The Treasury secretary defended his buyback programme, a joint yen intervention and the president’s proposed $5,000 dividend as Democrats pressed him on yields and energy costs.
Ottawa paired a new investment tax deduction with a room full of the world’s largest asset managers as its trade war with Washington continues.
The budget office says the conflict has cost the Pentagon about $38 billion so far and will add $2 billion to $3 billion a month, while lifting its inflation projection for early next year.
The designation targets Russia’s second-largest bank for helping Iran evade sanctions and exposes institutions that keep dealing with it to secondary measures.
Beijing can now block citizens from leaving the country over national security or technology export violations, under rules that reach private citizens and lower-level officials.
Pump prices are at record highs for diesel in every state, and the administration is considering a Cold War statute to expand US refining capacity.
With Hormuz already closed, Qatar says losing the Red Sea chokepoint as well would be catastrophic for the entire world.
Chris Wright told CNBC that the outage on the line bypassing the Strait of Hormuz will be measured in days rather than weeks.
The crypto industry’s top legislative priority failed its procedural vote, and the shares that had priced in regulatory clarity fell with it.
The company began another round of layoffs in the same week reporting confirmed its co-founder had scrapped a plan to sell up to 50 million shares.
Chipmakers fell and cybersecurity shares rallied as investors began separating the companies that need endless AI capital spending from those that fund it.
The loss of the main route around the blockaded Strait of Hormuz has pushed crude higher and forced Riyadh back through the waterway it built the pipeline to avoid.
Factory output held up while retail sales barely grew and property investment fell close to a fifth, prompting Goldman Sachs to cut its growth forecast.
Markets have all but priced a quarter-point increase on Wednesday, a decision that would put the new Fed chair at odds with the president who chose him.
The waterway is tightening capacity for a second time this year, adding a third chokepoint to a shipping map already squeezed at Hormuz and Bab el-Mandeb.
Fitch put the trailing twelve-month default rate at a record level just as regulators, senators and litigators turned their attention to the asset class.
A cloture vote needing 60 votes will decide whether the biggest US crypto bill advances, with community banks and the Treasury fighting over stablecoin yield.
The benchmark US yield crossed a threshold it had not seen in years, dragged up by energy prices and a hawkish turn among policymakers.
The central bank will make no reserve-management purchases for a second straight month, citing ample reserves, while continuing reinvestment operations.
The Treasury sold $13 billion of twenty-year bonds at the highest yield on record for the maturity, with foreign bidding described as weak.
A quarter-point move on Friday would take the policy rate to its highest level in three decades, with the yen rally and the long end of the global bond market both hanging on the decision.
The central banks’ own institution says investors are growing cautious about a rally now resting on rising debt and leveraged non-bank money.
The president phoned the Nvidia chief mid-interview to reject the slowdown case that three of the industry’s most powerful founders had just endorsed.
The University of Michigan’s preliminary September reading came in well below forecast, with petrol prices and tariff talk cited as the main drags.