Browsing: Business

The US dollar has hit a 17-month high, reaching a benchmark index level of 102.08 and achieving its third consecutive weekly increase. This bullish trend was driven by a significant sell-off in the global bond market, which pushed the yield

– Next week, the U.S. Treasury Department has planned a series of three debt auctions totaling $119 billion. The schedule kicks off on Oct. 6 with a sale of $58 billion in three-year notes. On Oct. 7, Treasury will auction

– The U.S. Bureau of Economic Analysis revised its second-quarter 2026 GDP estimate to a 2.2% annual growth rate, up from the previously reported 1.5%. This update reflects economic activity from April through June. Additionally, officials increased the first-quarter growth

– U.S. consumer confidence experienced a sharp decline in September, reaching its lowest point since April 2014. The Conference Board announced that its Consumer Confidence Index dropped 6.7 points to 81.9. Meanwhile, the August figure was revised downward to 88.6.

Colombia has obtained $200 million in emergency funding from the World Bank Group to support urgent infrastructure repairs and disaster recovery initiatives following recent seismic events. This additional credit expands the country’s disaster risk financing mechanisms, allowing municipal governments to

– According to the International Monetary Fund, artificial intelligence is increasingly impacting key aspects of the economy, including growth, investment, and labor markets. The IMF reports that AI-related technology expenditures contributed approximately 0.5 percentage points to the U.S. GDP growth

– Oil prices saw an upward movement after experiencing a four-session slide, with crude benchmarks recovering some of Monday’s losses. The decline on Monday saw Brent crude settle at its lowest point in nearly two weeks, ending at $100.34 a

India has issued a warning to Washington that proposed tariffs on nations importing Russian crude oil could adversely affect bilateral relations and disrupt the global commodity trade network. This warning was made in response to the approval of the Sanctioning

At the conclusion of their policy meeting, Federal Reserve policymakers decided to keep key benchmark interest rates unchanged, accompanying the decision with updated macroeconomic forecasts for domestic growth and inflation. The Federal Open Market Committee evaluated ongoing consumer price pressures

– U.S. stocks finished lower on Wednesday after the Federal Reserve increased its benchmark interest rate by 25 basis points. This decision pushed the federal funds target range to 3.75% to 4.00%. The Dow Jones Industrial Average decreased by 631.21