, Walmart and Chewy to raise prices for consumers so it would not be undercut, California’s attorney general said on Monday. Evidence detailing alleged efforts to fix prices was unsealed on Monday, as part of Attorney ​General Rob Bonta’s 3-1/2-year-old an...

USA Rare Earth buys Brazil’s Serra Verde for $2.8 billion

BusinessInternationalUSA Rare Earth buys Brazil's Serra Verde for $2.8 billionBy Reuters -Apr 21, 2026USA Rare Earth said on Monday it will buy Brazilian rare earths miner Serra Verde in a ‌cash-and-stock deal worth $2.8 billion, the latest in a string of acquisitions boosting the company’s mining, processing and magnet-making portfolio. In less than a year, USA Rare Earth’s international acquisition spree has seen it add British rare earths metals and alloy producer Less Common Metals and...

DRAM ETF Surpasses $1B Assets Since Early April Launch

Bloomberg Intelligence's Jake Silverman joins Katie Greifeld, Scarlet Fu, and Eric Balchunas on "Bloomberg ETF IQ." The Roundhill Memory ETF (ticker: DRAM) has the most concentrated exposure to the three dominant memory stocks: SK Hynix, Micron, and Samsung. The ETF already has over $1 billion in assets since it's launch on April 2nd. (Source: Bloomberg)

Europe’s Aviation Sector Faces Imminent Fuel Crunch as Supply Disruptions Deepen

Tetouan – Europe’s aviation industry is confronting the prospect of severe disruption within weeks, as a growing shortage of jet fuel threatens to curtail flights and drive ticket prices sharply higher ahead of the peak summer season. According to Aljazeera, current jet fuel reserves across Europe are only sufficient to cover a limited number of weeks before the continent risks entering a phase of acute shortage.  The warning comes amid escalating pressure on global energy markets linked to ongo...

Sunshine Silver Weighs $400 Million IPO to Fund Reopening of Idaho Mine

Sunshine Silver Mining & Refining Corp. is pursuing an initial public offering to help reopen an Idaho mine, according to people familiar with the matter, adding to a pipeline of mining listings as elevated metals prices draw investor interest.