Breaking News, Business, Financial and Economic News, World News from EconoTimes

Become a contributor

Bookmark Econotimes

Commentary

Mon, Aug 17, 2026 04:02 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

U.S. consumer credit growth decelerates in June, nonrevolving credit growth to slow in near future

Aug 07, 2017 22:10 pm UTC| Commentary

U.S. consumer credit growth decelerates at the end of the second quarter. Consumer credit grew USD 12.4 billion in June, as compared with consensus expectations of a rise of USD 15.54 billion. Nonrevolving credit growth...

U.S. financials sector posts sharp growth in July

Aug 07, 2017 18:47 pm UTC| Commentary

The U.S. financials sector recorded ongoing sharp growth in July, showed the latest U.S. Sector PMI from IHS Markit Business activity at financial services companies rising at the second-fastest rate since November 2016...

New Zealand’s inflation expectations drop in Q3, shows RBNZ survey

Aug 07, 2017 16:58 pm UTC| Commentary Economy

The Reserve Bank of New Zealands near-term inflation expectations survey dropped in the third quarter. The survey questions respondents what they think inflation would be in two years time. The survey showed that the...

Commodities snapshot (precious & industrial)

Aug 07, 2017 12:41 pm UTC| Commentary

The metal pack is down today. Performance this week at a glance in chart table - Gold: Gold is declining sharply after a failure to break key resistance line. Todays range $1260-1255 In the short-term price is...

Commodities snapshot (energy)

Aug 07, 2017 12:37 pm UTC| Commentary

Energy pack is down in todays trading. Weekly performance at a glance in chart table, Oil (WTI) Oil is down on reports that OPEC supplies on the rise despite Saudi Arabias pledge to reduce exports. Todays range...

Currency snapshot (commodity pairs)

Aug 07, 2017 12:07 pm UTC| Commentary

Dollar index trading at 93.41 (+0.00%) Strength meter (today so far) Aussie -0.12%, Kiwi -0.50%, Loonie -0.53% Strength meter (since last week) Aussie -0.12%, Kiwi -0.50%, Loonie -0.53% AUD/USD Trading at...

Currency snapshot (major pairs)

Aug 07, 2017 12:01 pm UTC| Commentary

Dollar index trading at 93.13 (+0.36%) Strength meter (today so far) Euro +0.23%, Franc -0.08%, Yen -0.18%, GBP +0.16% Strength meter (since last week) Euro +0.23%, Franc -0.08%, Yen -0.18%, GBP +0.16% EUR/USD...

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000

Economy

Gold Prices Rise as Weak US Data and Hormuz Risks Boost Safe-Haven Demand

Gold prices climbed on Monday as investors weighed weaker U.S. economic data against geopolitical tensions surrounding the Strait of Hormuz, while awaiting the Federal Reserves July meeting minutes for fresh signals on...

US Stock Futures Steady as Cooling Inflation and Strong Earnings Support Markets

U.S. stock futures traded near the flatline during Asian hours on Sunday, with Wall Street sentiment supported by softer inflation data and a strong corporate earnings season following a third consecutive week of gains for...

Asian Stocks Steady as Iran War Keeps Oil Prices and Inflation Risks Elevated

Asian stocks traded mostly flat on Monday as investors monitored rising oil prices and persistent geopolitical tensions surrounding the Iran war and the Strait of Hormuz. Prospects for peace talks remain limited, while oil...

Morgan Stanley Sees Fed Holding Rates as U.S. Inflation Cools

U.S. inflation showed further signs of easing in July, strengthening expectations that the Federal Reserve could keep interest rates unchanged through the end of the year. Morgan Stanley believes the latest inflation data...

Oil Prices Steady as Strait of Hormuz Traffic Slows Amid US-Iran Conflict

Oil prices were little changed in early Monday trading as shipping activity through the Strait of Hormuz slowed sharply over the weekend, while the ongoing conflict between the United States and Iran showed no signs of...

Politics

Russia-Ukraine Drone Attacks Escalate as Strikes Hit Moscow, Kyiv and Romania

Russia and Ukraine exchanged major missile and drone attacks overnight, leaving several people dead and damaging industrial and commercial facilities as the war continues to intensify. Russian forces struck ArcelorMittal...

US CENTCOM Chief Praises USS Abraham Lincoln Crew Amid Mental Health Concerns

U.S. Central Command chief Admiral Brad Cooper praised the crew of the USS Abraham Lincoln following a recent visit to the aircraft carrier, describing their performance and resilience as awe-inspiring amid growing...

Lula Targets Brazil’s Gig Workers as Reelection Battle Takes Shape

Brazilian President Luiz Inácio Lula da Silva launched his final reelection campaign on Sunday in Sao Bernardo do Campo, returning to the stadium where his rise as a labor leader began nearly five decades ago....

Trump Envoys Hold Gaza Peace Talks in Cairo as Israeli Strikes Continue

U.S. President Donald Trumps envoys held talks with Egyptian, Qatari and Turkish mediators in Cairo on Sunday as diplomatic efforts intensified to advance Washingtons Gaza peace plan while Israeli airstrikes continued...

Migrants in Spain’s Ceuta Protest for Asylum, Refuse Return to Morocco

Hundreds of migrants in Spains North African enclave of Ceuta gathered on a popular urban beach on Sunday, calling on Spanish authorities to grant them asylum rather than return them to Morocco. The protesters are among an...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

Alibaba Sells Lingxi Games for Over $1.5 Billion Amid AI Push

Alibaba Group is reportedly selling its gaming subsidiary Lingxi Games in a transaction that could value the Chinese video game studio at more than $1.5 billion, as the technology giant redirects resources toward...

Nvidia’s $500 Billion AI Infrastructure Push Wins Morgan Stanley Support

Nvidia is doubling down on the artificial intelligence infrastructure boom with a plan to help mobilize as much as $500 billion in third-party capital, drawing participation from major financial firms including Apollo,...

Alphabet Shifts AI Strategy Toward Commercial Growth, Goldman Sachs Says

Alphabet is increasingly shifting its artificial intelligence strategy toward commercialization, scale and long-term revenue growth, according to Goldman Sachs analysts. The investment bank said recent management changes,...

Nvidia Eyes $3 Billion Investment in SoftBank-Backed AI Data Center

Nvidia is reportedly in discussions to invest up to $3 billion in SB Energy, a SoftBank Group-backed company developing a major AI data center campus in Ohio for OpenAI. According to a report by The Information, the...

U.S. Pressures Nations to Choose Sides in AI Race

The United States is preparing to pressure dozens of countries to choose between joining a U.S.-led artificial intelligence alliance or supporting Chinas competing AI framework, according to a U.S. official and an internal...