Harris aims to blunt Trump's economic attacks by proposing new tax breaks in a bid to lower costs

Vice President Kamala Harris is promoting a broad set of economic proposals that would offer new tax breaks and lower the cost of living for Americans, aiming to address the financial concerns that are at the top of the mind for voters and that Republican Donald Trump is trying to lay at her doorstep. Harris will be in the battleground state of North Carolina on Friday to lay out her plans, including a proposal for a federal ban on price gouging on groceries.

“The Chainsaw Never Stops.” Milei’s Support Survives His Economic Experiment

(Bloomberg) -- To say that life hasn’t been easy in Argentina since Javier Milei won the presidency would be to downplay the everyday reality of a nation undergoing the equivalent of economic surgery.Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Floating Island in Baltimore Raises Hope for a Waterfront RevivalA Warehouse Store Promises Housing for South LA, in BulkThe Cross-Continental Race Using Only Publ

EUR/USD and USD/JPY – Latest Sentiment Analysis

Malaysia central bank upbeat as economy grows at fastest pace in six quarters

KUALA LUMPUR (Reuters) -Malaysia's economy expanded at its fastest rate in 18 months in the second quarter helped by stronger household spending, exports and investment, with the central bank forecasting full-year growth to come in near the upper end of its forecast range. Gross domestic product grew 5.9% in the April-to-June period, data showed on Friday, accelerating from 4.2% in the first quarter and surpassing analysts' and early government estimates for a 5.8% rise. On a quarter-on-quarter seasonally adjusted basis, GDP rose 2.9%, compared with a 1.5% rise in the January-to-March period, data from Bank Negara Malaysia (BNM) and the Statistics Department showed.

Oil prices set for weekly gains on renewed enthusiasm around US economy

Oil prices edged lower in early Asian trading on Friday, but the market's benchmarks were set for a second consecutive weekly gain after upbeat U.S. economic data eased investor worries about a potential recession in the top oil consuming nation. Brent crude futures fell 16 cents, or 0.2%, to $80.88 per barrel by 0024 GMT. "US economic data released this week has helped to temper fears of a sharp slowdown in the US economy," analysts at energy consultancy FGE said.

Oil Steadies at End of Choppy Week as Iran Remains in Spotlight

(Bloomberg) -- Oil was steady at the end of a turbulent week as the market weighed strong US economic data and a possible attack by Iran or its proxies on Israel against a lackluster Chinese demand outlook.Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Warehouse Store Promises Housing for South LA, in BulkBiden Invests $100 Million to Fuel Housing ConstructionThe Cross-Continental Race Using Only Public Tra

Harris zeroes in on high food and housing prices as inflation plays a big role in the campaign

Vice President Kamala Harris is zeroing in on high food and housing prices as her campaign previews an economic policy speech Friday in North Carolina, promising to push for a federal ban on price gouging on groceries and laying out plans to cut other costs as she looks to address one of voters' top concerns. Year-over-year inflation has reached its lowest level in more than three years, but food prices are 21% above where they were three years ago. Republican presidential nominee Donald Trump has pointed to inflation as a key failing of the Biden administration.

Feds announce funding push for ropeless fishing gear that spares rare whales

New efforts to convert some types of commercial fishing to ropeless gear that is safer for rare whales will be supported by millions of dollars in funding, federal authorities said. Federal fishing managers are promoting the use of ropeless gear in the lobster and crab fishing industries because of the plight of North Atlantic right whales. The whales number less than 360, and they face existential threats from entanglement in fishing gear and collisions with large ships.

Fed Chair Powell to headline next week's Jackson Hole meet

The annual gathering of global central bankers offers Powell a chance to give an updated assessment of the U.S. economic trajectory and the outlook for monetary policy, midway between the central bank's July and September policymaking meetings. Last month he said that if inflation and the labor market continues to cool, an interest rate cut could be on the table at the Fed's next meeting. The Fed has held its policy rate in the 5.25% to 5.50% range for more than a year now to slow economic growth and keep downward pressure on inflation.

Traders Shred Bets on Big Fed Rate Cuts on Resilient Economy

(Bloomberg) -- Treasury yields surged after signs of a resilient US economy in the latest data releases prompted traders to lower their expectations of aggressive Federal Reserve interest-rate cuts this year.Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Warehouse Store Promises Housing for South LA, in BulkBiden Invests $100 Million to Fuel Housing ConstructionThe Cross-Continental Race Using Only Public T