Tag: breaking news
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U.S. government debt passes $40 trillion, more than doubling in a decade
Skip NavigationMarketsBusinessInvestingTechPolitics & PolicyVideoWatchlistInvesting ClubPROLivestreamMenu The total U.S. government debt reached $40.05 trillion as of Tuesday, according to the Treasury Department. Treasury reported a $432.3
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Trump bemoans Fed interest rate policy, says U.S. should be paying much less
As he has done in the past, Trump accused Fed officials of having political motives.
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Fed officials saw need for rate hike if inflation doesn’t cool, minutes show
The Federal Reserve on Wednesday released minutes from its July 28-29 policy meeting.
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Ship attacked in Hormuz Strait as U.S.-Iran ceasefire expiry risks prolonged conflict
The attack caused damage to the engine room and resulted in a crew casualty, UKMTO said, adding that the remaining crew were being assisted by the Omani Coast Guard.
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China’s economy slows further in July as retail sales barely grow, investment slump steepens
The data is reinforcing concerns about the health of the world’s second-largest economy, which has grappled with a deepening supply-demand imbalance.
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Beijing is said to move to clarify tax rules stoking confusion among China’s ultra-wealthy
Beijing is said to be moving to clarify ambiguities in new tax rules on offshore trusts after the policy sowed confusion among wealthy Chinese and advisors.
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Wholesale prices were flat in July, below expectations for 0.2% increase
The producer price index was expected to increase by 0.2% in July, according to the Dow Jones consensus.
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Goldman says Japan’s $1 trillion of reserves leaves ‘plenty of capacity’ for further yen interventions
Japan has enough cash at its disposal for a couple more rounds of yen-buying on the scale of last month’s intervention, Goldman Sachs says.
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U.S. budget deficit surged in July to highest level since March 2021
Beyond the big single-month jump, the collective red ink over the 10 months of the fiscal year rose to nearly $1.8 trillion, surpassing the same period in 2025.
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Consumer prices rose 0.1% in July, as expected, putting the annual rate at 3.4%
The consumer price index was expected to increase 0.1% in July, with an annual rate of 3.4%.
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