Today: September 24, 2026
Today: September 24, 2026

Economy

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Wall St opens lower as oil gains on Mideast uncertainty, eyes on Trump-Xi talks

Wall Street's main stock indexes opened lower on Thursday as simmering Middle East tensions lifted oil prices and Treasury yields, while investors also exercised caution ahead of a

Arts|Economy|Europe

Canada July retail sales fall 0.7%; seen up 1.3% in August

Canadian monthly retail sales fell by 0.7% in July, marginally better than an average of analysts' expectations, primarily led by declines at general

Arts|Economy

Fed officials see rates likely rising to curb high inflation

The U.S. central bank will likely need to raise interest rates again to curb unacceptably high inflation, two Federal Reserve policymakers said on Thursday.

Business|Economy|Europe|Finance

BoE's Breeden: 'Increasingly appropriate' for rates to respond to rising inflation

Bank of England Deputy Governor Sarah Breeden said on Thursday that it would be "increasingly appropriate" to respond to growing inflation risks by raising interest rates.

Economy|Political|World

IMF review calls for 'fewer but deeper' reforms in design of loan programs

The International Monetary Fund on Thursday called for targeted refinements to the design and implementation of its loan programs, including a focus on

Business|Economy|Finance

Brazil central bank says 2027 slowdown key to inflation convergence

Brazil's central bank sees a slowdown in economic activity next year as essential for inflation to converge to its 3% target, a senior official said on Thursday.

Economy|Europe|Political|World

Belarus president Lukashenko frees 15 more prisoners in wake of US talks

Belarusian President Alexander Lukashenko pardoned 15 prisoners in a decree on Thursday that follows talks last week with an envoy for US President Donald Trump.

Business|Economy|Finance|Stock Markets|US|World

Dollar ascends to fresh 2-month high on inflation worry, Fed hike expectations

The dollar hit a fresh two-month high on Thursday as Treasury yields rose and expectations of further Federal Reserve interest rate hikes

Business|Economy|Finance|Food

PepsiCo to raise some chip prices as input costs bite

PepsiCo is set to raise prices for some chips to keep pace with inflation, a spokesperson for the company said, as the Lay's maker works to revive sales in the United States.

Economy|Finance

Bank of England rate setters warn of 'sparks in the tinderbox'

Two senior Bank of England interest rate-setters suggested on Thursday that they were getting closer to voting for an increase in borrowing

Economy|Finance

Global bond sell-off deepens, sending borrowing costs higher around the world

Global bond sell-off deepens, sending borrowing costs higher around the world

Economy|Political|World

US and Iran discuss phased deal to reopen Hormuz and end US blockade, sources say

US and Iranian negotiators in New York are exploring a phased path out of war that would involve Tehran reopening the Strait of

Business|Economy|Finance|Stock Markets|Technology

Oracle triggers 'force majeure' on data center project over power delays, source says

Oracle issued a "force majeure" notice to a Blue Owl unit, the developer of a large New Mexico data center, citing potential delays in securing

Economy|Europe|Political

Europe needs 'decisive change' in defence efforts to face Russia threat, EU agency says

The European Union is not rearming quickly or effectively enough to meet its goal of being ready to defend against Russia by 2030, according to the

Economy

Trump-Xi summit in Washington begins with great fanfare but low expectations

US President Donald Trump welcomed Chinese President Xi Jinping to the White House on Thursday for a lavish state summit

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New US sanctions shut down Iranian flights

Iranian airlines were barred from neighbouring countries including the UAE and Oman on Thursday in response

Economy|Environment|Science|Technology

Senate inches closer to US infrastructure permitting reform bill

The US Senate is nearing a deal to reform laws to speed up permitting of large infrastructure projects after the White House

Arts|Crime|Economy|Finance|Health|World

At UN, 80 countries demand reopening of Hormuz, condemn Iran, Houthi attacks

Some 80 countries demanded the urgent reopening of the Strait of Hormuz on Thursday and condemned Iran and its Houthi allies for attacks in the region and

Business|Economy|Finance|MidEast|Stock Markets|Technology

Wall Street dips as investors focus on US-Iran war

Wall Street was down on Thursday as uncertainty about the Middle East lifted oil prices and Treasury yields, but stocks came off session lows

Arts|Economy|Finance|MidEast|Stock Markets|US

Global bond selloff deepens, as US 30-year yields hit highest since 2004

US long-dated Treasury yields rose to their highest in more than 20 years on Thursday, extending a

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Mortgage rates climb for 5th straight week, pushing average rate on a 30-year home loan above 7%

The average long-term U.S. mortgage rate rose this week above 7% for the first time since January 2025, the latest affordability setback for prospective homebuyers following a five-week run of rate increases

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Scissor lift collapses, traps two Walmart workers in Lancaster County, dispatchers say

Scissor lift collapses, traps two Walmart workers in Lancaster County, dispatchers say

Business|Economy|Finance

Mortgage rates top 7%, dealing a further blow to the frozen housing market

Mortgage rates top 7%, dealing a further blow to the frozen housing market

Business|Economy|Finance

Starbucks is closing hundreds of locations

Starbucks is closing hundreds of locations

Arts|Crime|Economy|Europe|MidEast|Science|Technology

Sudan's RSF steps up deadly drone attacks on frontline cities

Sudan's paramilitary Rapid Support Forces have intensified deadly drone attacks in government-held towns in the frontline state of North

Business|Economy|Food|Health|Science

US eases screwworm ban on Mexican cattle, but beef prices unlikely to budge

The United States plans to reopen the biggest port for livestock inspections along the US-Mexican border on Thursday, expanding America's cattle supplies

Business|Economy

Mexican economy grows 0.8% in July from June

Mexico's economy picked up in July, expanding by 0.8% from the prior month, official data showed on Thursday. That was faster than a Reuters poll forecast for 0.2% growth.

Arts|Business|Economy|Finance

Mexico's inflation picks up more than expected in early September

Mexico's 12-month inflation rate accelerated more than expected in the first half of September, while core inflation continued to ease, data from national statistics

Arts|Business|Crime|Economy|Europe|World

Saudi-led coalition says 6 ballistic missiles are intercepted and blames Houthi rebels

Saudi Arabia's military says it has intercepted six ballistic missiles targeting the country's Red Sea port of Yanbu and the city of Taif

Arts|Business|Economy|Finance|Stock Markets|World

How the world's biggest bond managers are investing in a tumultuous market

A tumultuous ride for bonds this year has left Vanguard's senior bond fund manager Arvind Narayan with one unequivocal message: "This is

Business|Economy|Finance

Brazil central bank sees inflation near target at key horizon, trims growth outlook

Brazil's central bank on Thursday projected inflation close to its 3% target at the policy horizon relevant for its next interest-rate decision,

Business|Economy|Finance|Stock Markets

MGM Resorts shares tumble after Diller's People withdraws $18 billion bid

Shares of MGM Resorts slid 10% on Thursday after media mogul Barry Diller's People Inc withdrew its more than $18 billion proposal to buy the casino operator.

Arts|Business|Economy|Finance|Food|Lifestyle

Starbucks to shutter 250 stores in North America this week in 2nd wave of closings

Starbucks plans to close 250 North American stores later this week

Business|Economy|Finance|Stock Markets|US

Hedge funds sour on basis trade as Treasury selloff continues

Like Treasuries themselves, the Treasury basis trade has fallen out of favor lately.

Business|Economy|Finance

Global rate-hiking cycle reaches Scandinavia as war fuels inflation

Norway's central bank raised interest rates on Thursday and Sweden's signalled it was likely to follow suit before the end of the year, as policymakers around

Business|Economy|Finance

US new home sales jump to eight-month high in August

Sales of new US single-family homes surged to an eight-month high in August as buyers took advantage of price cuts and other incentives, but rising mortgage rates

Business|Economy|Finance

Claims for unemployment benefits drop to 197,000, the lowest since mid-July as layoffs remain rare

Fewer people applied for U.S. unemployment benefits last week, as U.S. jobless claims remain at historically low levels and most Americans enjoy job security

Economy|Science|Technology|World

US, Japanese officials discussed China's yttrium curbs ahead of Trump-Xi meeting, document shows

US and Japanese government officials and company officials met to discuss supply bottlenecks affecting access to Chinese yttrium, a rare earth metal

Business|Economy|Finance|Science|Technology

Financing of historic AI buildout raises systemic risks in US, researcher says

The artificial intelligence buildout is on track to require a larger share of US output than the rollout of electricity, railroads, interstate

Economy|Election

Brazil's two main presidential candidates promise fiscal fixes, but leave hard choices unsaid

The two leading candidates in Brazil's tightly contested presidential race differ sharply on how fast they would tackle the country's

Business|Economy

US farmers push for China commitments on imports as Trump and Xi talk trade

Soybeans, sorghum and other US farm goods are expected to be high on the agenda at this week's summit between US President Donald Trump and Chinese President

Arts|Business|Economy|Education|Finance|Science|Technology|World

Fed again hoping for a pain-free landing from current inflation spike

US Federal Reserve officials, who have begun hiking interest rates to tame high inflation, believe they can do so

Business|Economy|Finance|Stock Markets|World

Bonds bomb

Just as some investors were wondering whether it was time to return to battered bond markets, Wednesday's fresh rout offered a clear answer: not yet.

Arts|Economy

Poverty rate tests Argentina's Milei ahead of election

Overflowing soup kitchens, a resurgence of cash-free barter clubs and families taking out short-term loans for groceries are highlighting growing social strains in

Arts|Economy|Europe|Food|MidEast|Technology|World

Russia's Krasnodar region declares state of emergency as drone attacks slow grain exports

The governor of Russia's southern Krasnodar region, a major agricultural producer, has declared a state of emergency over Ukrainian drone attacks that have inhibited the

Business|Economy|Europe

German institutes lift growth forecasts, business morale rises

Germany's leading economic institutes raised their growth forecasts for this year and next, while business morale rose more than expected in September,

Business|Economy|Environment

‘Makes very little economic sense’: Ex-Trump energy secretary warns Trump against diesel export ban

‘Makes very little economic sense’: Ex-Trump energy secretary warns Trump against diesel export ban

Business|Economy|Europe|Finance

German business morale rises more than expected in September, Ifo finds

German business morale rose more than expected in September, a survey showed on Thursday, signalling that Europe's largest economy is weathering an energy price shock that

Business|Economy|Europe|Finance

BoE's Lombardelli sees rates rising if energy prices stay high

Bank of England Deputy Governor Clare Lombardelli said on Thursday that interest rates will likely have to rise if energy prices stay elevated, unless there is clear evidence of a