Iran war has cost the U.S. $38 billion and is running at $3 billion a month, CBO says
The Congressional Budget Office says the war between the United States and Iran has cost $38 billion through August 1…
World News
Global economic and financial news — Federal Reserve decisions, geopolitical events, trade policy and macroeconomic data that move financial markets worldwide.
Federal Reserve raises rates 25 basis points to 3.75%-4.00%, first hike since 2023
The Federal Reserve raised the federal funds rate 25 basis points to 3.75%-4.00% on September 16, 2026, its first hike…
Global bond yields surge to multi-year highs as Bessent cites “global issues”
The US 10-year Treasury yield hit its highest level since 2007 on Tuesday, but bonds sold off even harder in…
Saudi Crown Prince Visits Egypt as Houthi Attacks on Kingdom Intensify
Houthi missile and drone attacks wounded 13 people in Saudi Arabia this week, forcing the kingdom to shut a key…
Venezuela’s national assembly blocks bill to formally dollarize the economy
Venezuela's national assembly blocked a bill to formally dollarize the economy on constitutional grounds, even though the US dollar already…
