Follow the latest financial and economic news, market updates, reports, and analysis on PipVero.
Treasury yields edged lower, as the Fed's interest-rate hike looked to have convinced investors about the central bank's intention to lower inflation back to target.
Oil prices decline as supply concerns ease and diplomacy picks up, while Saudi Arabia works to restore its key East-West oil pipeline and sells more crude through the Strait of Hormuz. The US and Gulf nations are set to meet on the sidelines of the UN General Assembly next week, while the US says Iranian officials may travel to New York.
Saudi Arabia has sold about 60 million barrels of crude from its Ras Tanura port inside the Strait of Hormuz for loading via ship-to-ship transfer at the Omani port of Sohar this month and next, trade sources said on Friday.
Japanese oil refiners have secured sufficient crude supplies through November despite concerns that fresh fighting between Saudi Arabia and Yemen's Houthis could widen Middle East tensions, the Petroleum Association of Japan said on Friday.
Anthropic is expected to beat rival OpenAI to the public markets with a blockbuster IPO later this year despite recent doomsday warnings, but questions remain about their business models and whether regulators should step in.
Saudi rerouting eases immediate oil supply fears, but Hormuz restrictions persist as WTI tests $95.42, Brent weakens and LNG markets stay tight.
JPMorgan's Rajiv Batra says higher bond yields and equities can coexist, arguing that emerging-market benchmarks are less rate-sensitive and more geared toward AI services and healthcare. He explains why remains bullish on AI despite safety, regulatory and financing concerns.
Goldman Sachs' Timothy Moe remains structurally bullish on Japanese equities, but sees a more challenging near-term outlook as the Bank of Japan normalizes policy.
Former Reagan economist Art Laffer discusses the Fed's decision to raise rates on 'Kudlow.' #fox #media #breakingnews #us #usa #new #news #breaking #foxbusiness #kudlow #federalreserve #fed #economy #inflation #interestrates #rates #kevinwarsh #warsh #artlaffer #laffer #economics #monetarypolicy #markets #finance #business #investment #consumers #borrowing #wallstreet #banking
China's exports of refined oil products in August rose 12.7% year-on-year amid the Iran war, with jet fuel exports hitting a record high, customs data showed on Friday.
Ed Yardeni, president of Yardeni Research, says "bond vigilantes" are stirring over the current U.S. deficits, even as the economy is not in recession. He says concerns over fiscal policy and higher-for-longer oil prices could fuel broader, more persistent inflation.
HSBC Chief Asia Economist Fred Neumann discusses why bond markets are looking for a more hawkish Fed signal amid fiscal pressures and rising borrowing demand. He also says the yen is fundamentally undervalued and could benefit from capital returning to Japan.
The Bank of Japan raised its benchmark interest rate to 1.25%, its highest level since 1995.
Higher rates in Tokyo might make the U.S. less alluring for Japanese investors.
The yen weakened, after the Bank of Japan raised its policy rate by a quarter percentage point to 1.25% in a widely expected move. The dollar gained to 156.90 yen from 156.14 yen.
