Global Economy

Brent crude rose above $91 a barrel, after settling at its highest level since late July, while West Texas Intermediate traded near $85.

The additional penalties would apply even to goods that are eligible for preferential treatment under the US-Mexico-Canada Agreement.

German companies' direct investment in the US fell nearly two-thirds from a year earlier to "4.3 billion ($5 billion) in the January-June period.

The oil in the Strategic Petroleum Reserve (SPR) is stored at 60 salt caverns thousands of feet underground at four major sites along the Gulf Coast in Louisiana and Texas.

Iran-Oman talks over the Strait of Hormuz continue as Israel’s Lebanon strikes kill 11. Qatar denies holding Iranian pilots, while US naval deployments and an oil spill add to growing regional tensions.

De la Espriella wrote in a post on X that he made the request "in order to give some relief to our business owners, who are facing very difficult times due to the effects of the earthquake."

While the Trump administration hasn't said what it's planning to do, there are still pressure points that Bessent's Treasury Department could hit.

Amazon reinstates an arbitration clause in its user agreement to limit class-action lawsuits and promote dispute resolution outside courts.

Harvard Management disclosed a $2.2 billion stake in SpaceX, highlighting its significant investment in the company amid a $57 billion endowment.

According to the CME FedWatch tool, the odds of a rate hike in September has slipped to 30.6%, whereas over 69% of the market is pricing in another hold.

Russian crude gains favour as Indian refiners seek heavier grades amid higher shipping costs and geopolitical disruptions.

Initial claims increased by 9,000 to 209,000 in the week ended Aug. 8, according to Labor Department data released Thursday.

The US producer price index rose 4.7% from July 2025 after a 5.5% annual increase in June.

More than 40 major US companies have disclosed $9.6 billion in tariff refunds, with Apple, Nike and Amazon among the biggest beneficiaries.

The increase in CPI was led by food inflation, which rose to 5.2% in line with expectations. On a month-on-month basis, headline inflation increased 0.9%, with food prices rising 2%, while fuel prices declined.

AI sales will make up about 10% of Cisco's projected total revenue of $72.2 billion to $73.4 billion in fiscal 2027, according to a company statement issued Wednesday.

Due to Ukrainian drone assaults on major refineries west of the Urals mountains, Russian oil refining remained near a 20-year low in July at 3.9 million barrels per day.

Overall, consumer prices rose 0.1% from the prior month and 3.4% from a year earlier.

US credit card debt climbed to nearly $1.26 trillion in Q2, while a rise in late payments shows that more households are struggling to manage their debt.

Libya's oil earnings surge as Hormuz disruption lifts crude prices, offering a windfall to the war-torn economy.