Bessent says US-Iran deal to reopen Strait of Hormuz possible this week
US Treasury Secretary Scott Bessent said Washington and Tehran could reach a deal as early as Tuesday or Wednesday to…
World News
Global economic and financial news — Federal Reserve decisions, geopolitical events, trade policy and macroeconomic data that move financial markets worldwide.
FCC Drafts Ban on New Chinese Optical Transceivers Powering AI Data Centers
The Federal Communications Commission is drafting a ban on U.S. imports of new Chinese optical transceivers used inside AI data…
Global stocks climb near record highs as oil rebounds on Mideast tensions, yen steadies
European stocks climbed alongside U.S. futures on Tuesday, even as a rebound in oil prices signaled scepticism that the U.S.-Iran…
Kevin Warsh’s Repeated Use of the Word ‘Shocks’ Signals a Fed Shift Toward Rate Hikes
Federal Reserve Chair Kevin Warsh repeated the word "shocks" 10 times while describing America's inflation after the July 29 FOMC…
Aramco Profit Jumps 33% as Iran War Squeezes Oil Supply, Trump Slams Oil Majors’ Profits
Saudi Aramco's second-quarter profit jumped 33% as the Iran war squeezes global oil supply and lifts prices, beating analyst estimates….
