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The US economy expanded at an annualized rate of 1.5% in the second quarter of 2026, according to the advance estimate from the Bureau of Economic Analysis, a notable slowdown from the first quarter's 2.1% pace and below the 2.1% growth rate economists had …
The number of Americans filing new claims for unemployment benefits rose to 197,000 for the week ending July 25, an increase of 9,000 from the previous week's revised level, according to data from the Department of Labor. Despite the uptick, the figure came in …
The Bank of England left its key interest rate unchanged at 3.75% at its July meeting, a decision that aligned with economists' expectations even as the Monetary Policy Committee's 6-3 vote revealed a notable increase in internal disagreement. 3 Committee members dissented in favor …
A drone strike on gas vessels at Egypt's Mediterranean port of Damietta has raised the prospect of a new front in the conflict, potentially threatening navigation through the Suez Canal, one of the last remaining safe export routes for Saudi oil. Egypt's cabinet said …
The Federal Reserve's preferred inflation gauge showed prices declining 0.1% on a monthly basis in June, following a 0.5% increase in May, according to data released by the Bureau of Economic Analysis. On an annual basis, headline PCE inflation eased to 3.7% from 4.1%, …
US personal spending rose $65.2 billion, or 0.3%, in June, a notable slowdown from an upwardly revised 0.9% increase in May. The deceleration traced primarily to a sharp drop in gasoline spending, which fell as crude oil prices declined following peace negotiations between the …
The yield on the US 10-year Treasury note edged up to 4.69% on Thursday, building on the previous session's 7 basis point increase to reach its highest level since January 2025. The move reflects continued investor repositioning following Wednesday's Federal Reserve meeting, where the …
US equity futures rose early Thursday as investors weighed a mix of Big Tech earnings, the Federal Reserve's decision to hold rates steady, and renewed hostilities in the Middle East. Dow futures added 158 points, or 0.31%, while S&P 500 futures advanced 0.35% and …
Iran's Islamic Revolutionary Guard Corps threatened further escalation on Thursday, saying it will punish the aggressor and warning that countries assisting the United States in the conflict would also face a harsh response, according to Iranian state media. The IRGC also reiterated that it …
The most striking outcome of Wednesday's Fed meeting was not the decision itself, a widely expected hold, but the gap between Chairman Kevin Warsh's rhetoric and how bond markets responded to it. Long-dated Treasury yields surged even as the more policy-sensitive 2-year yield declined, …
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