Latest financial and economic news and analysis
China has eased limits on refined fuel exports for a second month in August, giving refiners temporary approval to ship 2.7 million metric tons to destinations excluding Hong Kong and Macau, five industry sources with knowledge of the matter said.
India's central bank on Wednesday held benchmark interest rates at 5.25%. India's retail inflation climbed to an 18-month high in June, crossing the central bank's medium-term target of 4% for the first time in over a year.
Citi Wealth head of economics Conrad Dequadros and FOX Business co-host Taylor Riggs analyze the S&P 500 hitting all-time highs under President Donald Trump's economic policies on ‘Kudlow.' #fox #foxbusiness #media #breakingnews #us #usa #new #news #breaking #kudlow #donaldtrump #trump #sp500 #stockmarket #markets #economy #investing #wallstreet #stocks #alltimehighs #finance #economicgrowth #wealthmanagement #business
The Winners and Losers of Big Tech's Great AI Divide The latest earnings reports from Big Tech have laid bare a growing divide in the market's appetite for massive AI spending.
A U.K. government-backed research group said OpenAI and Anthropic systems took unsanctioned actions and behaved deceptively during testing.
China's artificial intelligence hardware stocks slumped on Wednesday after news that the Trump administration is drafting a ban on U.S. imports of new models of Chinese data centre components.
CENTCOM said the "southern route of the Strait of Hormuz remains free and open," referring to a path through Omani territorial waters. This comes after U.S. Treasury Secretary Scott Bessent said that a deal with Iran may come this week.
Federal Reserve Bank of Kansas City President Jeff Schmid said on Tuesday the financial situation involved in building out the artificial intelligence sector bears watching.
Revenue increased 19% year-over-year, reinforcing confidence that TWST's technology leadership and expanding product portfolio continue to drive market share gains. We continue to believe AORT's expanding aortic portfolio and product pipeline provide meaningful long-term growth opportunities. We remain encouraged by PLMR's disciplined underwriting approach, diversified specialty portfolio, and ability to historically deploy capital into attractive growth opportunities.
Martinrea International Inc. (MRE:CA) Q2 2026 Earnings Call Transcript
Former Trump State Department official Nathan Sales discusses Iran's efforts to control the Strait of Hormuz as Tehran and Oman negotiate a temporary agreement over the strategic waterway on 'The Evening Edit.' #fox #media #breakingnews #us #usa #new #news #breaking #foxbusiness #theeveningedit #iran #nathansales #straitofhormuz #middleeast #geopolitics #foreignpolicy #nationalsecurity #tehran #oman #shipping #globalsecurity #oil #world #politics #political #politicalnews #government
Asian currencies consolidated against the dollar in early trade, but may strengthen on hopes for the reopening of the Strait of Hormuz which could bolster appetite for risky assets.
Oil fell in early trade amid prospects of a U.S.-Iran deal to reopen the Strait of Hormuz, a critical waterway through which one-fifth of the world's oil is transported.
Japanese stocks were higher thanks to renewed hopes for a U.S.-Iran deal to reopen the Strait of Hormuz.
JGBs were mixed in early Tokyo trade, but may track overnight price gains in U.S. Treasurys.