S&P 500 7,429 -1.07% Nasdaq 24,877 -3.72% Dow Jones 52,747 +1.00% FTSE 100 10,871 +2.69% DAX 25,464 +1.81% Nikkei 225 63,023 -5.12% Hang Seng 25,311 +0.71% WTI Crude 81.74 -11.34% Gold 4,024 -0.55% US 10-Year Treasury Yield 4.604 -1.14% S&P 500 7,429 -1.07% Nasdaq 24,877 -3.72% Dow Jones 52,747 +1.00% FTSE 100 10,871 +2.69% DAX 25,464 +1.81% Nikkei 225 63,023 -5.12% Hang Seng 25,311 +0.71% WTI Crude 81.74 -11.34% Gold 4,024 -0.55% US 10-Year Treasury Yield 4.604 -1.14%

LATEST

Social Security's 2027 COLA could disappoint retirees●Hong Kong stocks hunker down for a day packed with Fed decision, jumbo IPO debut●The U.S. Army Just Called China’s Bluff in the Rare Earth War●Corning’s AI data-center trade hits a guidance wall●Shanghai Clearing House targets global growth with expanded offshore yuan push●Anthropic clarifies stance on open-weight AI models●Myanmar parliament passes crypto scam bill with penalties up to life●SK Hynix second-quarter profit surges to a new high — but misses estimates●Social Security's 2027 COLA could disappoint retirees●Hong Kong stocks hunker down for a day packed with Fed decision, jumbo IPO debut●The U.S. Army Just Called China’s Bluff in the Rare Earth War●Corning’s AI data-center trade hits a guidance wall●Shanghai Clearing House targets global growth with expanded offshore yuan push●Anthropic clarifies stance on open-weight AI models●Myanmar parliament passes crypto scam bill with penalties up to life●SK Hynix second-quarter profit surges to a new high — but misses estimates●

Economy

UK faces ‘very difficult trade-offs’ in budget because of Iran war, say analysts

Economics | The Guardian · 1h ago

UK faces ‘very difficult trade-offs’ in budget because of Iran war, say analysts

Leading thinktank says higher oil prices and inflation will give Andy Burnham a ‘challenging inheritance’ Andy Burnham has been warned by a leading thinktank of “very difficult trade-offs in the next autumn budget” if the Iran war keeps oil prices and inflation high. The National Institute of Economic and Social Research (NIESR) said the new prime minister faced a “challenging inheritance” and his plans to revamp public services would meet severe pressure from persistently higher prices. Continue reading...

Read the full story at Economics | The Guardian →

More Economy

Iran War: Despite Serious Damage to Saudi Oil Infrastructure and No Settlement in Sight, Oil Prices Drop; Netanyahu to Talk War with Trump

naked capitalism · 13h ago

Marmite and Dove owner Unilever warns of price rises due to growing costs

Economics | The Guardian · 13h ago

Social Security and the Vanishing Paycheck

naked capitalism · 17h ago

Iran War: Trump Dithers as Strait of Hormuz Damage Compounds; Ansar Allah-Saudi Conflict Spirals, Adding to Economic Harm; Iran Threatens Retaliation Against Ukraine

naked capitalism · 1d ago