Tag: breaking news
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AI’s costly buildout complicates the Fed’s inflation fight
Tech leaders say AI will drive down costs. But slow corporate adoption and the data center buildout create inflation pressures that complicate the Fed’s job.
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India’s inflation accelerates to 4.45% in July, raising hopes of a rate hike later this year
India’s inflation rises for the ninth month in a row, raising the odds in favor of a rate hike later this year.
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Trump claims total control of Hormuz, demands Iran pay reparations as standoff deepens
The dueling positions Washington and Tehran staked out showed how far apart the two sides remain even as both talked of winding down regional hostilities.
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U.S. reaffirms grip on Hormuz blockade, turning away 55 ships as talks stall
The escalating tally underscores how far the two sides remain from resolving a crisis that has choked the Strait of Hormuz for more than five months.
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Here are three key takeaways from the disappointing July jobs report
Nonfarm payrolls in the U.S. unexpectedly declined in July, but so did the unemployment rate, leaving investors with mixed signals.
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U.S. economy unexpectedly lost 23,000 jobs in July
Nonfarm payrolls were projected to increase by 83,000 in July while the unemployment rate held steady at 4.2%, according to the Dow Jones consensus.
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Hormuz closure clouds China’s crude imports after they hit a 3-month high in July
China’s crude oil imports recorded a smaller decline in July, though the recovery may be short-lived, as the conflict drags on and demand remains soft.
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China’s exports jump 23% in July, beating estimates; imports cool
China’s exports rose more than expected in July, as global demand for high-tech components continues to absorb the country’s manufactured goods.
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Iran’s chief negotiator accuses Trump of ‘theater diplomacy’ with Hormuz traffic near standstill
The conflict is broadening across the region, with Gulf energy infrastructure and key shipping chokepoints under renewed threat.
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Beijing flips the script on the U.S. tech war — and tests the truce weeks before Xi’s visit
China unleashed its broadest package of trade countermeasures since last October’s trade truce, pushing back against a string of recent U.S. restrictions.
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