Brent/USD

U.K. Prime Minister Andy Burnham’s announcements during his first 24 hours on the job underscore the political and financial challenges he faces as he tries to jump-start the country’s sluggish economy. Burnham, from Britain’s left-leaning Labour Party, faces restive voters seeking relief from the high cost of living. At the same time, the investors who ...

The United States is set to impose new tariffs that could hit dozens of countries soon, trade envoy Jamieson Greer signalled on Tuesday (Jul 21), with President Donald Trump's temporary global levies due to expire this week. The Trump administration has prepared fresh tariffs targeting 60 trading partners over their alleged failures to act against forced ...

Effective August 1st, 2026, all Generic Drugs being brought into the United States will continue to have a TARIFF of ZERO PERCENT for a two year period of time, after which the TARIFF will be raised to 100% for a one year period of time, and 200% thereafter. This is done in order to RESHORE Generic Pharmaceutical Production into America, with a penalty to those Companies that decide not to build Plant and Equipment within the stated period of time given to them. The objective of this Policy is to protect the people of the United States. The Policy on Patented, Branded, or Innovative Drugs, which has been so successful, will remain as is. Pharmaceutical Facilities are being built, at a level never seen before, all over the United States of America. Thank you for your attention to this matter! President DONALD J. TRUMP

As a newly installed chairman takes the helm of the Federal Reserve, US monetary policy remains uncertain amid a soft inflation print and escalating tensions in the Middle East. David Mericle, chief US economist in Goldman Sachs Research, forecasts the Fed to keep interest rates unchanged this year before cutting its policy rate in 2027. He also unpacks the ...

UK inflation is set to have eased last month in a temporary boost for the new Prime Minister ahead of a jump in the household energy price cap. Official figures for June's Consumer Prices Index (CPI) will be published on Wednesday, two days after Andy Burnham took the reins and formed a new Cabinet. Most economists think a sharp drop in petrol and diesel ...

API Inventory Moves 07/21 Crude +2.603 million (exp. -1.5 million) Gasoline -1.379 million Distillates +1.759 million Cushing -737,000 SPR actual -5.1 million #oott #crudeoil #gasoline #api

In February, President Donald Trump turned to Section 122 of the Trade Act of 1974 to impose a 10% global tariff for 150 days, with his move coming shortly after the Supreme Court ruled against his use of the International Emergency Economic Powers Act to impose his import taxes. With the 150-day period ending, Trump now looks poised to seize on yet another ...

Barbara Kahn, professor of marketing at the Wharton School, explains why retail sales remain resilient despite inflation and economic uncertainty. She explores the growing demand for value, wellness, and memorable experiences, the challenges facing aspirational luxury brands, and the uneven performance of shopping malls. Kahn also discusses how retailers ...

Trump Announced Significant Support For Lebanon Trump Says Lebanon Has A Very Good Relationship With The U.s. Trump: We're Going To Help Lebanon A Lot Trump: We feel very good about Lebanon, we will make a lot of progress with Lebanon's Aoun.

U.S. Trade Representative Jamieson Greer on Tuesday signaled another round of President Donald Trump’s tariffs is on the way. “We expect to see some action soon,” Greer told CNBC’s “Squawk Box” when asked if new tariffs are forthcoming, in light of an FT report that more duties could be announced as soon as this week. “I can’t really specify a timeline ...