U.S. Stock Futures Tread Water Ahead of Fed Chair Warsh's Jackson Hole Debut
U.S. stock futures were mixed and Treasury yields rose slightly as investors awaited Warsh's first appearance at the Jackson Hole symposium.
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Canada's Economy Grows 3.3% in Second Quarter
Gross domestic product increased at an annualized rate of 3.3% in the April-to-June period to 2.524 trillion Canadian dollars, the equivalent of US$1.822 trillion, Statistics Canada said. That marks the strongest expansion in more than three years.
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Japan Spent Record $98.7 Billion to Prop Up Yen in Past Month
Japan spent a record $98.7 billion to prop up the yen in the past month, as it undertook rare coordinated action with the U.S. to stabilize the currency.
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Blue-Collar Jobs Are Becoming New Flashpoint in Data-Center Fight
Trade unions threaten to withhold support for politicians, joining the popular backlash against the construction.
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Global Bond Yields Rise Ahead of Fed's Warsh Speech; 10-Year Bund Yield Hits 15-Year High
Treasury yields rose ahead of the Fed Chair's speech, while 10-year Bund yields increased to a 15-year high as eurozone bonds remained vulnerable to elevated energy prices.
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How the AI Investment Craze Is Keeping the Global Economy Afloat
Growth is holding up despite renewed tensions over trade, geopolitics and bond markets, though the AI boom's outsize role is a growing concern.
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Eurozone Businesses More Upbeat Despite Prolonged War in Middle East
Businesses and consumers felt more positive about their prospects in August, a boost for demand in the face of persistent uncertainty about the duration and intensity of the Iran war.
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This Isn't the First Fight Between Treasury and Fed Over Interest Rates
The two bodies had a similar fight after World War II that helped win independence for the Federal Reserve.
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Trump Administration in Advanced Talks for Stake in Venezuelan Oil Fields
The deal would give the U.S. a direct stake in 17 of Venezuela's most promising oil-and-gas fields that house some 90 billion barrels of crude oil reserves.
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U.K. Business Confidence Jumps Despite Lingering Energy Shock
Oil and gas prices remained elevated amid uncertainty over the Middle East conflict, but firms appear increasingly confident that strong consumer demand and a resilient economy can offset the pressure.
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Timber Was Gold in the South-Until a Market Collapse Crushed the Forest Economy
The region has borne the brunt of a historic run of pulp and paper-mill closures. It's the biggest threat to the rural economy since the fall of King Cotton.