Macro

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.

Baidu Revenue Falls 4% as AI Cloud Fails to Cover Ad Slump

Baidu posted a 4% drop in second-quarter revenue to 31.3 billion yuan on Tuesday, as AI cloud growth failed to offset a continued advertising decline.

OpenAI Launches ChatGPT for Teens With Content Limits and Parental Controls

OpenAI released ChatGPT for Teens on Tuesday, adding content restrictions, parental controls and homework support for users aged 13 to 17.

Trump Rules Out Iran Talks, Lifting Oil and Sinking US Stocks

US stocks opened lower on Tuesday after Trump said no Iran talks were scheduled, lifting oil prices and Treasury yields amid the Hormuz standoff.

Iran-Linked Hackers Shut Down UK Power Plant in Cyberattack

The UK government confirmed on Sunday that Iran-linked hackers forced a small power plant offline, though officials said the national grid faced no risk.

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.

Fed Officials Signal Rate Hike if Inflation Fails to Cool, Minutes Show

Federal Reserve minutes from the July meeting show officials divided on inflation, with growing support for raising interest rates if price pressures persi

Trump Pauses 50% Canada Tariffs for Three Days as Deal Nears

Trump has delayed new 50% tariffs on Canadian goods for three days, saying the US and Canada are close to finalizing a trade agreement.

Fed Minutes Gain Weight as Warsh Curbs Central Bank Communication

Federal Reserve minutes due Wednesday take on added significance as Chair Kevin Warsh curbs public communication, leaving markets starved for guidance.

Brent Crude Tops $90 as US-Iran Ceasefire Expires, Trump Threatens Oman

Brent crude climbed above $90 a barrel after the US-Iran ceasefire window expired and Trump threatened Oman, reversing weeks of market calm.

Oil Falls to Three-Week Low After Trump Calls Off Iran Attack

Oil prices fell to a three-week low and U.S. stock futures rose after President Trump called off a planned strike on Iran, easing conflict fears.

Japan’s Economy Grows Just 1.1% in Q2, Missing 2% Forecast

Japan's economy grew an annualized 1.1% in the second quarter, below the 2% forecast, as flat consumer spending and slowing exports weighed on growth.

JPMorgan Raises S&P 500 Year-End Target to 8,000 on Growth Optimism

JPMorgan has lifted its year-end S&P 500 price target to 8,000 from 7,800, citing resilient earnings and steady economic growth as key drivers.

IEA Warns Hormuz Closure to Cut Global Oil Demand by 1.6 Million Barrels

The IEA expects global oil demand to fall 1.6 million barrels a day in 2026 as the Strait of Hormuz stays shut amid stalled US-Iran talks.

Oman Oil Spill Reaches Coast as Tanker Attacks Push Crude Higher

An oil spill from a stricken tanker has reached up to 40km of Oman's coast as fresh attacks on Gulf shipping push crude prices higher.

Oil Climbs as Hopes for Imminent Strait of Hormuz Deal Fade

Crude climbs above $84 in the U.S. and past $89 internationally as hopes for an imminent Strait of Hormuz reopening deal collapse into deadlock.

Reserve Bank of Australia Holds Cash Rate at 4.35%, Warns Further Hikes Remain Possible

The Reserve Bank of Australia held the cash rate at 4.35% but warned further hikes remain "quite possible" even as house prices continue to fall.

US Strategic Petroleum Reserve Falls Below 300 Million Barrels, Lowest Since 1983

The US Strategic Petroleum Reserve has fallen below 300 million barrels, its lowest since 1983, as oil prices rise on fading US-Iran deal hopes.

Oil Surges and Global Stocks Slide as Iran Vows Strait of Hormuz Stays Shut

Oil prices jumped and global stocks slid as Iran vowed the Strait of Hormuz would stay closed, raising fresh fears over energy supplies and inflation.

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