Japanese markets reacted in a seemingly counterintuitive fashion on Friday after the country's central bank hiked benchmark interest rates to their highest in 31 years. Interest-rate increases ordinarily support a country's currency, push up its bond yields, and put pressure on its stock market. Japan's currency, bond yields, and stock...
Category: Economy
Bank of England defies Fed’s rate-hike lead, leaving rates unchanged
Kevin Warsh, chairman of the US Federal Reserve, and Andrew Bailey, governor of the Bank of England at the Jackson Hole Economic Symposium in Moran, Wyoming, on Aug. 28, 2026.David A. Grogan | CNBCThe Bank of England left interest rates unchanged on Thursday, despite inflation rising well above its 2%...
U.S. reveals import ban on slew of Canadian goods as trade war escalates
Cans of Canadian-made Molson beer on a shelf at the Liquor Control Board of Ontario (LCBO) Queen's Quay store in Toronto, Ontario, Canada, on Tuesday, March 4, 2025. Bloomberg | Bloomberg | Getty ImagesThe White House said it would ban imports of Canadian motorbikes and a slew of other products...
China’s imports in August miss estimates as exports pick up pace amid calls for rebalancing trade
SHENZHEN, CHINA - MAY 1: The Chinese national flag is seen in front of stacked shipping containers bearing MSC (Mediterranean Shipping Company), Maersk, and Hamburg Süd branding at Yantian Port on May 1, 2026, in Shenzhen, Guangdong Province, China. Cheng Xin | Getty Images News | Getty ImagesChina's trade growth...
From ‘mystery vacations’ to hostels, budget travelers get thrifty as prices rise
Fg Trade | E+ | Getty ImagesOn a recent weekend, Jami Hagerman embarked on the budget-vacation equivalent of a blind date.The hairstylist and her husband spent about $400 on Groupon "mystery vacation" vouchers that promised accommodations and airfare for the pair — but no say in the destination. The Oklahoma...