A key consumer price index inflation reading released by the Bureau of Labor Statistics showed prices moderating across a range of goods and services in July, keeping the headline inflation rate at 3.4% and core inflation at 2.5% annually. According to the Bureau of Labor Statistics data, the seasonally adjusted consumer price index increased by … Read more
Big Tech venture capital portfolios are artificially inflating corporate earnings reports through massive investment gains from private artificial intelligence firms like Anthropic and OpenAI, according to financial data from LSEG. Microsoft, Amazon, and Alphabet recently booked sizable investment gains in their latest quarters due to their private stakes in these soaring AI developers, masking software … Read more
The Federal Reserve opted to keep its benchmark interest rate at a range of 3.5% to 3.75%, according to the central bank’s announcement on Wednesday. While markets largely expected the Federal Open Market Committee to stay on hold, recent comments from several officials indicate a sizable constituency within the central bank considered raising borrowing costs … Read more
Mercedes-Benz is moving to shield its U.S. operations from a potential sales ban as Washington lawmakers target the German carmaker over its significant Chinese ownership stake. According to Reuters, the U.S. Senate Commerce Committee advanced legislation last week that would toughen restrictions on Chinese automakers entering the domestic market, raising regulatory hurdles for Mercedes because … Read more
Singapore tightened its monetary policy for a second consecutive time on Monday, moving preemptively against a renewed oil price surge even as inflation at home stays subdued, according to a statement from the Monetary Authority of Singapore (MAS). The central bank manages the exchange rate of the Singapore dollar against a trade-weighted basket of currencies … Read more
Treasury yields edged higher Wednesday as investors await the latest Producer Price Index (PPI) report for June. The 10-year Treasury note, a key benchmark for U.S. mortgage rates and consumer loans, rose more than 1 basis point to 4.5996%. Market participants are seeking further clarity on the economic outlook following a cooler-than-expected Consumer Price Index … Read more
U.S. Treasury yields climbed on Tuesday as geopolitical tensions in the Middle East intensified and market participants adjusted expectations for Federal Reserve interest rate hikes. According to market data, the 10-year Treasury yield rose to 4.622% by 6:02 a.m. E.T., while the 2-year note, sensitive to short-term policy, reached 4.277%. These shifts follow recent announcements … Read more
China’s industrial sector reported a 21.1% year-over-year profit increase in May, according to data from the National Bureau of Statistics (NBS). This growth, while slowing from April’s 24.7% pace, highlights a deepening divide in the Chinese economy, where a global surge in artificial intelligence investment currently offsets persistent domestic weaknesses like the property sector downturn … Read more
The Islamic Revolutionary Guard Corps (IRGC) warned shipowners on Wednesday that any transit through the Strait of Hormuz established without coordination with Tehran is “unacceptable and dangerous.” This threat follows proposals for alternative southern routes, potentially complicating global oil flows despite a recent U.S.-Iran memorandum of understanding intended to reopen the waterway. Why did the … Read more
Bitcoin prices remain volatile, with the asset down nearly 50% from its October 2025 peak, yet institutional data suggests long-term investor conviction is hardening. According to David LaValle, president of indices and data at CoinDesk, the current market downturn represents a shift toward credibility rather than a decline in the asset’s future utility. While retail … Read more