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News
Unexpected July Deficit Tightens UK Fiscal Outlook
1+ hour, 17+ min ago (468+ words) Britain's public finances slipped into the red in July, a surprise result that underscores the fragile state of the country's fiscal position as the Chancellor prepares his first budget. On Friday, the Office for National Statistics reported a £1.8 billion deficit,…...
30-Year Treasury Yield Stays Near 5.2% as Buyback Fails
1+ hour, 20+ min ago (246+ words) The 30-year Treasury yield remains near 5.2% despite the federal government's bond-buying plan. Bank of America strategist Michael Hartnett said, "Panic-driven policy can't drag the 30-year yield below 5%." The S&P 500 has fallen 1.9% since Monday. Semiconductor funds have seen $6.3 billion in…...
UK Services PMI Beats Forecasts, Growth Ahead
1+ hour, 17+ min ago (551+ words) The latest S&P Global survey shows the UK private sector expanding at a solid clip, powered by sunny weather and a services industry that will not quit. The numbers landed well ahead of what economists had braced for, and…...
Long-Term Rates Climb Despite Treasury Buyback
1+ day, 1+ hour ago (545+ words) Long-term bond yields rose again on Friday as investors kept worrying about the national debt and whether the Treasury Department's extended debt repurchase program can do enough to calm markets. The shorter-dated 2-year Treasury note yield also moved higher, rising…...
Russia's Gold Reserves Hit Lowest Since 2020
2+ day, 2+ hour ago (424+ words) Russia's gold reserves are shrinking, and the central bank is selling. As of Aug. 1, the country's bullion stockpile had slipped to 73.2 million ounces, a drop of 1.6 million ounces from the beginning of the year. The central bank released the data…...
SA Sets 3% Growth Target to Tackle Unemployment
2+ day, 2+ hour ago (600+ words) On August 20, 2026, Finance Minister Enoch Godongwana stood in Johannesburg and laid out a number that South Africa cannot afford to miss: 3%. That is the minimum annual economic growth the country needs by 2030 to stop unemployment from getting worse. "When we…...
Kakao Mobility Eyes US Listing via ADRs
2+ day, 2+ hour ago (585+ words) In South Korea's ride-hailing market, Kakao Mobility holds the leading position, and it may soon be selling shares to American investors. On July 2, the company quietly took the initial step toward a US listing by sending the Securities and Exchange…...
Shoppers Still Spend but Search for Savings
2+ day, 6+ hour ago (491+ words) On August 20, 2026, Walmart told investors that customers are still spending steadily, but their priority is finding lower prices. During the quarter, Walmart cut prices on more than 11,000 items, nearly twice the usual number of price changes in a three-month period....
Mortgage Rates Dip Slightly, But Affordability Remains Heavy
2+ day, 40+ min ago (761+ words) The average 30-year fixed mortgage rate slipped to 6.65% this week, according to Freddie Mac's data released Thursday. That is down from 6.67% last week, marking the second consecutive weekly decline. A year ago, the average was 6.58%. The minor decline reflects a…...
Canada Fears US Trade Deal Could Control Its Tech Rules
2+ day, 40+ min ago (660+ words) When the U.S. Trade Representative raised the idea of "digital trade alignment" in negotiations with the government led by Prime Minister Mark Carney, it stirred fears that Canada could lose the power to make its own rules for technology companies. In…...