Two regional Fed presidents keep this month’s rate rise alive
Austan Goolsbee called September’s inflation reading discouraging and Beth Hammack said rates may have to go higher, against a market that has nearly written the move off.
Austan Goolsbee called September’s inflation reading discouraging and Beth Hammack said rates may have to go higher, against a market that has nearly written the move off.
Kyiv cannot establish whether the restrictions came from the White House or from SpaceX, and lawmakers in both parties want an inquiry.
Katie Zacharia was pushed out on Friday, and reports that Susie Wiles could be replaced drew a flat denial from the president.
The secretary of state says the waiver is a pause to analyse the economic impact, while House Republicans threaten defence money over it.
Iran’s foreign minister wants conditions met and guarantees against new attacks; the US war secretary answers with an ultimatum.
At a CBS News town hall the vice-president defended the war, the economy and the administration’s visa rhetoric.
China’s commerce ministry has proposed controls on 12 solar manufacturing technologies, part of a draft list of 40.
A survey of economists points to productivity gains from artificial intelligence, while the Fund warns the benefits are concentrated and the labour effects are already visible.
Steve Witkoff and Jared Kushner have raised resuming Russian gas transit through Ukraine in peace talks, drawing an objection from Berlin.
London says it takes a different view, Ottawa’s former finance minister accuses the president of siding with Moscow, and Paris warns about trust.
The treasury secretary used a Sunday television interview to disclose that allied governments declined to join a secondary-tariff push.
UK inflation lands on Wednesday, traders price a November rate rise as near certain, and a reported bet against sterling has reached seven billion pounds.
The former vice president broke with the administration on Sunday while the energy and treasury secretaries called the waiver an incentive for Moscow.
Axios reports it as the first explicit public endorsement by a US president of a candidate in an Israeli election.
Kyiv says intelligence sharing has resumed after a pause, as the Ukrainian president pushes for an in-person meeting.
The former head of the government’s cost-cutting effort says savings alone cannot fix the national debt, and calls his own experiment a failure.
Default protection on the AI cloud company’s debt priced at distressed levels, and bondholders of larger AI borrowers took losses too.
The company’s cost of debt has moved with the whole asset class, and PIMCO puts hyperscaler capital spending at 93% to 94% of operating cash flow.
Pump prices are up nearly 45 percent, and cabinet secretaries spent Sunday tying the relief timetable to the Iran war.
Jensen Huang rejected the idea that security failures are an unavoidable cost of the technology, while the president called warnings about AI a hoax.
The same analysis puts the gain for the richest 1% at $12,560, and consumer sentiment is now weaker than it was after the 2008 crisis.
Pan Gongsheng told the IMF’s steering committee he supports closer surveillance of fiscal and spillover risks, while pledging wider access to China’s markets.
Marches drew hundreds of thousands and turned destructive, days before a budget moment that commentators are calling make or break.
Democrats lead on the generic ballot by eight to 10 points, and Republican winning streaks dating to the 1930s are suddenly competitive.