Tag: @LCO27F
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Oil prices head for second weekly rise as U.S. vows to turn up economic pressure on Iran
Oil prices eased Friday but remained on track for a second straight weekly gain as hopes of a swift reopening of the Strait of Hormuz faded to near-zero.
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‘A delicate dance’: JD Vance says economic pressure is the best way to achieve Washington’s objectives in Iran
Vance said “what has been true over the last couple of weeks is they felt a lot more pressure than we have.”
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Japan headline inflation rate hits highest this year as energy prices bite
Core inflation — which strips out prices of fresh food but includes energy — was in line with expectations, coming in at 1.8%.
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Japan exports beat estimates in July as robust chip shipments power fifth straight month of gains
Shipments of semiconductor equipment posted a massive 49.1% jump in value, reflecting continued demand, boosted by the artificial intelligence boom.
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Trump announces ‘economic warfare’ on Iran, threatens ‘tremendous’ consequences for its backers
The announcement extends a pressure campaign the Trump administration has waged since April under the banner Operation Economic Fury.
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Diesel in California rises to $7 a gallon as wars in Europe and Middle East strain supply
Diesel prices are rising again just as farmers prepare for the harvest and freight transportation picks up ahead of the holiday shopping season.
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Iran reportedly weighs attacks on U.S. targets in Europe as UAE severs trade with Tehran
Washington and Tehran are considering next steps after negotiations fell apart, while the UAE has suspended trade with Iran.
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Widely followed investor survey shows extreme bullishness with little worry about rate hikes or AI spending
Bank of America Securities’ latest global fund manager survey showed investor sentiment is at its third most bullish level going back to 2022.
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Ship attack in Hormuz results in one casualty while Trump says strait is ‘open and operating’
A ship transiting the Strait of Hormuz has come under attack, resulting in one casualty among its crew.
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Ed Yardeni on when it will be time to worry about the ‘Bond Vigilantes’
Yardeni, who coined the term “Bond Vigilantes,” said he isn’t “pushing the panic button” amid the sharp rise in sovereign bond yields.
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