U.S. Launches Section 301 Forced-Labor Trade Probes Into 60 Economies
Wide-Ranging Section 301 Forced-Labor Investigations The U.S. Trade Representative (USTR) announced that the latest investigations will assess whether 60 economies, including China, the European Union, India and Mexico, have not adequately prevented goods made with forced labor from entering their...
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Asia-Pacific stocks retreat as oil surges on Middle East tensions
Oil prices spike on Hormuz shutdown threat Oil prices surged on Thursday after Iran’s new Supreme Leader Mojtaba Khamenei said in a late speech that the Strait of Hormuz, a key route for global crude shipments, should remain shut and...
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Goldman Sachs Raises U.S. Inflation Outlook and Cuts 2026 Growth Forecast on Oil Shock
Revised U.S. Inflation and Growth Projections Goldman Sachs now expects U.S. core PCE inflation to reach 3.5% by the end of 2026, up from its prior estimate of 3.0%. The bank attributes this revision to the pass-through effects of higher...
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Oil at $100 Lifts Inflation Fears and Pressures U.S. Stock Futures
U.S. Equity Futures Retreat as Rate-Cut Outlook Darkens U.S. stock index futures traded lower on Thursday. S&P 500 futures declined 0.48% to 6,743.00, Dow Jones futures dropped 0.61% to 47,129.20, and Nasdaq futures were also in negative territory. The pullback...
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Oil Surges Back to $100 as Hormuz Attacks and Iran Conflict Deepen Supply Fears
Oil Spikes on Tanker Attacks and Middle East Disruptions Brent crude futures rose more than 6% in Asian trade to hit $100 a barrel, while WTI crude climbed over 6% to $93 per barrel. The gains followed reports of attacks...
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