The U.S. economy is experiencing a slowdown, but it still retains some momentum, according to former Treasury Secretary Robert Rubin. Speaking at the Bund Summit in Shanghai on Thursday, Rubin stated that the U.S. Federal Reserve’s current actions are appropriate for the situation. However, he cautioned that former President Donald Trump presents several risks to […]

Oil prices rebounded slightly after reaching multi-month lows, as expectations grew that major producers might delay a planned output increase for the upcoming month, and U.S. oil inventories showed a decline. However, gains were limited due to ongoing concerns about weak demand. Brent crude futures for November rose by 15 cents, or 0.1%, to $72.85

The White House is reportedly nearing an announcement that President Joe Biden will block Nippon Steel’s acquisition of U.S. Steel due to national security concerns, according to two sources familiar with the situation. The $14.9 billion deal, which has faced increasing bipartisan opposition, could potentially be halted later this week. U.S. Steel had previously warned

  Global property markets, shaken by the steepest interest rate hikes in a generation, are unlikely to see significant relief from the gradual easing of borrowing costs. There’s little hope of returning to the era of easy money that fueled a property boom. The multi-trillion-dollar industry, which flourished in the decade after the global financial

The U.S. dollar slipped on Thursday as traders increased their bets on a significant rate cut from the Federal Reserve later this month. The Japanese yen outperformed, benefiting from safe-haven demand as concerns over the U.S. economy’s growth outlook re-emerged. Global markets have been on edge, with stocks taking a hit after weaker-than-expected U.S. data

Asian share markets attempted a rebound on Thursday following a sharp sell-off earlier in the week, while a rally in U.S. Treasuries weakened the dollar and strengthened the yen, as concerns about the U.S. economy increased the likelihood of significant interest rate cuts by the Federal Reserve. Oil prices held steady in early trading after