Citadel Securities Sees Markets Mispricing Fed, ECB Rate Paths

Investors are wrong to bet the European Central Bank will raise interest rates this year while the Federal Reserve cuts, Citadel Securities said, arguing that the oil-price surge makes such policy divergence unlikely. With the conflict in the Middle East lifting crude...

Abu Dhabi’s Judan Buys Stake in SpaceX Investor Alpha Wave

Abu Dhabi’s new $237 billion financial-services holding company Judan is buying a majority stake in Alpha Wave Global, an alternative asset manager that holds stakes in leading artificial intelligence firms including SpaceX, Anthropic and OpenAI. Judan will take a...

Crop Prices Jump as War Snarls Trade and Risks Tightening Supply

Palm and soybean oil prices surged and wheat hovered near the highest in almost two years as the war in the Middle East drove up energy and fertilizer costs and threatened to tighten supplies across agricultural markets. Disruptions to crude oil supplies wrought by...

JPMorgan Sees 10% Correction in S&P 500 as War Risks Build Up

US stock traders are unprepared for a correction in the S&P 500 that would see the gauge fall as much as 10% from its peak as a result of the war in Iran, according to JPMorgan Chase & Co.’s trading desk. Andrew Tyler, JPMorgan’s head of global market...

Yardeni Raises Odds of US Market Meltdown to 35% on Iran War

US stocks are facing a growing risk of a sharp selloff this year as the escalating war in Iran hurts global markets, according to veteran strategist Ed Yardeni, updating his outlook for what he describes as “fast-moving times.” Yardeni has raised the probability of a...