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With sweepingCryptocurrencylegislation stalled in Washington, financial regulators appointed under the current administration are preparing to establish rules for the digital asset industry on their own, even as questions remain about how durable those rules might prove. Crypto companies have spent hundreds of millions of …
Earnings season has been stellar so far, but the question remains whether the major retailers reporting this week can continue that trend. More than 91% of the S&P 500 has posted second-quarter earnings, with 84% topping expectations, according to a financial data provider. Home …
Two weeks after a historic joint US-Japanese effort to stop the yen's slide, the currency has moved back toward levels seen before the intervention took place. The US Treasury secretary carried out the first bilateral intervention in the yen since 1998, helping pull the …
South Korea has become a global economic winner as its makers of chips, ships and tanksCapitalizeon a race for AI supremacy and a wave of global rearmament. Boom times in strategic sectors including semiconductors and defenseManufacturingare rippling through the economy, which grew 3.6% in …
Treasury yields were little changed this week after long-dated bonds hit their highest level in almost two decades amid a worsening US fiscal situation and persistently elevated inflation. The yield on the 30-year Treasury bond eased slightly to trade at 5.294% after touching a …
Treasury yields have continued climbing at a particularly difficult time, as higher rates worsen the impact of the nearly $40 trillion government debt load. Longer-dated debt has been hit especially hard by the recent move, pushing the 30-yearBond Yieldclose to its highest level since …
President Trump said Tuesday that the US is not engaged in any talks with Iran and has no plans to start new ones, while continuing to assert that the Strait of Hormuz is open and has been cleared of naval mines. The statement abruptly …
Donald Trump's decision to scale back joint military exercises with South Korea has deepened concerns about US reliability among Indo-Pacific allies who were already nervous about his rhetoric on Taiwan. Hours before US and South Korean forces were due to begin their annual joint …
Ukraine launched more than 600 drones at Moscow overnight, the Russian capital's mayor said, calling it one of the largest long-range Ukrainian assaults on the Moscow region since the war began more than four and a half years ago. In an attack beginning Tuesday …
Russia has accused the UK of escalation and threatened consequences following reports that British-made drones were used by Ukraine in long-range strikes in recent days. The Russian embassy in London said in a statement that London was deliberately opting for an escalation of the …
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