Global oil markets are on track for a record surplus next year as demand growth slows and supplies swell, the International Energy Agency said.

A largely benign US inflation report is bolstering the case for traders betting that the Federal Reserve will soon cut interest rates, with some seeing an increased possibility of an outsize reduction.

Stocks climbed to a record after an in-line US inflation reading bolstered speculation the Federal Reserve will have room to cut rates in September.

US tariff revenue reached a fresh monthly record in July, though the increase wasn’t enough to prevent a widening in the monthly budget deficit — pointing to the federal government’s continuing fiscal challenges.

Treasury Secretary Scott Bessent suggested that the Federal Reserve ought to be open to a bigger, 50 basis-point cut in the benchmark interest rate next month, after having skipped a move at the last meeting.

Euro-zone borrowing costs are appropriate for the continuing trade headwinds, allowing the European Central Bank to respond to further shocks as needed, according to Governing Council member Joachim Nagel.

Growing worries that artificial intelligence tools could soon disrupt the world’s biggest software businesses are sparking a selloff across the sector.

President Donald Trump is extending a tariff truce with China for another 90 days, stabilizing trade ties between the world’s two largest economies.

US CPI Report July 2025: Live News on Inflation, Consumer Price Index

Nvidia Corp. and Advanced Micro Devices Inc. agreed to pay 15% of their revenues from chip sales to China to the US government as part of a deal with the Trump administration to secure export licenses, the Financial Times reported Sunday.

Recurring applications for unemployment benefits surged to the highest since November 2021, adding to recent signs that the labor market is weakening.

For European Central Bank officials marking the achievement of price stability within the euro zone, there’s a caveat: inflation at 2% is all a bit relative.

Presidents Vladimir Putin and Donald Trump will meet for summit talks within the next few days, the Kremlin said Thursday.

President Donald Trump’s sweeping new tariffs officially took hold Thursday, as he barrels forward with his turbulent push to reshape global trade.

Donald Trump said he would impose a 100% tariff on imports that include semiconductors, though would exempt companies moving production back to the United States, as Apple Inc. CEO Tim Cook and the president announced a fresh $100 billion investment plan from the Oval Office.

US President Donald Trump doubled tariffs on Indian goods to 50% as a penalty for its purchases of Russian oil, escalating a fight with a key Asian partner and sparking outrage in New Delhi.

President Donald Trump told European allies he’s planning to meet with Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskiy as soon as next week in another bid to bring peace between the two countries.

President Donald Trump plans to announce that Apple Inc. will commit to spending another $100 billion on domestic manufacturing, the latest pledge by the tech giant to increase US production of its products as it seeks to avoid punishing tariffs on its flagship iPhones.

Simon Michel couldn’t take the risk of waiting any longer.

Federal Reserve Bank of Minneapolis President Neel Kashkari said a slowing of the US economy may make an interest-rate cut appropriate in the near term, and he still sees two cuts by year’s end.

The US is exploring ways to equip chips with better location-tracking capabilities, a senior official said, underscoring Washington’s effort to curtail the flow of semiconductors made by the likes of Nvidia Corp. to China.

The Kremlin is weighing options for a concession to US President Donald Trump that could include an air truce with Ukraine to try to head off the threat of secondary sanctions, even as Russia remains determined to continue its war.

Tesla Inc. continues to post steep sales declines in Europe’s biggest electric vehicle markets, where the Elon Musk-led automaker is ceding significant share to China’s BYD Co.

President Donald Trump said that US tariffs on semiconductor and pharmaceutical imports would be announced “within the next week or so,” as the administration prepares to target key economic sectors in its effort to remake global trade.

Asian stocks were mostly set to follow Wall Street higher after a fresh wave of dip buying drove the S&P 500’s biggest rally since May.

President Donald Trump said Treasury Secretary Scott Bessent told him he didn’t want to be nominated to replace Jerome Powell as the next chair of the Federal Reserve.

President Donald Trump’s expanded reciprocal tariffs will not apply to any products loaded onto a vessel for transport into the US before 12:01 a.m. New York time on Thursday, according to guidance issued by US Customs and Border Protection.

A chorus of stock market prognosticators at some of Wall Street’s biggest firms is warning clients to prepare for a pullback as sky-high equity valuations slam into souring economic data.

Germany has received the go-ahead from the European Union for more than half of its planned gas-plant expansion, and remains in “advanced talks” regarding the rest, economy minister Katherina Reiche said.