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Worsening trade tensions between the US and Canada have diverted attention from a deeper debate about the Trump administration's use of Section 301 of the Trade Act of 1974 to reshape significant parts of the US tariff schedule. Many have asked whether the administration …
US job openings increased in July amid a surge in manufacturing vacancies, though weak hiring suggested the labor market remains in a holding pattern. Job openings, a measure of labor demand, rose by 89,000 to 7.271 million by the last day of July, the …
US manufacturing activity expanded in August for the eighth consecutive month, according to the latest ISM Manufacturing PMI report from the Institute forSupplyManagement. The Manufacturing PMI registered 54.6%, a decrease of 1 percentage point compared with July's reading of 55.6%. The overall US economy …
Alphabet's Waymo is expanding its commercial robotaxi service, and Amazon's Zoox said it plans to begin testing in more US cities, as the nascent robotaxi market continues to gain momentum. Waymo, which holds a commanding lead in the US market, said it is now …
Federal Reserve Chair Kevin Warsh may be about to hand President Trump the one thing he does not want ahead of November's midterm elections: anInterest Rateincrease. For years, Trump pressured Warsh's predecessor as Fed chair to lower rates, and since appointing Warsh earlier this …
Six months into the war between the US, Israel, and Iran, Washington may find it harder to calm jittery oil markets after successive administrations drew down the aging Strategic Petroleum Reserve over the past five years. The reserve, created after the oil crises of …
Oil prices extended gains on Tuesday as traders weighed the risk of further escalation following the resumption of US-Iran military strikes and renewed turmoil in the Strait of Hormuz. A tanker was struck by three unknown projectiles while transiting the strait on Monday, the …
The United States' decision to welcome Russia back to a G20 finance leaders' meeting while simultaneously denying some journalists access to the gathering dismayed several finance leaders present, overshadowing Washington's stated goal of focusing talks on global economic growth. The two-day meeting in Asheville, …
Japan's benchmark 10-year bond yield struck the key 3% level for the first time since 1996 on Tuesday, as a deepening globalDebtselloff intensified on concerns about oil-driven inflation, monetary tightening, and worsening fiscal conditions. With the Middle East crisis stoking price pressures worldwide, yields …
Emerging markets are likely to see a surge of investor money as they seek new opportunities following the US Treasury's bond buyback plans, which have weakened the dollar, according to analysts. Last month, US Treasury Secretary Scott Bessent doubled planned buybacks of longer-dated US …
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