A clear shift in American foreign policy has emerged, with officials announcing that a nuclear cooperation agreement with Saudi Arabia will not move forward unless the kingdom recognizes Israel. This pronouncement comes amid a complex web of diplomatic developments, where efforts to normalize ties …
China's growing influence in the Middle East is poised to reshape global market dynamics, particularly for gold and the U.S. dollar. Analysts suggest that these developments will redefine the roles of these assets, with gold likely to emerge as a key beneficiary. The evolving …
Renewed Gulf hostilities have revived stagflation concerns across global markets, as the combination of surging energy costs and slowing growth expectations raises the uncomfortable prospect of simultaneously higher inflation and weaker economic activity, a policy challenge that central banks have historically struggled to address …
Brent crude surged above $100 a barrel for the first time since May after Houthi attacks on Saudi tankers in the Red Sea raised fears of a second shipping chokepoint closing alongside the Strait of Hormuz. The move marks a significant escalation in the …
Ten-year Treasury yields hit their highest level since January 2025 at 4.71%, while 30-year yields neared 5.19%, a level not seen since 2007, as oil-driven inflation fears fuel a hawkish repricing of Federal Reserve policy expectations. The scale of the move across both the …
The 'Magnificent Seven' stocks shed nearly $800 billion in market value on Thursday, led by Alphabet and Tesla, on concerns over ballooning artificial intelligence capital expenditure from Microsoft, Amazon, and other major technology companies. The scale of the single-day decline ranks among the sharpest …
Bitcoin is down about 25% this year and briefly tested $60,000, extending a slide that has persisted through much of 2026 as US spot crypto ETFs saw $2.7 billion in outflows over the past six weeks. The scale and persistence of this outflow trend …
The Trump administration imposed fresh 10% to 12.5% tariffs on goods from the European Union, China, and dozens of other trading partners, citing forced-labor enforcement failures as the basis for the action. The breadth of the tariff action, covering 60 trading partners in a …
The Nasdaq Composite fell Friday, weighed down by semiconductor stocks as the index headed toward a losing week. The tech-heavy index dropped 0.5%, while the S&P 500 traded near the flatline and the Dow Jones Industrial Average climbed 134 points, or about 0.3%, showing …
Sales of new single-family homes in the United States rose 1.6% month over month to a seasonally adjusted annual rate of 628,000 in June, according to data jointly released by the Census Bureau and the Department of Housing and Urban Development. The figure exceeded …