U.S. Stocks Rise as Oil Retreats
U.S. stocks snapped a four-session losing streak as an interruption to the torrid run in oil prices offset a reading of higher consumer inflation.
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Firm Inflation Reading Pushes Fed Closer to a Rate Increase
The annual U.S. inflation rate held steady at 3.4% in August, matching analyst expectations.
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The Fed Is Poised for a Rate Hike. It Rarely Stops at One.
Investors have started pricing in a series of increases. Chairman Kevin Warsh's aversion to signaling the path leaves him few tools to talk them out of it
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Consumer Sentiment Is Lower in September, per Michigan Survey
The survey's index stands at 47.8, versus the 51.7 recorded at the end of August, bringing sentiment back down toward historical lows reached earlier this year.
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Canada Pins Hope for Economic Turbocharge on High-Profile Investor Summit
The gathering, which starts Monday, seeks to pair companies pitching projects with some of the world's top asset managers responsible for assets totaling over $100 trillion.
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Cluster of Polymarket Accounts Won Big on Companies Audited by KPMG
Findings come after The Wall Street Journal reported that a KPMG employee is under investigation for alleged insider trading.
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Record Diesel Prices Make Fed's Rate Decision for It
A crucial day for inflation and the U.S. economy is off to a bad start.
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Iran-Backed Houthis Take Effective Control of Key Chokepoint
The capture of an island and coastal town tightens the militants' grip on the Bab al-Mandeb strait, a crucial alternative to shipping through the Strait of Hormuz.
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Government Bond Yields Finish Near Multiyear Highs Amid Rate-Rise Bets
Long-run Treasury yields cooled slightly but are still hovering near their multiyear highs as investors raised their bets the Federal Reserve will hike interest rates at its meeting next week.
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Week Ahead for FX, Bonds: All Eyes on Fed Rate Decision
An interest-rate decision by the U.S. Federal Reserve will be firmly at the center of markets' attention in the coming week, where a hike looks a possibility after strong jobs data and solid inflation numbers.
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U.S.-Iran Escalation to Delay Oil Flow Recovery Into Next Year, IEA Says
The energy watchdog further cut its outlook for global oil demand, now expecting consumption to fall by 2.5 million barrels a day in 2026 compared with its previous forecast.
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Oil Prices Post Big Weekly Gain Amid Supply Risks
Oil prices slipped back Friday after a string of gains, but ended the week sharply higher as traders assessed growing risks to Middle East crude exports.
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Russian Central Bank Holds Key Rate Despite Rising Price Pressures
The central bank left its key interest rate unchanged after a series of 10 cuts as Ukraine's drone strikes threaten to push inflation even higher.
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Iranians Are Running Out of Gas as Economic Squeeze Takes Hold
Cuts to subsidies and quotas are fueling anger and spurring walkouts by truck and taxi drivers.
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U.K. Economy Showed Continued Resilience in July
Economic growth jumped again following a strong start to the year, with activity continuing to perform strongly despite higher energy prices.