Wholesale inventories in the U.S. fell 0.1% in August, the Commerce Department said Tuesday.  This is the sixth straight monthly decline. The drop in August matched expectations of economists polled by the Wall Street Journal. It was also in line with advance estimates. Inventories fell a revised 0.3% in July.…

The French economy has experienced a deceleration in its growth rate, according to Olivier Garnier, Chief Economist at the Bank of France. The nation’s output rose by merely 0.1% in Q3, a significant dip compared to the 0.5% growth witnessed in Q2. This information is based on a survey involving…

Who will be the next speaker of the House of Representatives: Jim Jordan, Steve Scalise — or Kevin McCarthy? With an internal House Republican meeting set for Wednesday to select their nominee, the focus is on House Judiciary Committee Chairman Jordan of Ohio, House Majority Leader Scalise of Louisiana, and…

In an environment of unfavorable mortgage rates, the Fannie Mae Home Purchase Sentiment Index (HPSI) has seen a decline, with consumers’ optimism about buying homes reaching an all-time low. The HPSI fell by 2.4 points to 64.5 in September, marking a notable shift in the housing market sentiment. A record…

President Joe Biden on Monday convened a call with the leaders of France, Germany, Italy and the United Kingdom — which with the U.S. compose the so-called Quint — and afterward Biden, Emmanuel Macron, Olaf Scholz, Georgia Meloni and Rishi Sunak were signatories to a joint statement, made available to…

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets are likely to open higher on Tuesday following a curious day across world markets on Monday that saw virtually every asset class move higher despite the geopolitical tensions…

By Davide Barbuscia NEW YORK (Reuters) – U.S. Treasury futures rose on Monday on expectations that investors will buy bonds as a safe haven during the conflict in the Middle East and as Federal Reserve officials made dovish comments. The U.S. Treasury cash market was closed for a public holiday,…

Extra U.S. sanctions related to Iranian oil exports could come as a result of the war between Israel and Hamas, either from the Biden administration or Congress. “The U.S. and other entities could increase sanctions and sanctions enforcement against Iranian oil exports, including pressure on shipments to China,” Benjamin Salisbury…

On Monday, Federal Reserve Vice Chair Philip Jefferson warned of persistent inflation upside risks and a potential sharper-than-expected economic deceleration. Despite these cautionary statements, Treasury futures and cross assets, including WTI crude prices (up 3.75 at 86.54) and SPX Eminis (up 18.0 at 4359.5), saw an upward trajectory. The rise…

“‘About this time yesterday, I was jogging … in the Old City when I got an urgent call from my chief of staff, telling me to get back to the hotel as quickly as I could, that Israel was under attack.’” — U.S. Sen. Cory Booker That was New Jersey…