President Vladimir Putin said he is willing to discuss ending Russia's war in Ukraine, despite rejecting changes sought by Kyiv and Europe to the U.S. peace plan drafted with Moscow. Putin said he has "practically agreed" to the proposals to end the war outlined in summit talks with U.S. President Donald Trump in Alaska in August. "To say that we reject something is simply incorrect and has no basis in fact," he said Friday at his annual televised press conference in Moscow. "This issue is entirely on the side of our Western opponents, so to speak, primarily the leaders" of Ukraine and...
The U.S. Department of Commerce issued affirmative determinations of anti-dumping and countervailing duties against 10 countries on Tuesday after investigations into corrosion-resistant steel products. The determinations cover $2.9 billion in imports from Australia, Brazil, Canada, Mexico, the Netherlands, South Africa, Taiwan, Turkey, the United Arab Emirates and Vietnam, the Commerce Department said in a statement. "Commerce made its final determinations that imports of CORE into the United States from ten trading partners were being dumped and/or subsidized," the department...
U.S. Treasury Secretary Scott Bessent said on Tuesday that customs duty revenues from President Donald Trump's tariffs may top $500 billion a year, with a substantial jump from July to August and likely a bigger jump in September. Bessent told a White House Cabinet meeting that his prior estimate of a $300 billion annual tariff collection rate was too low. "We had a substantial jump from July to August, and I think we're going to see a bigger jump from August to September," Bessent said. "So I think we could be on our way well over half a trillion, maybe towards a trillion-dollar number....
The Conference Board's measure of consumer confidence fell to 97.4 in August from 98.7 in July, compared with a larger decrease expected to a reading of 96.5 in a survey compiled by Bloomberg as of 7:30 am ET. The present situation reading decreased to 131.2 from 132.8, while the expectations reading decreased to 74.8 from 76.0. The current assessment of business conditions improved in August while the assessment of labor market conditions was more negative. "Notably, consumers' appraisal of current job availability declined for the eighth consecutive month, but stronger views of current...
The latest report on Durable Goods Orders has been released, revealing a decline of 2.8%. This metric measures the change in the total value of new orders for long-lasting manufactured goods, including transportation items. It serves as a crucial indicator of the health of the manufacturing sector and the overall economy. The actual decline of 2.8% is less severe than the forecasted drop of 3.8%. This smaller-than-expected decrease is a positive sign for the U.S. dollar (USD), as Durable Goods Orders are a key factor in the valuation of the currency. A higher than expected reading is...
Global investors were stunned on Tuesday (August 26th) after US President Donald Trump renewed his attacks on the Federal Reserve's independence, caught between concerns over the politicization of policy and market benefits. Trump's announcement that he was firing Fed Chair Lisa Cook caught markets by surprise, even though he had made it clear last week that Cook was a target and had been attacking Chairman Jerome Powell for months as part of his campaign to push the Fed to cut interest rates. "This is another rift in the fabric of the United States and its investability," said Kyle Rodda,...
Asian stock markets fell in unison on Thursday, following Wall Street's decline. A brief rally in tech stocks led by Nvidia quickly faded, prompting investors to turn away from riskier assets like...
Pasangan mata uang EUR/USD mengawali pekan ini dengan nada sedikit melemah di sesi Asia, diperdagangkan di sekitar 1,1730, turun kurang dari 0,10% dalam sehari. Meski terkoreksi, euro masih berada...
President Vladimir Putin said he is willing to discuss ending Russia's war in Ukraine, despite rejecting changes sought by Kyiv and Europe to the U.S. peace plan drafted with Moscow.
Putin said he...