U.S. Current Account Deficit Widens Sharply on Tariff Rush
The U.S. current account deficit reached its highest point at $450.2 billion during the first quarter because businesses rushed to...
Economics
Oil Drops as U.S. Sanctions Signal Diplomatic Path on Iran
The U.S. sanctions on Iran triggered oil price declines during Friday's market session because the country chose diplomatic solutions over...
U.S. Aims to Revoke Chip Waivers for Firms in China
Major chipmakers face disruption to global semiconductor production because the U.S. government plans to end waivers that let them use...
EU to Push China on Rare Earth Access at Summit
EU leaders will demand China to enhance rare earth mineral accessibility at their upcoming Beijing summit because of escalating geopolitical...
Senate Committee Sets June 25 Vote on FAA Nominee
The U.S. Senate Commerce Committee will conduct a vote on June 25 to confirm President Donald Trump’s nominee for the...
Middle East Conflict Lifts Oil, Shakes Global Markets
The rising tensions between Israel and Iran create market uncertainty which drives up oil prices at a time when central...
G7 Summit Begins Amid Mideast Tensions, Trade Concerns
Leaders from the Group of Seven nations met in Canada during a summit which was affected by the intensifying conflict...
IFC Extends $400 Million Loan for Pakistan’s Reko Diq Mine
The International Finance Corporation (IFC) will provide a $400 million subordinated loan to support development of the Reko Diq copper-gold...
Vietnam Gains BRICS ‘Partner Country’ Status, Brazil Confirms
The BRICS group of major emerging economies accepted Vietnam as their official partner country according to Brazil's government announcement on...
Fed Expected to Hold Rates as Geopolitical Risks Mount
The Federal Reserve maintains expectations to maintain interest rates at their current levels during the upcoming week because policymakers need...
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