Capital Brief on MSN
Trump abandons plan for Hormuz shipping fee
The news: US President Donald Trump said he would replace his proposed 20% fee on cargo shipped through the Strait of Hormuz with trade and investment deals involving Gulf states The context: In a ...
Capital Brief on MSN
PBO warns budget surplus relies on 'unrealistic' bracket creep
The news: Australia’s Parliamentary Budget Office says a return to budget surplus is unlikely over the medium term if the government cuts income taxes, as it has in the past. The context: The PBO’s ...
Capital Brief on MSN
US banks kick off earnings season with bumper profits
The news: Wells Fargo, JPMorgan Chase and Bank of America reported strong profits and higher revenue as second-quarter earnings season got underway in the United States. The numbers: Wells Fargo’s ...
Capital Brief on MSN
Kevin Warsh says US Fed has 'no tolerance' for inflation as prices cool in June
The news: Newly appointed US Federal Reserve chair Kevin Warsh told lawmakers the central bank would not tolerate high inflation, as fresh consumer price data showed price pressures easing but ...
BlackRock shares jumped 7% on Thursday after the world’s largest asset manager reported a 22% rise in assets under management and a 20% boost to quarterly profits.
China’s economy grew 4.7% in the first half of 2026, with gross domestic product reaching the equivalent of USD 10.27 trillion, according to the National Bureau of Statistics.
Capital Brief on MSN
KPMG reviews staff and costs in wake of audit leak scandal
The news: KPMG is reviewing its cost base and workforce ahead of the 2026-2027 financial year, a spokesperson told the AFR . The context: The consultancy firm, which has approximately 9000 staff, is ...
Capital Brief on MSN
Trump demands 20% fee for defending Strait of Hormuz
The news: President Donald Trump says the United States will reimpose a naval blockade on Iran and charge shipping companies a fee equal to 20% of their cargo’s value for protection through the Strait ...
Capital Brief on MSN
European Union proposes social media ban for under-13s
The news: The European Commission will put forward a law to restrict social media access for children under the age of 13, taking a cue from Australia’s reforms. The context: Commission President ...
Capital Brief on MSN
Jarden paid $70 million in bonuses to staff after revenue hit a record $281 million
The news: Jarden says it paid staff over $70 million in bonuses in May after growing group revenue 6.4% to a record $281.5 million in the year to March. Earnings before interest, tax, depreciation, ...
Plus: Crude spikes and Wall St ducks for cover; California drags Paramount-Warner deal into court; Volkswagen eyes axing ...
England will consider a man-marking strategy against Lionel Messi during Wednesday's World Cup semifinal, manager Thomas ...
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