Macroeconomic data, trends, and policy developments.
Coverage of key economic indicators, central bank policy decisions, inflation trends, labor data, and growth signals. This category focuses on the macroeconomic forces that shape markets, interest rates, and long-term capital allocation.
6,933 total articles
Iraqi Prime Minister Ali al-Zaidi said he expects Iraq to receive a fair share within OPEC as he held bilateral talks at the White House with U.S. President Donald Trump. The trip to Washington aims to secure substantial U.S. investment in Iraq's oil, gas and power sectors after war-related damage that weakened crude output and state finances. Al-Z…
Federal Reserve Chairman Kevin Warsh told the House Financial Services Committee that he is equally committed to the central bank's employment mandate as he is to its inflation mandate, emphasizing that the two goals are not mutually exclusive. When asked about targeted steps to narrow Black-white unemployment disparities, Warsh said the United Sta…
Harriet Rees, the finance ministry's appointed AI champion and Starling Bank chief information officer, said Britain must rapidly develop domestic AI infrastructure, models and skills after most UK lenders were unable to access Anthropic's advanced AI model, Mythos. The limited rollout, which included U.S. lender JPMorgan, has prompted recommendati…
Manna, the Ireland-headquartered autonomous delivery operator, has begun full-scale U.S. operations in Tulsa, Oklahoma, and says 90% of local residents will be able to order drone deliveries within a year. The company plans to begin flying orders within two months, open 40 local bases by mid-2027 and leverage partnerships with DoorDash and Uber Eat…
Federal Reserve Governor Kevin Warsh told the U.S. House Financial Services Committee that any adjustments to the Fed's balance sheet policy will be publicly previewed, explained and debated. He emphasized that markets and congressional overseers would receive ample advance notice, reiterated that his views on the balance sheet are well known, and …
Federal Reserve Chair Kevin Warsh told lawmakers he would provide substantial advance notice to Congress and to financial markets before any adjustment to the central bank's balance sheet policy. Speaking to the House Financial Services Committee, Warsh reiterated that balance sheet decisions would be previewed, explained and debated, and that he w…
Major U.S. banks reported robust second-quarter earnings driven by booming investment banking fees and heightened trading revenue. Large IPOs and megadeals — including roles in a roughly $86 billion initial public offering — helped push investment banking revenue to its highest levels since 2021. Executives cautioned that geopolitical tensions, lof…
Recent U.S. inflation data for June showed a slower rise in consumer prices than in May, prompting traders to scale back expectations of a Federal Reserve rate increase at its late-July meeting. Core inflation held steady month-to-month, while oil market tensions and comments from Fed officials continue to shape expectations for policy decisions la…
The European Union Aviation Safety Agency has reinstated and reinforced guidance urging airlines to avoid the airspace of Bahrain, Kuwait, Qatar, the United Arab Emirates and the area over the Gulf of Oman, citing elevated risk as tensions between the United States and Iran escalate. The advisory, effective until July 29, follows recent missile exc…
U.S. consumer inflation moderated in June, with the Consumer Price Index rising 3.5% year-on-year and falling 0.4% on the month. The decline was driven mainly by lower gasoline prices amid a brief ceasefire in the Middle East that later collapsed. Core CPI eased to 2.6% year-on-year and was unchanged month-to-month. The data is unlikely to eliminat…
Federal Reserve Chairman Kevin Warsh told members of the House Financial Services Committee that the central bank will not accept persistently high inflation and is committed to reestablishing price stability. In his first congressional testimony, Warsh submitted the Board's semiannual Monetary Policy Report and described an economy expanding at a …
The Australian government will set up an Office of AI inside the Department of the Prime Minister and Cabinet to coordinate development of AI standards across federal agencies. Prime Minister Anthony Albanese will announce the plan in Sydney, saying the move replaces a patchwork, sector-by-sector approach and mirrors previous coordinated responses …
The Australian government will establish an Office of AI inside the Department of the Prime Minister and Cabinet to coordinate national AI standards and policy across ministries. Prime Minister Anthony Albanese is set to unveil the initiative in a major Sydney address, arguing for a unified approach to AI similar to past coordinated responses to ot…
Headline U.S. consumer inflation fell 0.4% month-on-month in June, the biggest single-month decline since April 2020, driven in part by lower gasoline prices. Core CPI, which excludes food and energy, was unchanged in June after a 0.2% increase in May. On a year-over-year basis, headline CPI rose 3.5% and core CPI increased 2.6%, both softer than e…
Citigroup reported a 45% increase in second-quarter net income and recorded its strongest quarterly revenue in ten years, driven by a spike in trading revenue amid market volatility and a jump in investment banking fees. The bank posted $5.8 billion in net income on $24.8 billion in revenue, with notable gains across equities trading, investment ba…
KPMG Australia is reportedly preparing significant workforce reductions and cuts to partner compensation as it responds to fallout from a whistleblower scandal. The firm has acknowledged missteps handling the complaint, launched another internal probe, and faces a formal regulatory investigation alongside broader scrutiny of audit firms. Potential …
A treaty signed in Brussels on Tuesday by senior British, EU, Spanish and Gibraltar officials formalizes arrangements intended to simplify movements across the Gibraltar-Spain frontier. The agreement allows Gibraltar residents to use residence cards to enter Spain without passport stamps, permits Spanish citizens to cross with a government ID card,…
Flex said it raised $70 million in a financing round led by Halo Fund. A source close to the deal placed the company's B1 valuation at about $1.2 billion, roughly double its valuation six months earlier. The three-year-old AI finance firm has raised $180 million in equity and $300 million in debt to date and is targeting mid-sized businesses it cal…
Goldman Sachs reported a substantial rise in second-quarter profit, driven by a surge in equities trading amid geopolitical-driven volatility and a rebound in corporate deal activity. Strong performance across equities and fixed income, plus higher investment banking fees and resilient asset and wealth management revenue, combined to push quarterly…
DeepSeek has held early discussions with prospective backers about launching a new financing round that would put the company at about $71 billion pre-deal, roughly one month after completing its first major funding round that raised about $7 billion at a $52 billion valuation, the Financial Times reported. The company did not immediately respond t…
Federal Reserve Chair Kevin Warsh will testify before Congress on July 14 in his first appearance since assuming leadership of the U.S. central bank. While Warsh has outlined several positions during public remarks and his Senate confirmation, key questions remain on how he views labor market trajectories, his stance on the 2% inflation goal, the r…
Federal Reserve Chair Kevin Warsh will testify before Congress over two days as he lays out his initial thinking on monetary policy and the economy. His early actions - including task force appointments and staffing choices - have been read by some observers as creating distance from President Donald Trump, even as questions remain about whether Wa…
Supreme Court Justices Amy Coney Barrett and Elena Kagan will appear before House and Senate appropriations subcommittees to explain the judiciary's funding request for the next fiscal year. The court is seeking roughly $230 million - about a 10% increase - with more than $14 million earmarked to expand protective activities for justices' residence…
Bank of England Governor Andrew Bailey told lawmakers that while the UK banking system remains resilient, the breakdown in talks and renewed attacks between the United States and Iran have elevated financial stability risks. Bailey said he had assessed the conflict risk at the lower end of the BoE’s scenario range when he voted last month in favor …
Kyrgyzstan has suspended all exports of gasoline, diesel and crude oil after supply disruptions from Russia produced acute shortages. The measure is temporary and will remain in place until domestic availability is judged sufficient. The move follows steep declines in Russian rail shipments of jet fuel and gasoline into Central Asia and Afghanistan…
