US grants 60-day Iran oil waiver as buyers weigh dollar trades
The Treasury license allows Iranian oil and petrochemical sales in dollars through Aug. 21, potentially releasing stranded crude a...
By David L. Chen 1 month agoSection
Economics
US stock futures slip as oil and gasoline remain below year-ago levels
S&P 500 and Dow futures pointed lower Sunday night, while WTI crude stood about 24% below its level a year earlier, according to m...
By David L. Chen 1 month agoIMO halts Hormuz evacuation plan after Evergreen ship is hit near Oman
The UN maritime agency paused a Gulf exit plan after a Singapore-flagged container ship was struck near Oman, adding pressure to H...
By David L. Chen 1 month ago
China tightens export controls on Japanese defence-linked entities
Beijing added 40 Japanese entities to control and watch lists, raising licensing pressure on defence, drone, nuclear and industria...
By Ingrid Halvorsen 1 month ago
Burnham faces early North Sea oil test as supply risks rise
The likely next UK prime minister must choose between new North Sea drilling and a faster clean-energy push amid renewed fuel secu...
By David L. Chen 1 month ago
US producer prices rise 1.1% in May as energy costs jump
The producer price index beat expectations in May, with the annual wholesale inflation rate reaching its highest level since Novem...
By David L. Chen 1 month ago
Fed’s preferred core inflation gauge rises to 3.4% in May
The PCE report showed firmer inflation, resilient spending and stronger revised first-quarter growth, keeping attention on the Fed...
By David L. Chen 1 month agoCalculated Risk ends daily blog updates after 21 years
The economics and housing site will move macro coverage to a weekly newsletter while keeping real estate analysis as its main focu...
By Ingrid Halvorsen 1 month ago
ECB rate decision turns on energy shock and core inflation
Markets expect a 25-basis-point ECB rate increase as higher energy costs push euro zone inflation above target and test weak growt...
By David L. Chen 1 month ago
Warsh holds Fed rates steady as projections tilt toward a hike
The Fed kept rates at 3.5% to 3.75%, while officials’ projections and Warsh’s inflation language pushed markets to reassess the po...
By David L. Chen 1 month ago
US hiring slows to 57,000 jobs in June as labor supply shrinks
Payroll growth missed expectations, while a drop in labor force participation helped pull the jobless rate down to 4.2%.
By Ingrid Halvorsen 1 month ago
Shift workers report stronger job sentiment in Deputy survey
Deputy said 78.9% of shift workers felt positive after their shifts, while unhappy responses fell to a four-year low of 5.9%.
By David L. Chen 1 month ago