Stock market, central bank and economic news: indices, rates, inflation, currencies and the data driving global markets.
The nation’s highest court announced on April 17 that it will hear arguments next month regarding President Donald Trump’s controversial birthright citizenship policy while maintaining existing lower court blocks on the measure. The Supreme Court has scheduled oral arguments for May 15 to examine the constitutional implications of
The Washington D.C. metropolitan area’s housing market is experiencing a significant surge in inventory, according to recent data from Bright MLS listing service. The service reports that active listings have increased by 27.8% compared to the same period last year, with particularly notable growth in Washington, D.
The escalating economic and geopolitical tensions have reached a critical point as the Trump administration implements aggressive trade policies, particularly targeting China through substantial tariff increases. These actions reflect a growing recognition of unsustainable economic patterns that have persisted for decades. America’s trade deficit hit a record $918 billion
Beijing has appointed a new chief trade negotiator in what analysts view as a strategic move to restart dialogue with the Trump administration amid escalating trade tensions. Li Chenggang, 58, a former assistant commerce minister and China’s representative to the World Trade Organization (WTO), has been named to replace
A senior Turkish military figure has issued stark criticism of NATO, describing it as a defunct “zombie alliance” that has lost both its purpose and legitimacy, particularly as former U.S. President Trump signals potential withdrawal of American support. These remarks came from Retired Rear Admiral Cem Gurdeniz, known for
Recent weeks have seen an escalation in Chinese military activity around Taiwan, with multiple incidents of warplanes crossing into Taiwanese airspace coinciding with the U.S. presidential transition. Taiwan’s Ministry of Defense reports a more than 30% increase in Chinese military presence compared to the previous year, potentially testing
The Biden administration is facing a new challenge as the Trump administration takes steps to eliminate federal funding for public broadcasting entities PBS and NPR through the Corporation for Public Broadcasting (CPB). A draft memo from Office of Management and Budget Director Russell Vought details plans to cut $1.1
Gaming giant Sony has announced significant price adjustments for its PlayStation 5 console across multiple international markets, while maintaining current pricing in the United States. The company’s decision comes amid challenging economic conditions, with Sony specifically pointing to inflationary pressures and currency exchange rate volatility as key factors behind
Financial markets are closely watching for evidence that China may be reducing its holdings of US Treasury securities, with Mizuho’s EMEA head of FICC strategy Jordan Rochester expressing strong conviction that upcoming data will reveal such activities. Speaking during a Bloomberg TV interview on Monday, Rochester addressed growing speculation
A group of professors at Harvard University has launched legal action against the Trump administration following threats to withdraw approximately $9 billion in federal funding unless the institution implements specific structural changes demanded by the administration. The lawsuit, filed on April 11 by Harvard’s chapter of the American Association
International tourism to the United States has experienced a significant downturn, with European visits dropping by 17% in March compared to the previous year. The decline appears driven by multiple factors, including political tensions, concerns over treatment of foreign visitors, and economic uncertainty. The overall decrease in global tourism to
Representatives from the United States and Russia met in Istanbul on Thursday for extensive diplomatic discussions that stretched beyond five hours, marking continued efforts to improve bilateral relations between the two nations. The discussions were led by Russia’s newly appointed ambassador to Washington, Aleksandr Darchiev, and from the American
