Economy
JPMorgan Chase is approaching a historic milestone that could make it the first bank in the world to achieve a market capitalization of $1 trillion. The development highlights the institution's sustained growth and reinforces its position as the largest and most influential banking group in the United......
The United States' Strategic Petroleum Reserve (SPR) has declined to its lowest level since 1983, according to the latest figures released by the U.S. Energy Information Administration (EIA). The drop reflects a reduction of nearly three million barrels, leaving the emergency stockpile at approximately......
The United States has announced new tariffs of 25% on selected imports from Brazil, marking a significant escalation in bilateral trade tensions and prompting an immediate response from Brasília, which has pledged retaliatory action. The new duties are scheduled to take effect on July 22, giving......
The U.S. Department of Defense is reportedly facing significantly higher projected costs for military operations involving Iran, with internal estimates suggesting total expenses could far exceed earlier public figures. According to reports citing officials familiar with internal assessments, the overall......
The United States has announced the freezing of more than $130 million in cryptocurrency assets that authorities allege are linked to Iranian financial networks, marking another step in Washington's efforts to strengthen economic pressure on Tehran. According to the US Department of the Treasury,......
British supermarket group Morrisons is reportedly exploring a major real estate transaction worth around £600 million ($803 million) as the retailer seeks new strategic opportunities for its property assets. According to Sky News, citing industry sources, Morrisons is in discussions with several......
The US dollar strengthened against most major currencies as renewed tensions in the Middle East increased uncertainty in global financial markets, prompting investors to seek traditional safe-haven assets while reassessing the outlook for inflation and monetary policy. The US Dollar Index, which measures......
The FIFA World Cup 2026 is becoming a collector’s item in more ways than one. The international football governing body has begun selling small pieces of the pitch from the MetLife Stadium in New York, the venue that will host the tournament final on July 19, offering fans the chance to own a physical......
The European Central Bank (ECB) is once again confronting mounting inflationary pressures as renewed hostilities between the United States and Iran drive energy prices higher, complicating the eurozone's monetary policy outlook. Speaking on Friday, Yannis Stournaras, a member of the ECB's Governing......
The International Monetary Fund (IMF) has welcomed the U.S. Federal Reserve's planned review of its communication strategy, saying it looks forward to engaging with the central bank as it reassesses how it communicates monetary policy and the use of forward guidance. Speaking on Thursday in Washington,......
The number of Americans applying for unemployment benefits declined last week, offering fresh evidence that the U.S. labor market remains resilient even as hiring activity continues to moderate. According to new data released by the United States Department of Labor, initial claims for state unemployment......
A new report from global investment bank Morgan Stanley highlights a major shift in the energy storage sector, driven by the rapid development of low-cost sodium-based battery technologies that could redefine global energy systems in the coming decades. The report indicates that sodium-ion batteries,......
Global personal wealth recorded its strongest annual expansion in several years during 2025, creating nearly one million new U.S. dollar millionaires as financial markets delivered robust returns, according to the latest UBS Global Wealth Report. The Swiss banking group reported that total global personal......
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