Parker files Chapter 7 after Avalara deal collapse; $58m equity wiped
The e-commerce credit card startup shut down on 4 May after acquisition talks with tax-software firm Avalara collapsed. The Chapter 7 filing lists $50m to $100m in both assets and liabilities.
Economy
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El-Erian warns US has weeks to avoid recession as gasoline hits $4.39
Mohamed El-Erian says the gasoline surge is becoming a consumer-spending shock, leaving the US only a narrow window to avoid recession.
CPI today: how hotter inflation reshapes Fed and market bets
April's 0.6 per cent monthly CPI rise matters because it can delay Fed easing, lift Treasury yields and force equity investors to reprice risk.
Trump gas-tax holiday would barely offset an oil shock at the pump
A federal gas-tax holiday could trim only pennies from a $4.50 gallon while an Iran-driven oil shock keeps the bigger price pressures in crude, freight and refining.
Wolfe Research says oil surge raises central-bank error risk
Brent above $109 is forcing investors to treat oil as a macro-policy shock, with analysts warning the Fed, ECB and BoE could tighten into weaker growth.
Commodities
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Hormuz closure turns oil shock into a stockpile squeeze
UBS, JPMorgan and the IEA say the real risk from a prolonged Strait of Hormuz shutdown is not only higher crude prices but how fast the market runs through usable barrels.
India tightens silver import curbs to ease rupee pressure
India moved to curb most silver imports after a record fiscal-year import bill, widening its effort to support the rupee as precious-metals demand stays firm.
Markets
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Bond selloff shows inflation risk is global again
Treasury, Bund and Gilt yields all climbed on Friday, a sign investors are repricing inflation risk beyond the Fed alone.
Bond markets set borrowing costs across the economy
Bond markets are where governments and companies borrow money, and their yields shape mortgage rates, stock valuations and recession bets. This explainer breaks down how bond prices work, why yields move and what to watch in 2026.
AI data-centre demand reprices power on PJM's wholesale market
PJM's first-quarter price spike suggests AI data-centre demand is moving from chip stocks into wholesale electricity, raising costs across the largest US grid.
Bond market signals inflation, rates and risk appetite in 2026
A jump in Treasury yields is telling investors that inflation risks, real rates and the Fed path still matter more than hopes for quick cuts in 2026.
Latest
Oil and yields snap Wall Street's AI-led rally
Rising crude and a jump in Treasury yields jolted US equities on Friday, exposing how quickly inflation fears can force a repricing of richly valued growth stocks.
Dimon's bond-crisis warning sharpens focus on debt and yields
Jamie Dimon's warning about a bond crisis matters less as a forecast than as a signal that higher yields, heavy Treasury supply and rising interest costs are again shaping how investors price risk across equities and credit.
Wall Street chiefs use Beijing trip to test China access
Citigroup and Goldman Sachs executives used Beijing meetings during Donald Trump's China visit to press the market-access case, underscoring how diplomacy and cross-border finance remain tightly linked.
New York factory gauge jumps to 19.6 as price pressures build
The Empire State survey showed the strongest factory reading since 2022, but rising prices paid and received suggested inflation pressure in goods production remains hard to shake.
Cerebras debut resets valuations for the next AI IPO queue
Cerebras' 70 per cent opening surge is lifting the valuation bar for SpaceX, OpenAI and Anthropic and making the 2026 IPO window tougher for smaller issuers to crack.
Xanadu (XNDU) reports 4x revenue growth, wider first-quarter loss
Xanadu's first quarterly report offered public investors an early test of whether quantum-computing revenue can scale fast enough to offset rising losses and heavy commercialisation spending.
Hancock Whitney buys One Florida Bank for $377.6 million
Hancock Whitney's $377.6 million cash deal for One Florida Bank adds $2.1 billion in assets and gives the regional lender a bigger Orlando foothold.
Bhutan disputes $1 billion bitcoin drawdown flagged by Arkham
Bhutan's sovereign fund disputed Arkham-linked data suggesting a $1 billion bitcoin drawdown, exposing how hard it is to verify state-backed reserve moves from wallet trails alone.
Russia moves to widen legal crypto trades under state oversight
A first-reading vote in Russia's State Duma points to broader legal crypto trading, but through licensed channels and with tighter central-bank control.