Today: September 18, 2026
Today: September 18, 2026

inflation

Economy

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

Economy|Finance|Stock Markets|Technology|US

Wall Street ends lower as oil spikes and the benchmark Treasury yield breaches 5%

Wall Street extended its selloff on Tuesday, as rising U.S.

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Iran war expected to cause a spike in US inflation, according to budget watchdog

Iran war expected to cause a spike in US inflation, according to budget watchdog

Africa|Americas|Arts|Asia|Australia|Business|Celebrity|Crime|Economy|Education|Election|Entertainment|Environment|Europe|Fashion and Beauty|Finance|Food|Health|Interview|Lifestyle|MidEast|Opinion|Political|Science|Sports|Stock Markets|Technology|Travel|US|Videos|World

Iran war has cost the US more than $38B, budget office says

The 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

Arts|Economy|Europe|Finance

Key candidates to replace ECB President Lagarde

France 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

Business|Economy

American incomes finally top pre-pandemic levels, fighting against inflation all the way

U.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

Business

Bank of Korea minutes show possible policy rift on back-to-back rate hikes

The 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

Business|Economy|Finance|Stock Markets|US|World

Global bond yields hit fresh highs, raising stakes for big borrowers

Government borrowing costs hit their highest level since the 2008 financial crisis on Tuesday, with 10-year U.S.

Economy|Finance|Stock Markets

Morgan Stanley turns more hawkish, forecasts two Fed hikes and ECB move

Morgan Stanley has joined other major Wall Street banks in adopting a more hawkish outlook on interest rates, forecasting U.S.

Economy|Finance|Stock Markets|US

"The house" visits the House

The nervous start to the week for world markets has seen 10-year U.S.

Arts|Economy

Median US income rises to highest on record even as Americans feel affordability pinch

Median US income rises to highest on record even as Americans feel affordability pinch

Science|Technology

Investors nervous about AI spending slowdown after industry warnings

Investors 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

Business|Economy|Finance|World

Federal Reserve is expected to raise its benchmark rate, defying Trump's demands

The Federal Reserve is widely expected to lift its short-term interest rate for the first time in three years to fight stubbornly high inflation

Business|Economy|Finance

UK jobs market stays soft before BoE rate call

Britain'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

Arts|Business|Economy|Finance|MidEast|Stock Markets|US|World

10-year Treasury yield hits 5%, critical threshold for US economy and markets

10-year Treasury yield hits 5%, critical threshold for US economy and markets

Business|Economy|Finance|Technology|World

AI stocks drop, but the rest of Wall Street holds steadier after oil prices give back an early jump

AI stocks slid worldwide after leaders of the industry warned a slowdown is needed for the safety of humanity

Arts|Economy|Election|Entertainment|Finance

House Speaker Mike Johnson says Trump's $5,000 'dividend' needs congressional approval

House 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

Business|Economy|Finance|World

Wall Street week ahead: Federal Reserve decision on interest rates, retail sales update

The Federal Reserve and its interest rate policy will be the main focus for Wall Street this week

Business|Economy|Finance|World

US wholesale prices rise in latest sign of stubborn inflation as oil prices continue to climb

Wholesale 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

Economy|Election|Health|Political

FACT FOCUS: A look at false and misleading claims during the Republican midterm convention

President 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

Business|Economy|Finance|World

No relief from inflation as Middle East clashes lifts fuel prices to painful levels

U.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

Arts|Economy

Diesel costs more than $6 a gallon for the first time. Here’s how that affects you

Diesel costs more than $6 a gallon for the first time. Here’s how that affects you

Business|Economy|Finance

Inflation heated up last month, boosting the case for a Fed rate hike

Inflation heated up last month, boosting the case for a Fed rate hike

Economy

Trump officials scramble to manage fallout after his $5K check pledge to all Americans

Trump officials scramble to manage fallout after his $5K check pledge to all Americans

Business|Economy|Finance|MidEast|World

Global oil hits $108 per barrel while bond yields surge

Global oil hits $108 per barrel while bond yields surge

Business|Economy|Europe

European Central Bank raises interest rates a quarter point to quell energy-fueled inflation

The European Central Bank is raising interest rates to cool inflation that is being fed by high oil prices from the Iran war

Business|Economy|Finance|MidEast

ECB raises interest rates, bolstering bets for further moves

The European Central Bank raised interest rates on Thursday for the second time this year to quell an energy-driven inflation rise

Business|Economy|Finance

Wholesale inflation picked up in August, as energy costs kept rising

Wholesale inflation picked up in August, as energy costs kept rising

Business|Economy|US|World

US unemployment claims dip to 206,000 as layoffs continue to remain rare

Slightly fewer Americans filed for unemployment claims last week as jobless claims remain at historically low levels and layoffs are still rare

Business|Economy|Finance

Know your bonds: A quick guide to Treasuries

Know your bonds: A quick guide to Treasuries

Arts|Economy|Health|Technology

Republicans showcase their 'big beautiful bill' to voters, but the law's impact has been mixed

Working to keep the majority in Congress, Republicans are showcasing their chief legislative accomplishment in this midterm election

Business|Economy|Finance|Stock Markets|US|World

Major brokerages' forecasts for S&P 500 index in 2026

Global 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

Economy|Finance

Why the BOJ will bet small on rate hikes now to avoid a bigger shock later

The 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

Arts|Finance

The yen's sudden surge is upsetting the carry trade faithful

A blistering rally in the Japanese yen ahead of an expected interest rate hike from the Bank of Japan next week is upending the long-

Americas|Asia|Business|Economy|Finance

Yen's rally to seven-month high weighs on dollar ahead of US CPI

The 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

Arts|Economy|Environment

Australian consumer sentiment slides under rates, petrol pressure

A 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

Asia|Business|Economy|Finance|Stock Markets|World

Stocks dented by inflation risk from rising oil, dicey geopolitics

Rising 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

Business|Economy|Finance|World

Yen surges to seven-month high; dollar drifts ahead of US inflation

The yen surged to a seven-month high on Monday as traders reassessed the battered currency's outlook, driven by expectations of faster

Arts|Business|Economy|Finance|Stock Markets|Technology

Global shares are mixed as chipmaker shares rally in Tokyo and Seoul

Global shares are mixed, with benchmarks in Tokyo and Seoul leading gains thanks to buying of computer chipmakers

Business|Finance

UK house prices fall for first time since November 2023, Lloyds data shows

British 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

Asia|Business|Economy|Europe|Finance|MidEast|Stock Markets|World

Diesel the real spoiler for US inflation doves

A 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.

Business|Economy|Finance|World

Another rate hike, just for insurance: Five questions for the ECB

The European Central Bank is widely expected to hike interest rates on Thursday, erring on the side of caution as the U.S.-Iran war

Business|Economy|Environment|Travel

Fuel prices at record Labor Day high in US thanks to Iran war and refinery issues

Gas prices in the U.S. have hit a record high for Labor Day weekend, averaging $4.14 per gallon

Business|Economy

Trump keeps heralding an economic boom, but even a solid jobs report is causing problems for him

President Donald Trump has been promising an economic boom, but Friday's positive jobs report left him frustrated

Arts|Economy|Finance

Wall Street week ahead: The market focuses on key inflation updates

Wall Street will get several important updates about inflation this week

Arts|Business|Economy|Finance|Technology|World

Wall Street ends lower as solid jobs data fuels hawkish Fed bets

Wall Street dipped on Friday as a robust jobs report raised the probability that the U.S.

Business|Economy|Finance

Canada's Ivey PMI expands to more than four-year high in August

Canadian economic activity expanded at a faster ​pace in August as prices, inventories and employment rose, ​Ivey Purchasing Managers Index (PMI) ​data showed on Friday.

Business|Economy|Finance|World

Dollar bounces on job gains, then pares ahead of CPI

The 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,

Arts|Economy|Entertainment|Finance|Sports|Technology

Yields, dollar rise, stocks ease after solid US jobs report

Treasury yields and the dollar rose, while stocks fell on Friday after stronger-than-expected U.S. job growth data boosted bets on a September

Business|Economy|Finance|Stock Markets

Norway's $2 trillion sovereign fund proposes deep cuts to US Treasury holdings

The manager of Norway's $2.3 trillion sovereign wealth fund has proposed significantly cutting its exposure to U.S.

Africa|Americas|Arts|Asia|Business|Economy|Europe|MidEast

Bonds' reality check

From the Editor Are the vigilantes back?

Arts|Economy|Finance|Stock Markets|US

Investors to pore over inflation data for signals on rate trajectory

Investors will zero in on inflation data next week that they say could determine whether the U.S.

Arts|Economy|Entertainment|Finance|World

Labor Day gas has never been this expensive. Trump is scrambling for answers

Labor Day gas has never been this expensive. Trump is scrambling for answers

Economy

What the bond rout means for your finances (Hint: It’s a mixed bag)

What the bond rout means for your finances (Hint: It’s a mixed bag)

Business|Economy|World

UK construction slides again, pulled down by weak housebuilding, PMI shows

Britain'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.

Business|Economy|Finance|Stock Markets

Seems payrolls isn't the data you are looking for

A look at the day ahead in European and global markets from Stella Qiu U.S.

Arts|Business|Economy|Finance|Technology

Trading Day: Waller cools Fed hike hoopla

Remarks from Fed Governor Christopher Waller that he is inclined to hold interest rates steady later this month sparked a strong stock market

Arts|Business|Finance|Stock Markets

Wall Street ends sharply higher as Waller remarks ease rate hike fears

Wall Street rallied on Thursday as investors curbed their rate hike bets after U.S.

Americas|Arts|Economy|World

Proud of their oil, Venezuelans view US stake in their reserves as a surrender

Many Venezuelans see the deal giving the United States control of roughly one-fifth of their country's oil reserves as a surrender

Arts|Economy|Environment

US fixed 30-year mortgage rate rises to highest since July 2025

The 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

Arts|Business|Economy|Education|Entertainment|Europe|Finance|MidEast|US

US labor market remains stable; services input price rises point to elevated inflation

The number of Americans filing claims for unemployment benefits rose marginally last week amid low layoffs, pointing to stable labor market conditions

Finance

Bond selloff is likely amplified by obscure economic rate

A recent rise in Treasury yields in part reflects growing investor bets that an obscure, theoretical rate consistent with stable growth and

Business|Economy

Fed's Waller says safety premium for Treasuries is gone, pushing neutral rate higher

There is no more premium for safe, liquid U.S. government debt, pushing the neutral level of interest rates higher, Federal Reserve

Business|Economy|Finance

Average rate on a 30-year mortgage climbs to highest level in 13 months

Mortgage rates rose again this week, driving the average long-term U.S. home loan rate to its highest level in more than a year

Business|Economy|Finance

Strong demand boosts US services sector activity in August

U.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

Business|Economy|Finance

Mortgage rates hit a new high for 2026, marching closer to 7%

Mortgage rates hit a new high for 2026, marching closer to 7%

Arts|Economy|Finance|Interview

Fed's Waller channels his inner John Lennon with a plea to 'give disinflation a chance'

By Michael S.

Economy|Finance

Bank of England's Pill says higher rates would help head off inflation pressure

Bank 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

Arts|Education|Entertainment|Finance|Lifestyle|Sports

The bond market rout is global. Here’s what’s driving it

The bond market rout is global. Here’s what’s driving it

Arts|Economy|Entertainment|Finance|Lifestyle|Sports|Stock Markets|Technology|US

Wall St opens higher after Fed's Waller signals patience on rate policy

Wall 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

Arts|Business|Economy|Finance|Food

Campbell's taps price hikes, cost cuts as results 'remain unacceptable'

Campbell'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

Business|Economy|Technology

What to expect from Friday’s jobs report – and AI in the future

What to expect from Friday’s jobs report – and AI in the future

Business|Economy

Shoppers are less peeved by cost hikes due to scarcity – but retailers more often blame their own rising costs

Shoppers are increasingly hunting for value, which puts the onus on businesses to tread carefully when justifying price hikes.

Business|Economy|Europe|Finance

ECB to raise rates a second time in September, but then done, say economists: Reuters poll 

The 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

Business|Economy|World

Russia can manage its growing budget deficit, Putin says

Russian President Vladimir Putin said on Thursday that the size of the budget deficit, which grew by 40% from January to July this year to

Business|Economy|Finance

Why India's strong GDP growth is raising eyebrows

India's unexpectedly strong economic growth has sparked a debate after an ex-bureaucrat questioned whether the expansion was overstated and a former

Business|Economy|Europe|Finance

Euro zone overall business growth held steady in August, PMI shows

Growth 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

Business|Economy|Europe|Finance|World

UK economy gathers pace but cost pressures intensify, PMI shows

Activity 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

Arts|Business|Economy

India's services growth picks up in August but stays near four-year low, PMI shows

India'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

Arts|Economy|Finance|Interview

IMF's Georgieva says rising bond yields threaten progress on developing country debt

Ballooning debt and rising bond yields in advanced economies are threatening to undo developing and low-income countries' progress in

Business|Economy

Japan services growth hits five-month high, PMI shows

Japan'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

Business|Economy|Finance|Stock Markets|World

Wall Street rises as tech stocks climb and oil prices, bond yields hold relatively steady

Stocks 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

Business|Economy|Finance

Fed survey shows economic activity edged up, prices rose moderately in recent weeks

U.S. economic activity increased modestly, employment rose slightly and prices increased moderately in recent weeks, according to a mixed report published on Wednesday

Business|Economy|Finance

Fed's Williams ties rising bond yields to strong economy, CNBC reports

By Michael S.

Arts|Business|Economy|Entertainment|Finance|Lifestyle

Jack Daniel's maker flags soft alcohol demand for year, sees no respite in Canada

Jack Daniel's maker Brown-Forman said on Wednesday alcohol demand, especially in developed markets, is likely to remain under pressure this year, while renewed

Business|Economy|Finance|Stock Markets

US 10-year yield touches highest level since 2023

US 10-year yield touches highest level since 2023

Business|Economy|Finance|Stock Markets|US

Rising Treasury yields could rattle US stocks as earnings season ends

U.S. stock investors are warily watching the rise in Treasury yields as a stumbling block for Wall Street's record-setting rally, with particular

Arts

Dollar to hold gains, but stuck on sparse Fed rate guidance - Reuters poll

The 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

Arts|Opinion|Science|Technology|World

Labor votes: Discontent will accompany blue‑collar voters to the polls in the midterms

In closely contested House and Senate races, even a small shift in union votes could influence the outcome.

Arts|Finance|Science|Technology

Bonds boil

A 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

Business|Economy|Finance|World

Warsh's Jackson Hole encore may put Trump's inflation record under a microscope

After opening the door to higher interest rates last week, U.S.

Business|Economy|Europe|Finance|MidEast|Stock Markets

Bond selloff deepens as oil prices and public debt fears jolt markets

Bond prices continued to slide in Asia and Europe on Wednesday, pushing borrowing costs to multi-

Business|Economy|Finance

What's behind the selloff in world bond markets?

Government borrowing costs from the United States to Germany and Japan are at or near multi-decade peaks on heightened worries about

Economy

BOJ's Takata urges nimble rate hikes, says 2026 marks a turning point

The Bank of Japan should conduct interest rate hikes nimbly to counter intensifying inflationary pressures, rather than adhere

Business|Economy|Finance|World

BOJ chief signals chance of September rate hike, debate on price risks

The Bank of Japan will debate raising interest rates including in September with a focus on whether inflationary risks were heightening,

Arts|Business|Economy|Environment|Finance

South Korea inflation quickens on one-off factor, misses expectations

South 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

Arts|Economy

Turkish economy grows 2.3% yr-on-yr in Q2, below forecast

Turkey'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

Business|Economy|Finance

Why bond yields are rising and why everyone should care

Interest 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

Business|Economy|Finance|Stock Markets|US

Wall Street ends lower as higher yields, rising oil prices mark shaky start to September

U.S. stocks extended their slide on Tuesday, as the global bond selloff deepened and crude prices spiked amid fading hopes for a near-