Wall Street hits record high as Bessent says Hormuz deal could come within a day
US stocks closed at record highs on Tuesday after Treasury Secretary Scott Bessent said a deal to reopen the Strait…
World News
Global economic and financial news — Federal Reserve decisions, geopolitical events, trade policy and macroeconomic data that move financial markets worldwide.
Iran launches Hormuz toll system, exempts Russian vessels, accepts Bitcoin for payment
Iran has begun charging vessels transiting the Strait of Hormuz, exempting Russian ships and giving China preferential terms. The tolls…
Saudi Arabia Pauses Houthi Airstrikes, Reopens Oman-Brokered Talks as Red Sea Shipping Threat Eases
Saudi Arabia has paused its airstrike campaign against Houthi forces in Yemen and reopened talks through Oman, defusing for now…
Philadelphia Fed’s Paulson Says Current Rate Range Is Enough to Curb Inflation
Philadelphia Fed President Anna Paulson says the central bank's current 3.5%-3.75% rate range is enough to pull inflation back toward…
US manufacturing hits fastest expansion pace since 2022 as Trump policies drive industrial rebound
The ISM manufacturing index rose to 55.6 in July 2026, its highest level since May 2022 and a seventh straight…
