Economy
The global economy: growth, inflation, jobs, trade, debt and the macro forces shaping every market on the planet.
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Trump’s 50% Tariffs on Canada: What to Know, and What’s Next
The president said punishing 50 percent tariffs would begin by Aug. 19, a significant escalation of the trade war between Canada a…
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Iran War: Iran Rumored to Be Readying Big Attacks as Trump Vows More Escalation and Rubio Disses Talks; Brent Rises to $94 a Barrel as Hormuz Transits Fall, Ships Turn Away from Bab el-Mandeb; Hegseth Fried in Iran Hearings
Today's Iran war news: How the US is clearly losing military as pressures are rising on the economic and political fronts.
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Laredo’s Future Rides on Trump’s Next Trade Move
The economy of Laredo, Texas, has boomed under the president’s global tariffs. Now, his demands may threaten its success.
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Oil surges on US-Iran war, doubling RBA rate hike probability
A full-scale US-Iran conflict has driven Brent crude up 23% in two weeks, doubling market expectations for a Reserve Bank of Austr…
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Trump Is Squeezing Canada. Don’t Expect Carney to Roll Over.
The president’s new tariffs on a top U.S. trading partner aim at gaining concessions, but the Canadian government, and the public,…
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Iran War: Washington Post, Telegraph Confirm US Inability to Sustain War; Ansar Allah Closes Bab el-Mandeb Amid Reports of MBS Dethronement; Possibility of Nuclear Attack on Pickaxe Mountain
Today's Iran war news: As the US becomes weaker and Iran gets stronger, will the US resort to a nuclear bomb?
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US imposes 50% tariffs on most Canadian goods
Washington is slapping a 50% duty on most Canadian imports, threatening to disrupt integrated supply chains and push US inflation …
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Trump to Impose 50% Tariff on Many Canadian Goods
The administration will use an untested legal provision to put significant duties on Canadian exports, reigniting a clash with one…
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American Oligarchs Sell the Ground Out From Underneath Their Own Feet
Their "Arsenal of Democracy” is breaking down (a good thing!); too bad it doesn’t mean redirecting social capital toward social ne…
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Modest US rate rise unlikely to dent small business credit
A potential 25-basis-point interest rate hike under the new Fed chair will have negligible impact on mainstream small business bor…
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Stablecoin push into US banking system stirs systemic risk fears
The passage of the Genius Act and a concurrent rollback of enforcement have integrated private stablecoins into the US banking sys…
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Iran strikes Bahrain refinery, widens Gulf energy threat
A US campaign targeting Iranian civilian infrastructure has drawn retaliation against Gulf energy assets, threatening critical oil…
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US slaps 25% tariffs on Brazil with election looming
The US will impose a 25% tariff on most imports from Brazil starting later this month. It's the first action in the Trump administ…
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US Crude Stocks Fall as Hormuz Disruption Risks $200 Oil
Ongoing Strait of Hormuz disruptions and a Russian diesel export ban are tightening US fuel supplies, pushing end-user costs above…
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Europe's €12trn savings glut stalls AI catch-up
Europe risks repeating its IT-era economic stagnation as fragmented capital markets trap €12 trillion in household savings away fr…
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Trump Administration to Impose New Tariffs on Brazil
The United States accused the country of unfair trade practices. The tariff will replace ones that the Supreme Court struck down.
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Iran War: Trump TACOs on Strait of Hormuz Fee as Blockade Starts but Again Threatens to Attack Iran Energy and Critical Infrastructure as Iran Warns of Closure of Bab el-Mandeb, Destruction of Gulf State Energy Production
Today's Iran war news: Trump's continued ferocity is way out of line compared to what the US can achieve. So what might transpire?
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White House Cheers Inflation Data While Iran War Sparks New Price Surge
The news of an improvement in consumer prices in June came as the U.S. and Iran escalated attacks, risking a return to high energy…
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Trump forced to refund billions in tariffs – The Latest
The US government has been forced to pay billions in refunds to companies that were hit by Donald Trump’s ‘liberation day’ tariffs…
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Warsh Reiterates Fed’s Pledge to Get Inflation Down
Kevin M. Warsh, since becoming chairman of the Federal Reserve, has declined to say whether he supports higher interest rates to t…
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The Fed’s new chairman is asking for advice.
Five new task forces are focused on topics that Kevin M. Warsh, the chairman of the Federal Reserve, has said are “central to the …
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Warsh to Reiterate Fed’s Pledge to Get Inflation Down
Kevin M. Warsh, since becoming chairman of the Federal Reserve, has declined to say whether he supports higher interest rates to t…
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US-Iran strikes push oil higher, revive ECB and BoE rate hike bets
A third night of US military strikes against Iran drove energy prices sharply higher, forcing investors to abandon expectations of…
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Hormuz Blockade Returns as Iran Strikes US Fleet and Tankers
The US and Iran have abandoned economic incentives for a direct punishment strategy in the Strait of Hormuz, threatening global oi…