Students walk on campus at Harvard University, in Cambridge, Massachusetts, U.S., Nov. 19, 2025. Reba Saldanha | Reuters The U.S. Treasury Department and the IRS issued proposed regulations on Thursday to end federal tax-exempt status for thousands of private schools that use race to influence factors like admissions or student aid. Such a move threatens…
Treasury Secretary Scott Bessent speaks after the 2026 G20 Financial meetings on Sept. 1, 2026 in Asheville, North Carolina. CNBC China was the only Group of 20 member to dissent from a joint statement that “non-market based economies pushing out a never-ending stream of cheap exports is not sustainable,” Treasury Secretary Scott Bessent said Tuesday….
Government bond yields jumped across major markets Tuesday, with borrowing costs in Japan and the U.K. touching multi-decade highs, and U.S. Treasury yields surging, as renewed Middle East hostilities reignite inflation concerns. The key U.S. 10-year Treasury note yield moved to a 20-month high, rising 3 basis points to trade at 4.7880%. Japan’s benchmark 10-year…
A man walks past an electronic quotation board displaying 10-year Japanese government bonds (L), an index of long-term interest rates on the Tokyo bond market, and the foreign exchange rate of the Japanese yen against the US dollar (C) along a street in Tokyo on May 18, 2026. Kazuhiro Nogi | Afp | Getty Images…
Brazil’s President Luiz Inacio Lula da Silva speaks to the media at the BRICS Summit in Rio de Janeiro, Brazil July 7, 2025. REUTERS/Ricardo Moraes Ricardo Moraes | Reuters Emerging markets are likely to see a surge in investor money as they seek new opportunities after the U.S. Treasury’s bond buyback plans weakened the dollar,…
Vessels near the Strait of Hormuz, as seen from Musandam, Oman, Aug. 31, 2026. Stringer | Reuters A tanker was struck by three unknown projectiles while transiting the Strait of Hormuz on Monday, stoking worries that the Middle East conflict could once again escalate. The tanker was sailing in the southern shipping lane close to…
Treasury Secretary Scott Bessent and Russian Finance Minister Anton Siluanov at the G20 Finance Ministers Meeting in Asheville, N.C. on Aug. 31, 2026. Courtesy: U.S. Treasury Department U.S. Treasury Secretary Scott Bessent reportedly told Russian Finance Minister Anton Siluanov that no sanctions relief or new agreements with Moscow were possible, as long as the war…
An Iranian flag flutters in the wind as ships remain anchored on May 16, 2026 in the Strait of Hormuz near Larak Island, Iran. Majid Saeedi | Getty Images News | Getty Images The escalation in hostilities between the U.S. and Iran over the weekend shows the U.S. is running out of patience with the…
A UAE navy ship sails next to a cargo ship in the Strait of Hormuz as seen from Khor Fakkan, United Arab Emirates, Wednesday, March 11, 2026. Altaf Qadri | AP Iranian trade has fallen sharply under U.S. sanctions and a naval blockade, President Masoud Pezeshkian said, as Supreme Leader Mojtaba Khamenei urged a reduction…
C. K. E. Those aren’t initials or Greek life letters. They’re some of the terms that economists, corporate leaders and politicians are using as they attempt to define the U.S. current economic moment. Ever since the recovery from the pandemic, a consensus among economists has viewed the economy as acting in a “K”-shape, displaying an…
