Oil prices increased in Asian trading on Wednesday, driven by expectations that major producers will sustain output cuts in an upcoming meeting on Sunday, and by the anticipated rise in fuel consumption as the peak summer demand season begins. By 0630 GMT, Brent crude futures for July delivery had gained 18 cents, or 0.2%,

  JPMorgan Chase (NYSE) is closely coordinating with local officials following a building explosion in Youngstown, Ohio, a bank spokesperson confirmed. The statement came after a video of the alleged blast was shared on X. The company is currently ensuring the safety of individuals in the building and the surrounding area. The spokesperson added that

  A New York prosecutor told jurors on Tuesday that the hush money payment central to former President Donald Trump’s criminal trial was an attempt to “deceive the American voter” during the 2016 election, as attorneys presented their closing arguments. Prosecutor Joshua Steinglass argued that the $130,000 payment made to ensure porn star Stormy Daniels

  A European private wealth manager in Hong Kong shared with me last week that he recently secured a Taiwanese billionaire’s account, thanks to geopolitics. The billionaire had narrowed down his choices to two major wealth managers—UBS and JPMorgan Chase—after the collapse of Credit Suisse last year. He wanted to add a third bank but

    Bitcoin’s price edged up slightly on Wednesday but remained confined within a recent trading range as caution over U.S. inflation and interest rates kept traders wary of risk-driven assets like cryptocurrencies. However, the world’s largest cryptocurrency saw some relief after media reports suggested that crypto exchange Mt. Gox clarified it had no immediate

  The dollar strengthened on Wednesday due to increasing expectations that the Federal Reserve will delay cutting rates until later this year, ahead of critical inflation reports. Meanwhile, the yen weakened to its lowest point in four weeks. The rise in Treasury yields also bolstered the dollar, following a tepid response to the auction of