Grace Montgomery

EU drops mandatory tech payments for telecom infrastructure, adopting a voluntary plan dissatisfying both industries.

Gold edged higher, halting two days of losses spurred by fading optimism the US Federal Reserve will cut interest rates next month.

Chicago Federal Reserve President Austan Goolsbee on Thursday expressed hesitation about lowering interest rates further because the government shutdown has resulted in a blackout on key inflation data.

The Bank of Canada signaled on Wednesday an end to its cutting cycle after trimming its key overnight interest rate to 2.25%, but Governor Tiff Macklem said he would be ready to respond if Canada's economic outlook changed materially.

The British pound and the yen came under pressure on Wednesday, following heavy selling stoked by renewed investor worries about the health of government finances globally and political uncertainty in Japan.

The U.S. Bureau of Labor Statistics revealed an alarming PPI rise for July, far exceeding initial forecasts. This unexpected surge immediately raised eyebrows and amplified concerns about escalating US inflation.

Claudia Sheinbaum, the President of Mexico, cautioned that the country intends to take strong action against the US if Trump’s new tariff on Mexican imports is not suspended.

Gold steadied following a modest drop on Monday after President Donald Trump said he was open to more tariff negotiations with major economies including the European Union.

The Trump administration announced plans to repeal the Biden-era AI semiconductor export controls on May 14th. This policy shift is spearheaded by Jeffery Kessler from the U.S. Department of Commerce.