Federal Reserve Governor Adriana Kugler stated on Tuesday that recent data indicates inflation will continue to decline toward the U.S. central bank’s 2% target. She cited a faster reduction in price pressures in recent months, moderation in wage growth, and an emerging balance between the demand for workers and the number of job seekers. […]

  The dollar rose on Tuesday, marking its second consecutive daily gain, after retail sales data exceeded expectations. Although the data was firmer than anticipated, it remained soft enough to maintain expectations for a Federal Reserve rate cut this year. U.S. retail sales were flat in June, surpassing the expectations of economists polled by Reuters,

  Global stock indexes mostly remained positive, and the U.S. dollar held its gains on Tuesday following strong U.S. retail sales data, which signaled resilience in the economy. Retail sales data showed no change in June from May, with May’s figures being higher than initially estimated. The strength of the economy, as indicated by these

  Rocket company SpaceX will relocate its headquarters from California to Starbase, Texas, CEO Elon Musk announced on Tuesday in a post on X. Musk cited California’s new bill banning school transgender notification policies as a key reason for the move, referring to it as the “last straw.” “Because of this law and the many

Oil prices settled over 1% lower on Tuesday, marking the third consecutive day of losses, as concerns over a slowing Chinese economy weighed on demand. However, declines were limited by growing consensus that the U.S. Federal Reserve could start cutting its key interest rate as early as September. Brent futures closed down $1.12, or 1.3%,