The Spanish bank flagged heightened geopolitical uncertainty and market turbulence in the first few months of 2025.

HSBC analysts predict that the ongoing shift from U.S. equities to international markets will persist as concerns about U.S. growth and the impact of tariffs intensify.

Perhaps the recent fuss over the Panama Canal will deliver one worthy result: U.S. Navy ships won’t have to pay a fee to move through the isthmus that divides two oceans. If that’s the outcome ...