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Argentina's Milei takes his chainsaw to the state, cutting 15,000 jobs and spurring protests
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ReutersOil edges higher on upbeat US economic data
(Reuters) -Oil prices settled higher on Thursday after strong U.S. economic data stoked expectations for higher crude demand, but the gains were limited by concerns about lower oil imports from China. U.S. Commerce Department data on Thursday showed the U.S. economy grew faster than expected in the second quarter while inflation eased, boosting expectations the Federal Reserve would lower interest rates in September. Lower interest rates are expected to stir economic activity, which could increase oil consumption.
- Bloomberg
US Debt Ceiling Is Once Again Haunting T-Bill Forecasters
(Bloomberg) -- Wall Street is already starting to game plan for the US government’s next debt-ceiling standoff, looking ahead to the Treasury’s estimated cash balance for clues on how much bill supply will be coming down the pipeline.Most Read from BloombergTrump Risks Losing Voters He Needs With Loaded Attacks on HarrisParis Sticks to Olympics Opening Event Plans After Rail SabotageFed’s Favored Price Gauge Rises at Mild Pace, Spending Holds UpHarris Just Showed Why Trump Is So Afraid of HerUS
- Reuters
China central bank surprises by lending again at lower rates
China's central bank surprised markets for a second time this week by conducting an unscheduled lending operation on Thursday at steeply lower rates, suggesting authorities are trying to provide heavier monetary stimulus to prop up the economy. The medium-term lending facility (MLF) operation comes after the central bank cut several benchmark lending rates on Monday, just days after a top leadership meeting, which had outlined other major reforms. The People's Bank of China (PBOC) issued 200 billion yuan ($27.5 billion) in one-year loans under its MLF at 2.30%, down 20 basis points from its previous MLF loan, the bank said in a statement.
- Yahoo Finance
Calm inflation reading keeps the door open at Fed for September rate cut
The Fed’s preferred inflation gauge had its slowest annual increase in more than three years, likely getting policy makers closer to the conviction needed to ease monetary policy.
- Evening Standard
Britain could be hit with tax rises in autumn Budget given dire public finances, warn top economists
But the Institute for Fiscal Studies said the spending crisis was ‘predictable and predicted’
- PA Media: UK News
Reeves expected to approve inflation-busting pay hikes for public sector workers
The Prime Minister has said the threat of further strikes is an important consideration in responding to the review bodies’ recommendations.
- Bloomberg
China Unexpectedly Cuts One-Year Policy Rate by Most Since 2020
(Bloomberg) -- The People’s Bank of China unexpectedly lowered the cost of its one-year policy loans by the most since April 2020, acting days after cutting a key short-term rate in a sign of greater support for the slowing economy.Most Read from BloombergHarris Just Showed Why Trump Is So Afraid of HerI Changed My Mind. The Fed Needs to Cut Rates Now.What Initial Polling Data Show About the Trump-Harris MatchupHarris Targets Trump by Raising Threat of ‘Extreme’ Project 2025Stocks Extend Losses
- NewsWire
Albo ‘really proud’ of tax cuts
Anthony Albanese says a respected forecaster’s latest report pointing to a ‘fork in the road’ moment for the economy has endorsed his government’s policies.
- Reuters
Core inflation in Japan's capital perks up, demand-driven price growth soft
TOKYO (Reuters) -Core inflation in Japan's capital accelerated for a third straight month in July but an index gauging demand-driven price growth slowed, data showed on Friday, complicating the central bank's decision on how soon to raise interest rates. The data comes ahead of the Bank of Japan's two-day policy meeting that ends on Wednesday, when its board will debate whether to raise interest rates and lay out details on how it plans to taper its huge bond purchases. The Tokyo core consumer price index (CPI), which excludes volatile fresh food costs, rose 2.2% in July from a year earlier, matching a median market forecast and accelerating slightly from a 2.1% gain in June.
- Australian Associated Press
Husband found not guilty of 'brutal' wedding night rape
A man accused of a series of sexual assaults on his wedding night and honeymoon has been found not guilty on all charges in a Sydney court.
- HuffPost
'Trump Is Chicken': Critics Taunt 'Scared' Trump For Bailing On Debate
The former president put debate plans on pause, and critics are calling him out over it.
- BuzzFeed
Kamala Harris' Press Release About Donald Trump's Fox News Appearance Is Going Viral
"Something about the question mark after 'old and quite weird' is taking me out."
- NewsWire
Why Aussies being turned away from Bali
Hundreds of Aussie tourists are being denied entry into Indonesia’s island paradise for one reason.
- CNN
Judge who ordered Trump to pay $454 million says he was ‘accosted’ by lawyer and won’t recuse himself from case
The judge who found Donald Trump liable for fraud and ordered the former president to pay $454 million said he will not recuse himself from the case.
- Yahoo Sport Australia
Emma McKeon dudded by brutal rule as fans question flag-bearer choice for Olympics opening ceremony
It marks a brutal reality for Australia's most decorated Olympian. Read more here.
- Yahoo News Australia
Eerie dashcam footage captures ‘rare’ sight on Aussie highway
It's barely noticeable at first glance, but it could cost you your life – or at least a hefty repair bill – if you collide with it.
- BuzzFeed
18 Famous "Childless Cat Ladies" And Their Thoughtful Reasons For Never Having Kids
Don't show this post to JD Vance.
- Evening Standard
FBI director suggests Donald Trump may not have been struck by bullet during assassination attempt at rally
FBI director Christopher Wray said investigators did not know whether Trump’s ear was grazed by a bullet or shrapnel
- HuffPost
Trump Responds To Claims He's 'Cognitively Challenged' In Bafflingly Weird Way
The former president brought it up twice during a rally in North Carolina.
- Hello!
Amanda Holden stuns in mini dress alongside lookalike daughters during Greek getaway
BGT judge Amanda Holden looked flawless as she holidayed with her mini-me daughters Lexi and Hollie. Take a look inside their lavish Greek getaway…