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European drivers face paying an extra €220 (£190) a year at the pumps because of the surge in oil prices caused by the war in Iran, analysts have warned. In the UK, a separate estimate puts the cost at an extra £140.A sustained oil price of $100 a barrel, the level seen on Monday, would mean motorists in the EU paying €55bn more over a year, researchers at the Transport & Environment (T&E) thinktank estimated. That is the equivalent of an average of €220 for each driver, with higher-mileage drivers facing even bigger hikes. The assessment was made by comparing…

Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during the America Business Forum in Miami, Florida, US, on Thursday, Nov. 6, 2025. Eva Marie Uzcategui | Bloomberg | Getty ImagesJPMorgan Chase is reducing its exposure to the private credit industry by marking down the value of loans held by the bank as collateral, according to a person with knowledge of the moves.The bank’s giant Wall Street trading division has reduced the value of loans — most of which were made to software firms — sitting within the financing portfolios of private credit clients, said the person, who declined…

Stock futures tumbled after hours on Wednesday, building on earlier losses for the S&P 500 and Dow Jones Industrial Average, as crude-oil prices pressed higher.

Zerohash powers Morgan Stanley, BlackRock, Franklin Templeton, Stripe and Interactive Brokers. Its OCC charter application changes what that means for all of them at once.    FinTech moves fast. News is everywhere, clarity isn’t. FinTech Weekly delivers the key stories and events in one place. Click Here to Subscribe to FinTech Weekly’s Newsletter Read by executives at JP Morgan, Coinbase, BlackRock, Klarna and more.     On March 4, Zerohash filed an application for a national trust bank charter with the Office of the Comptroller of the Currency (OCC). On February, Morgan Stanley had filed the same application for a…

These are some of the stocks posting the largest midday moves.

With recession fears mounting and inflation proving stubbornly persistent, investors are increasingly searching for stocks that can hold their ground when economic conditions deteriorate. The ideal candidates combine pricing power, essential products or services, and a long, unbroken history of dividend payments — qualities that allow them to generate reliable income regardless of the broader market environment. Two stocks that consistently rise to the top of this conversation are and , a defense giant and a consumer staples titan whose businesses are built to endure. Together, they offer a rare combination of income, resilience, and inflation protection that few other…

Reeves: ‘Nothing off the table’ in terms of energy support for consumers and firmsRichard PartingtonThe government is also looking at support schemes for households and businesses hit by the surge in energy prices since the US and Israel began their war on Iran 1 1/2 weeks ago.Reeves said there is “scope” in the public finances for a short-term support scheme if required. double quotation markWe will always make sure we do everything we can to protect consumers but also to ensure our national security as an economyWe’re in a stronger position since I became chancellor to respond to shocks like…

2023 Ford Super Duty F-550 Chassis CabFordDETROIT — Ford Motor is launching a new artificial intelligence system for its Pro commercial vehicle business as it tries to grow the unit’s profits and software revenue.The Detroit automaker on Tuesday said the new “Ford Pro AI” can monitor and analyze more than 1 billion data points daily from connected commercial vehicles — from seatbelt use to vehicle health, route optimization and fuel consumption.  The goal is to equip its 840,000 paid commercial subscribers with tools to increase efficiency and profits and reduce vehicle downtimes by allowing them to more easily analyze their…

The dollar index (DXY00) on Monday traded higher during the morning but then fell back in the afternoon after President Trump told CBS News in a phone interview that “I think the war is very complete, pretty much” and that the military operation is “very far” ahead of its 4-5 week timeframe. The dollar initially saw support from Monday’s early spike in oil prices above $100 per barrel, which was hawkish for Fed policy.  Also, higher oil prices are beneficial for the dollar because the US is the world’s largest oil producer.  However, oil prices fell back later in the…

With many airline stocks trading at enticingly low forward P/E valuations, their rebound prospects have become increasingly attractive following a broader industry-wide correction.However, several major U.S. airlines have cut or softened their earnings forecasts due to rising fuel costs, geopolitical disruptions, and uneven travel demand.These pressures have contributed to weaker sector performance and investor caution, although there are a few noteworthy airline stocks that are starting to make the argument for being in oversold territory. Why Airlines Are Cutting Earnings Forecasts1. Jet Fuel Prices Have Spiked SharplyFuel is one of the largest airline expenses, and recent geopolitical conflicts in the Middle…