Economy
U.S. inflation eased modestly in July 2026, according to official data, although price pressures remained above the level targeted by the Federal Reserve. The figures point to a gradual moderation in inflation while highlighting continued uncertainty over the future direction of monetary policy. The......
Oil prices continued to rise in Asian trading on Wednesday as investors assessed the prospect of a prolonged shutdown of the Strait of Hormuz amid an unresolved standoff between Iran and the United States. The strategic waterway has become a major source of uncertainty for energy markets. With no clear......
Canada’s minister responsible for trade relations with the United States, Dominic LeBlanc, is due to meet US Trade Representative Jamieson Greer on Tuesday as Ottawa seeks to address the latest tariff threats from Washington. Canada’s chief trade negotiator, Janice Charette, is also scheduled......
The US housing market lost further momentum in July, with existing home sales declining for a second consecutive month as elevated mortgage rates and limited inventory continued to constrain activity. Existing-home transactions fell 1.7% in July to a seasonally adjusted annual rate of 4.06 million units,......
Chinese companies are beginning to recover part of the tariffs previously collected by the United States under the International Emergency Economic Powers Act, following a landmark U.S. Supreme Court ruling that invalidated the legal basis used to impose the duties. Since early July, at least five publicly......
Trump Media & Technology Group, the company behind the Truth Social platform and associated with U.S. President Donald Trump, reported a net loss of approximately $238 million for the second quarter of the year, prompting the company to reconsider its expansion strategy. The loss for the three months......
Oil prices climbed sharply on Tuesday as financial markets reacted to the continued disruption in the Strait of Hormuz and the absence of progress between Iran and the United States. The latest move pushed the benchmark Brent contract briefly above the $90-a-barrel threshold, highlighting renewed concerns......
US exchange-traded funds tracking bitcoin attracted more than $850 million during the week ending August 7, marking their strongest weekly inflows since April, according to Bloomberg data. The renewed interest comes as investors reassess the risks associated with holding cryptocurrencies directly, particularly......
Gold could be heading toward another period of strong gains, with UBS projecting that the precious metal may reach around $5,000 per ounce during the first half of 2027. The forecast reflects expectations that several structural factors will continue to support demand for gold amid persistent economic......
The United States is strengthening its cooperation with Australia in an effort to secure independent access to scandium, a strategic mineral increasingly valued by the aerospace, defense and advanced technology industries. Australian company Sunrise Energy Metals has announced that the U.S. Department......
President Donald Trump has announced more than $2 billion in new investments aimed at expanding mining and critical-mineral production in the United States, alongside more than $180 million in funding dedicated to education, training and workforce development. Speaking at a roundtable at the U.S. Department......
Federal Reserve Chair Kevin Warsh is facing growing pressure as investors closely monitor the U.S. central bank’s next policy decisions amid persistent inflation and rising expectations of additional interest rate increases. Financial markets have become increasingly sensitive to the Federal Reserve’s......
Morgan Stanley is expanding its investment banking capabilities in the industrial sector by recruiting veteran banker Adam Kweskin from Bank of America, reinforcing its advisory platform in a market where infrastructure and industrial investment remain strategic priorities. The appointment reflects......
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