Still beautiful? Trump’s tax cuts and spending plans look ominous

The One Big Beautiful Bill Act, or OBBBA for short, will raise the fiscal deficit from 6.4% to more than 7% of GDP, pushing up long-term interest rates. Look to the bond markets for honest reactions.

Toufic Chanbour

Oil Rises On Prospect of OPEC+ Supply Cut

Oil rose more than 1% on Monday, extending last week's gain, as potential OPEC+ output cuts and conflict in Libya helped to offset a strong U.S. dollar and a dire outlook for U.S. growth. Saudi…

Gulf Stocks Fall On Tight Monetary Policy Outlook

Major Gulf stock markets ended lower on Sunday as investors in the region reacted to comments by Federal Reserve Chair Jerome Powell signaling the U.S. economy would need tight monetary policy "for…