Iran war cost hits $38 billion, forecast to rise $3 billion a month, CBO says
The six-month-old U.S. war against Iran has cost $38 billion so far and that amount is projected to rise by $3 billion a month, Congress' nonpartisan
September 16, 2026The six-month-old U.S. war against Iran has cost $38 billion so far and that amount is projected to rise by $3 billion a month, Congress' nonpartisan
September 16, 2026Wall Street extended its selloff on Tuesday, as rising U.S.
September 15, 2026Iran war expected to cause a spike in US inflation, according to budget watchdog
September 16, 2026The war against Iran has cost the U.S. more than $38 billion through Aug. 1 and will continue to cost up to $3 billion a month or more
September 16, 2026France could back former Dutch central bank chief Klaas Knot to succeed Christine Lagarde as head of the European Central Bank as part of a bargain in which a French
September 15, 2026U.S. household income finally topped pre-pandemic levels last year, a stark sign of how the past five years of rising prices have limited Americans’ earnings and purchasing power
September 15, 2026The Bank of Korea's decision to carry out back-to-back interest rate hikes in August was more contentious than the headline vote suggested, meeting minutes
September 15, 2026Government borrowing costs hit their highest level since the 2008 financial crisis on Tuesday, with 10-year U.S.
September 15, 2026Morgan Stanley has joined other major Wall Street banks in adopting a more hawkish outlook on interest rates, forecasting U.S.
September 15, 2026The nervous start to the week for world markets has seen 10-year U.S.
September 15, 2026Median US income rises to highest on record even as Americans feel affordability pinch
September 15, 2026Investors are showing some nervousness over the stock market's AI-led rally after industry leaders called for reining in the pace of development — although some say
September 15, 2026The Federal Reserve is widely expected to lift its short-term interest rate for the first time in three years to fight stubbornly high inflation
September 15, 2026Britain's jobs market stayed weak with pay growth near a six-year low, the fewest vacancies since 2021 and hiring down, according to data that
September 15, 202610-year Treasury yield hits 5%, critical threshold for US economy and markets
September 14, 2026AI stocks slid worldwide after leaders of the industry warned a slowdown is needed for the safety of humanity
September 14, 2026House Speaker Mike Johnson says Congress would have to approve President Donald Trump's proposal to send $5,000 to each American adult if the Republican Party maintains control of the House and Senate in the November election
September 14, 2026The Federal Reserve and its interest rate policy will be the main focus for Wall Street this week
September 11, 2026Wholesale inflation picked up last month after cooling earlier this summer as higher oil and gas prices stemming from the Iran war are keeping costs elevated
September 10, 2026President Donald Trump, Vice President JD Vance and other Republican officials came together for a two-day convention this week to rally voters in advance of midterm elections in November
September 11, 2026U.S. inflation accelerated last month as gas prices spiked in the wake of renewed fighting in the Middle East, underscoring the affordability challenges that are top of mind for many voters as midterm elections near
September 11, 2026Diesel costs more than $6 a gallon for the first time. Here’s how that affects you
September 11, 2026Inflation heated up last month, boosting the case for a Fed rate hike
September 11, 2026Trump officials scramble to manage fallout after his $5K check pledge to all Americans
September 11, 2026Global oil hits $108 per barrel while bond yields surge
September 10, 2026The European Central Bank is raising interest rates to cool inflation that is being fed by high oil prices from the Iran war
September 10, 2026The European Central Bank raised interest rates on Thursday for the second time this year to quell an energy-driven inflation rise
September 10, 2026Wholesale inflation picked up in August, as energy costs kept rising
September 10, 2026Slightly fewer Americans filed for unemployment claims last week as jobless claims remain at historically low levels and layoffs are still rare
September 10, 2026Know your bonds: A quick guide to Treasuries
September 10, 2026Working to keep the majority in Congress, Republicans are showcasing their chief legislative accomplishment in this midterm election
September 10, 2026Global brokerages expect the benchmark S&P 500 index to extend its rally in 2026, betting on AI momentum and strong corporate earnings, while the war in Iran continues to weigh on
December 16, 2025The last time Japan's central bank lifted its main policy rate half a percentage point, prices were so hot the land the Imperial Palace sat on was said to be
September 08, 2026A blistering rally in the Japanese yen ahead of an expected interest rate hike from the Bank of Japan next week is upending the long-
September 08, 2026The Japanese yen climbed to a seven-month high against the U.S. dollar on Tuesday, as traders continued to unwind short positions amid growing bets of a
September 08, 2026A measure of Australian consumer sentiment fell sharply in September, a survey showed on Tuesday, as fears of higher interest rates and a rebound in fuel prices pressured
September 08, 2026Rising oil prices, conflict in the Middle East and political uncertainty in Europe kept investors on edge on Monday, leaving stocks to drift lower ahead of
September 07, 2026The yen surged to a seven-month high on Monday as traders reassessed the battered currency's outlook, driven by expectations of faster
September 07, 2026Global shares are mixed, with benchmarks in Tokyo and Seoul leading gains thanks to buying of computer chipmakers
September 07, 2026British house prices recorded their first annual fall in nearly three years in August as some buyers have held back on purchases due to higher borrowing
September 07, 2026A look at the day ahead in European and global markets from Wayne Cole. It's been a patchy start to the week with tech leading Asian shares higher, while European and Wall Street futures barely budge.
September 07, 2026The European Central Bank is widely expected to hike interest rates on Thursday, erring on the side of caution as the U.S.-Iran war
September 07, 2026Gas prices in the U.S. have hit a record high for Labor Day weekend, averaging $4.14 per gallon
September 07, 2026President Donald Trump has been promising an economic boom, but Friday's positive jobs report left him frustrated
September 05, 2026Wall Street will get several important updates about inflation this week
September 04, 2026Wall Street dipped on Friday as a robust jobs report raised the probability that the U.S.
September 04, 2026Canadian economic activity expanded at a faster pace in August as prices, inventories and employment rose, Ivey Purchasing Managers Index (PMI) data showed on Friday.
September 04, 2026The dollar jumped on Friday after data showed that U.S. employers added 162,000 jobs in August, well above the 56,000 additions expected by economists,
September 04, 2026Treasury yields and the dollar rose, while stocks fell on Friday after stronger-than-expected U.S. job growth data boosted bets on a September
September 04, 2026The manager of Norway's $2.3 trillion sovereign wealth fund has proposed significantly cutting its exposure to U.S.
September 04, 2026From the Editor Are the vigilantes back?
September 04, 2026Investors will zero in on inflation data next week that they say could determine whether the U.S.
September 04, 2026Labor Day gas has never been this expensive. Trump is scrambling for answers
September 04, 2026What the bond rout means for your finances (Hint: It’s a mixed bag)
September 04, 2026Britain's construction sector marked its 20th month of contraction in August, dragged down by a severe downturn in the housebuilding sector, a survey showed on Friday.
September 04, 2026A look at the day ahead in European and global markets from Stella Qiu U.S.
September 04, 2026Remarks from Fed Governor Christopher Waller that he is inclined to hold interest rates steady later this month sparked a strong stock market
September 04, 2026Wall Street rallied on Thursday as investors curbed their rate hike bets after U.S.
September 03, 2026Many Venezuelans see the deal giving the United States control of roughly one-fifth of their country's oil reserves as a surrender
September 03, 2026The average rate on the popular U.S. 30-year fixed-rate mortgage rose this week to its highest in more than a year, a fresh pain point for households already dealing
September 03, 2026The number of Americans filing claims for unemployment benefits rose marginally last week amid low layoffs, pointing to stable labor market conditions
September 03, 2026A recent rise in Treasury yields in part reflects growing investor bets that an obscure, theoretical rate consistent with stable growth and
September 03, 2026There is no more premium for safe, liquid U.S. government debt, pushing the neutral level of interest rates higher, Federal Reserve
September 03, 2026Mortgage rates rose again this week, driving the average long-term U.S. home loan rate to its highest level in more than a year
September 03, 2026U.S. services sector activity picked up in August as strong demand lifted new orders to a 3-1/2-year high and drove input prices higher, suggesting inflation could
September 03, 2026Mortgage rates hit a new high for 2026, marching closer to 7%
September 03, 2026By Michael S.
September 03, 2026Bank of England Chief Economist Huw Pill said that raising interest rates now would help reduce the chance that the central bank has to be more aggressive in future to tame
September 03, 2026The bond market rout is global. Here’s what’s driving it
September 03, 2026Wall Street's main indexes opened higher on Thursday after Federal Reserve Governor Christopher Waller said he was open to leaving interest rates unchanged this month if data
September 03, 2026Campbell's said on Thursday it has closed plants, cut jobs and planned more price increases on select products as the soup-and-snacks maker seeks to
September 03, 2026What to expect from Friday’s jobs report – and AI in the future
September 03, 2026Shoppers are increasingly hunting for value, which puts the onus on businesses to tread carefully when justifying price hikes.
September 03, 2026The European Central Bank will raise interest rates on September 10 for the second and final time in what would be its shortest hiking campaign in 15
September 03, 2026Russian President Vladimir Putin said on Thursday that the size of the budget deficit, which grew by 40% from January to July this year to
September 03, 2026India's unexpectedly strong economic growth has sparked a debate after an ex-bureaucrat questioned whether the expansion was overstated and a former
September 03, 2026Growth in the euro zone's dominant services industry slipped to a two-month low in August though solid and broad-based demand kept overall private sector activity on an even
September 03, 2026Activity in Britain's dominant services sector grew for the second month in a row in August and confidence rose, according to a survey on Thursday that also showed more
September 03, 2026India's dominant services sector accelerated slightly in August but persistently subdued new business kept overall activity near its weakest in more than four years, a
September 03, 2026Ballooning debt and rising bond yields in advanced economies are threatening to undo developing and low-income countries' progress in
September 03, 2026Japan's services sector expanded at its fastest pace in five months in August, as stronger domestic demand lifted business activity and new work, a private survey showed on
September 03, 2026Stocks rose on Wall Street as gains by big technology companies and relatively steady oil prices and bond yields helped boost the market after a downbeat start to the week
September 02, 2026U.S. economic activity increased modestly, employment rose slightly and prices increased moderately in recent weeks, according to a mixed report published on Wednesday
September 03, 2026By Michael S.
September 02, 2026Jack Daniel's maker Brown-Forman said on Wednesday alcohol demand, especially in developed markets, is likely to remain under pressure this year, while renewed
September 02, 2026US 10-year yield touches highest level since 2023
September 02, 2026U.S. stock investors are warily watching the rise in Treasury yields as a stumbling block for Wall Street's record-setting rally, with particular
September 02, 2026The U.S. dollar will hold firm over coming months but trade weaker in a year, according to a Reuters poll of FX strategists who also broadly said the
September 02, 2026In closely contested House and Senate races, even a small shift in union votes could influence the outcome.
September 02, 2026A new wave of strikes in the Iran war this week has seen energy prices surge once again, adding fuel to the selloff across world bond markets as investors brace for a
September 02, 2026After opening the door to higher interest rates last week, U.S.
September 02, 2026Bond prices continued to slide in Asia and Europe on Wednesday, pushing borrowing costs to multi-
September 02, 2026Government borrowing costs from the United States to Germany and Japan are at or near multi-decade peaks on heightened worries about
September 01, 2026The Bank of Japan should conduct interest rate hikes nimbly to counter intensifying inflationary pressures, rather than adhere
September 02, 2026The Bank of Japan will debate raising interest rates including in September with a focus on whether inflationary risks were heightening,
September 02, 2026South Korea's consumer inflation quickened in August due to low-base effects from the previous comparable period a year ago, data showed on Wednesday, but was lower than
September 02, 2026Turkey's economy expanded 2.3% year-on-year in the second quarter, official data showed on Monday, less than forecast, with growth slowing for the fourth consecutive quarter
August 31, 2026Interest rates on government bonds are rising again around the world, making borrowing more expensive for consumers and businesses and heightening concerns about whether governments are issuing more debt than financial markets can handle
September 02, 2026U.S. stocks extended their slide on Tuesday, as the global bond selloff deepened and crude prices spiked amid fading hopes for a near-
September 01, 2026