China’s Energy Imports Plunge as War Chokes Hormuz Shipments
Chinese energy imports fell sharply in April, as the near-halt to shipments through the Strait of Hormuz choked a vital channel for crude oil and natural gas.
Chinese energy imports fell sharply in April, as the near-halt to shipments through the Strait of Hormuz choked a vital channel for crude oil and natural gas.
China’s gold output declined in the first quarter of 2026, weighed down by safety inspections and production suspensions, according to data from the China Gold Association.
Lumentum’s stock performance ranks sixth in the S&P 500 this year. Now the optical company is set to join the Nasdaq-100.
Colombian inflation sped up in April, moving further away from the central bank’s target and raising the likelihood it may need to resume interest rate hikes after an unexpected pause late last month.
This week, China thinks it’s cracked the code on Trump heading into a summit in Beijing. And, what happens when a country’s best and brightest travel overseas and stop coming back? Plus, the most useful thing about crypto might be the one nobody’s talking about: cheap and fast cross-border payments. Later, the smartest bet in the sparkling water boom might not be on any brand, but on the companies behind them. (Source: Bloomberg)
Safepoint Holdings Inc., an underwriter of specialty homeowners and commercial insurance, filed for an initial public offering, disclosing growing profit and revenue.
Pakistan will receive about $1.32 billion after the International Monetary Fund Board approved loan tranches under existing facilities, boosting the country’s ability to shield its economy from increased global risks.
US President Donald Trump’s 10% global tariffs were declared unlawful by a federal trade court just months after the US Supreme Court vacated earlier levies he’d imposed. Brendan Murray has the details on Bloomberg Television. (Source: Bloomberg)
Something funny just happened in the U.S. economy, according to Bank of America after the nation’s number-two bank looked at credit- and debit-card use by its customers.