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Expected USMCA Decision Seen as a Negotiation Tactic — Market Talk

1055 ET - The Trump administration is not expected to renew the USMCA, but that doesn't mean the agreement is over. Not only do the existing terms of the deal last into the next decade, but the U.S. is likely using this decision as a way "to keep pressure" on Mexico and Canada, says Jim Wiesemeyer…

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BondsCryptoEconomyForex
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PlayStation to Stop Physical Disc Production in January 2028 — Update

By Grace YoonSony Interactive Entertainment said it would discontinue its PlayStation physical disc production for all new games released on its consoles, effective January 2028.Following this date, new games will be available on PlayStation Store and at retailers in digital format only. The change…

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StocksJP
NEWS dow-jones

Expected USMCA Decision Seen as a Negotiation Tactic — Market Talk

The Trump administration is not expected to renew the USMCA, but that doesn't mean the agreement is over. Not only do the existing terms of the deal last into the next decade, but the U.S. is likely using this decision as a way "to keep pressure" on Mexico and Canada, says Jim Wiesemeyer of Ag Bull…

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Economy
NEWS dow-jones

Financial Literacy Is the Missing Piece of the American Dream — Barrons.com

By K. Dane SnowdenThe other day, before heading off to school, my seven-year-old daughter wandered into my home office and found my desk covered with papers for an upcoming board meeting. Curious, she climbed into my chair and started flipping through the pages as if she had important decisions to…

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U.S. Crude Oil Inventories Extend Decline

By Anthony HarrupU.S. crude oil inventories fell for a 10th consecutive week as exports remained high and refineries raised their capacity use, according to data released Wednesday by the U.S. Energy Information Administration.Commercial crude oil stocks excluding the Strategic Petroleum Reserve fe…

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Futures

Michael Burry Is Shorting the Dow's Hottest AI Stock — Barrons.com

By Al RootThe Big Short investor Michael Burry, who famously profited from the 2008 subprime mortgage meltdown, has a new bearish bet: Caterpillar stock.Shares of the relatively uncontroversial maker of heavy machinery for mining and construction aren't a typical target for short-sellers, who borro…

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StocksUS
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Trump Adviser Kevin Hassett Presses Fed Against Raising Rates — WSJ

By Matt GrossmanTwo weeks after Kevin Warsh's first meeting as Fed chairman, a top Trump economic adviser is hinting that the White House might have little patience for any move to raise rates.The Fed's preferred inflation index is running above 4%, and Warsh has emphasized that wrestling it back d…

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Economy
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Eurozone's Risks to Inflation, Growth Are Now More Balanced, Lagarde Says — Update

By Ed Frankl and Don ForbesRisks to the eurozone's inflation and economic growth are more balanced after the decline in energy prices in the last month, European Central Bank President Christine Lagarde said Wednesday."Risks...that we had to the upside on inflation and to the downside of growth are…

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Economy
NEWS dow-jones

U.S. Factory Activity Continued to Expand in June

By Jessica CoacciFactory activity continued to expand in the U.S. for the sixth consecutive month in June, according to a survey of manufacturing firms.The Institute for Supply Management's purchasing managers' index was 53.3 last month, 0.7 percentage point lower than in May. Still, readings above…

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Economy