Bailey says Middle East conflict has had limited impact on U.K. inflation so far
Bank of England Governor Andrew Bailey told lawmakers on Tuesday that higher energy prices from the renewed U.S.-Iran conflict have…
World News
Global economic and financial news — Federal Reserve decisions, geopolitical events, trade policy and macroeconomic data that move financial markets worldwide.
US Tariff Refunds Reach $81 Billion as Supreme Court Ruling Deepens the Deficit
The U.S. government has refunded $81 billion in tariffs this fiscal year after the Supreme Court ruled President Donald Trump's…
US-Iran strikes push oil toward $80 and split US stocks as inflation data looms
A fresh round of US-Iran strikes over the weekend pushed oil higher and split US stocks on Monday, with the…
Fossil fuels supplied 86% of world energy in 2025 as U.S. oil output hit a record
The world used more energy than ever in 2025, and fossil fuels still supplied 86% of it despite record renewable…
Safe havens falter as Iran conflict lifts yields and caps gold
U.S. Treasurys, the Japanese yen, and gold have not shielded investors as expected through 2026’s market turmoil. The conflict in…
