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Iran plans oil strikes to hurt Trump before midterms, official says !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}

US Treasury Secretary Scott Bessent said that the US President Donald Trump administration’s plan to crush Iran’s economy will likely negate the need for major US military operations against the Islamic Republic, CNBC reported on Thursday.“If we are doing the maximum economic pressure, then that means that likely there will not be a large-scale kinetic restart,” said Bessent.The remarks came after Trump’s declaration on Truth Social that the Washington plans to choke Iran’s economy by levying major penalties against any country that provides “any type of lifeline” to Tehran.Iranian Foreign Minister Abbas Araghchi dismissed Trump’s announced sanctions campaign as a…

Japan’s National Consumer Price Index (CPI) climbed by 2.0% YoY in July, compared to the previous reading of 1.7%, according to the latest data released by the Japan Statistics Bureau on Friday.Further details unveil that the National CPI ex Fresh food arrived at 1.8% YoY in July versus 1.6% prior. The figure came in line with the market consensus.CPI ex Fresh Food, Energy rose 1.8% YoY in July compared to the previous reading of 1.7%.Market reaction to Japan’s National CPI dataAt the time of writing, the USD/JPY pair is up 0.45% on the day at 158.88. Inflation FAQs Inflation measures the rise in the…

The Australian Dollar retreated against the Greenback on Thursday as US bond yields resumed their advance, despite the US Treasury’s efforts to cap elevated yields following its announcement of a long-end bond buyback program. The AUD/USD trades at 0.7114, down 0.14%.AUD/USD retreats as Treasury yields recover, offsetting support from resilient Australian PMIsWhen the US Treasury’s program was announced, the US 30-year yield fell, and it is now back at 5.25%, after reaching a low of 5.178% earlier in the day. The US Dollar Index (DXY), which tracks the Greenback’s value against six peers, is up 0.07% at 99.83.Consequently, the AUD/USD…

Cela faisait un moment que Donald Trump n’avait plus réveillé le marché des cryptomonnaies. Mercredi, le président américain a renoué avec l’exercice. Réunissant à la Maison-Blanche plusieurs poids lourds du secteur, il a exhorté le Congrès à adopter le « Clarity Act », vaste texte destiné à fixer les règles du marché crypto américain, tout en faisant miroiter de nouveaux achats de bitcoins par l’Etat. Le rebond ne doit toutefois pas tout à Donald Trump : les rachats forcés de positions vendeuses ont accéléré la hausse.Le bitcoin a bondi de 7 % mercredi et il progressait encore de près de 5 % jeudi en fin de…

If Treasury Secretary Scott Bessent truly wants to bring the full force of the federal government to bear on what he sees as a misbehaving bond market, he can’t go it alone. A sustained effort to bring down Treasury yields would eventually require coordination with Bessent’s longtime friend, now at the Federal Reserve, Chairman Kevin Warsh. Bessent’s efforts to influence the bond market will add to the immense scrutiny on Warsh to clarify where he stands on the Fed’s independence and on its attitude about the vast pool of U.S. government debt. The Fed has historically only intervened in the bond market…

Households will have a new energy-saving option that they can pickup in the supermarket from next week – plug-in solar panels.The Iran conflict and cost of living crisis have pushed up energy bills in recent months with Ofgem’s price cap remaining high.Rooftop solar panels are often highlighted as one way of going green and potentially reducing your electricity bills. Try 6 free issues of MoneyWeek today Get unparalleled financial insight, analysis and expert opinion you can profit from. Start your trial Sign up to Money Morning Don’t miss the latest investment and personal finances news, market analysis, plus money-saving tips…

EquitiesImproved corporate governance draws attention of activist investorsMore than one-third of Japanese stocks were owned by overseas investors in fiscal 2025. (Photo by Tomoki Mera)MAYU NAKADAAugust 21, 2026 06:54 JSTTOKYO — The share of Japanese stocks held by overseas investors hit a record for three consecutive years in fiscal 2025, with the greatest increases seen at AI-related companies and those held by activist investors.

Capital One Financial has spent more than a year integrating Discover while investors watch whether the massive acquisition can translate into faster growth and stronger returns. The latest monthly data gave Wall Street a mixed picture. Capital One (COF) posted healthy credit trends in July, but growth in its domestic card portfolio slowed from the prior month. Bank of America is still sticking with the stock. In a note given to TheStreet, BofA analyst Mihir Bhatia maintained a Buy rating and a $253 price objective on Capital One, representing 11.3% upside from the $227.34 share price used in the report.…

Super Micro Computer said on Thursday that an independent investigation led by its board found no evidence that current members of senior management knew about an alleged scheme to smuggle $2.5 billion in hardware packed with Nvidia chips to China.  The announcement was meant to clear the air for investors after a shaky five months following the U.S. Department of Justice’s March indictment of co-founder and board member Yih-Shyan “Wally” Liaw. But questions remain despite Thursday’s announcement of the investigation results; the server manufacturing company offered scant details about what specifically was found in the investigation, only that the board…