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How Shipping Insurance Really Works During a War | Odd Lots
When the conflict with Iran started, some of the first headlines we saw had to do with shipping insurance. Marine insurers were said to be cancelling war risk coverage for vessels going through the Strait of Hormuz. Premiums were said to surge. Meanwhile, the Trump administration announced it would offer its own insurance for ships traversing the Gulf, in an effort to get things moving again. So why is insurance such a crucial part of maritime trade? And how does the system actually work? In thi...
Trump’s tariff powers tested again as judges question ‘deficit’ justification
US President Donald Trump’s tariffs returned to court on Friday, as a three-judge Court of International Trade panel in New York sharply questioned both sides while weighing the legality of a new set of tariffs he imposed in February, shortly after a Supreme Court ruling declared most of his sweeping levies unlawful. While the judges offered few clues on how they might rule on the Section 122 tariffs, the court has previously rejected business challenges seeking to invalidate Section 301 tariffs...
The debate over what's considered middle class in the U.S.
A recent article about a family of three making $500,000 in New York City has sparked a debate over what's considered middle class in the U.S. CBS News contributor Roland Fryer reacts to the article and explains how the middle class has changed.
Krugman on Hassett economic growth projections: ‘We haven’t had that in generations’
Nobel Prize-winning economist Paul Krugman on Thursday slammed National Economic Council Director Kevin Hassett’s statement that President Trump’s policies will create a golden age and cause the economy to grow by 4 percent to 5 percent this year. Hassett, Trump’s top economic adviser, made the statement on Thursday during an interview on Fox Business’s “Mornings…
Greens win seat from Reform UK in Farage's 'flagship' council after by-election sparked because incumbent was jailed
Greens win seat from Reform UK in Farage's 'flagship' council after by-election sparked because incumbent was jailedBy CHRISTIAN CALGIE Published: 22:24, 10 April 2026 | Updated: 22:25, 10 April 2026 e-mail 26 shares
Akhannouch Says Morocco on Track to Create Over 1 Million Jobs by End of 2026
Rabat – Morocco is on track to create more than one million jobs by the end of 2026, Head of Government Aziz Akhannouch said on Friday as he chaired a meeting to review progress in the country’s employment strategy. The announcement comes as part of a broader assessment of the government’s employment roadmap, which officials said has already delivered positive indicators in the labor market. According to data presented during the meeting, Morocco’s economy created 850,000 jobs in non-agric...
Prof. Schlevogt’s Compass No. 52: High time to say comeback – Why MNCs belong back in Russia
By returning to Russia now, foreign companies can regain lost ground ahead of competitors – time for Truth and Reconciliation 2.0 There is a time for goodbye – and a time for reunion. When foreign companies beat a hasty retreat from Russia in 2022 amid the Ukraine conflict, they framed their departures as a moral necessity. In truth, for many, it was a costly act of panic: abrupt, politically driven, and strateg...
Magnolia CEO: Aiming for Healthy Traffic in US Expansion
Magnolia Bakery CEO Nathan Louer discusses US franchise expansion, remaining an ‘attainable luxury,’ and why driving traffic is the key to the company’s long term strategy. He talks with Katie Greifeld and Bailey Lipschultz on “The Close.” (Source: Bloomberg)
Almost 6 in 10 still say taxes too high: Gallup
A new poll found that most Americans say they pay too much in taxes, a metric that has remained high for the fifth year in a row. Gallup’s poll released Friday shows that nearly 6 in 10 Americans, or 59 percent, said their taxes are too high. A slightly smaller portion at 37 percent said…
San Francisco man arrested after allegedly hurling Molotov cocktail at OpenAI boss Sam Altman's mansion
San Francisco man arrested after allegedly hurling Molotov cocktail at OpenAI boss Sam Altman's mansionSign up for our US Editor's Picks newsletter to get all the best exclusive storiesBy WILKO MARTÍNEZ-CACHERO, US REPORTER Published: 21:52, 10 April 2026 | Updated: 22:03, 10 April 2026 e-mail 37 View comments
Trump tariff refund tool will go live on April 20, US Customs says
Importers seeking tariff refunds will be able to begin filing their requests on April 20, US Customs and Border Protection said on Friday. In the first phase, the CBP’s Consolidated Administration and Processing of Entries tool, called CAPE, will process paperwork for certain straightforward and recent import entries – leaving more complex refund scenarios for later. The move comes as the administration looks to comply with the February ruling by the US Supreme Court that threw out duties that.....
Top Gulf Aluminum Maker Declares Force Majeure on Some Contracts
Emirates Global Aluminium, the Middle East’s top producer of the metal, invoked force majeure clauses to suspend at least some deliveries after one of its smelters was put out of action by an Iranian attack.
Spain, Morocco Move Closer to Building Strait of Gibraltar Tunnel
Marrakech – Spain and Morocco have taken a major step toward building a submarine tunnel under the Strait of Gibraltar. A memorandum of understanding (MoU) was signed between Spain’s National Geographic Institute and Morocco’s National Center for Scientific and Technical Research (CNRST) to conduct joint research on the seismicity and geodynamics of the strait. Spanish Transport Minister Óscar Puente and his Moroccan counterpart, Karim Zidane, met on December 4, 2025 at La Moncloa to forma...
Mining Executives Accused of Hijacking Brazil Lithium Claims
Executives at Canadian minerals explorer Emerita Resources Corp. have been accused by Ontario’s securities regulator of diverting the firm’s lithium project rights to a new company they controlled.
Wall Street Strategists Wrestle With War’s Toll on 2026 Outlook
A fragile Middle East ceasefire sent traders rushing back into risk assets this week. Yet Wall Street strategists warn that the war has already scarred inflation, energy supplies and the Federal Reserve’s ability to act — damage no truce can quickly undo.
Stocks Halt Winning Streak | Closing Bell
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Katie Greifeld, Bailey Lipschultz, Emily Graffeo and Tim Stenovec. (Source: Bloomberg)
Crispin Odey drops £79m libel claim against FT over sexual misconduct allegations
Former hedge fund manager ‘forced to accept’ newspaper likely to succeed in its public interest defence, say his lawyersCrispin Odey, the former hedge fund manager, has dropped his £79m libel claim against the Financial Times over its reporting of sexual misconduct allegations against him, his lawyers have said.In 2023, the FT published several articles from 20 women alleging sexual assault and harassment against Odey, covering a period of five decades. He has previously denied the allegations a...
Middle East war triggering global energy ‘shock’ – IMF
Disruptions to oil and gas supplies will leave lasting “scars” on the world economy, managing director Kristalina Georgieva has said The war in the Middle East has delivered a major global energy supply “shock” that will push up prices further and leave the world economy facing weaker growth, the IMF has warned. The US-Israeli attack on Iran and subsequent Iranian retaliatory strikes across the regio...
Syrian Finance Minister Says 2026 Budget Gap Is $1.8 Billion
Syrian Finance Minister Mohammed Yisr Barnieh presented the main items of the state’s 2026 general budget on Thursday, April 9, under the title “Citizens’ Version of the 2026 Budget,” pledging greater transparency and broader public understanding of its provisions. At a press conference attended by Enab Baladi, Barnieh said the new document aims to explain the 2026 budget in simplified language, including definitions of terms and figures, a breakdown of spending and revenues, and their direct im...
Why Opening the Hormuz Won’t Lower Gas Prices
Our energy reporter Rebecca F. Elliott explains why, even if the flow of energy is restored through the Persian Gulf, it will take months to carry out repairs across dozens of energy sites in the region.