• September 4, 2024

Turkey seeks to join the BRICS bloc of emerging economies, a Kremlin official says

MOSCOW (AP) — NATO member Turkey has applied for membership in the BRICS bloc of developing economies , a senior Kremlin official said Wednesday, as Russia and China seek to counter the West's glo...

Read More

• September 4, 2024

US Mortgage Rates Continue to Ease on Expectations of Fed Move

(Bloomberg) -- US mortgage rates fell last week to their lowest level since April 2023, prompting potential homebuyers to apply for loans at a faster clip. The contract rate on a 30-year fixed mo...

Read More

• September 4, 2024

OPEC+ Discusses Possible Delay to Oil Output Hike, Delegates Say

(Bloomberg) -- OPEC+ is discussing a possible delay to an oil output increase planned for October, delegates said, after prices crashed to the lowest since last year. The group led by Saudi Arabi...

Read More

• September 4, 2024

Goldman Sachs sees biggest boost to US economy from Harris win

LONDON (Reuters) - U.S. economic growth would likely get the biggest boost in the coming two years from the Democrats, headed by Kamala Harris, winning the White House and Congress in this November'...

Read More

• September 4, 2024

Australia economy stuck in slow lane, household spending drags

By Stella Qiu SYDNEY (Reuters) - Australia's economy stayed stuck in the slow lane in the June quarter as stiff borrowing costs and stubborn inflation squeezed consumers, leaving government spend...

Read More

• September 4, 2024

Raise taxes on the rich or cut them? Harris, Trump differ on how to boost the US economy

WASHINGTON (AP) — Donald Trump is betting that Americans crave trillions of dollars in tax cuts — and that growth will be so fantastic that it's not worth worrying about budget deficits. In sho...

Read More

• September 3, 2024

Australia’s Economy Stays Subdued as Consumers Cut Spending

(Bloomberg) -- Australia’s economic weakness persisted in the three months through June as consumers hunkered down in the face of elevated borrowing costs and stubbornly sticky inflation. Gross d...

Read More

• September 3, 2024

Economic headwinds, light shipments weigh on ArcBest in August

Lower shipment weights and the loss of some project freight won in the early days of Yellow Corp.’s wind-down a year ago weighed on metrics at ArcBest’s asset-based unit...

Read More

• September 3, 2024

Benchmark diesel price drops a little; oil futures markets drop a lot

Oil markets are in the middle of a major downward rout, and the weekly retail diesel benchmark price used for most fuel surcharges is having trouble keeping up with the ...

Read More

• September 3, 2024

Brazilian Oil Giant Petrobras Taps Global Markets for Dollar Bond Sale

(Bloomberg) -- Brazil’s state-controlled oil producer Petroleo Brasileiro SA tapped global bond markets to borrow $1 billion, joining a wave of sales by other emerging-market companies and governmen...

Read More