US opens 60-day window for Iranian oil sales in dollars
A Treasury waiver lets Iran sell oil in dollars through Aug. 21, a move analysts say could bring Tehran billions and shift Chinese...
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Economy
Bank of England keeps rates at 3.75% as energy shock clouds inflation
The U.K. central bank held rates steady, but officials and markets remain focused on whether energy-driven inflation will force a...
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Hormuz reopening eases oil shock, but inflation pressure may linger
Analysts say a U.S.-Iran memorandum to reopen the Strait of Hormuz may not quickly reverse higher energy, food and interest-rate p...
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China's June inflation split shows weak consumers and pricier factories
China's consumer inflation cooled in June, while factory-gate prices rose at the fastest annual pace since July 2022, official dat...
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Dreame scrutiny tests China’s state-backed tech funding model
China is tightening oversight of local government tech funds as scrutiny of Dreame highlights risks in state-led startup investing...
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U.S. household net worth rose $6.1 trillion in the third quarter
The Federal Reserve said household and nonprofit wealth hit $181.6 trillion as stock holdings gained and real estate values slippe...
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Warsh holds Fed rates steady as markets weigh possible hike
The Fed kept rates at 3.5% to 3.75%, but new projections and Warsh’s tone left investors bracing for a less predictable central ba...
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December jobs report shows slower hiring and lower unemployment
Calculated Risk called the December employment report weak after 50,000 jobs were added and prior months were revised lower.
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U.S. hiring slowed in June as payrolls rose by 57,000
The June jobs report showed weaker hiring, lower labor-force participation and a cooler setup for Fed rate expectations.
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June jobless rate fell as more Americans left the labor force
The unemployment rate improved to 4.2%, but BLS data showed fewer people working or looking for work, a weaker signal beneath the...
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