Global Bond Selloff Drags Stocks
Elevated government bond yields were taking the shine off stocks around the world, as traders begin to more seriously worry about how higher yields could weigh on stock valuations and damp the appeal of holding equities.
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Fed's Paulson Joins Chorus of Policymakers Predicting More Rate Increases Ahead
Paulson's remarks echoed those of other Fed officials.
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U.S. Treasury, German Bund Yields Hit Multiyear Highs; Dollar Strengthens
Increasing expectations that the Fed will raise interest rates further sparked the jump in Treasury yields which fed through into the dollar and European bond yields.
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Fed's Williams Says Another Rate Hike 'Reasonable' in 2026. Here's What the Market Thinks.
The Fed official said inflation was the central bank's 'big challenge.'
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U.S. Jobless Claims Slid Further Last Week
U.S. jobless claims fell to 197,000 in the week through Sept. 19, according to the Labor Department. Economists surveyed had expected initial unemployment claims to rise to 201,000.
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Trump Kicks Off White House Summit With China's Xi
The summit marks Xi Jinping's first visit to Washington in more than a decade, as the two leaders look to ease brewing tensions over the war in Iran, artificial intelligence and trade.
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Canada Retail Sales Recover Following First Fall of Year in July
Sales in July fell for the first time this year, declining 0.7% from the previous month to a seasonally adjusted 73.7 billion Canadian dollars, the equivalent of about US$52.25 billion.
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Oil Prices Rebound as Brent Tops $105 a Barrel on U.S.-Iran Escalation Fears
Prices rose, reversing initial losses after reports Tehran could expand the Middle East war to the Indian Ocean if the U.S. or Israel attacks again.
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Europe Central Banks Diverge on Rates as Energy Prices Threaten Higher Inflation
Switzerland and Sweden kept their rates unchanged Thursday but Norway raised its key rate to 4.5% from 4.25% to return inflation to target.
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In the Age of AI, Cash Is Still King
Technology is increasing competition for deposits in more ways than one.
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German Business Sentiment Climbs to Highest Level in Three Years
The president of the Ifo Institute said companies assessed their current business situation more positively and the economy continued to recover.
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BOE Rate Rise Increasingly Likely If Energy Prices Stay High, Deputy Governor Says
Clare Lombardelli said policy was increasingly likely to need to tighten if elevated energy prices persisted, absent clear evidence of disinflation or weaker activity.
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Ukraine's Economy Hampered by Black Sea, Energy Disruptions, Says EBRD
An agreement with Russia to halt attacks on energy infrastructure and the restoration of grain exports through the Black Sea, would boost Ukraine's economy, the European Bank for Reconstruction and Development said.
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BlackRock Investment Portfolios Debut on the Blockchain as Digital Tokens
Three model portfolios developed by the money manager will hold baskets of ETFs and be tokenized by Ondo Finance.
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The AI Build-Out Is Becoming the Biggest Economic Bet in U.S. History
Data-center spending is greater than that for canals, railroads and grid combined-creating jobs and stock-market wealth, while boosting inflation and crowding out housing.
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Behind the Oil-and-Gas Industry's Blitz to Try to Defeat a Diesel Export Ban
Oil executives and their lobbyists launched a coordinated contingency plan to persuade the Trump administration not to enact a ban on U.S. diesel exports.