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Australian budget seeks to balance bold reform with inflation restraint
2+ hour, 14+ min ago (554+ words) SYDNEY, May 12 (Reuters) " Australia is set to deliver a narrower than previously flagged budget deficit on Tuesday as the government banks commodity-driven revenue windfalls, while seeking to bring forward politically sensitive reforms without stoking inflation. Figures from Treasury showed budget…...
Iran Food Prices |
1+ hour, 41+ min ago (131+ words) Iran Food Prices galvnews. com Private equity firm forecloses on iconic Galveston hotel, plans extensive renovations Fresh apples are seen at a grocery store Monday, May 11, 2026, in Nashville, Tenn. - Port of Galveston facility security officer charged in child indecency case…...
US Dollar Coiling, USD/JPY Eyes Resistance Heading into US CPI
14+ hour, 54+ min ago (561+ words) The US dollar is holding within a tight range ahead of today's US CPI report, as traders assess whether elevated oil prices linked to the Iran conflict continue to fuel inflationary pressures. While the broader bearish USD thesis remains intact…...
UK consumers cut spending for first time since late 2024, Barclays card data shows
1+ hour, 39+ min ago (33+ words) Trading View UK consumers cut spending for first time since late 2024, Barclays card data shows More news from Reuters...
Jobs report showed hiring slowed, but exceeded expectations " WGAU
3+ day, 5+ hour ago (630+ words) (NEW YORK) -- Hiring slowed in April as a rise in fuel prices hammered shoppers weeks into the war with Iran, U. S. government data on Friday showed. The U. S. added 115, 000 jobs in April, according to the report, which marked a cooldown from 178, 000 jobs…...
Japan March household spending falls 2. 9% year/year
1+ hour, 2+ min ago (120+ words) TOKYO, May 12 (Reuters) " Japanese household spending fell more than expected "in March from "a year earlier, government data showed on Tuesday, extending declines to a "fourth "straight month. " "Consumer spending fell "2. 9% year-on-year, internal affairs ministry data showed, compared with the…...
US home sales flat in April as lackluster spring homebuying season lurches forward
4+ hour, 48+ min ago (658+ words) Sales of previously occupied U. S. homes were essentially flat in April, another lackluster showingfor the housing market during what's traditionally its busiest time of the year. Existing home sales edged up 0. 2% last month from March to a seasonally adjusted annual rate…...
BTC, ETH, XRP Rally Slows, Bo E Flags US Stablecoin Risks
10+ hour, 56+ min ago (405+ words) Bitcoin (BTC), Ethereum (ETH), and XRP momentum slowed in the early trading hours on Monday, amid the latest Bank of England (Bo E) warning and amid the US targeting stablecoin regulation. BTC is hovering around $81k, ETH trades at $2, 329, and XRP price…...
BOJ 'Summary" - Japan rate hike back on table as BOJ signals next move still likely upward
41+ min ago (310+ words) The Bank of Japan held rates at its April meeting but warned upside inflation risks are rising as crude oil prices surge, with several members flagging possible hikes as soon as the next meeting. The Bank of Japan held its…...
Jeff Snyder's Eurodollar System Breakdown: What's Failing in 2026
5+ hour, 29+ min ago (1153+ words) BY MUFLIH HIDAYAT ON MAY 12, 2026 To understand Jeff Snider's framework, it helps to start with a question most economists avoid: what is the dollar, really? The common assumption is that the Federal Reserve controls the dollar supply by printing money…...