July PCE inflation climbs to 5-month high levels: will the Fed still cut rates?
Core July PCE inflation surged to 2.9% compared to last year, up from 2.8% the month before, and the highest…
Canada’s economy shrinks more than expected in Q2 as exports slump
Canada’s economy contracted at a sharper pace than forecasted in the second quarter as exports pulled back in the face…
EU seeks stricter gas origin rules to cut Russian dependence
The European Union is currently exploring the implementation of more stringent regulations for companies regarding the verification of the origin…
Evening digest: markets react to Trump spending cut, Musk SEC showdown, Nvidia slump
Tech and finance headlines shook markets on Friday as Trump sparked controversy by cutting $4.9B in spending without Congress’s approval,…
Sanctioned Russian Arctic LNG 2 cargo faces sanctions test with China delivery
On Thursday, a tanker laden with liquefied natural gas (LNG) from Russia’s sanctioned Arctic LNG 2 plant arrived at an…
EUR/USD slips amid French political turmoil, Fed uncertainty
The euro fell against the US dollar amid heightened volatility in global currency markets, with EUR/USD dropping to 1.1616, a…
Urban Outfitters stock slides 4% despite strong quarter on cautious outlook
Shares of Urban Outfitters fell more than 4% in early trading on Thursday after the fashion retailer issued a cautious…
US stocks open mostly higher as Nvidia stock rebounds: Nasdaq up 0.4%
US stocks edged higher on Thursday as traders digested Nvidia’s latest earnings, which many saw as a fresh endorsement of…
Fed Governor Lisa Cook sues President Trump over attempted removal
Federal Reserve Governor Lisa Cook has filed a lawsuit against President Donald Trump, challenging his move to remove her from…
US GDP rebounds 3.3% in Q2 as imports plunge after tariff surge, consumer activity firms up
The US economy staged a strong rebound this spring, recovering from its first contraction in three years as imports fell…