The financial markets are belief systems. They believe in earnings, in productivity, in institutions. When those beliefs hold, valuations stretch upwards. But when they crack, everything snaps. On Monday, $1.4 trillion in stock market value vanished. The Dow Jones has had its worst April since 1932.The S&P 500 is now delivering…

The International Monetary Fund sharply cut its growth outlook for Latin America and the Caribbean in 2025, with a steep contraction in Mexico’s growth accounting for nearly the entire region’s slowdown.In its latest World Economic Outlook released on Tuesday, the fund slashed its regional GDP growth forecast to 2.0% next…

On Tuesday, Mexican President Claudia Sheinbaum publicly rejected the International Monetary Fund’s (IMF) recent prediction of a 0.3% contraction in Mexico’s economy in 2025. During her regular morning press briefing, Sheinbaum stated that the government disagrees with the projection and questions the assumptions underlying it.“We don’t know what it is…

Gunmen killed up to 26 people in one of the deadliest attacks on civilians in India’s northern Jammu and Kashmir region in years. The assault prompted Prime Minister Narendra Modi to cut short his trip to Saudi Arabia.Local officials confirmed at least 16 deaths, although several media reports suggest that…

In a note released recently, JPMorgan has predicted that the price of gold could surpass $4,000 per ounce in the coming year. This forecast is based on the bank’s assessment of heightened recession risks, which are being fueled by escalated US tariffs and the continuing trade conflict between the US and…

Jammu and Kashmir Bank shares declined sharply on Wednesday, falling nearly 9% in early trade after a terror attack in the popular tourist destination of Pahalgam in the north Indian region of Jammu & Kashmir left at least 26 civilians dead. The incident, which occurred on Tuesday afternoon at Baisaran,…

Germany’s Bundesnetzagentur, the regulatory body overseeing the country’s energy grid, has announced a proposal aimed at providing financial relief to power consumers. The plan involves gradually phasing out payments currently made to smaller, conventional power generation units over a three-year period, starting from 2026 and ending in 2028, according to a…

BP shares climbed by more than 5% on Wednesday after hedge fund Elliott Management revealed a 5.006% stake in the British oil major.The stock was up 5.11% at 10:12 a.m. London time, partially reversing its declines year-to-date. The jump follows Elliott’s regulatory filing late Tuesday, which confirmed its holding in…