By Nick TimiraosFederal Reserve Chairman Kevin Warsh declined to say Wednesday whether the central bank needed to consider a rate increase later this month but said his first weeks in the job have seen risks of higher inflation recede. That was evidence, he said, that markets have already grasped h…
By Santiago Pérez in Mexico City, Gavin Bade in Washington and Paul Vieira in OttawaThe U.S. declined to extend its signature trade pact with Mexico and Canada on Wednesday, setting up a decadelong review process that casts uncertainty over businesses that move goods across the world's busiest expo…
Economists polled in June by the Bank of Mexico lowered their year-end inflation estimates, while leaving growth forecasts intact. Inflation is expected to end the year at 4.2%, down from 4.35% in the May survey. The median core CPI forecast slipped to 4.18% from 4.22%. Estimates for GDP growth are…
--ISM’s Spence: Not Much Stockpiling During Iran War as Seen in Early Days of High US Tariffs Slapped Last Year--Spence: Still Cautious about 2026 Outlook but June, Semiannual Reports Indicate Optimism Among Firms(MaceNews) - U.S. manufacturing activity expanded for the sixth straight month in June…
SANTA FE, NM / ACCESS Newswire / July 1, 2026 / There was great enthusiasm surrounding the grand opening of Esencia de Santa Fe, where Price Land and Development Group, alongside homebuilders Pulte Homes and D.R. Horton, welcomed prospective homebuyers, families and community members to experience…
All dates are in local time Thursday, July 2, 2026 Exp Prev Local/GMT/ET 0500/0800/0400 BRA Jun Fipe Monthly CPI CPI, M/M% +0.45% Friday, July 3, 2026…
A group of Senate Democrats requested on Wednesday that the Federal Reserve’s in-house watchdog investigate a meeting by the central bank’s top bank regulator and financial market participants held during a quiet period for Fed officials.Citing Fed Vice-Chair for Supervision Michelle Bowman’s atten…
Alphabet (GOOGL, Financials) is under renewed regulatory pressure after South Korea's antitrust regulator accused Google of using its dominance in the Android app market to make it harder for rival app stores to compete.The Korea Fair Trade Commission (KFTC) said its investigation found Google's co…
Gold (GLD) moved back above $4,000 an ounce as investors weighed the Federal Reserve's next policy signals, fresh inflation concerns, and progress in US-Iran talks. Spot gold rose 0.6% to about $4,030 an ounce after briefly falling below $4,000 earlier in the session, its lowest level since Novembe…
By Kalea Hall and Nora EckertAutomakers on Wednesday reported steady second-quarter U.S. vehicle sales, despite what normally would be a bleak backdrop for the car business.Since early spring, American consumers have confronted sharply higher gas prices, an uptick in inflation, unease over jobs, an…
Reshma KapadiaThe U.S. Trade Representative's office on Wednesday decided not to renew the U.S.-Mexico-Canada trade pact, or USMCA, in its current form after a virtual meeting with trade officials with the other counties. That keeps the pact alive but kicks off annual reviews of the deal, a new for…
Uruguay’s unemployment rate edged up to 7.6% in May 2026 from 7.5% in April, pointing to a broadly stable labor market.By region, the jobless rate stood at 7.7% in Montevideo and 7.6% in the country’s interior.By gender, unemployment was lower among men at 6.8%, compared with 8.5% for women.Younger…
US ATLANTA FED GDPNOW MODEL ESTIMATES US 2Q GDP GROWTH RATE AT 1.2%, DOWN FROM 2.5% ON JUNE 25, AFTER LATEST ECONOMIC INDICATORS
By Curtis WilliamsFor the first time in nearly two years, less than half of U.S. LNG exports last month went to Europe as stronger prices in Asia and record imports by Egypt diverted cargoes, according to preliminary ship-tracking data from LSEG.The shift marks the first time since July 2024 that E…
Zambia has extended for another 90 days its suspension of excise duty and Value Added Tax on petrol and diesel, the information and media ministry said on Wednesday.
Federal Reserve Chairman Kevin Warsh said on Wednesday that while he has not changed his mind that a large central bank balance sheet should be shrunk, any notable change in policy on this matter will take time and be well communicated.“Decisions will be well deliberated publicly, well understood…
Italy posted a state sector budget deficit of €13.6 billion ($15.5 billion) in June compared to a shortfall of €17.9 billion in the same month last year, the Treasury said in a statement on Wednesday.($1 = 0.8784 euros)
By Valerie VolcoviciDozens of planned gas plants to directly power data centers in the United States could emit as much greenhouse gas annually as Australia or France, according to a report by an environmental group published on Wednesday.The Environmental Integrity Project reviewed 74 gas-fired U…
By Chelsey DulaneySINTRA, Portugal — One question has dominated the annual gathering of the world's top central bankers and economists: Is artificial intelligence a boon or a threat to the global economy?Economists at the European Central Bank's symposium have laid out a number of reasons to be wor…
Senator Elizabeth Warren, the leading Democrat on the Senate Banking Committee, on Wednesday urged the Federal Reserve's inspector general to examine whether Fed Vice Chair for Supervision Michelle Bowman breached the central bank's rules by delivering remarks at a private Bank of America NYSE:BAC…
