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China Weakens Yuan Fixing for Fourth Session as Dollar Advances
China's central bank set the yuan fixing weaker for a fourth consecutive session, signaling greater flexibility in currency management amid a broad dollar advance.
Australia May CPI Headline 4.0% y/y vs 4.3% expected, Core 3.6% y/y vs 3.5% expected
Australia's May headline CPI rose 4.0% y/y, below the 4.3% forecast, while the trimmed mean core CPI came in at 3.6% y/y, above the 3.5% estimate, complicating the RBA's policy path.
Japan services PPI holds at 3.3% as freight and air costs surge
Japan's services producer price index held at 3.3% in May, with ocean freight surging 61.8% and international air passenger costs up 17.3%, reinforcing expectations for further BOJ tightening.
SpaceX Adds Billions in Debt While Cutting Interest Costs
SpaceX has raised billions in new debt while simultaneously lowering its annual interest expense, a financial maneuver that highlights the company's ability to refinance at favorable terms amid a competitive credit market.
Argentina Q1 GDP Beats Forecasts as Economy Shows Resilience
Argentina's economy grew more than expected in Q1 2026, defying headwinds from rising unemployment and lagging wages, which may influence central bank policy on rates.
Dollar Hits Highest Since November on Fed Rate Hike Bets
The US dollar surged to its highest level since November as traders increasingly bet on the Federal Reserve raising interest rates this year, reflecting a hawkish shift in rate expectations.
US sells $69B in 2-year notes at 4.189% yield, auction grade B+
The US Treasury auctioned $69 billion of two-year notes at a high yield of 4.189%, with a tail of -0.3 bps and a bid-to-cover of 2.64x, earning a B+ grade on strong domestic demand.
Porsche to Cut Models in Bid to Revive Margins Hit by Tariffs and China Weakness
Porsche AG confirmed its profit outlook and plans to reduce model complexity to revive margins pressured by US tariffs and weak demand in China.
BTIG Cuts UWM Holdings Price Target to $4 on Rate Pressure
BTIG slashed its price target on UWM Holdings to $4 from $10, citing a tougher interest rate environment and weakened profitability outlook for mortgage originators.
Apollo Caps Withdrawals as Redemption Pressure Mounts
Apollo caps withdrawals from its flagship private credit fund after redemption requests exceed the 5% limit, raising concerns about retail investor outflows and broader industry risk.
US Richmond Fed Composite Index Drops to +4 from +13
The Richmond Fed composite index fell sharply to +4 in June from +13 in May, signaling a setback in regional economic momentum as services and employment weakened.
US June S&P Global Flash Services PMI Rises to 51.3 vs 51.0 Expected
The US June S&P Global flash services PMI came in at 51.3, above the 51.0 consensus, while the composite reading signaled sluggish growth and cooling price pressures.
Morocco Holds Rates Steady for Second Year as Iran Talks Loom
Morocco kept its key interest rate unchanged for a second year, balancing World Cup-linked construction growth against inflation risks amid US-Iran peace talks.
Digital Euro Clears Key Hurdle in EU Parliament Vote
EU lawmakers voted to begin negotiations on the legal framework for a digital euro, a project seen as vital for the bloc's monetary sovereignty and payment system resilience.
Mortgage loan pros are paid to close, not to get you the best rate
Mortgage loan officers and brokers are typically not legally obligated to secure the best rate or terms for borrowers, as their compensation is tied to closing deals rather than fiduciary duty.
Tech Stocks Slide as AI Risks and Rate Hike Fears Weigh
Technology stocks fell sharply as investors weighed AI-related risks and the prospect of further interest rate hikes, pressuring equity valuations and boosting demand for safe-haven bonds.
Euro Hits August Low as Lagarde’s Dovish Tone Diverges From Fed
The euro fell to its lowest since August after weak eurozone data and dovish ECB comments, widening the policy divergence with the Federal Reserve.
AllianzGI Raises $744M for Asia Pacific Private Credit Fund
Allianz Global Investors secured $744 million in commitments for the first close of its Asia Pacific private credit fund, signaling sustained investor appetite for the asset class in the region.
UK June Flash Services PMI Misses Expectations, Signals Contraction
The UK June flash services PMI came in at 48.7, below the expected 50.1, indicating a second consecutive month of contraction and raising recession fears.
ECB’s Lane Warns Inflation May Stay Above 2% for Extended Period
ECB Chief Economist Philip Lane warned that inflation risks staying above the 2% target for an extended period, reinforcing expectations of a cautious approach to rate cuts.
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NowPrice news curates headlines from established financial sources (CoinDesk, Decrypt, Investing.com, MarketWatch, OilPrice, Bloomberg and others). Our editorial team writes concise summaries in 5 languages. We don't republish articles — every story links back to the source.