The Democratic Party’s victories in the 2026 midterm elections have changed the political balance in Washington, giving the opposition control of both chambers of Congress while Donald Trump remains in the White House. The result creates a more difficult environment… Read More ›
Geopolitics
Nvidia’s China Business Faces a Strategic Roadblock Despite Strong AI Demand
Nvidia is facing an unusual problem in one of the world’s largest technology markets. Its advanced artificial intelligence processors are in demand among Chinese technology companies, but a growing stockpile of products in Hong Kong shows that commercial demand alone… Read More ›
Strong US Demand Exposes the Limits of Trump’s Tariff Strategy
The slight reduction in the US trade deficit in September offers little evidence that President Donald Trump’s tariff strategy is fundamentally changing the country’s dependence on foreign goods. Imports continued to rise, reaching a record level, while exports also expanded…. Read More ›
Trump’s Election Setback Could Weaken America’s Trade Negotiating Position
The Democratic Party’s gains in the November midterm elections have created a new political complication for President Donald Trump’s trade strategy. Countries that have spent months negotiating with Washington under the threat of higher tariffs may now have greater incentives… Read More ›
War Disruptions Shift Oil Industry Profits Towards Refining
The latest earnings from ExxonMobil and Chevron reveal how geopolitical instability is changing the distribution of profits across the global oil industry. While crude oil production remains central to the business models of major energy companies, disruptions to refining capacity… Read More ›
Trump’s Venezuela Oil Ambitions Run Into a Shortage of Money and Expertise
Venezuela has spent years trying to revive an oil industry that was once among the most important in the world. Now, with US President Donald Trump promoting a major agreement covering 17 Venezuelan oilfields, the country has another opportunity to… Read More ›
ECB Holds Rates as Energy Inflation and French Debt Complicate Policy
The European Central Bank faces a difficult monetary policy decision as rising energy costs threaten to prolong inflation while higher government borrowing costs put pressure on economic activity. Its expected decision to keep the deposit rate at 2.5% on October… Read More ›
EU Turns to Negotiations as Chinese Imports Put Pressure on European Industry
European Union governments are seeking negotiated agreements with China to address growing concerns about imports and the competitiveness of domestic manufacturers. Ministers have called for discussions covering industries such as chemicals, machinery and pharmaceuticals, extending the debate beyond the automotive… Read More ›
Inflation Revives Expectations of a US Federal Reserve Rate Increase
Expectations for United States monetary policy have shifted as stronger-than-anticipated inflation has weakened the case for further interest-rate cuts. Major brokerages are increasingly considering the possibility that the Federal Reserve will raise rates again before the end of 2026, reflecting… Read More ›
Russia’s Diesel Supply Offer Tests America’s Energy Policy
The prospect of additional Russian diesel reaching United States and international markets exposes a tension between immediate energy affordability and the longer-term strategic objectives of American foreign policy. President Donald Trump announced that Russia would supply substantial quantities of diesel… Read More ›