Financial News and Latest Market Stories
Financial news and source-based summaries covering forex, economics, crypto and corporate developments.
News / Hot Stories
Trump bought up to $25 million in Meta and millions in SpaceX debt in AugustRead story summary
President Donald Trump disclosed more than 500 securities transactions in August, including a purchase of up to $25 million in Meta stock and an investment of as much as $5 million in SpaceX debt two days before he signed a sweeping policy aimed at expanding U.S. commercial space transportation, according to a newly released financial disclosure. The 517 ...
VIEW SOURCE
US Unemployment Insurance Weekly ClaimsRead story summary
In the week ending October 3, the advance figure for seasonally adjusted initial claims was 197,000, a decrease of 2,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 197,000 to 199,000. The 4-week moving average was 198,000, a decrease of 2,500 from the previous week's revised average. The previous week's ...
VIEW SOURCE
US Treasury yields rise as Fed’s Waller says more hikes needed, investors await 30-year auctionRead story summary
U.S. Treasury yields climbed higher on Thursday ahead of a closely watched long-dated bond auction later. The benchmark 10-year Treasury yield was 4 basis points higher at 5.322%, after reaching its highest level since 2002 on Wednesday before retreating later in the day. The 30-year Treasury bond yield rose over 4 basis points to 5.705%, after trading just ...
VIEW SOURCE
Putin In Talks With Iran's Pezeshkian: Russia Is Ready To Undertake All Measures To End Iran ConflictRead story summary
Russia President Putin, In Talks With Irans Pezeshkian: Russia Is Ready To Undertake All Measures To End Iran Conflict
VIEW SOURCE
Trump: having productive discussions with Iran; We will not be attacking Iran at any time prior to the Midterm ElectionsRead story summary
We are having productive discussions with the Islamic Republic of Iran. I want to make it clear to everybody that, while Iran is in very bad condition, both Economically and Militarily, and while the Blockade will remain in full force and effect, with Oil flowing in Record Numbers of Barrels through the Hormuz Strait (22 Million Barrels, last night alone, with not one barrel coming from, or going to, Iran!), we will not be attacking Iran at any time prior to the Midterm Elections to be held in the United States on November 3rd. IRAN WILL NOT HAVE A NUCLEAR WEAPON! President DONALD J. TRUMP
VIEW SOURCE
Treasury: US Is Targeting The Remnants Of Iran's Shadow FleetRead story summary
*treasury: Us Is Targeting The Remnants Of Irans Shadow Fleet US Treasury Secretary Bessent: We will keep exposing those who enable Iran's oil sales Operation Economic Outcast Neutralizes Iranian Regime’s Remaining Shadow Fleet Network Today, as part of Operation Economic Outcast, the U.S. Department of the Treasury is targeting the remnants of Iran’s shadow fleet: the aging network of tankers the regime relies on to move billions of dollars’ worth of petroleum and petroleum products to foreign markets. Today’s action effectively neutralizes the vast majority of Iran’s remaining shadow fleet network. “Treasury is starving the tyrannical regime in Tehran of the money it uses to wage war in the region, and we will continue exposing those who enable the regime’s oil sales,” said Secretary of the Treasury Scott Bessent. “No enabler of Iranian sanctions evasion is safe from the full force of Treasury’s authorities.” With the success of the U.S. military’s blockade, dwindling Iranian oil shipments outside the blockage line, and intensifying economic pressure across sectors from Operation Economic Outcast, the regime is running out of options to stabilize Iran’s failing economy. OFAC is taking action against remaining shadow fleet vessels that are continuing to evade U.S. sanctions by transporting Iranian petroleum and petrochemicals. The vessels involved, registered across more than a dozen jurisdictions and operated by an intricate web of international front companies, underscore the global scale of Iran’s illicit shipping architecture and the sophistication with which the regime attempts to mask its sanctions evasion. By dismantling these maritime nodes and the companies behind them, Treasury is severing core channels the Iranian regime has long relied on to circumvent U.S. sanctions, sustain its petrochemical sector, and funnel resources to destabilizing actors. Because this illicit maritime ecosystem is fluid, with vessels routinely entering and ex
VIEW SOURCE
Iran's Araghchi Says Messages Are Being Exchanged Via MediatorsRead story summary
Iran's Araghchi Says Messages Are Being Exchanged Via Mediators Iran's Araghchi Says Currently Reviewing Us Proposal: Tasnim Tasnim: Tehran is still reviewing U.S. views on Iran's 7 days proposal and should respond within a few days, Aragchi says
VIEW SOURCE
Yemen's Houthis Say They Attacked Riyadh's King Khalid Airport With Two MissilesRead story summary
Yemen's Houthis Say They Attacked Riyadh's King Khalid Airport With Two Missiles
VIEW SOURCE
Fed's Musalem: Inflation is elevated and being driven by persistent demand pressures and supply shocksRead story summary
Fed's Musalem: Inflation is elevated and being driven by persistent demand pressures and supply shocks. Fed's Musalem: Rates ought to be going up in the next 6 to 9 months Fed's Musalem: The economy is pretty strong right now, best thing Fed can do is lower inflation Musalem says market inflation expectations remain anchored, sees no threat to Fed credibility
VIEW SOURCE
Blasts caused By tankers hitting mines In Strait Of Hormuz: FarsRead story summary
*blasts Caused By Tankers Hitting Mines In Strait Of Hormuz:fars According to a Fars News Agency security and defense reporter, citing reliable military sources, several powerful explosions occurred minutes ago in the southern part of the Strait of Hormuz. These explosions were caused by oil tankers that were violating regulations and struck mines deployed in the area. #oott https://t.co/ixQlnVwH51
VIEW SOURCE