Economy

Oil Tops $100 as Iran War Widens, Squeezing Consumers at Pumps and Stores

Crude oil surged past $100 a barrel amid renewed Middle East fighting, pushing gasoline above $4 a gallon and threatening higher costs for U.S. shoppers.

Yen Hits Three-Month High After Rare Joint US-Japan Currency Intervention

The yen strengthened to ¥155 against the dollar after Washington and Tokyo confirmed a rare joint currency intervention, though analysts question its stayi

Shein Proposes Cash Payouts and Extra Shares for Late-Stage Investors Ahead of Hong Kong IPO

Shein is proposing cash payouts and extra shares to late-stage investors to bridge a valuation gap ahead of its planned Hong Kong IPO.

Oil Prices Plunge as Trump Halts Iran Strikes to Pursue Peace Talks

Brent crude fell 5% and European stocks rallied after President Trump called off planned strikes on Iran to pursue Middle East peace negotiations.

Microsoft Set to Report Earnings as Investors Focus on Azure Growth and AI Spending

Microsoft is set to report quarterly earnings after the bell, with investors focused on Azure cloud growth and its plans for AI capital expenditure.

Oil Tops $100 as Iran War Widens, Squeezing Consumers at Pumps and Stores

Crude oil surged past $100 a barrel amid renewed Middle East fighting, pushing gasoline above $4 a gallon and threatening higher costs for U.S. shoppers.

Top Certificate of Deposit Rates Reach 4.35% as Savers Seek Long-Term Yields

Certificate of deposit rates are reaching up to 4.35% APY this summer, drawing savers seeking fixed returns amid uncertainty over future interest-rate cuts

Fed Dissenters Defend Rate Hike Votes, Warning Inflation Demands Immediate Action

Federal Reserve officials who backed higher interest rates say immediate action is needed as inflation stays above the 2% target for over five years.

U.S. Economy Slows to 1.5% Growth in Second Quarter as Inflation Stays Above Fed Target

The U.S. economy slowed to 1.5% growth in the second quarter as imports weighed on output, while inflation eased slightly but remained above the Fed's 2% t

Brazil Moves to Accelerate Mercosur Trade Deals with China and South Korea

Brazil agrees to speed up Mercosur trade negotiations with China and South Korea, a strategic shift amid global trade realignment and U.S. tariffs.

South Korea Weighs Cap on Leveraged ETFs as Retail Investors Absorb Chip-Driven Losses

South Korean regulators are considering limits on leveraged ETFs for retail investors after heavy losses tied to a downturn in semiconductor stocks.

When to Claim Social Security: Weighing Bigger Checks Against Time and Health

Claiming Social Security at 62 means smaller checks, while waiting boosts payouts. Here's how to weigh the trade-offs and build a broader retirement income

Oil Surges Past $100 a Barrel as Middle East Conflict Escalates

Brent crude surged above $100 for the first time since May as Houthi attacks on Saudi tankers and US-Iran tensions rattled global oil markets.

China Dives Deep: New Tourist Submersible Poised to Unlock Underwater Adventures

China is developing its first tourist submersible to reach depths of 1,000 meters, aiming to launch commercial deep-sea tourism by 2030. Learn about the engineering, safety, and market potential of this new venture.

Nexstar Media Group Secures Over $5 Billion in Debt Financing for TEGNA Acquisition

Nexstar Media Group announces a $5.12 billion debt offering, including senior secured and senior notes, to finance its acquisition of TEGNA Inc. Details on the financing package and Nexstar's market position.

China’s Commerce Minister to Address Global Trade Challenges at WTO Conference in Yaounde

China's Minister of Commerce Wang Wentao will attend the WTO Ministerial Conference in Yaounde, Cameroon, to discuss global trade challenges, WTO reform, and Africa's industrialization.

China Launches $13.4 Billion Push for Foreign Investment in Key Industries

China's NDRC has unveiled a $13.4 billion plan to fuel foreign investment in manufacturing, logistics, and R&D, broadening global participation and targeting industrial innovation.

China’s Economy Surges Ahead in Early 2026, Beating Expectations Amidst Global Uncertainty

China's economy has kicked off 2026 with a robust performance, as key indicators for industrial output and retail sales significantly surpassed market forecasts for...

Hong Kong Budget 2026-27: Tax Relief and Investment Boost for Residents and Businesses

Hong Kong's 2026-27 budget announces significant tax relief for individuals and businesses, alongside major investments in AI, IP, and the Northern Metropolis, aiming for economic recovery and growth.

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