China’s Economic Growth Slows Sharply in Q2, Exports Lift Outlook
China’s Q2 GDP rose 4.3%, undershooting the government’s target as domestic demand remained soft.
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Inflation Likely To Stay Elevated Through 2028, Top Economist Warns
Conference Board Chief Economist Dana M.
Heating Oil Customers to Get Compensation After Cancellations and Price Hikes
The CMA says thousands of heating-oil customers faced cancelled orders and higher prices during the Iran-related energy crisis.
Paramount Still Aims to Close WBD Merger by September Despite Lawsuit, Lawyer Says
Paramount remains determined to close its merger with Warner Bros. Discovery by September, despite a state-led antitrust lawsuit.
Fed Policymakers Inflation Worries Weighed On Rate Cut Outlook At Warsh’s First Meeting
Minutes from the FOMC meeting under Warsh reveal inflation worries clouding the outlook for rate cuts.
Warsh Reaffirms Fed’s “No Tolerance” For Elevated Inflation In House Hearing
Fed Chair Kevin Warsh told the House Financial Services Committee that the Fed has no tolerance for persistently elevated inflation.
Goldman Sachs and JPMorgan Chase Earn AI-Winner Crown in Record-Q2 Markets Burst
Goldman Sachs and JPMorgan Chase reported record quarterly revenue driven by AI-fueled trading, equity markets activity, and advisory fees, signaling a broader AI-led financing...
Gas Prices Drag US Inflation Lower as Energy Volatility persists
US inflation eased in June as energy and gasoline prices fell, but renewed Middle East tensions kept the outlook uncertain.
June CPI Shows Inflation Cooldown Amid Energy Declines, Fed Watch Remains paramount
The June CPI fell 0.4% month over month, with energy driving the headline decline and core prices showing resilience.
Iran War Costs and Lingering Effects Reshape Global Economy and Markets
The Iran war pushed energy prices higher, strained housing affordability, and disrupted global supply chains, casting a long shadow over markets and policy for...
Oil Prices Fluctuate As Trump Iran Deal Could Reopen Strait Of Hormuz
Oil prices moved between gains and modest declines as markets awaited a framework deal between the U.S.