IRAN PRESIDENT: WILL 'NEVER COMPROMISE' ON MISSILE CAPABILITIES

Job cuts at U.S. factories ran near their highest levels since the end of the global financial crisis in 2009 and the Covid-19 pandemic as worries grew over global demand and rising costs, S&P Global reported Tuesday. Though the firm’s manufacturing index ran better than expected for June, it came largely from an inventory rebuild and despite sharp job cuts ...

Kevin Warsh feels strongly that the Fed should stop micromanaging markets. In fact, he feels so strongly about this that last week’s FOMC statement dropped its forward guidance, he didn’t contribute to the infamous “dot” plot, and refused to answer any and all questions in the press conference on the path ahead for monetary policy. You can debate whether ...

BoC's Gov. Macklem: I do worry that too much forward guidance becomes false precision, can become confusing BANK OF CANADA’S MACKLEM TO REPORTERS: IRAN-US PEACE DEAL TAKING AWAY SOME UPSIDE RISKS TO INFLATION BUT STILL LOOKING AT HIGHER PRICES IN PIPELINE #Canadaecon #IranWar #inflation BoC's Gov. Macklem: Overall, banks are not seeing so far much spreading of higher oil prices to other prices of other goods and services BoC's Gov. Macklem: Food inflation is a concern

An ultra‑rare experimental coin from the final days of imperial China has sold for $4.87 million. The Hsüan-t’ung silver specimen pattern “short-whiskered dragon” dollar year 3 dates back to 1911 and was made at the Tientsin Mint in China. Produced in the final year of the Qing Dynasty, the government was trying to create a modern, unified national currency ...

Precious metals experienced significant downward pressure Tuesday as gold prices retreated nearly 2%, driven by renewed dollar momentum and mounting expectations for Federal Reserve monetary tightening. Spot gold declined 1.8% to settle at $4,117.61 per ounce. U.S. gold futures contracts decreased 1.6% to $4,135.10. Trading in New York saw futures down 1.7% ...

Fifth District manufacturing activity was flat in June, according to the most recent survey from the Federal Reserve Bank of Richmond. The composite manufacturing index decreased to 4 in June from 13 in May. All three of its component indexes fell in June, although both shipments and new orders remained in positive territory. Shipments fell to 3 from 16, ...

US business activity growth improved for a third successive month in June, according to flash PMI survey data from S&P Global. However, the rate of growth remained weaker than at the start of the year. Companies also cut back on their staffing levels amid concerns over the outlook and in response to rising overheads, notably in terms of raw material prices. ...

On Tuesday, June 23, 2026, Tiff Macklem, Governor of the Bank of Canada, will speak before the France-Canada Chamber of commerce and Paris Europlace.

Good afternoon and thank you for the invitation. It’s a pleasure to be here with Paris Europlace and the Chambre de commerce France-Canada. Six weeks ago, I was here in Paris with G7 finance ministers and central bankers. Much of our meeting focused on the conflict in the Middle East and its implications for near-term growth and inflation. The US-Iran agreement signed last week is a very welcome development and global energy prices have begun to come down, though much remains to be worked out. We also discussed medium-term growth. We expressed concern that global imbalances are widening again, with some countries running large deficits and others running large surpluses that persist over time. And we discussed how to promote more balanced growth over the medium term. This is what I want to talk about today. Renewed G7 focus on global imbalances began last year under Canada’s presidency and has continued under France’s leadership this year. So it seems appropriate that a Canadian central banker talk about global imbalances while here in France. But I will acknowledge that this is not an easy topic. Global imbalances are not front of mind for households or businesses. And they are not even obviously problematic. Indeed, trade deficits and surpluses are an integral part of our mutually beneficial global system of open trade and investment. But when imbalances are too big and too one-sided for too long, they become excessive. When needed adjustment is not happening, imbalances can spill over —and then we all feel it. Through trade and investment flows, exchange rates and asset prices, imbalances can affect employment, inflation and financial security. And they can affect more than our economies—they can affect relations between countries. Canada is BANK OF CANADA'S MACKLEM SPEECH: WARNS RISING ROLE OF HEDGE FUNDS IN GOVT DEBT MARKET MAY BE MAKING THIS MARKET MORE FRAGILE, PRONE TO CONTAGION #finance #hedgefunds #economy BoC: Financial system dominated by new and less regulated players Macklem: while imbalances shift gradually, appeal of U.S. dollar may have prolonged persistence of imbalances Macklem: To build a more balanced and resilient global system, more destinations for savings beyond the U.S. are needed

World Cup tickets are expensive. Flights to North America are expensive. Hotel rooms in many places are expensive. Then there’s the price of beer. There are some fun — and yes, sometimes pricey — food and drink offerings at the venues playing host to the World Cup. A $75 caviar-topped tray of tater tots and a $40 empanada weighing in at 5 pounds (2.2 ...

Indian shares fell on Tuesday, dragged by heavyweight IT and metal stocks, while weak business activity data and concerns over a patchy monsoon triggered profit-booking in the broader market following a recent rally led by low oil prices. The Nifty 50 and Sensex fell 1.16% each to 23,824.10 and 76,200.68, respectively. Both benchmarks opened flat but ...