Business

US-Mexico Relations Strain as Cartel Politics Heat Up Before Elections

Tensions are escalating between the United States and Mexico as both nations navigate the political landscape ahead of crucial elections. The Trump administration has intensified its focus on Mexico, pressing the country to take stronger action against drug trafficking and corruption, including alleged ties between organized crime and public officials. President Donald Trump has publicly criticized Mexico for not sufficiently addressing the illegal drug trade...

Saudi Arabia Secures Approval for $24.3 Billion F-35 Purchase from US

The United States has sanctioned a potential $24.3 billion arms deal with Saudi Arabia for the purchase of 48 F-35 stealth fighter jets, marking a significant step in military cooperation between the two nations. This sale, however, still awaits the approval of the US Congress. The US State Department emphasized that the transaction would bolster Saudi Arabia's defensive capabilities and enhance its ability to deter...

Federal Reserve Increases Interest Rates, Marking First Rise Since 2023

The US Federal Reserve has increased its benchmark interest rate by 0.25 percentage points to a range of 3.75% to 4%, marking the first...

Oil Price Spike Drives US 10-Year Treasury Yield to 5%

The cost of borrowing for the US government has reached a significant milestone, with 10-year Treasury bond yields hitting 5% for the first time...

Trump to Eliminate 10% Tariff on Irish Whiskey

President Donald Trump has announced his intention to eliminate the 10% tariff on Irish whiskey imported into the United States, a decision that could...

Canada Imposes New Tariffs, Intensifying Trade Dispute With U.S.

The trade tensions between Canada and the United States have intensified as Canada announced new retaliatory tariffs on American goods, amounting to approximately $20...

U.S. Economy Gains 162,000 Jobs in August; Unemployment Steady at 4.1%

The US labor market saw a modest rebound in August, with 162,000 jobs added, marking a recovery after a sluggish summer. Despite this improvement,...

US Tariffs on Malaysia Could Exceed 10%, Officials Warn.

Malaysia's current trade situation with the United States might not remain stable, according to industry expert Datuk Seri R. Jeyenderan. He cautions that the...

Breaking: Apple Awards Executive Chair Tim Cook $47 Million Package

Tim Cook has transitioned from his role as Apple’s chief executive to take on the position of executive chair, accompanied by a compensation package...

Japan’s Yen Strengthened by Bessent Support, Rate-Hike Speculations Increase

U.S. Treasury Secretary Scott Bessent has reaffirmed his backing for Japan's initiatives to bolster the yen, a stance that aligns with market expectations of...

Warsh’s Speech at Jackson Hole to Clarify US Interest Rate Direction

As investors keenly await US Federal Reserve Chair Kevin Warsh's speech at Jackson Hole, they are seeking insights into the future of interest rates,...

Breaking: US Secures New Oil Deal with Venezuela, Trump Confirms

US President Donald Trump has unveiled a new oil agreement with Venezuela, asserting that the United States will secure "majority" control over more than...

Breaking: August Sees Seven-Month Low in US Consumer Confidence

In August, consumer confidence in the United States took a dip, reflecting ongoing worries among Americans about high prices, especially those of gasoline and...

Druckenmiller Urges Bessent to Avoid US Bond Market Intervention

Prominent billionaire investor Stanley Druckenmiller has issued a cautionary note to US Treasury Secretary Scott Bessent regarding the government's strategy to manage long-term bond...