Hormuz Talks Cut Oil Prices as Stock Futures Rally Before Fed
Oil prices fell more than 5% and U.S. stock futures advanced as investors priced in new Hormuz diplomacy before the Fed and major tech earnings.
Economy
Showing 1-12 of 533 articles
Gary Stevenson Ends Weekly Videos as UK Wealth-Tax Debate Widens
Gary Stevenson is ending weekly videos for his 1.64 million-subscriber economics channel as UK wealth-tax proposals gain political attention.
UK Confidence Rebounds, but Spending Divide Threatens Burnham Bounce
British consumers feel better about the economy, but weaker real incomes and unequal savings leave the rebound dependent on who can still spend.
War, Oil and Tariffs Erase 16% From the Trump Trade Since May
A policy-linked stock basket has fallen about 16% since May as war, higher oil prices, inflation and tariffs punish manufacturing and housing bets.
ECB Holds at 2.25% as Energy Shock Keeps Another Hike in Play
The European Central Bank held interest rates after June's increase, balancing calmer economic data against an energy shock that could still spread into wages and prices.
Australia Rate-Hike Odds Double as Oil Shock Lifts Fuel Costs
Australian rate-hike bets have risen as renewed fighting pushes oil and local fuel prices higher while the economy loses momentum.
Brent Oil Breaks $90 as US-Iran Escalation Revives Inflation Risk
Brent crude rose above $90 a barrel after renewed US-Iran attacks put shipping and energy infrastructure around the Strait of Hormuz back at risk.
Iran Hormuz Warning Puts Fragile Shipping Recovery Back Under Strain
Iran has warned commercial ships against using unauthorized routes through the Strait of Hormuz, putting a fragile recovery in Gulf shipping back under pressure.
India Pushes Back on Viral E20 Fuel Failure Claims
India's government is pushing back against viral claims that E20 petrol is causing widespread vehicle failures, defending the ethanol blending programme as tested, monitored and backed by science.
Fed Holds Rates Steady as Markets Wait for a Clearer Signal
The Federal Reserve left interest rates unchanged, giving investors a pause but not the clear policy turn many markets wanted.
U.S. Inflation Jumps to 4.2% as Iran War Pressure Spreads
U.S. inflation rose to 4.2% in May as energy costs linked to the Iran war kept pressure on households and the Federal Reserve.
Iran War Pushes US Gas Prices to $4.50 Average
US fuel prices moved sharply higher as the conflict with Iran disrupted energy markets and pressured household budgets.