China positions itself as free-trade champion amid U.S.-Canada trade tensions
As the U.S. and Canada escalate trade disputes, China is strategically positioning itself as a champion of free trade to exploit divisions and gain geopolitical advantage.
economy
Economy & Finance
Markets await clarity on Fed policy as Kevin Warsh heads to Jackson Hole amid pressure from Treasury Secretary Bessent's market interventions and uncertainty over inflation stance.
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Coverage (10541 articles)
Oil prices and Treasury yields decline in trading session
Oil prices and Treasury yields fell during trading, signaling potential shifts in energy markets and interest rate expectations amid broader market movements.
Falling Oil Prices Ease Pressure on Stock and Bond Markets
Declining oil prices are providing relief to financial markets, helping stabilize both stock and bond valuations amid broader market volatility.
Druckenmiller Used AI to Write WSJ Op-Ed Criticizing Treasury Secretary Bessent
Investor Stanley Druckenmiller disclosed using AI to write a Wall Street Journal op-ed criticizing Treasury Secretary Scott Bessent's $4B bond buyback plan, which critics compare to financing debt with credit cards.
Dick's Sporting Goods Stock Plunges on Weakening Athleticwear Demand
Dick's Sporting Goods stock plunged to record lows after the retailer slashed its outlook, citing weakening athleticwear demand and nervous consumers cutting spending amid challenging market conditions.
China defies US Iran sanctions threat, vows to protect trade ties
The US threatens secondary sanctions on countries trading with Iran, particularly targeting China's dominant 80% share of Iranian oil exports. China vows to take "all necessary measures" to protect its interests, raising stakes before a Trump-Xi summit.
China's £14.7bn robot push and UK housing promise gap
China invests £14.7bn in AI and robotics with two million factory robots already deployed, while UK government faces scrutiny over social housing delivery promises amid new housing plan announcements.
U.S. Faces Mounting Debt Crisis as Washington Grapples With $40 Trillion Burden
The U.S. faces mounting fiscal pressure with $40 trillion in debt as Washington confronts difficult spending choices, though some officials suggest the deficit may have peaked under current administration.
JPMorgan Slams Bessent's Bond Buyback as U.S. Debt Hits $40T
JPMorgan compares Treasury Secretary Bessent's $4B bond buyback to unsustainable debt management as U.S. debt reaches $40 trillion, drawing criticism from prominent investors.
Germans increasingly trade face-to-face friendships for digital leisure
A 40-year study shows Germans are spending significantly less time meeting friends in person, with digital activities and AI use rising sharply among all age groups, particularly youth.
US escalates Iran sanctions, drawing sharp rebuke from China over 'illegal' measures
The US announced sweeping new sanctions against Iran and its trading partners including China, prompting Beijing to vow protective measures and warn of retaliation amid strained US-China relations.
SEC Subpoenas Major Banks Over 24-Year-Old's AI Hedge Fund Collapse
The SEC has subpoenaed major Wall Street banks regarding Situational Awareness, an AI-focused hedge fund run by a 24-year-old that nearly collapsed in July. Regulators are investigating trades that triggered the fund's meltdown.
US tightens Iran sanctions on shadow economy, but experts doubt strategic impact
The US Treasury is escalating sanctions on Iran's financial networks, targeting crypto, gold, and shipping to disrupt shadow economy channels. Analysts debate whether measures will shift Tehran's behavior or simply strengthen underground networks.
Bitcoin Surges Past $81K as Traders Anticipate Further Rally Amid Market Volatility
Bitcoin has surged past $80,000 as crypto traders anticipate further gains, with analysts warning of market volatility and potential price corrections ahead.
Markets Steady as Iran Sanctions Loom; Bitcoin Surges Past $80K
Global markets regained composure Tuesday as investors dismissed U.S. Treasury warnings on Iran sanctions as less severe than feared, while bitcoin surged past $80,000 amid dollar weakness concerns.
Trump's Canada tariff threat poses political risk for Republicans amid inflation fears
Escalating U.S.-Canada tensions over tariffs threaten higher consumer prices, giving Democrats ammunition to argue Republicans are destabilizing the economy ahead of elections.
Sydney builder Bathla Group collapses; Melbourne assault arrest; WA gets federal focus
Major home builder Bathla Group enters voluntary administration, leaving customers in limbo amid a 'perfect storm' of falling sales, budget impacts, and rising construction costs. NSW urgent housing need reaches 13,776 households, highest in over a year.
U.S.-Canada Trade Talks Collapse as Demands Deemed 'Unthinkable'
Final-hour negotiations between the US and Canada over tariffs broke down as the US offer required concessions Canada deemed unacceptable, escalating into a full trade conflict.
Australia bans AI-generated music from official charts
Australia's music industry body ARIA has banned songs that are largely or wholly AI-created from official charts, requiring all releases to be 'substantially human made' to qualify for chart eligibility.
Costa courts EU capitals on budget while Merz rallies fiscal hawks
António Costa tours EU capitals seeking consensus on the bloc's €2 trillion seven-year budget while Friedrich Merz rallies northern countries for major spending cuts, setting up a crucial negotiation period.
Druckenmiller Criticizes Bond Purchases as Bessent's Mentor Weighs In
Legendary investor Stanley Druckenmiller, mentor to Treasury Secretary Robert Bessent, publicly criticizes recent federal bond purchases as a policy mistake, raising concerns about monetary and fiscal coordination.
El pánico del Tesoro: recompras de deuda que aplazarían, no resolverían, la crisis sistémica
El Tesoro estadounidense duplica recompras de deuda para contener tipos de interés, pero analistas advierten que esto solo desplaza vulnerabilidades fundamentales sin resolver riesgos sistémicos que podrían desencadenar una crisis financiera global.
Alibaba's $10.2B Stock Sale Completes AI Funding Trifecta With Alphabet, Intel
Alibaba joins Alphabet and Intel in massive equity offerings to fund AI infrastructure, signaling the scale of investment needed has exceeded cash flow capacity even for the world's richest tech companies.
Gold retreats from three-month peak ahead of US inflation data
Gold prices pulled back from three-month highs as investors pause ahead of critical US inflation data release, signaling market caution on economic outlook.