Markets
Cross-asset market coverage — indices, macro flows and economic data driving global markets
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Gavin Newsom Backs National Billionaire Tax After $100 Million Language Is Removed
Governor Gavin Newsom is calling for a national billionaire tax and changes to inheritance rules after revised policy language dropped…
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Canada’s Chinese EV Import Quota Starts at 49,000 as Security Debate Intensifies
Canada has opened its market to Chinese electric vehicles under a 49,000-unit annual quota after sharply cutting tariffs. The policy…
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Young Americans Delay Homeownership as 2025 Buying Intent Hits Record Low
Only 25% of U.S. non-homeowners expect to buy a home within five years, the lowest reading since 2013. Among adults…
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Strait of Hormuz Tensions Escalate After Ever Lovely Drone Strike
Shipping risk in the Strait of Hormuz rose sharply after Iran-linked forces struck the Singapore-flagged Ever Lovely and the U.S.…
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US GDP Final Q1 2026 Revised Up to 2.1% as Inflation Stays Hot
The U.S. economy grew at a 2.1% annualized pace in the first quarter of 2026, above the 1.6% estimate. The…
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Micron and Qualcomm Lift Nasdaq Futures as AI Trade Rebounds
Micron’s stronger-than-expected outlook and Qualcomm’s long-range AI targets reignited enthusiasm for semiconductor stocks, sending Nasdaq futures sharply higher. Falling oil…
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Core PCE Inflation Hits 3.4% as Services Keep Price Pressure Elevated
Core PCE inflation rose 3.4% year over year in May, matching forecasts and reaching its highest level since November 2023.…
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US Jobless Claims Fall to 215,000 as Continuing Claims Hit 1.821 Million
Initial jobless claims dropped to 215,000, beating expectations and returning to 2021-era lows. But continuing claims climbed to a three-month…
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Trump Seeks $87.6 Billion Supplemental for Iran Operations, Farm Aid and Ebola Response
President Donald Trump asked Congress for $87.6 billion in emergency funding, with most of the package tied to military costs…
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