U.S. Gasoline Prices Hit Labor Day Record
American drivers were paying record Labor Day prices at the pump as more expensive crude and supply disruptions in the Middle East and Russia tightened global markets and raised fuel costs.
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Oil Higher on Hormuz Escalation, Weighing on Sentiment
Rising oil prices weighed on market sentiment in afternoon European trade after the U.S. and Iran increased efforts to control the Strait of Hormuz.
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LME Copper Prices Hit Record on Supply Issues, U.S. Tariff Concerns
Copper prices surged to a fresh record on the London Metal Exchange, as mounting concerns over mine supply and the prospect of potential U.S. tariffs sent buyers scrambling for the metal.
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Yen Climbs to Six-Month High as Rate Outlooks Shift
The Japanese currency rose to its strongest intraday level since late February, extending a recovery that gathered momentum last week.
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China's Foreign Exchange Reserves Continue to Climb
China's foreign-exchange reserves edged higher in August against the backdrop of a weaker dollar and a surging trade surplus, renewing concerns about the yuan's appreciation.
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Eurozone Economy Surged as War Ignited Energy Prices
The bloc's GDP picked up more rapidly than previously estimated in the quarter through June, but that resilience will be tested if the Iran war continues to block the Strait of Hormuz.
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OPEC, Allies Agree to Keep Oil Output Steady in October
The cartel's move comes after six straight monthly increases.
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German Industrial Production Contracts on Auto Sector Slowdown
Output fell 1.1% on month after a flat reading in June, the country's statistics agency Destatis said Monday.
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U.S. Strikes Three Iranian Ships After Missiles Fired at American Aircraft Carrier
The latest bout of fighting marks an intensifying effort by both sides to assert control over the Strait of Hormuz.
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Canadians Double Down on U.S. Boycotts Over Tariffs and Trump's 'Lake America'
President Donald Trump's move to change the name of one of the Great Lakes has ignited a fresh round of Canadian ire.
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Is the U.S. losing its safe-haven status? Why global central banks are pulling gold out of New York.
What to know about safe havens and the U.S., as the Netherlands' central bank follows France in pulling gold out of New York.
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The Next Big Opportunity in Data Centers: Insuring Them
From tornadoes to power cuts, artificial-intelligence hyperscale data centers are exposed to a dizzying array of potential threats during their construction and operation.
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How Billions in Iranian Money Passes Through U.S. Banks
Illicit Iranian funds are flowing through U.S.-dollar clearing accounts, creating an enforcement dilemma for Washington.
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Skip the Rate Hike, Trim the Balance Sheet, Some Fed Watchers Urge
The Fed could make a policy error by raising interest rates, critics argue, citing other tools to tame inflation and encourage growth.
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U.S. Adds a Whopping 162,000 Jobs in a Bright Spot for the Economy
The unemployment rate stayed at 4.1%, a historically low level that indicates the labor market remains generally healthy.
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For Many Individual Traders, Prediction Markets Are Hot-and Crypto Is Not
As bitcoin loses its cool, traders are spending more time and money betting on sports, elections and Fed rate decisions.
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Bill Pulte Instructs Fannie and Freddie to Approve VantageScore in Blow to FICO Scores
Three big credit firms are "overcharging Americans," according to Bill Pulte, the head of the Federal Housing Finance Agency.
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Week Ahead for FX, Bonds: U.S. Inflation Data in Focus; ECB Expected to Raise Rates
Focus in the coming week will center firmly on U.S. inflation data as investors gauge whether the Federal Reserve could raise interest rates in the coming months, and possibly as early as this month.