Trump facing AI backlash in Congress as push for guardrails intensifies
Donald Trump is facing a rare backlash from the US Congress as Democrats and some Republicans push for guardrails on the world’s most powerful AI companies.
Economy
Gold remains vulnerable near one-month low, below $4,300 amid Fed hike bets, bullish USD
Gold (XAU/USD) trades with a mild negative bias below the $4,300 mark heading into the European session on Tuesday and remains close to an over one-month low, which it touched the previous day. The downside, however, re…
Houthis seize strategic Red Sea islands as analysts warn of impending oil crunch
The militant group in Yemen captured the islands of Greater and Lesser Hanish, near the chokepoint of the Bab al-Mandab strait
Canadian Dollar consolidates near 1.3900 as oil gains offset bullish USD ahead of Fed
The USD/CAD pair holds steady near the 1.3900 mark during the Asian session on Tuesday, stalling the previous day's modest pullback from a nearly two-week top. Traders, however, seem hesitant to place aggressive directi…
Gold falls below $4,300 as higher US yields bolster Fed rate hike bets
Gold price (XAU/USD) tumbles to near $4,295 during the early Asian session on Tuesday. The precious metal faces some selling pressure as rising bond yields and surging energy prices strengthen expectations that the US F…
Australian Dollar gets caught between AI selloff and 5% US yields
The Aussie Dollar registered losses of over 0.73% on Monday as sentiment soured due to a fall in technology shares, along with heightened tensions in the Middle East, high energy prices, and a jump in bond yields. The A…
Iran's President Pezeshkian: Our demands are the same as our previous demands
Iran's President Masoud Pezeshkian said on Monday that Tehran is not at war with Saudi Arabia. Pezeshkian added that Iran’s demands for negotiation with the United States (US) are the same as our previous demands.
I got paid $5,000 to move to a place I'd never heard of
When Brianna Beyrouti looks back on her former life in the city of Portland, Oregon, she says she had been financially "drowning".
AI 'kill switch' may need to be mandatory, Anthropic co-founder tells BBC
An artificial intelligence "kill switch" which can be checked by a third party may need to be mandatory for companies, a co-founder of one of the world's largest AI firms has told the BBC.
Pubs in England and Wales to allow digital ID apps to prove age
Alcohol buyers will be able to use a digital ID app on their phones to prove their age under new rules introduced on Tuesday.
Japanese Yen weakens as Fed rate hike looms
The USD/JPY pair gains ground to near 154.55 during the early Asian session on Tuesday. The US Dollar (USD) strengthens against the Japanese Yen (JPY) as traders ramp up their bets on a US interest rate hike in Septembe…
WTI rises above $98.50 amid Middle East supply fears
West Texas Intermediate (WTI) oil price extends its gains for the second successive day, trading around $98.60 per barrel during the Asian hours on Tuesday. Crude oil prices appreciate as traders continue to navigate he…
Visa and Mastercard shares fall on UK payments rival report
Year to date, Mastercard Incorporated MA shares have declined 14.9%, trailing rival Visa Inc. V, which is down 8.9%, while American Express Company AXP has lost 15.6%. The broader industry dropped 17.5%, so MA isn't alo…
US Dollar: Hawkish Fed may offer only limited gains - BBH
Brown Brothers Harriman’s (BBH) Elias Haddad expects the Federal Open Market Committee (FOMC) to deliver a 25 bps hike to 3.75%-4.00%, its first move since July 2023, justified by above-target inflation and a solid labo…
USD/CAD Price Forecast: Buyers challenge 100-day SMA after double-bottom formation
USD/CAD edges higher on Monday as Fed rate hike expectations lift the US Dollar (USD) to a nearly two-week high, while rising Oil prices provide little support to the commodity-linked Canadian Dollar (CAD).
Trump Allies Push Back as Fed Prepares for Possible Rate Hike
Federal Reserve Chair Jerome Powell has endured nearly every crisis a central banker can face during his eight years at the helm of the Fed: blistering public attacks during President Donald Trump’s first term, an unpre…
US Dollar Index: Fed pricing supports gains – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note the US Dollar (USD) is firm at the start of FOMC week as swaps now price an 85% chance of tightening on Wednesday. They highlight that US Dollar Index (DXY) is …
Bank of America CEO sees at least 10% drop in Q3 investment banking fees
The precious metal closed at $4,042.03 after hitting an intraday peak of $4,059.31, extending gains that have made it one of 2025's best-performing assets with a 52% year-to-date surge.
Pubs, hotels and gyms in Wales to get 30% business rates cut
Taxes paid by pubs, hotels and cinemas in Wales will fall after the Welsh government announced a 30% cut in some business rates.
Japanese Yen weakens at the start of a central bank-heavy week
USD/JPY climbs on Monday as US Dollar (USD) demand picks up ahead of the Federal Reserve’s (Fed) interest rate decision on Wednesday.
Europe must build own AI or risk getting cut off by US or China, says ECB’s Lagarde
Central bank chief says continent’s AI dependency could give trade partners unprecedented leverage in negotiations
Government moves to nationalise Speciality Steel UK to protect 1,300 jobs
Firm, once part of Sanjeev Gupta’s empire, fell into administration last year but has failed to find buyer
Premier Payment Solutions Ltd enters liquidation
On 10 September 2026, Premier Payment Solutions Ltd, which traded as PPS Money and MTBS (together, 'PPS Money'), entered liquidation. Bai Cham and Gary Shankland of BTG Begbies Traynor were appointed joint liquidators.
Euro slides against the Pound as a UK jobs test looms
EUR/GBP slides on Monday, trading around 0.8560 as the Euro (EUR) side of the cross is underpinned by a European Central Bank (ECB) that remains hawkish. The pair hit a two-week low of 0.8554 earlier in the day before t…