Wall Street banks are predicting another banner quarter for their trading desks. Bank of America Corp. expects second-quarter revenue from sales and trading to increase about 15% from a year ago, Chief Executive Officer Brian Moynihan said Wednesday. And JPMorgan...

Bank of Japan Governor Kazuo Ueda indicated the need for vigilance over the impact of oil price spikes on the underlying inflation trend without dropping a clear hint on how that dynamic might influence the outcome at next month’s policy meeting. “Japan’s experience...

US consumer confidence edged down in May as views of current economic conditions settled back amid rising prices due to the war in Iran. The Conference Board’s gauge of confidence decreased 0.7 point to 93.1 after an upward revision to the prior month, data released...

🏛️ Market Brief – Warsh Takes The HelmThe week opened on the back foot and ended at a record high. The S&P 500 closed Friday at 7,473.47, up 0.37% on the day and 0.9% for the week, notching its eighth straight winning week. That’s the longest weekly win streak...

The Iran war is driving up the cost of synthetic crop nutrients, pushing growers to embrace alternatives from microbes to manure. James Mills has spent a lot of time thinking about chicken muck lately. After the Iran war disrupted supplies of conventional nitrogen...

Stocks need to see a "meaningful" drop to stop bond yields from surging further, BCA Research says. The research firm noted that higher bond yields have historically been negative for stock prices. The outlook for global stocks now looks "poor," it added. BCA Research...