Trump Says US Will Declare Strait of Hormuz Its Territory as Iran Blockade Grinds On
President Donald Trump says he will soon declare the Strait of Hormuz United States territory, escalating a monthslong standoff with…
World News
Global economic and financial news — Federal Reserve decisions, geopolitical events, trade policy and macroeconomic data that move financial markets worldwide.
CFTC reviews prediction market ‘mention markets’ as states and Baltimore sue Kalshi, Polymarket
The CFTC is reviewing "mention markets" on prediction platforms, Kalshi has pulled its sports-related versions, and a Washington state judge…
Fed’s Goolsbee Says Latest Inflation Data Has Turned a Little Better
Chicago Fed President Austan Goolsbee says the latest U.S. inflation data has been a little better and hopes price growth…
Bessent Says Core Inflation Falls to 2.5% as Lower-Wage Workers See 5.5% Pay Gains
U.S. Treasury Secretary Scott Bessent said wages for the lowest-paid quarter of American workers rose 5.5% over the past year,…
Bessent declares end of K-shaped economy as bottom-quartile wages climb 5.5%
Treasury Secretary Scott Bessent says the "K-shaped economy" is over, pointing to bottom-quartile wage growth of 5.5% against 1.5% for…
