Paige McNamee

Wall St falls shrugging off record oil release plan, tame inflation; JPMorgan marks down private credit loans, restricts lending as stress spreads; Australia’s Big Four banks tighten risk controls.

Plus: Surging oil prices threaten to become the new normal; Ackman in new IPO attempt; Leigh says government must referee Big Tech to give Aussie startups a fair go.

Plus: Trump says Iran soccer players taken care of by Albanese; Wall Street fights back after oil’s historic swing; Anthropic sues Pentagon claiming unconstitutional retaliation over AI limits.

Plus: US oil hits record high, Trump announces tanker reinsurance program; BlackRock shares tumble as it caps redemptions from private credit fund; US stocks close week down on oil supply, inflation fears.

Plus: Wall Street tumbles as Hormuz near-closure sends oil above USD80; US states take Trump back to court over his 10% global tariff; Trump ousts homeland security chief Kristi Noem in first second-term cabinet casualty.

Plus: US stocks climb, oil retreats after Trump’s Hormuz pledge; Trump likely to raise tariff rate to 15% this week, Bessent says; Marbruck: the VC fund nobody was supposed to find.

Plus: Trump threatens to cut all trade with Spain, attacks UK’s Starmer as “not Winston Churchill”; Global stocks slide and oil soars; Albanese defends $90b-plus Sydney-Newcastle high-speed rail cost.