(URGENT) Fed holds key interest rate steady for 5th straight time
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Newest first · UTC+11:00Divided Fed holds interest rates steady, but three members voted to hike
WASHINGTON – The Federal Reserve on Wednesday voted to hold its key interest rate steady but not without opposition from three officials who have expressed concern over inflation and wanted to hike.
· Jeff Cox
No Rate-Change Sparks 3 Dissents As Warsh Fed Delivers Biggest 'Non-Cut' Surprise In Decades
Tl;dr: The Fed held rates unchanged, delivering the biggest surprise "non-cut" to the market in decades. Three dissenters wanted a rate-hike, clearly signaling the direction of travel and confirming this decision as a "hawkish hold" though arguably only marginally.
· Tyler Durden
Meta’s Mark Zuckerberg blasts AI ‘centralization,’ opposes US ban on Chinese models
See more of our coverage in your search results.
· Taylor Herzlich
Japan's ispace bets on H3 rocket instead of SpaceX's Falcon 9 for moon landing
The mission will be ispace's first to use a Japan-made launch vehicle. © Kyodo
· Staff Writer
Apple shares just hit a record. Here's how trader Mike Khouw is playing the move
Apple continues to prove itself as the ultimate market safe haven.
· Michael Khouw
Alalshikh investment in Derby County moves closer
Turki Alalshikh is one of the world's most powerful boxing promoters
· Bbcsport
STAR Market, China's Nasdaq, hits the big time with CXMT listing
CXMT became the most valuable company on mainland Chinese markets after its July 27 listing. © Reuters
· KENSAKU IHARA
CXMT listing propels STAR Market, China's Nasdaq, to the big time
CXMT became the most valuable company on mainland Chinese markets after its July 27 listing. © Reuters
· KENSAKU IHARA
Fuel prices soar on back of Iran war, leaving Yemeni labourers with no work
Taiz, Yemen – Fuad Mohammed has been working as a construction labourer for more than 25 years. The 46-year-old has seen things get progressively worse in Yemen’s construction industry since the war in the country started more than a decade ago, and then further deteriorate after the US-Israel war on Iran began in l…
· Nasser Al-Sakkaf
Swanky California market linked to dangerous bacterial outbreak across the state
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· Sheetal Banchariya
Nissan, Denso lead Japan Inc. into quantum computing applications
Quantum computing can be used for a wide variety of applications, from aerodynamic testing to drug discovery. (Illustration by Nikkei)
· Staff Writer
Trump administration bans Chinese robot imports, citing national security threats
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· Marc Vartabedian
Over 3M workers to gain from higher tax exemption
MORE than 3 million Filipino workers are expected to benefit from the Marcos administration’s proposal to raise the annual personal income tax exemption threshold, a Cabinet official said, even as the government stands to forgo about P60 billion in revenues if the measure is passed by Congress and becomes law.
· Niña Myka Pauline Arceo
Instapay transfer cap for firms hiked to P500K
BUSINESSES in the country can now send up to P500,000 per Instapay transaction under new digital payment initiatives launched by the Bangko Sentral ng Pilipinas (BSP) and Philippine Payments Management Inc. on Wednesday.
· nina myka pauline arceo - PNA
India's Adani reports loss on payment to US over alleged sanctions breach
Adani Enterprises' earnings for the April-June quarter were hit by a one-time charge to settle allegations by the U.S. that the company violated sanctions against Iran. © Reuters
· Staff Writer
S&P sees contraction for PH gaming industry
THE Philippines and two other Asia-Pacific economies could see a significant gaming market contraction as tighter regulations and market dynamics weigh on casino operators, S&P Global Ratings said.
· Niña Myka Pauline Arceo
UA&P: Q2 growth likely slowed to 2.5%
PHILIPPINE economic growth could have slowed to 2.5 percent in the second quarter, the University of Asia and the Pacific (UA&P) said, as persistent inflation and higher interest rates weighed on domestic activity.
· Niña Myka Pauline Arceo
Why public confidence matters in infrastructure development
GROWING up in Surigao del Sur, I never thought much about infrastructure. Like most Surigaonons, we simply experienced what it allowed us to do.
· CHRIS M. CAMBA
Govt to boost PH products via place-based branding
THE Department of Agriculture (DA) and the Intellectual Property Office of the Philippines (Ipophl) on Wednesday signed a memorandum of understanding to help farmers and fisherfolk earn more by branding products based on their place of origin.
· Chynna Grace Ong
Equal protection of laws
IN the recent case Tayam v. Recto, the Supreme Court ruled that Republic Act 12079, a law providing value-added tax (VAT) refund to foreign tourists, does not violate the constitutional right to equal protection of laws. In the case, Tayam assailed the constitutionality of the law, alleging that it violates the cons…
· rey christian m. guintibano
What the next SONA should tell us
PRESIDENT Ferdinand Marcos Jr.’s fifth State of the Nation Address (SONA) came at a critical point in his administration. With only two years remaining in his term, the speech was no longer an opportunity to present new aspirations. It was also a moment to account for what had been accomplished, acknowledge shortfal…
· Kay Calpo Lugtu
AI boom seen bringing short-term inflation pain, little GDP gain in US
While U.S. data center construction is pushing up semiconductor prices, South Korean exporters like SK Hynix have reaped the benefits of the AI boom. (Source photos by Reuters)
· Staff Writer
FDA Panel Backs Wider Access To Six Peptide Therapies, Citing Grey Market Concerns
Via American Greatness,
· Tyler Durden
SONA from the countryside
EVERY State of the Nation Address (SONA) invites different reactions. Some listen as economists. Others listen as politicians or business leaders. I find myself listening as someone who comes from Mindanao, where government policies are often felt much later than they are announced.
· Samira Gutoc
MDPPA reports resilient PH motorcycle market in H1 2026
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· The Manila Times
Ford raises annual profit outlook again
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· Reuters
SK Hynix hits record $64 billion Q2 profit
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· Agence France-Presse
Philex Mining returns to profit in Q1 via P392M net income
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· Nazylen Joy Mabanglo
Jollibee to expand Tim Ho Wan in Taiwan
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· Nazylen Joy Mabanglo
Meralco posts 3.8% rise in core income to P26.5B
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· Ed Paolo Salting
NANO Nuclear Expands Air Force Footprint With Second AFWERX Award
NANO Nuclear Energy has been selected for a new AFWERX Small Business Innovation Research Phase I award, giving the company another opportunity to advance its KRONOS MMR Energy System with the Department of the Air Force.
· Tyler Durden
Wildfires threaten Bordeaux vineyards and France's economy
Winemaker Edouard Le Grix de la Salle tends vines on his family’s Grand Verdus wine estate in Sadirac, southwestern France’s Bordeaux region, Wednesday, July 29, 2026. (AP Photo/Eva van Dam)
· Jamey Keaten
Ole Miss sues 2 ex-players who transferred to LSU, alleging they did not comply with financial deals
LSU football head coach Lane Kiffin speaks during a news conference at the LSU Football Operations Facility in Baton Rouge, La., Feb. 4, 2026. (Hilary Scheinuk/The Advocate via AP, File)
Japan's Nipro plans mobile dialysis training for rural India
In September, Nipro's mobile dialysis training unit will begin visiting healthcare facilities across four states in India. (Nipro)
· Staff Writer
Uefa criticise Fifa for 'enriching themselves and their friends' as backlash against World Cup sell-off grows | The National
The backlash against Fifa's shock announcement that it plans to seek private investment in the World Cup and its other tournaments continues to grow.
· The National
Uefa criticises Fifa for 'enriching themselves and friends' as backlash against World Cup sell-off grows | The National
The backlash against Fifa's shock announcement that it plans to seek private investment in the World Cup and its other tournaments continues to grow.
· The National
The likelihood of the RBA raising interest rates has fallen. Have we finally come to our senses? | Greg Jericho
The latest inflation figures have put off the expectation of another rate rise until early next year – unless we look for an excuse for the RBA to move earlier
· Greg Jericho
Atlassian tightens tracking of staff AI use as other technology firms encourage ‘tokenmaxxing’
Some companies reportedly using leaderboards for employees who used the most AI in their work
· Josh Taylor
Why US-led alliance might struggle to rein in Beijing’s growing 6G influence
24-country alliance aims to coordinate next-generation telecoms strategies, but analysts say China’s tech prowess provides clearer road map
· Mia Nurmamat
Why US-led alliance might struggle to rein in Beijing’s growing 6G influence
24-country alliance aims to coordinate next-generation telecoms strategies, but analysts say China’s tech prowess provides clearer road map
· Mia Nurmamat
Dow slumps 700 points, oil jumps over 6% after Trump vows to give Iran ‘beating’ following surprise attacks
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· Taylor Herzlich
Iran war paralyses neighbouring Iraq's crucial Umm Qasr port
Operations at Iraq’s primary deep-water port of Umm Qasr have come to a standstill, disrupting one of the country’s main trade gateways.
· AfricaNews
Indonesia's GoTo posts 2nd quarterly profit as fintech business soars
Indonesian superapp company GoTo on July 29 says its on-demand ride hailing and food delivery business under Gojek has slowed, with the outlook further downturned after the government caps the amount of commissions that companies can charge drivers. (Photo by Yuki Kohara)
· ISMI DAMAYANTI
An Interesting Divergence Is Emerging Between The Fed And Other Central Banks
By Benjamin Picton, senior market strategist at Rabobank
· Tyler Durden
Panasonic plans 4-fold boost to India air conditioner production
Panasonic sees India as a key market for air conditioners thanks in part to its rising population. (Photo by Kanoko Sakamoto)
· Staff Writer
Is AI facing a big financial reckoning?
Sharp falls in the value of chip makers have stoked investor concerns that the euphoria around AI related companies is fading.
· Bbcnews
Inside the explosive $150M Golden Globes lawsuit against Penske Media
Jay Penske’s most controversial deal, his 2023 takeover of the Golden Globes, has been thrust into the center of an explosive lawsuit that aims to expose the unprecedented control Penske Media Company has over Hollywood’s awards market.
· Tim Baysinger
(LEAD) Financial authorities eye cap on single-stock leveraged ETFs in individual portfolios
(ATTN: ADDS details from 4th para, new photo)By Kang Yoon-seung
· Kang Yoon-seung
Financial authorities eye cap on single-stock leveraged ETFs in individual portfolios
South Korea's financial authorities said Wednesday they are considering imposing a cap on the proportion of single-stock leveraged exchange-traded funds in individual investment portfolios as part of efforts to curb extreme stock market volatility.
· Yonhap