Economy & Central Bank News — page 13

preliminary University of Michigan July reading shows consumer sentiment rising more than expected, with current conditions and expectations components improving against forecasts

June housing starts in the United States rose more than anticipated, with the Commerce Department detailing a notable rebound after weakness in prior periods, while permits and prior-month readings provide context for the housing market's momentum.

Investing.com and CNBC report a major Airbus order by Chinese carriers, with figures ranging from 55 to 95 jets and multi-billion-dollar price tags as fleets are rebuilt post-pandemic

Investors tracked a pullback in TSX futures and European stocks amid ongoing AI-related concerns and regional tensions in the Middle East, with combined pressures hitting risk assets.

Moonshot AI presents its Kimi model, signaling stronger competition with leading U.S. AI labs, while market moves reflect investor focus on open-source and frontier capabilities.

New Zealand's consumer price index is expected to climb to a two-year high in the June quarter as higher oil prices push inflation, with food costs contributing a notable share of the CPI increase

Regulators investigate a teleprompter operator for Trump amid insider-trading claims and bets linked to Trump statements on a Kalshi platform, as authorities assess potential market implications

Merck receives U.S. FDA approval for Lipfendra, the first oral cholesterol-lowering pill to meet the regulator’s approval standards, according to reports from CNBC and Investing.com.

The Philadelphia Fed’s July manufacturing index jumped sharply, outperforming forecasts and reflecting stronger activity in the region’s factory sector.

State Street posted a double‑digit jump in quarterly profit, driven by higher fee income, according to multiple outlets reporting on the second quarter results.

U.S. initial jobless claims dropped to 208,000 last week, underscoring ongoing resilience in the labor market amid softer economic activity elsewhere.

U.S. Bancorp reported a record quarterly net revenue on the back of loan growth, with BTIG contributing to expansion and the company guiding solid revenue growth for FY26

Citizens Financial Group reports higher second-quarter earnings, boosted by stronger net interest income and fee income, according to multiple outlets.

Uber agrees to acquire Delivery Hero in a cash deal valuing the delivery platform at about $14.8 billion, with a per-share price of €41.50.

Reports confirm Dave Brown is leaving Amazon Web Services after roughly 18–19 years, with roles spanning key compute and machine learning units and advisory work to the CEO

Jay Clayton, President Trump's nominee for director of national intelligence, has indicated he will not directly state that Joe Biden won the 2020 election, as the Senate Intelligence Committee begins consideration of his nomination.

Senate Democrats question White House influence at the Fed as Warsh asserts frequent contact with the administration while stressing the central bank’s autonomy

The U.S. regulator is weighing a rule change that would eliminate the 39% cap on local television ownership, a move spurred by a recent high-profile station sale and broader consolidation trends.

Canada's market trades in positive territory as the Bank of Canada keeps its policy rate unchanged, with a constructive assessment of domestic recovery amid oil-market uncertainties.

A string of reports describe inflation data as supportive for Fed Chair Kevin Warsh and equities, with Warsh testifying in Congress as Buffett comments on his appointment

New York Fed President John Williams argues inflation has likely peaked, outlining five factors that support a slowdown in price pressures and keeping policy expectations unchanged

Alibaba’s U.S.-listed shares advance after China approves Apple’s Qwen-powered AI services for integration into Apple Intelligence, with regulators naming AI providers in an official list

Senate panels question Trump nominees across a range of roles, from an attorney general applicant to a CDC director pick, with sessions focusing on legal and health agency governance

ASML reported stronger-than-expected second-quarter results as demand for AI chips supported revenue, prompting a raised sales forecast for a second time in the year

Stripe and Advent International have reportedly offered to buy PayPal for more than $53 billion, at a price of $60.50 per share, signaling a rare strategic combination in the payments ecosystem.

China’s economy grew 4.3% year on year in Q2, the weakest pace since 2022 and below market expectations, underscoring a slower pace in the first half and breaching the upper end of Beijing’s target range.

Markets eye China’s June activity data and Q2 GDP release, with peripheral attention on PPI and crude oil inventories as Asia’s economic calendar unfolds.

June CPI falls 0.4% on the month, pushing annual inflation to 3.5% as reported by Nasdaq and CNBC

JPMorgan reportedly cut earnings expectations for Circle and Coinbase amid rising competition from Hyperliquid and its deal with Circle related to USDC economics

A U.S. trade official said Nvidia's H200 AI chips have begun shipping to China, though volumes remain very limited, with indications that shipments may be restarting after prior pauses.