Vance says Iran war will enter new phase within months, but Hormuz shipping claim disputed
US Vice President JD Vance says the Iran conflict will shift into "a completely different phase" within months and could…
World News
Global economic and financial news — Federal Reserve decisions, geopolitical events, trade policy and macroeconomic data that move financial markets worldwide.
Militia strikes knock out Saudi Arabia’s east-west pipeline
Explosions have hit Saudi Arabia's east-west pipeline, with repairs expected to take three to six weeks. The strike shows Iraq-based…
Iran war has cost the U.S. $38 billion and is running at $3 billion a month, CBO says
The Congressional Budget Office says the war between the United States and Iran has cost $38 billion through August 1…
Federal Reserve raises rates 25 basis points to 3.75%-4.00%, first hike since 2023
The Federal Reserve raised the federal funds rate 25 basis points to 3.75%-4.00% on September 16, 2026, its first hike…
Global bond yields surge to multi-year highs as Bessent cites “global issues”
The US 10-year Treasury yield hit its highest level since 2007 on Tuesday, but bonds sold off even harder in…
