Thune open to US diesel export ban, calls it a consideration
Senate leader Thune is open to banning diesel exports, a move that could disrupt markets and invite retaliation, as diesel prices hit record $6.285.
Senate leader Thune is open to banning diesel exports, a move that could disrupt markets and invite retaliation, as diesel prices hit record $6.285.
Canada will allow immediate expensing for most new capital investment, Prime Minister Mark Carney said.
Strike CEO Jack Mallers says US debt-to-GDP over 120% points to inflation, cites Japan's example, and sees Bitcoin as the best hedge.
Gold is pressured ahead of the FOMC decision as markets focus on the dot plot and oil prices.
Canada's July wholesale sales rose 0.3%, beating the -0.5% forecast, though volumes fell 0.6%.
New York's September manufacturing index fell to +7.6, well below the +15.0 forecast, from +20.6 in August.
ADP weekly employment estimate rose to 16,250 for the four weeks ending August 29, exceeding the 12,000 forecast.
The dollar rallies ahead of the Fed's expected 25bp hike, while Treasury yields rise, oil stays above $102, and stocks edge lower.
Crypto slips and markets trade rangebound as investors await the Clarity Act vote and tomorrow's FOMC decision.
Germany's ZEW economic sentiment rose less than expected in September, while the current conditions index beat forecasts, indicating cautious optimism amid…
EUR/USD broke below key 1.1560 support ahead of the FOMC decision, with the Fed expected to raise rates by 25 bps.
Stablecoin issuers and tokenised Treasury products can benefit from high rates, even as Bitcoin suffers.
UK labour market data showed further cooling in July and August, with payrolls down 26,000 and wage growth easing to 3.9%, ahead of the BOE decision.
AI leaders mull standards body after test agents go rogue; IPO delays and market dips follow, but a real pause on AI seems unlikely.
10-year Treasury yields reached 5.02% amid persistent inflation and hawkish Fed expectations, approaching pre-crisis levels.