Forecasters say the pattern is nearing record strength, and the drought is already curbing traffic through a chokepoint that carries about 5 percent of ocean shipping.
Thursday, September 10, 2026
24 storiesA second day of triple-digit crude pushed inflation expectations and borrowing costs higher across the world.
August passenger-car exports jumped 67.1% from a year earlier, and new-energy vehicles took a record share of domestic sales.
Bullion sold off on a hot US inflation reading and a European rate rise, even as official-sector demand set records.
At a Goldman Sachs conference the chief executive took on the circular-financing and AI-risk bear cases, and the stock fell anyway.
August wholesale inflation matched forecasts but accelerated from July, and rate-hike odds firmed ahead of Friday's consumer price report.
The stablecoin issuer and Fasanara Capital have seeded a $400 million lending fund aimed at raising $3 billion from institutions.
Scott Bessent tripled the size of the Treasury's long-bond buyback and the market answered by sending yields to multi-year highs.
Five proclamations move the North American trade war from tariffs to outright import bans, taking effect at the end of September.
Ten-year gilts reached their highest level since 2007 and 30-year yields their highest since 1998, days before a meeting at which no change is expected.
The bond sell-off has reached household budgets, and August existing-home sales dropped to their weakest level in more than a year.
The Chinese president's first trip to India in seven years lands at a summit where payments, energy and the bloc's unity are all in question.
Pablo Hernandez de Cos told central bankers that the financing behind the AI build-out, not the technology itself, is what threatens financial stability.
The Congressional Budget Office estimates the deficit totalled $2.0 trillion in the first 11 months of fiscal 2026, $6 billion less than the same stretch a year earlier.
The securities regulator has told banks informally that humanoid-robot companies must show recurring revenue and a path to narrower losses before an IPO is approved.
The European Central Bank lifted borrowing costs again on Thursday and revised both its growth and its inflation projections upward.
The Dutch central bank has shifted bullion from North American vaults to London and Spain is weighing repatriation, as reserve managers reconsider where their gold sits.
Iran-aligned forces took the Red Sea port city and are advancing south, bringing a second maritime chokepoint into play alongside Hormuz.
The Revolutionary Guard says it hit the Al-Azraq base used by US forces in Jordan, while US Central Command rejects a separate Iranian claim about two Navy destroyers.
China's central bank released its plan for building a financial powerhouse and said overseas entities now hold more than 11 trillion yuan in Chinese assets.
The US Energy Department raised its 2027 diesel forecast by 33 cents as the energy secretary argued lost refining capacity, rather than the crude price, is driving pump costs.
Economists surveyed by Reuters expect a hike on 18 September and a faster path to 1.75%, with the yen already at a seven-month high.
A first-quarter surplus reversed in the three months to June as the Iran war drove up import costs, though outlets disagree on how far back a wider gap sits.
The president told the Republican midterm convention that every adult US citizen would receive $5,000 if his party keeps control, a payout costed above $1 trillion.