China’s Declining Appetite for Oil Laid Bare by Iran War

May 27, 2026 | Markets

Chinese imports of crude oil are set to drop to levels not seen since the pandemic, as the war in Iran reveals the extent to which demand has disappeared and may not be coming back. Inbound shipments could fall to an average of 10.9 million barrels a day this year,...

KKR’s Nuttall Says Trading Private Credit Is ‘Likely to Happen’

May 27, 2026 | Markets, Private Credit

KKR & Co.’s co-chief executive officer Scott Nuttall said it was likely that the alternative asset manager would eventually start trading private credit, following early efforts by Apollo Global Management Inc. to create a market for less liquid debt. “The...

JPMorgan and BofA CEOs Predict New Round of Trading Windfalls

May 27, 2026 | Markets, Private Credit

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...

BOJ’s Ueda Warns of Oil Shock Impact on Entire Inflation Regime

May 26, 2026 | Markets

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 Slips Amid Widespread Price Worries

May 26, 2026 | Markets

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...