Popular children’s retailer files for Chapter 11 bankruptcy

Stocks climbed today as tensions in the Middle East eased—thanks to a surprise truce brokered by former President Trump—sending oil prices lower. The S&P 500 inched closer to its all-time high, just 1% shy of February’s peak, as investors breathed a sigh of relief over the fragile cease-fire between Israel and Iran.

Editor’s Note: Markets hate uncertainty, and this deal—however shaky—takes some geopolitical risk off the table. Cheaper oil could ease inflation worries, while the stock rally suggests traders are betting on calmer waters ahead. But with cease-fires often fragile, don’t pop the champagne just yet.

DBS, Singapore's biggest bank, is planning to bring on around 40 new private bankers in Hong Kong and Singapore this year. The move is aimed at serving high-net-worth clients in North Asia, signaling a push to grow its wealth management business in the region.

Editor’s Note: This isn’t just about filling desks—it’s a bet on the growing wealth in North Asia. More private bankers mean DBS is gearing up to handle bigger money flows, especially from ultra-rich clients in places like China. For the bank, it’s an expansion play; for the market, it’s a sign that private banking is heating up in the region.

Former President Donald Trump suggested that China could continue purchasing oil from Iran but pushed for them to buy more U.S. crude instead. The remark highlights ongoing tensions over global oil markets and trade dynamics, with Trump positioning American energy as a preferable alternative.

Editor’s Note: This isn’t just about oil—it’s a snapshot of how geopolitical rivalries play out in trade. Trump’s comment reflects the U.S. balancing act: trying to curb Iran’s oil revenue (often a sticking point in sanctions) while also promoting American exports. For China, it’s a reminder that energy deals are never just about business—they come with political strings attached.

Markets are reacting to a mix of geopolitical and economic signals—Israel and Iran have reportedly reached a ceasefire, easing tensions in the Middle East. Meanwhile, Federal Reserve Chair Jerome Powell’s latest testimony is keeping investors on edge about future interest rate moves, and FedEx’s outlook is adding another layer to the economic puzzle. It’s a busy day for traders weighing risks and opportunities.

Editor’s Note: When big geopolitical tensions cool off (like Israel-Iran), it usually calms markets, but Powell’s words can swing things the other way if he hints at rate hikes or delays. FedEx’s outlook matters because it’s seen as a bellwether for global trade—so if they’re optimistic or cautious, it often reflects broader economic health. Basically, it’s one of those days where markets are juggling a lot at once.

UBS strategist Bhanu Baweja thinks markets aren’t worried about tariffs right now—at all. In fact, he says the lack of concern might be a reason to tread carefully with stocks in both the U.S. and Europe. Basically, if investors aren’t pricing in potential trade risks, any surprise moves could catch them off guard.

Editor’s Note: Tariffs can shake up global trade and corporate profits, so when a top strategist points out that markets are ignoring them entirely, it’s worth noting. It’s not a doom-and-gloom warning, but more like a heads-up: if trade tensions flare up again, the market might not be ready for it.