Trump’s new Iran sanctions leave China’s oil purchases untouched
Treasury Secretary Scott Bessent launched "Operation Economic Outcast" against Iran on August 24, targeting more than 60 entities, individuals, and…
World News
Global economic and financial news — Federal Reserve decisions, geopolitical events, trade policy and macroeconomic data that move financial markets worldwide.
US unemployment falls to 4.1% as Fed weighs shrinking labor force against inflation still above target
The US unemployment rate slipped to 4.1% in July, a level Fed Chair Kevin Warsh has called consistent with full…
Blumenthal urges House to pass Russia sanctions as Ukraine ceasefire odds slip
Senator Richard Blumenthal has urged the House to pass a Senate-approved sanctions bill targeting Russia's wartime economy, warning of extreme…
BCA: U.S.-Iran conflict won’t reshape the world, but accelerates six existing trends
The U.S.-Iran conflict, running since February with an April ceasefire, has not fundamentally changed the world, according to a report…
EU drafts sanctions package targeting 1,600 Russian entities
The European Union is drafting its largest sanctions expansion since Russia's full-scale invasion of Ukraine, targeting roughly 1,600 people and…
