Macro

Warsh Heads to Jackson Hole Without Clear Inflation Signal, Markets Watch Closely

Fed Chairman Kevin Warsh heads to Jackson Hole without a firm inflation position, as prediction markets bet he avoids mentioning rate cuts.
Business Lynn Hatem -

Meta Agrees to $18bn Settlement, Adds Curfews and Time Limits for Child Users

Meta agreed to an $18 billion settlement and will add night curfews and two-hour daily limits for child users on Instagram and Facebook in the US.
Business Lynn Hatem -

Malaysia’s Anwar Unveils Cost-of-Living Measures Taking Effect September 1

Malaysian PM Anwar Ibrahim announced cost-of-living relief measures on Sunday, including restored fuel subsidy quotas and funding for schools and small tra
Asia Lynn Hatem -

Norway’s King Harald V Dies at 89, Son Haakon VIII Takes Throne

King Harald V of Norway died Friday at 89. His son, Crown Prince Haakon, 53, became King Haakon VIII and paid tribute in his first speech.
Europe Lynn Hatem -

Bank of America Says Buy Affirm Despite Modest Growth Guidance

Bank of America says Affirm shares could climb further after earnings, even as the buy now, pay later firm issued only a slight growth upgrade.
Business Lynn Hatem -
Latest

Warsh Heads to Jackson Hole Without Clear Inflation Signal, Markets Watch Closely

Fed Chairman Kevin Warsh heads to Jackson Hole without a firm inflation position, as prediction markets bet he avoids mentioning rate cuts.

US Inflation Holds at 3.7% in July, Well Above Fed’s 2% Target

US PCE inflation held at 3.7% in July, above the Fed's 2% target, as core prices stayed at 3.3% and second-quarter GDP was unrevised at 1.5%.

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.

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