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15.07.26 - 13:12
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BNY Earnings Up In Q2 (AFX)
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NEW YORK CITY (dpa-AFX) - The Bank of New York Mellon Corp. (BNY), on Wednesday, reported higher net income in the second quarter of 2026 compared with the previous year, primarily driven by highe......
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07.07.26 - 19:06
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1 Year Inflation Expectations Jump To 3 Year High In Latest NY Fed Consumer Survey (ZeroHedge)
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1 Year Inflation Expectations Jump To 3 Year High In Latest NY Fed Consumer Survey
Inflation as measured by the CPI may have peaked, but Americans' expectations for inflation over the near and medium term rose notably in June according to a Federal Reserve Bank of New York survey released Tuesday, with strong increases anticipated for medical care costs and rent,
Consumers now see inflation at 3.7% over the next year, up from 3.5% in May, the highest since September 2023. Expectations for inflation in three years increased to 3.3%, the highest since June 2022, up from 3.1%, while estimates for inflation in five years remained steady at 3%.
After months of facing higher energy costs, consumers said they see gas prices rising at the lowest rate since mid-2022. Their outlook for food prices also improved slightly in June, though households expect higher bills for medical care and rent. As shown below, median year-ahead commodity price change expectations increased by 0.5% point for the cost of...
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24.01.26 - 15:01
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US Pledges To ′Starve′ Iraq Of Oil Revenue If Pro-Iran Parties Join New Government (ZeroHedge)
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US Pledges To 'Starve' Iraq Of Oil Revenue If Pro-Iran Parties Join New Government
Via The Cradle
Washington has threatened to block Iraq's access to its own oil revenue held in the Federal Reserve Bank of New York if representatives of Shia armed parties enjoying support from Iran are included in the next government, Reuters reported Friday.
"The US warning was delivered repeatedly over the past two months by the US Charges d'Affaires in Baghdad, Joshua Harris, in conversations with Iraqi officials and influential Shi'ite leaders," Reuters reported, citing three Iraqi officials and one source familiar with the matter.
via AFP
The threat is part of US President Donald Trump's effort to weaken Iran through a "maximum pressure" campaign of economic sanctions, including on the Islamic Republic's oil exports. Trump also bombed Iran's nuclear sites as part of Israel's unprovoked 12-day war on Iran in June.
Because of US sanctions, few countries can trade with Iran...
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