All coverage of United States, ranked by recency.
President Trump has launched a campaign blitz for Republicans in the run-up to the midterm elections, with some unexpected early stops in deep-red Oklahoma and Texas. Nancy Cordes reports from Denton, Texas.
Australia’s benchmark bond yield looks poised to fall below its US counterpart for the first time in over a year, as expectations for monetary policy in the two economies diverge.
Asian stocks were set for a modest decline as oil surged on the prospect of renewed US-Iran conflict, reviving inflation concerns. Bonds will be in focus after Treasuries rebounded.
Trade Minister Don Farrell asks the Trump administration to consider sparing Australian sheep farmers from future tariffs in exchange for Australian investment in America's lamb industry.
Mortgage rates spiked to their highest level in nearly three years, continuing their climb above the 7% threshold. Why it matters: Housing sales were already slow due to a lack of inventory and elevated rates, creating a risk that the market could further its freeze. Zoom in: The weekly average 30-year fixed mortgage rate was 7.28% as of Thursday, Freddie Mac reported . That's up 0.94 points fr...
Venezuela’s oil exports fell nearly 9% in September to 1.08 million barrels per day as soaring tanker costs forced traders to demand steeper discounts and delayed cargoes leaving the country. Global trading houses, including Vitol and Trafigura, pressed PDVSA for better terms as freight costs chew into margins, and tanker reroutings added to shipping delays that had already accumulated over the...
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Mortgage rates spike again to 7.28 percent The average 30-year fixed mortgage rate rose to 7.28 percent this week, worsening conditions for prospective homebuyers. © Keith Srakocic, Associated Press The average 30-year mortgage rate increased by...
China’s major refiners have suspended most refined fuel exports for October as Beijing prioritizes domestic supply security, removing another source of diesel, gasoline and jet fuel from an already severely constrained global market. PetroChina has cancelled several gasoline and jet fuel cargoes scheduled for October, while Zhejiang Petrochemical did not schedule exports during China’s week-lon...
"I don’t currently see an urgent need for further action," Federal Reserve Vice Chair for Supervision Michelle Bowman says after being asked about the future of monetary policy during an event hosted by the Atlantic Council in Washington. (Source: Bloomberg)
Enact Mortgage Insurance Enters Into a Forward Quota Share Reinsurance Transaction as Part of its Diversified Credit Risk Transfer Program The Manila Times
Federal Reserve officials weigh in on the sharp rise in Treasury yields after the 10-year hit a 24-year high. Minneapolis Fed President Neel Kashkari appeared on Bloomberg Surveillance Thursday, while Boston Fed President Susan Collins and Kansas City Fed President Jeff Schmid spoke in Asheville, North Carolina. And Fed Vice Chair Philip Jefferson discussed monetary policy at the University of ...
Energy secretary Miatta Fahnbulleh is holding crunch talks with her American counterpart over Donald Trump’s threat to curb diesel exports to Europe. City AM understands that Fahnbulleh is in direct contact with US energy secretary Chris Wright to discuss a US move to potentially choke off diesel exports to Europe that threatens to upend supply and send prices at the pump soaring, a person fami...
The Trump administration asked European allies to release diesel from their emergency stockpiles to increase global supplies and tamp down on soaring prices.
The benchmark 30-year fixed-rate mortgage rose to 7.28%, mortgage buyer Freddie Mac said Thursday. A year ago, the average rate was 6.34%.
Finding the right mortgage lender can save you thousands of dollars while simplifying the homebuying process.
A majority, 65%, of U.S. adults now blame Trump's policies for persistently high costs more than factors outside of his control, signaling growing weariness over his aggressive use of tariffs and continued unhappiness with the war with Iran.
Exports of crude oil from the Middle East hit their highest level in September since the war with Iran began, reinforcing a trend of increased supplies despite Iranian attacks on shipping in the Strait of Hormuz, according to analysis of shipping and commodity market data by industry observers. But while crude levels have risen, the refinery bottleneck that has caused a global spike in diesel p...
Federal Reserve Vice Chairman Philip Jefferson said it may take more time before policymakers can judge whether further interest-rate increases are needed to slow inflation during an event at the University of Virginia. (Source: Bloomberg)
Layoffs remain low and most American workers enjoy job security.
Vice-chair for monetary policy Philip Jefferson echoes dovish remarks made by New York central bank head John Williams
The relentless rise in long-term interest rates is starting to have effects on more parts of the economy, Kansas City Fed president Jeff Schmid told Axios Thursday. "You're starting to see some friction in some of the long-market users of credit," he said, pointing to multifamily housing and commercial lending. "Even on the mortgage rate side, it's starting to affect home prices, which is how t...
US state and local government debt posted its worst month in nearly two decades after inflation concerns, fueled by the ongoing US-Iran conflict, and fears of interest-rate hikes triggered a widespread bond selloff.
More countries are buying into a core piece of President Trump's argument about what is broken in global trade, even as his tariffs rattle the world economy. Why it matters: Two major agreements over the past month show that more countries are embracing the view that huge trade imbalances and excess production can hurt domestic industries and may warrant action. Driving the news: G20 trade offi...
Hiring plans are up 3% so far this year, signaling the labor market remains resilient, experts say.
It comes after a report that Chinese refiners suspended October fuel exports to protect domestic supplies.
A year or two ago, a few Canadian launch companies were trying to develop small rockets, but if we're being frank, the industry was not particularly notable. Sure, something interesting might eventually happen, but no one outside of a few Canadian space geeks was paying much attention. But then the Trump Administration started threatening and instituting tariffs. There was talk of making Canada...
Federal Reserve Bank of Kansas City President Jeff Schmid says the Fed hasn't fulfilled its promise on the inflation side of its mandate at the Richmond Fed's Investing in Rural America conference. (Source: Bloomberg)
Mounting food costs are stressing Americans out more than any other financial pressure, a new survey from the Kitchen Table Project finds. Former Federal Reserve vice chair and Kitchen Table Project chair Lael Brainard shares her thoughts.
A reduction in refineries has already driven the price of diesel to record highs, threatening economies. An U.S. export ban would be “tremendous shock and blow.”
US unemployment claims dip to 197,000, lowest since mid-July AP News
On this episode of the Odd Lots podcast, Luke Kawa, head of markets at Sherwood News, joins Tracy Alloway and Joe Weisenthal to discuss how domestic and global growth impulse is driving a lot of the market moves that we're seeing, from persistent inflation to rising global bond and US Treasury yields. (Source: Bloomberg)
Australia’s revenue from resource and energy exports is forecast to rise almost 5% in the year through June thanks to strong prices, even as its biggest trade partner China grapples with a years-long property crisis.
The U.S. Administration has urged Germany and France, Europe’s largest economies that hold a sizeable chunk of the EU’s emergency reserves, to release diesel from emergency stockpiles or face a potential U.S. diesel export ban, sources close to the discussions told Reuters on Thursday. Since crude oil prices jumped again in September to above $100 per barrel and the global fuel markets, especia...
Financial Times Alphaville editor and author of A Fabulous Debt Robin Wigglesworth tells Bloomberg This Weekend that rising bond yields reflect resilient growth and higher inflation expectations, but could increasingly constrain US spending as debt-service costs climb. Speaking with host David Gura, Wigglesworth explains why bonds underpin the global financial system and why today’s higher rate...
China driving worrying rise in EU imports, Commission official says Reuters
In April last year, Brussels launched an obscure “import surveillance task force” to track the impact of US President Donald Trump’s trade war with China on the EU economy. The bloc was concerned that Chinese shipments bound for the United States would be diverted to Europe at lower prices, imperilling local manufacturers. Eighteen months on, the European Union is on the cusp of its own trade w...
EXCLUSIVE: US slows aircraft-part exports to China as Trump seeks leverage in trade negotiations, sources say reuters.com
Treasuries might look cheap against stocks, GDP and the global cycle, but on their own historical terms they have more to fall before they become oversold and ready for a durable bounce.
President Donald Trump said he liked Anthropic PBC Chief Executive Officer Dario Amodei after a recent dinner, signaling a possible detente with the AI firm the Defense Department labeled a supply chain risk.
Prices briefly topped $85,000 on Wednesday after weaker-than-expected U.S. inflation cooled bets on Fed rate hikes, But bulls couldn’t hold the move and spot ETFs didn’t help.
Bitcoin erased its post-PCE gains as analysts cautioned that methodology changes complicated the lower-than-expected inflation reading.
China’s refiners have halted fuel exports until further notice, multiple sources briefed on the matter told Reuters on Thursday in a development that could further tighten the global fuel market. PetroChina, the state major, has canceled some gasoline and jet fuel cargoes that were expected to be shipped in October, according to the sources. China suspended fuel exports in the spring and early ...
Gaat president Trump besluiten tot een verbod op export van Amerikaanse diesel om de prijzen aan de pomp in de VS te verlagen? Het is een vraag die energiebedrijven en Europese leiders bezighoudt, want een Amerikaans exportverbod voor diesel kan Europa hard raken. Trump zei dinsdag achter een exportverbod op diesel te staan. Afgelopen maanden is de dieselprijs ook in de VS naar recordhoogtes ge...
Russia is responding to Ukraine’s Black Sea attacks by seeking to reroute its grain exports, but so far the efforts are falling short — only about 1/10th of the volumes are being shipped through the key alternative ports, data show.
Taiwan is allocating the equivalent of $13 billion for energy cost support for state power generation company Taipower and refiner CPC, Reuters has reported, to offset the sharp cost inflation resulting from the war in the Middle East. Taiwan is already subsidizing energy costs for consumers to avoid a spike in bills, unlike other countries that have passed additional costs on to consumers and ...
The market is acting in ways that make it very hard to get a handle on what exactly is going on right now. The overall indices are surging, while many individual stocks are doing badly. Rates are rising, but the economy is still robust. There’s capex spending and the AI trade. There’s the war in Iran. And of course there’s persistent inflation and the Federal Reserve’s ongoing tightening cycle....
Pakistan’s government is considering allowing power plants and private firms to directly import LNG procured on the spot market as the country has been struggling with an energy crisis since the Iran war crippled Qatar’s term supplies. Pakistan’s Energy Ministry has proposed easing the existing regulation to allow private companies to directly import LNG, a source with knowledge of the delibera...
Chinese fuel exporters have canceled some oil-product cargoes slated for export in October, as Asia’s top consumer prioritizes domestic supply during an extended period of upheaval in global energy markets.
The UK’s long-term borrowing costs hit 6% for the first time in almost three decades as concerns about entrenched inflation and mounting government debt burdens lifted yields globally.
A potential ban on U.S. diesel exports could have “a negative impact on gasoline,” U.S. President Donald Trump said late on Wednesday, although he didn’t rule out such a move from the Administration. The President told reporters in the Oval Office that he and the Administration continue to discuss the pros and cons of a diesel export ban every day, “but it just seems that it would have a negati...
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)
Countries that moved fast to tackle this year’s inflation spike are finding favor with bond investors, while those that delayed may end up paying the price in higher rates.
What do US politicians agree on? Inflation is the other party’s fault: Marty Fridson Zawya
After months of wait-and-watch, India is calling out differences with Trump head on as domestic pressure mounts.
Oil steadied after gaining early on October 1st on uncertainty over the Middle East flow recovery can be sustained. Crude rose for a third month in September, as Washington and Tehran failed to make headway toward a lasting peace agreement that would fully reopen the Strait of Hormuz. Victoria Mitchell, Control Risks’ Senior Analyst for Maritime told Bloomberg’s Abeer Abu Omar on Horizons Middl...
Indian oil refiners are hiring tankers to sail through the Strait of Hormuz to pick up crude from within the Persian Gulf, a change of tactics to help them cut costs and secure their supply chains.
Global agriculture prices notched their biggest quarterly jump since Russia’s invasion of Ukraine in early 2022 on fresh tensions in the Black Sea region and extreme weather, in a potential headwind for central bank inflation targets.
US consumer sentiment stabilized at a low level over the summer as shoppers grappled with inflation and high gas prices, Pandora A/S Chief Executive Officer Berta de Pablos-Barbier said.
President Donald Trump said Wednesday he hasn’t yet made up his mind on whether to impose a ban on diesel fuel exports, despite fierce pushback on the idea in recent days from the oil and gas industry and some of his own advisers. The White House is facing growing pressure to take steps to bring down record high diesel prices ahead of the midterm elections, and Trump indicated last week he woul...
Greer urges G20 to back Trump tariff agenda, takes aim at China Reuters
