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Rheinmetall AG shares plunged Wednesday as Germany withdrew from a key warships contract, dealing a blow to investor confidence in the defense contractor following years of huge gains.

Oman opens temporary Strait of Hormuz shipping routes, says no tolls will be charged Reuters

FORM 8.3

Federal Reserve Chair Kevin Warsh is changing how the central bank conducts monetary policy. A fresh look is appropriate, especially given the Fed’s failure to achieve its 2% inflation objective for more than five years. But this needs to be done with greater care than Warsh has shown to date.

Prologis discloses rejected $16.6B all-stock bid, UK logistics giant Segro shares jump

It has long been clear to anybody outside the die-hard MAGA scene that America First would sooner or later amount to America Alone. And still, the accelerating pace at which President Donald Trump is alienating other nations and isolating his own is breathtaking.

The European Union’s competition chief has warned nations against overusing tactics such as citing security risks to stymie bank deals needed to boost the economy.

ECB reports on progress towards euro adoption

Whatever happened, it’s not great.

When investors feel like the stock market is toppy, as many do now, they often compare what they expect stocks and bonds to pay. The yield on stocks should offer a premium over bonds to compensate for higher risk, and it usually does. When this so-called equity risk premium shrinks or disappears ent