Tag: Economic events
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Here’s how the private sector can save U.S. Treasurys, UOB says
The U.S. fiscal situation appears to be a “slow burning overhang in the background” for the economy, according to a report by Singapore’s UOB.
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Wall Street is set to close the books on a memorable first half next week. Here’s what’s ahead
The view is more rosy than investors could’ve been expected, as they wrap up the month, quarter, and first half of 2026 next week.
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U.S. giving topped $600 billion for the first time last year. Megadonors and bequests are to thank
The stock market rally turbocharged charitable giving in 2025, but primarily from wealthy donors.
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Iran’s neighbor, U.S. ally: What Pakistan gains from being a peacemaker
Pakistan’s efforts to bring an end to the conflict in the Middle East are driven by the need to avoid a spillover across its borders.
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Bessent sees GDP growth booming again this year. Kalshi traders see little chance of that
Kalshi traders are not agreeing with Treasury Secretary Scott Bessent’s prediction that the U.S. economy will have 3% growth this year.
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Treasury Secretary Bessent says U.S. GDP growth can return to 3% before end of the year
Bessent sees his “3-3-3” plan as still in reach — 3% growth, a 3% deficit-to-GDP rate, and a 3 million barrels per day increase in oil production.
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Factory job cuts in June neared financial crisis and Covid levels, S&P says
Though the firm’s manufacturing index ran better than expected for June, it came largely from an inventory rebuild and despite sharp job cuts.
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China’s 618 shopping festival growth slows sharply as consumer spending malaise persists
The latest consumer data reinforce how consumption in China remains subdued.
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Homeowners tapped $47 billion in equity in the first quarter. What to consider before you borrow
While high home values mean homeowners are sitting on an estimated $11 trillion in equity, it should not be viewed as free money, experts say.
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Yen slides past 161 against the dollar, nearing 40-year low and reviving intervention bets
On Thursday the yen saw a sharp depreciation a high of 161.80, its weakest since July 2024.
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