The cure for socialism is giving more Americans a stake in capitalism
Socialism is gaining ground because fewer Americans are homeowners and stockholders, creating a perfect opening for DSA leaders like Zohran Mamdani.
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Pessimists say the economy is weak. The good news is, they are wrong
Trump tax reforms sparked $296 billion in IRS refunds along with new deductions for qualified tips and overtime pay…
Read at source →Amazon projects it's on track to deliver nearly 90% of its own US packages
An Amazon delivery van. Bloomberg/Getty Images Amazon forecasts its own delivery network will handle nearly 90% of its…
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‘Ill-educated, egregiously wrong’: World Bank ED Mishra on row over GDP data
Mr. Mishra’s statement on X came amid a political row over the growth figures released by the government, which were…
Read at source →Venezuela’s heavy crude isn’t a great fit for the US emergency reserve. It could still help refill it.
US Energy Secretary Chris Wright oversaw the signing of a series of energy deals during his visit to Caracas, where he…
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Investors Skeptical on Bessent Put, Morgan Stanley's Sheets Says
"Investors are skeptical that the Treasury's actions in a big way can change the big picture of what's going on," says…
Read at source →Global Bond Retreat Slows as High Yields Tempt Investors
Global bonds traded mixed as yields near multi-decade highs proved hard for some investors to resist, even as climbing…
Read at source →BOJ Is Said to Be Leaning Toward a Quarter-Point Hike
The Bank of Japan is leaning toward raising its benchmark interest rate by a quarter point this month in response to…
Read at source →Domino's new personal pizza is a sad sign for America
Getty Images; Alyssa Powell/BI Domino's is finally launching a truly personal pizza. Yay! Right? Except that the…
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US-Canada trade war tests deep manufacturing ties between Detroit and Windsor
In the first of two reports from the US state of Michigan and the Canadian province of Ontario, CNA looks at what is at…
Read at source →Hungary Central Bank Turns to Police on Overpriced Property
The National Bank of Hungary pressed charges over fresh instances of suspected embezzlement under its previous…
Read at source →Two Key Reasons Yen Is Suddenly Surging: 3-Minutes MLIV
Guy Johnson, Tom Mackenzie and Paul Dobson break down today's key themes for analysts and investors on "Bloomberg: The…
Read at source →Why Bond Yields Surging Around the World (UST)
Darrell Duffie thinks the Treasury market is far from fixed.
Read at source →Odd Lots: Darrell Duffie on the Surge in Bond Yields (Podcast)
Global bond yields are at their highest level since 2008, with the 30-year US Treasury touching 5% just before Treasury…
Read at source →Schroders Buys 10-Year Treasuries Citing Attractive Yields
British asset manager Schroders Plc has bought more of 10-year US Treasuries, saying yields have nearly peaked after…
Read at source →Billionaire Birla Unit’s Buyout Loan Draws $2.5 Billion in Bids
A unit of Indian billionaire Kumar Mangalam Birla’s conglomerate has received as much as 240 billion rupees ($2.5…
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Home loan applications down by 15% since budget, CBA says – as it happened
This blog is now closed Get our breaking news email, free app or daily news podcast Shadow treasurer says tobacco plans…
Read at source →US Diesel Prices Climb to Highest Since Mid-2022
US retail diesel prices hit a four-year high, topping a peak seen during the early stages of the Iran war to approach a…
Read at source →USD/INR: How FCNR Deposits From Overseas Indians Were Used to Support the Rupee
In June, India turned to its 35 million-strong diaspora to help stem a sharp decline in the rupee.
Read at source →Billionaire's Tasmanian trainwreck has broken workers and marriages
Locals fear the closure of another smelter in Tasmania will be disastrous for the economy as anger brews over the…
Read at source →Zelenskyy Fires Secret Service Official After Kyiv Shootout
Ukrainian President Volodymyr Zelenskyy dismissed a department head at the country’s security service following a…
Read at source →India’s Record Diaspora Inflows Swamp Banks, Test RBI Tools
India drew a record $127 billion from its vast diaspora, surpassing even the most optimistic estimates and giving…
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Chinese central bank chief’s remarks at G20
People’s Bank of China Governor Pan Gongsheng rejected criticism of China over global trade imbalances at the G20…
Read at source →Taiwan Proposes Funding Package to Secure LNG Disrupted by War
Taiwan has proposed more than $13 billion in funding, mainly for its state-run energy companies, to secure liquefied…
Read at source →Chalmers can't avoid questions on house prices, Marles learns from melon saga
This week in Canberra the treasurer was grilled over the economy, the Coalition finally released its tobacco excise…
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How much should you give towards a leaving gift?
We ask workers in London how much they'd contribute.
Read at source →Carry Trade Funding May Shift to Yuan From Yen, BBVA Says
The Chinese yuan’s appeal may grow as an alternative to the yen for carry trades if the Bank of Japan makes further…
Read at source →Bangladesh Pays Most for Gas Since 2022 to Ease Power Blackouts
Bangladesh was forced to pay the most for liquefied natural gas than it has in about four years, threatening to drive…
Read at source →European Stocks Gain as Fed Rate-Hike Wagers Ease; Soitec Jumps
European stocks gained as traders reduced bets on a Federal Reserve rate hike following remarks from Governor…
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India's GDP growth defies oil shock but stirs up controversy
India's 7.8% GDP growth has been met with scepticism over methodology and long-term durability due to a weak monsoon.
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China rejects G20 trade-imbalance claims, says no need to devalue yuan
China has fired back at critics of its trade imbalances at a Group of 20 gathering, with the central bank firmly…
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Türkiye's annual inflation eases slightly to 31.5% in August
Annual inflation in Türkiye cooled slightly to 31.5% in August, while month-on-month consumer prices advanced 1.84%,…
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Turkish inflation continues to cool despite Iran war energy pressures
Turkish annual inflation eased in August for the third straight month, even as monthly prices advanced slightly…
Read at source →Malaysia Holds Key Rate and Signals Hawkish Pivot; Swaps Climb
Malaysia’s central bank extended its interest rate pause but tweaked its monetary policy statement to remove a…
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The Elephant in the Canadian Room
At first glance, the current American-Canadian trade “war” is absurd. We are neighbors with a long history of close…
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Tim Cook stepped down as Apple CEO, but the ‘Trump whisperer’ isn’t going anywhere
Cook is giving up Apple’s top job, but his years navigating Trump, tariffs, and China are still valuable enough for the…
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