Economy
The global economy: growth, inflation, jobs, trade, debt and the macro forces shaping every market on the planet.
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US economy grows sluggish 1.5% in second quarter as inflation tops Fed target
Consumer spending remained resilient even as policymakers kept interest rates on hold The US economy expanded at a sluggish 1.5% p…
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U.S. Economic Growth Slowed in the Second Quarter
Gross domestic product expanded at a 1.5 percent annual rate over the past three months, as war in the Middle East shook energy pr…
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Only the Middle East crisis is preventing a drop in UK interest rates
Bank’s wariness about inflationary pressures from the conflict lie behind decision to hold steady at 3.75% Business live – latest …
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Iran War: Jordan Strike Shows Iran Intensifying War to Exhaust US Economy and Military; Trump Takes Bait by Retaliating
Today's Iran war news: Iran is trying to deke Trump into more energy and munitions depleting action. He seems to be falling into t…
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Rob Urie – Empire Versus Civilization: The US Is Now Officially a Pariah State
Rob Urie shreds the downtrodden state of the Empire, including the desperation revealed by reviving the tired "Communist" bugaboo.
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US borrowing costs hit 19-year high as Fed holds interest rates
Bank’s chair pledges to keep up fight against inflation but decision brings fears of a failure to keep pace US government borrowin…
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Government Borrowing Cost Hits Two-Decade High After Fed Rate Decision
The surge in Treasury yields suggests investors doubt that the Federal Reserve can keep inflation contained.
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Fed Holds Rates Steady but Three Officials Back Increase
Kevin M. Warsh’s second meeting as chairman of the Federal Reserve was colored by internal divisions over the path forward for pol…
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4 Takeaways From the Federal Reserve Meeting
Fed officials held interest rates steady, but they have splintered over how to fight inflation.
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Trump’s Tariffs Are Sending Some Companies Back to China
For some U.S. brands seeking a location for their factories, the economic logic is once again pointing to China.
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Iran War: Despite Serious Damage to Saudi Oil Infrastructure and No Settlement in Sight, Oil Prices Drop; Netanyahu to Talk War with Trump
Today's Iran war news: The press and investors weirdly ignore serious damage to Saudi oil assets and instead trust the negotiation…
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Social Security and the Vanishing Paycheck
Social Security runs on the paycheck. But a growing share of American wealth now comes from profits, assets, and ownership.
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Iran War: Trump Dithers as Strait of Hormuz Damage Compounds; Ansar Allah-Saudi Conflict Spirals, Adding to Economic Harm; Iran Threatens Retaliation Against Ukraine
Today's Iran war news: The US-Iran strikes remain on hold for a second day. But Netanyahu and other Lindsey Graham fans are in DC …
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Oil prices fall as US pauses strikes on Iran over strait of Hormuz
Brent crude drops 6% to below $91 a barrel, while shares in energy firms BP and Shell slide on FTSE 100 Business live – latest upd…
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Could a Crash Halve Stock Prices?
US and UK stock prices are in nosebleed terrain. How far could they fall?
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Why Trump's 'forced labor' tariffs leave the world puzzled
After the US Supreme Court struck down Donald Trump's emergency tariffs, the White House has turned to another trade law linked to…
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Iran War: Trump Threatens More Intense Attacks as Advisors Push for Humanitarian Crisis by Hitting Food and Water Stores; Oil Rises to Over $100 a Barrel; Iran Warns UK; Trump Retrades Saudi Nuclear Deal with Abrams Accord Requirement
Today's Iran war news: Trump may have aged out of his TACO habits and is readying new, potentially global-economy-wrecking, attack…
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Pakistan’s US-Iranian Mediation Services Were Just a Bid To Get a Multibillion-Dollar Bailout
As many suspected, Pakistan's mediation between the US and Iran wasn’t a selfless diplomatic service for regional peace, after all…
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Trump’s Global Tariffs: What’s the Latest on the Trade War
The president has unveiled a complicated system to forge ahead with his trade war, after the Supreme Court stuck down his original…
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White House trails announcement on tariffs amid reports of new duties
Trump officials say they will announce next phase of US trade policy as 10% global tariffs are due to expire on Friday Donald Trum…
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Trump Prepares Yet Another Strategy to Resurrect Global Tariffs
The administration’s 10 percent global tariffs are set to expire at midnight, but officials have been preparing replacements.
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US-China AI rivalry heats up as Chinese models gain ground
China's AI platforms are rapidly closing the gap with their US counterparts, prompting fresh threats from the Trump administration…
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Oil Near $100 as Houthi Blockade Threatens Saudi Red Sea Exports
Ansar Allah attacks on Saudi tankers have pushed crude prices toward $100 a barrel, exposing a critical vulnerability in global en…
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Trump Administration Plans to Stick With Tariffs, Trade Representative Says
Jamieson Greer, the president’s top trade negotiator, told the Senate that the United States remained intent on tariffs as it prep…