European Commission keeps retaliation options open against Trump’s 25% auto tariffs
The European Commission responded cautiously to President Trump’s threat of 25% tariffs on European automobiles and auto parts, pledging to…
World News
Global economic and financial news — Federal Reserve decisions, geopolitical events, trade policy and macroeconomic data that move financial markets worldwide.
US seeks $67 billion more for Iran conflict as Congress resists
The Pentagon is asking Congress for $67 billion in additional funding to sustain the conflict with Iran, on top of…
China’s retail sales slip into contraction as Q2 GDP slows to 4.3%
China's retail sales fell 0.6% year-on-year in May 2026, the first annual decline since December 2022, and June recovered only…
Iran rejects U.S. ceasefire as strikes escalate and Brent oil nears $100
Iran has rejected a U.S.-backed ceasefire proposal, reportedly the only offer under consideration, as American forces completed a 13th straight…
Trump vows military punishment for Iran and Houthis as oil tops $100
Trump vowed major military punishment for Iran and its Houthi allies after Yemeni fighters struck two Saudi oil tankers in…
