Stock Futures Retreat, 10-Year Treasury Yield Holds Above 5% as Investors Await Fed Decision
U.S. stock futures fell Tuesday as oil prices continued to rise as Saudi Arabia's East-West pipeline stayed shut.
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U.S. Diesel Prices Hit Record High as Fuel Squeeze Bites
The average price of a gallon of diesel in the U.S. hit a fresh record of $6.27 on Tuesday, boosting expectations that the Fed would hike interest rates Wednesday.
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Global Trading System Facing Fragmentation or Revamp At 'Critical Juncture,' WTO Says
The WTO said that economic activity would shrink significantly if world trade were to splinter into geopolitical blocs or regional groupings.
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Eurozone Trade Surplus Widened in July
The result signals a boost to the economy from trade at the start of the third quarter-despite lingering geopolitical uncertainty.
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Global Bond Selloff Deepens as 10-Year Yields Hit Multiyear Highs
The 10-year U.S. Treasury yield hit its highest level since 2007 and yields on 10-year German and Japanese government bonds were at multiyear highs.
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Oil Prices Rise as Middle East Supply Concerns Persist
Brent crude futures rose to $107.59-but remained below Monday's intraday high-as the shutdown of Saudi Arabia's East-West Pipeline and recent Houthi territorial gains kept supply concerns elevated.
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German Investor Confidence Continues Improving Streak
Sentiment benefited from continued resilience of the Eurozone's largest economy, despite the impact of the Middle East conflict on energy prices.
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Bond Yields Could Come Down as Fast as They've Climbed
Expectations for what the Fed will do are driving the recent moves in long-term yields.
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The Stagnant Housing Market Is About to Face a 7% Mortgage
The housing market is approaching the highest mortgage rate since January 2025, likely spooking home buyers and home builders even more.
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U.K. Labor Market Remains Soft as BOE Rate Decision Looms
Unemployment remained close to a five-year high in the three months through July, with the labor market showing continued signs of softness.
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Bank of Japan Set to Deliver Fastest Hike of Cycle as Pressure Mounts
The Japanese central bank's tone and guidance will be scrutinized for hints on whether it will accelerate tightening further or stick to a gradual approach.
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Warsh's Arrival Ended Trump's War With the Fed. A Rate Hike Would Test the Truce.
The current chairman criticized the Fed last year for moving too slowly to cut rates. Investors now expect him to start taking those cuts back.
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Weak Domestic Demand Continues to Weigh on Chinese Economic Activity
A mixed set of data suggests that a K-shaped growth path is becoming further entrenched in the Chinese economy.
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AI Leaders Are Calling for a Slowdown, but Wall Street Keeps on Buying
Talk of heading off AI's potential role in destroying humanity hurt some stocks and helped others, with major U.S. indexes edging lower.
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Oil Executives Say the Great Fuel Crisis Is Here
Trump officials say the oil-market disruption is temporary, but Chevron's Mike Wirth and others warn global supplies are running low, with no respite in sight.
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Hedge Funds Are the Wild Card in the Turbulent Bond Market
A pullback by pension funds in Treasurys has created a void filled by hedge funds, and the New York Fed is asking about the potential risks.
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EPA to Roll Back Power-Plant Emission Rules
The move would unwind Biden-era policies to crack down on pollution from coal and newly built natural-gas-fired power plants.