Market News Today — AI-Curated Stock & Crypto Headlines

America risks financial credibility with payments deficit obsession

Imposing tariffs in response threatens to create a problem where none exists

Which chokepoint wins in a game of geoeconomic Top Trumps?

It depends on its damage to the target, potential for blowback and durability

The shadow front in the war against Iran

Iraq has been a battleground for Tehran and Washington’s interests since 2003. A murky conflict has broken out there again

BlackRock, L&G and UBS among 60 ESG funds holding BP despite pivot

FT analysis finds actively managed funds retained stakes even after the company backtracked on its oil and gas pledge

Atlassian cuts 10% of workforce to adapt to AI threat

Australian software company is latest technology company to axe roles

US to draw down 172mn barrels of oil from SPR as part of global release

400mn barrels of crude made available as governments race to tackle energy shock

US launches new trade probes into a string of countries and the EU

Investigations are precursor to fresh tariffs after previous levies were struck down by the Supreme Court

Oracle prepares for lay-offs as it hails efficiencies from AI coding tools

Database group set aside an additional $500mn for restructuring costs

Trump’s Iran war pushes petrol past $3.50 in test of US voter patience

Administration has failed to douse surge in fuel prices as Middle East turmoil deepens

FirstFT: IEA launches largest-ever release of oil reserves to counter Middle East energy shock

Also in today’s newsletter: India relaxes rules on Chinese investment, and the Kremlin’s covert campaign to keep Viktor Orbán in …

Cliffwater caps payouts at credit fund as redemption requests surge

Withdrawal requests hit 14% in the first quarter as investors grow skittish on private capital exposure

Mexico’s congress rejects Sheinbaum’s electoral reform proposal

Lower house blocks final step in Morena party’s bid to remake institutions