Bloomberg — 2026-05-10#

Lead Story#

President Donald Trump rejected Iran’s latest proposal to end the 10-week conflict in the Middle East, labeling the peace offer “totally unacceptable” and extending the closure of the critical Strait of Hormuz. The geopolitical impasse immediately triggered a surge in oil prices, sent US equity futures sliding, and fueled gold selloffs as inflation fears escalated. Saudi Aramco warned that energy markets will take months to normalize even if the strait reopened tomorrow, though the company concurrently posted blowout first-quarter profits driven by the war-induced spike in global crude and refined fuel prices.

Bloomberg — 2026-05-19#

Lead Story#

Yields on the US Treasury’s longest-dated bond surged to their highest level since 2007 as accelerating inflation fears fueled a massive selloff in global debt markets. The spike in yields—with traders increasingly zeroing in on the 5.5% mark—is unravelling Wall Street’s crowded artificial intelligence and chipmaker trades. This global bond market rout is complicating the landscape for central bankers, particularly incoming Federal Reserve Chair Kevin Warsh and the European Central Bank, as they grapple with the persistent energy price shock stemming from the conflict in Iran.

Bloomberg — 2026-05-22#

Lead Story#

Kevin Warsh was sworn in as the 17th chair of the Federal Reserve during a White House ceremony where President Donald Trump urged him to “just do your own thing”. Warsh takes the helm at a precarious moment for the US economy, as bond traders fully price in a rate hike this year and Fed Governor Christopher Waller warns that rising inflation could force the central bank to resume policy tightening.

CNBC — 2026-05-30#

Lead Story#

A potential U.S.-Iran truce deal and explosive artificial intelligence earnings propelled the S&P 500 to its ninth consecutive winning week, capping off a banner month for markets despite lingering consumer inflation pressures.

Markets & Economics#

Stocks soared to record highs to close out May, with the S&P 500 advancing 5% and the Nasdaq climbing 8% for the month. The rally was fueled by reports that U.S. and Iranian negotiators reached a truce deal, sending oil prices retreating, though analysts warn that commercial traffic through the Strait of Hormuz may remain permanently hobbled due to geopolitical risks. Meanwhile, domestic economic data revealed that consumers are struggling to absorb inflation; real disposable income fell in both March and April, and the personal savings rate dropped to a dismal 2.6% as Americans slash savings to cope with energy costs. Compounding the pressure on lower-income households, more than 3.5 million people have lost SNAP food benefits following the implementation of President Trump’s sweeping cuts.

Bloomberg — 2026-06-25#

Lead Story#

Micron Technology Inc. delivered a blockbuster sales forecast that crushed estimates and singlehandedly revived the artificial intelligence trade on Wall Street. The blowout outlook overshadowed a hot US inflation print, driving a global tech rebound and pushing US stock futures higher as investors bet that the AI infrastructure boom still has plenty of runway.