Japan raised its benchmark rate to 1.25%, the highest in 31 years, and the currency remains under pressure while long yields break records.
Sunday, September 27, 2026
24 storiesThe Treasury secretary said Tehran is completing its final crude shipments to China and will soon have nothing left to trade.
Beijing is considering approving purchases of Nvidia's RTX Pro 5500 by two of its largest AI buyers, days after a summit that left export controls unmentioned.
Chris Wright said oil flows through the contested strait are averaging close to 13 million barrels a day and that the US military is keeping them moving.
The company disclosed dozens of incidents, including user images posted online, as an Australian Senate inquiry summoned it and Anthropic.
A $300 billion sector is launching an industry body amid heightened scrutiny, even as fund managers report that redemption pressure is easing.
A bond sell-off has pushed long yields to levels last seen two decades ago, and budget forecasters have modelled what higher rates would do to the debt path.
Washington turned down Tehran's proposal to reopen the Strait of Hormuz in exchange for lifting the naval blockade, and Iran says it has still not received a formal answer.
Beijing and Washington set out a reciprocal tariff reduction and a dialogue on AI after Xi Jinping's state visit, with detail promised on Monday.
The University of Michigan's final September reading dropped as households reported deepening worries about prices, and year-ahead inflation expectations rose.
The Federal Reserve raised rates this month and officials have since said another increase this year is a reasonable expectation.
The two governments agreed to a dialogue on what the White House now calls super intelligence, but chip export controls were absent from the summit's readouts.
A federal appeals court found the Defense Department had ample support for excluding the AI company from military work, a ruling the department celebrated publicly.
After a quarter-point hike in September, governors and reserve bank presidents said more tightening is likely, and betting markets moved October odds close to 70%.
The Board would require full reserve backing and capital charges from payment stablecoin issuers, and make supervised banks seek approval before issuing through subsidiaries.
The bank attributes almost half of this year's index earnings growth to AI-related investment, and expects depreciation to offset nearly all of those gains by 2028.
The 30-year bond has climbed above 5.5% and most risk-free rates now sit north of 5%, with the long end moving far more than the policy rate.
Retail investors are pulling less money out of non-traded private credit funds and performance has improved, though withdrawal limits and weak inflows persist.
Tehran offered to reopen the strait and resume nuclear talks within a week in return for sanctions steps; Washington refused, and Iran says it will await a formal reply.
A three-day Washington summit produced reciprocal tariff relief, a channel for handling AI incidents and an extension of the trade truce, with the detail promised on Monday.
The University of Michigan index hit a four-month low in September and year-ahead inflation expectations rose to 4.6%.
The trilateral pact lets Washington build two new military bases on Greenland while leaving the island under Danish sovereignty.
The energy secretary says the United States will not stop exporting diesel, even as officials discuss voluntary cuts by refiners and a pause in fuel taxes.
A Government Accountability Office report says the agency spent without a strategic plan, including on tents and warehouses that went unused.