Author: Admin

US President Trump announced the most severe economic action ever taken against Iran, CBS News reported on Wednesday. Trump said this will be economic conflict and isolation on an unprecedented scale and the countries allowing financial aid to Iran will face severe economic consequences. “No one has given the Islamic Republic of Iran a greater opportunity to make a Deal than me. TRAGICALLY, for them, they have failed to take it,” Trump wrote on Truth Social.” … ANY country that allows its financial institutions, businesses, airports, or government entities to provide any type of lifeline to Iran will itself face TREMENDOUS…

Gold price (XAU/USD) rises to around $4,520 during the early Asian session on Thursday. The precious metal surges to the highest since early June amid the weakening US Dollar (USD) after the US Treasury Department stepped in to provide relief to bond markets.The Treasury Department is ramping up a buyback program for longer-dated securities to rein-in long-term borrowing costs from multi-year highs. TD Securities said the Treasury’s announcement gave metals a “jolt of life,” saying gold investment could “quickly return amid Treasury liquidity support, a Fed willing to look through an energy shock, and a growing stagflation narrative, which should…

The Aussie Dollar advances on Wednesday, up over 0.56%, as the US Dollar registers losses amid the US Treasury bond buyback and despite the release of hawkish Federal Reserve minutes from the July meeting. The AUD/USD trades at 0.7127.AUD/USD climbs as lower US yields offset hawkish Fed minutesThe US Treasury buyback of long-end bonds revealed that the Treasury is worried about elevated yields. Since the beginning of the US-Iran war, US yields have remained near the year’s highs, as energy prices have stayed high amid hostilities that threaten to affect one-fifth of global Oil production.The US Treasury program is expected…

La Réserve fédérale lève le voile sur la « bonne dispute de famille » évoquée par Kevin Warsh après la réunion de politique monétaire tenue fin juillet. La Fed avait alors maintenu ses taux d’intérêt entre 3,5 % et 3,75 %. Les trois votes favorables à une hausse marquaient déjà un record de dissensions en près de dix ans. Mais le contingent de banquiers centraux prêts à relever les taux dès juillet comptait également plusieurs partisans parmi les non-votants.Le nouveau président de la Fed va devoir composer avec de nombreux « faucons », c’est-à-dire de banquiers centraux dont la priorité est la lutte contre l’inflation,…

An electronic display shows the national debt in Washington, Aug. 19, 2026.Mandel Ngan | AFP | Getty ImagesGovernment debt has eclipsed $40 trillion, passing yet another staggering benchmark for red ink, according to the Treasury Department. The total U.S. IOU hit $40.05 trillion as of Tuesday, some four and a half years after topping $30 trillion. Years of escalating budget deficits, pushed higher by stimulus funding during the Covid pandemic, have seen the public share of the debt near 100%.In the most recent monthly accounting of U.S. finances, Treasury reported a $432.3 billion deficit in July, the highest monthly total…

The Bank of England might be best known for setting interest rates and printing banknotes, but there’s much more going on at the central bank you might not be aware of.Jack Leslie and Rupal Patel, Bank of England (BoE) economists and authors of the new book Money: The Inside Story, discussed how the central bank holds 400,000 bars of gold and ‘giant’ and ‘titan’ banknotes worth up to £100 million in its vaults.Speaking on the MoneyWeek Talks podcast, they also explained how electronic payments in the UK, from coffees to house purchases, go through the Bank’s ‘black box’. Try 6…

Hyundai Executive Chair Chung Euisun, left, poses with Nvidia CEO Jensen Huang June in Seoul. (Hyundai Motor Group)NAMI MATSUURAAugust 20, 2026 07:02 JSTSEOUL — South Korea’s Hyundai Motor Group is racing to reinvent itself as a leading player in robotic physical artificial intelligence, spending billions of dollars on a futuristic urban center to realize its vision.

Life insurance needs often shrink as you get older, but they don’t always disappear. You might have business obligations, people who rely on you financially, or a mortgage you’re paying off.  Still, not every older adult needs a policy. If you’re debt-free, no one relies on your income, and you’ve already saved enough for funeral costs, buying life insurance could create another monthly bill you don’t really need. Here’s what to know when shopping for policies. How life insurance rates and eligibility change with age Age is one of the biggest factors insurers use to set life insurance rates. The older…

U.S. President Donald Trump threatened to bomb Oman because he is unhappy the country is close to a deal with Iran to manage ship traffic through the Strait of Hormuz, two regional officials said on Tuesday, a day after Trump leveled the threat. The officials said the Trump administration has told Oman it is opposed to parts of the yet-to-be-announced deal, including the joint Iranian and Omani management of the exit route out of the passage that’s critical to global supplies of oil and natural gas. The officials were briefed on the U.S. position and how the administration views Oman’s position. Meanwhile, a projectile hit a ship as…

Fresh Insights SAA it ain’t so TPAs: significant hurdles to adoption. Source: Getty Plenty of column inches have been devoted to the total portfolio approach over the past 18 months or so (Side Letter, 3 March). Regular readers will know that a more uncertain and volatile investment landscape, in conjunction with rising private markets allocations, has prompted some of the world’s most prominent institutions to explore more flexible ways of investing.