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News
Fed Rate Hike Would Be to Appease Wall Street, Critics Say
19+ hour, 42+ min ago (229+ words) The odds of another Federal Reserve interest-rate increase have risen sharply, drawing criticism that any move this month would be aimed more at appeasing financial markets than responding to inflation. Goldman Sachs revised its forecast and now expects the Fed…...
Iran, Gulf States Delay Oman Talks on Strait of Hormuz Shipping; No New Date Set
21+ hour, 42+ min ago (99+ words) Iran and Gulf states have delayed talks in Oman that were set to address shipping through the Strait of Hormuz. Walter Bloomberg reported on September 13, citing Omani Foreign Minister Badr Albusaidi, that the meeting originally scheduled for September 14 had been…...
US Energy Secretary Urges Caution on Hopes for Quick Iran Hormuz Talks
23+ hour, 39+ min ago (197+ words) U.S. Energy Secretary Chris Wright said markets should be cautious about expectations that **Strait of Hormuz talks** with Iran will be concluded quickly. Wright said about **10 million barrels** of **crude oil** a day are being supplied through alternative shipping routes, leaving…...
Trump’s Clout Seen Holding After US Midterms; South Korea Urged to Speak Up
3+ day, 14+ hour ago (439+ words) "Donald Trump’s power will not suddenly evaporate after the midterm elections," Hyunjung Jeh, a senior fellow at the Korea Economic Institute of America, said at the seminar. South Korea should prepare for a Trump presidency that could use tariffs and…...
Iran Directly Targets US Warships, Raising Risk of Wider Hormuz Escalation
3+ day, 16+ hour ago (274+ words) Iran has repeatedly launched missile attacks directly at US warships, including a US aircraft carrier, sharply raising the risk of an expanded US-Iran war. The strategy appears aimed at breaking the stalemate by increasing Washington’s military costs in the Strait…...
US Weekly Jobless Claims at 206,000, Slightly Above Forecast
4+ day, 4+ hour ago (172+ words) The U.S. Labor Department said **initial jobless claims** totaled 206,000 last week, **1,000 above forecasts**. Last week’s **continuing jobless claims** came in at 1.774 million, below both the prior week’s revised figure and the **market forecast**. **Initial jobless claims** are an **indicator** that can…...
Peter Schiff Says Trump Promised $5,000 for Every US Adult if Republicans Win Midterms, Calls It Vote-Buying
4+ day, 1+ hour ago (192+ words) Economist **Peter Schiff** criticized President Trump for allegedly promising **$5,000 per person** to American adults if Republicans win the midterm elections. Schiff said Trump's **cash-payment pledge** was an attempt to win voters' support. He said Trump's plan to give **$5,000** to every…...
Polymarket Names First CFO in Push to Catch Kalshi, Accelerate Fundraising
4+ day, 5+ hour ago (171+ words) Polymarket, the global prediction-market platform, has appointed its first chief financial officer to oversee the company’s finances. Bloomberg reported on September 10 that Polymarket had hired Warren Jenson as its new CFO. He began the role this week. Jenson previously held…...
Trump Says He’ll Give Every US Adult $5,000 if Republicans Win Midterms
4+ day, 6+ hour ago (278+ words) President Donald Trump said he would give every adult in the US $5,000 if Republicans win the November midterm elections. But the proposal appears unlikely to be implemented because of questions about its legal basis. Trump made the pledge in a…...
Trump Aides Say Iran War Could Last Through End of His Term
4+ day, 8+ hour ago (302+ words) Reports said the **war** between the US and Iran could continue until early 2029, near the end of President Trump’s term. Views are emerging that **commodity prices** will remain strong unless a global recession hits. The US Defense Department and Iran’s…...