G7 finance ministers to meet amid warning of economic consequences of prolonged Strait of Hormuz closure

G7 finance ministers are due to meet in Paris on Monday and Tuesday as long-term borrowing costs surge.
Kevin Warsh comes into the Fed facing a big ‘family fight’ over cutting interest rates

With inflation spiking and Treasury yields surging, Warsh is likely to confront a Federal Open Market Committee in no mood to ease.
China signals tariff cuts, advances in farm market access after Trump-Xi summit

Beijing and the U.S. have agreed to expand agricultural trade through tariff reductions, China’s commerce ministry said.
Trump says Xi agrees Iran must open strait, but no sign China will weigh in

U.S. President Donald Trump said Chinese President Xi Jinping had agreed Tehran must reopen the Strait of Hormuz.
For better or worse, investors are living through Trump’s stock market. Here’s why

President Donald Trump has been considered the ultimate stock market president, overseeing an expansion to record highs as well as major declines.
Cisco is the most overbought stock in the S&P 500. Here are the others.

Cisco was the most overbought stock in the S&P 500 this week, meaning its shares could be due for a pullback, according to a CNBC Pro screener.
UAE says its decision to leave OPEC was a strategic economic move, not a political one

The United Arab Emirates, which joined OPEC in 1967, announced last month it was leaving the oil producer group on May 1.
Meet the pilots flying Spirit Airlines’ yellow jets to the desert

Special pilots have been moving Spirit’s fleet of yellow jets to the desert.
A state banquet, selfies with Musk and Huang’s noodle run: The spectacle of Trump’s Beijing visit

The visit was full of friendly overtures, orchestrated pageantry, business dealmaking, and headline-grabbing sideshows.
Why Taiwan became the defining issue in the Trump-Xi talks

U.S. President Donald Trump had said arms sales to Taiwan would be on the agenda for his talks with Chinese President Xi Jinping which ended Friday.