Business

Japan Exports Jump 23.2% in July, But Energy Costs Widen Trade Deficit

Japan's July exports jumped 23.2% on strong chip and auto shipments, but record imports and high energy costs extended its trade deficit for a third month.
Business Lynn Hatem -

Bessent Doubles US Long-Bond Buybacks as Surging Yields Rattle Markets

US Treasury Secretary Scott Bessent doubled long-bond buybacks on Tuesday to steady a strained debt market as surging yields lift borrowing costs.
Bonds Lynn Hatem -

Bitcoin Jumps 11% in Two Days as Trump Pushes Clarity Act

Bitcoin surged 11% over two days to its highest level since June as Trump and crypto executives pressed Congress to pass the Clarity Act.
Business Aarav Shen -

Trump Says US and Canada Reach Trade Deal, Averting New Tariffs

President Trump said Tuesday the US and Canada reached a trade deal ensuring no tariffs for US farmers and businesses, ending a dispute over $20 billion in
America Aarav Shen -

Walmart Shares Slide as U.S. Sales Post Weakest Growth in Six Years

Walmart shares fell after reporting 2.6% comparable U.S. sales growth, its slowest in over six years, hit by falling drug prices and a soft profit outlook.
Business Lynn Hatem -
Latest

Japan Exports Jump 23.2% in July, But Energy Costs Widen Trade Deficit

Japan's July exports jumped 23.2% on strong chip and auto shipments, but record imports and high energy costs extended its trade deficit for a third month.

Bessent Doubles US Long-Bond Buybacks as Surging Yields Rattle Markets

US Treasury Secretary Scott Bessent doubled long-bond buybacks on Tuesday to steady a strained debt market as surging yields lift borrowing costs.

Bitcoin Jumps 11% in Two Days as Trump Pushes Clarity Act

Bitcoin surged 11% over two days to its highest level since June as Trump and crypto executives pressed Congress to pass the Clarity Act.

Walmart Shares Slide as U.S. Sales Post Weakest Growth in Six Years

Walmart shares fell after reporting 2.6% comparable U.S. sales growth, its slowest in over six years, hit by falling drug prices and a soft profit outlook.

US Mortgage Rates Ease to 6.65%, Still Above Last Year’s Levels

The 30-year fixed U.S. mortgage rate slipped to 6.65% this week, Freddie Mac said Thursday, but rates remain higher than a year ago, limiting buyers.

US National Debt Tops $40 Trillion, Doubling in a Decade

US public debt topped $40 trillion on Tuesday, the Treasury said, doubling over a decade as deficits, interest costs and spending climb.

Stripe to Buy AI Model Gateway OpenRouter in Fintech’s Deeper AI Push

Stripe said on August 19 it agreed to acquire OpenRouter, an AI model gateway for developers, extending the payments firm's reach into the AI market.

CK Hutchison Seeks $1.5 Billion From Panama Over Seized Canal Ports

CK Hutchison has launched arbitration against Panama, seeking over US$1.5 billion in damages over the takeover of two Panama Canal ports.

U.S. Treasury Doubles Bond Buybacks as 10-Year Yield Tops 4.70%

The U.S. Treasury will more than double government bond buybacks to calm rising yields, pushing the 10-year rate back to 4.65% and lifting gold prices.

Marvell Signs Google Chip Deal With $12.2 Billion Stock Option

Marvell shares surge after striking a custom chip deal with Google that includes an option to buy about $12.2 billion in stock, as Broadcom shares fall.

Treasury Doubles Debt Buybacks to Steady Bond Market, Pushing Yields Lower

The U.S. Treasury will double its debt buyback operations for longer-term securities, steadying the bond market and sending yields lower on August 19.

TJX Shares Drop as Quarterly Profit Guidance Falls Short of Estimates

TJX Companies shares fell after the off-price retailer forecast quarterly profit below estimates on soft demand, despite raising its full-year outlook.

Roblox Commits to Safety Overhaul After Australia Finds Adults Contacting Children

Roblox has signed a legal agreement with Australia's eSafety regulator to overhaul privacy settings after tests found adults could contact children.

Target Lifts Annual Forecasts as Fiddelke’s Turnaround Wins Back Shoppers

Target raised its full-year profit and sales outlook again as CEO Michael Fiddelke's store revamp and fresh merchandise draw customers back to the retailer

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