Tag: breaking news
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World heads into food crises ‘blind’ as U.S. aid cuts squeeze UN food agency, experts warn
Climate shocks, conflict and a global fuel crisis, on top of surging interest rates and donor cuts, leave agencies less able to help those facing higher food prices.
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China’s AI chip blitz arms Xi with a message for Trump: ‘You can’t choke us off’
A run of new chips and AI models from national champions gives Chinese President Xi Jinping a confidence boost, as the U.S. summit gets underway.
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Here’s what happens to the economy when Treasury yields soar like they are now
Government debt costs leaped higher Wednesday, the product of multiple factors.
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Market sees next Fed hike in October, following Barr comments and hot inflation reading
S&P Global said its overall inflation measure hit its highest level since October 2022.
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In photos: Key takeaways from day one of the UN General Assembly
World leaders descended on New York for the annual United Nations General Assembly, where the agenda covers topics from wars to the risks posed by AI.
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Three words from Kevin Warsh have Wall Street wondering how far the Fed will go with rate hikes
The chairman both explained this week’s decision to raise interest rates, and raised vexing questions about what comes next
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Fed staff should have known Silicon Valley Bank was vulnerable, new report finds
Fed Vice Chair for Supervision Michelle Bowman said a new report indicates the central bank’s staff missed signs ahead of Silicon Valley Bank’s 2023 failure.
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‘Hostile act’: Trump threatens EU with tariffs over Canada associate-membership proposal
European Commission President Ursula von der Leyen said EU is opening the door for Canada to become the first associate member of the 27-member bloc.
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Fed approves interest rate hike, signals one more to come this year
The Federal Reserve on Wednesday approved its first interest rate hike since 2023 and indicated another to come.
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Ukraine’s message to Asian nations: your chips are turning up in Russian missiles
Ukraine’s sanctions envoy said Russia could be forced to retreat from the war within six months if its oil revenues are halved.
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