Federal Reserve Governor Christopher Waller said Thursday he is leaning toward keeping interest rates steady at the central bank’s September meeting provided there are no surprises from upcoming inflation data. In remarks that seem to contrast with statements last week from Chairman Kevin Warsh, Waller expressed confidence in the current inflation trends, saying that tariff…
The El Niño climate event is intensifying into a “supersized” phenomenon that will persist until February 2027, raising the risk of floods, droughts and extreme heat in many countries, the United Nations warned on Thursday. It “has the potential to deliver a massive blow to communities and economies across the world,” Celeste Saulo, secretary general…
Russian President Vladimir Putin suggested Thursday that there is a “chance” at “peace” with Ukraine, but repeated that Kyiv’s warnings to airlines to avoid Russian airspace amounted to “state terrorism.” “Ultimately…the problem must be resolved by the countries involved in the conflict – Russia and Ukraine,” he said in translated remarks at the Eastern Economic…
American reliance on China for key components used to power data centers is coming under increasing scrutiny as Washington and Beijing battle for AI supremacy, raising the prospect of higher costs and worsening supply chain shortages for the AI buildout. U.S. hyperscalers are racing to build multibillion-dollar data centers for AI, and Chinese firms supply…
Traders work at the New York Stock Exchange on Aug. 25, 2026. NYSE The global bond rout is raising borrowing costs across the economy and forcing governments, companies and consumers to confront the possibility that expensive debt is here to stay. Global bond yields have been climbing to multiyear highs, with Germany’s 10-year yield reaching…
Gold bars lie in a safe on a table at the precious metal dealer Pro Aurum. Sven Hoppe | Picture Alliance | Getty Images The Dutch central bank (DNB) has transferred approximately 86 tons of gold out of the U.S. and Canada to the U.K., seeking to shore up its contingency planning in view of…
A Mediterranean Shipping Company (MSC) container ship sails off the southeastern Mediterranean coast of France in Marseille on April 7, 2026. (Photo by Thibaud MORITZ / AFP via Getty Images) Thibaud Moritz | Afp | Getty Images A months-long crisis in the Strait of Hormuz has turned an overlooked corner of the market into one…
A banner of US President Donald Trump outside of the Department of Justice (DOJ) building in Washington, DC, US, on Thursday, June 11, 2026. Al Drago | Bloomberg | Getty Images All states going forward must report undocumented immigrants known to be in a state to the U.S. Department of Homeland Security or risk losing…
BEIJING, CHINA – JUNE 19: The national flags of China and New Zealand flutter at Tian’anmen Square on June 19, 2025 in Beijing, China. Prime Minister of New Zealand Christopher Luxon pays an official visit to China from June 17 to 20. Wang Xin | Visual China Group | Getty Images New Zealand’s exporters are…
Alphabet CEO Sundar Pichai speaks at the AI Impact Summit in New Delhi, India, on Feb. 20, 2026. Prakash Singh | Bloomberg | Getty Images After wrapping up its longest monthly losing streak on Wall Street in more than a decade, Google has started September by giving investors several reasons for optimism. The company on…
