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US and Iran Hold Direct Peace Talks in Pakistan to End War

Key Points: United States and Iranian officials held direct three-way peace negotiations in Islamabad to end the six-week Middle East war. The talks focused on reopening the Strait of Hormuz, extending the ceasefire, and offering phased sanctions relief. President Donald Trump warned Iran that he will resume military strikes if the critical shipping waterway remains...

Federal Reserve Probes Major US Banks Over Private Credit Market Risks

Key Points: The Federal Reserve asked major United States banks to report their exact financial exposure to the private credit market. Investors recently rushed to withdraw their cash from private funds amid a sudden wave of corporate bankruptcies. The United States Treasury Department will meet with insurance regulators to discuss the massive $2 trillion non-bank...

Bitcoin Surges Near $73,000 as US and Iran Plan Peace Talks

Key Points: Bitcoin prices climbed 1.7% to $73,061.2, putting the cryptocurrency on track for a massive 9% weekly gain. The United States and Iran plan to hold peace talks in Pakistan despite ongoing disagreements over the Strait of Hormuz. Consumer prices jumped 0.9% in March because gasoline costs surged 21.2% during the Middle East conflict....