Japan and the United States jointly bought yen last week in their first coordinated currency intervention since 2011. Officials said they are prepared to act again after the yen’s slide to a 40-year low.
Posts published in “Financial”
Trump said new negotiations with Iran will begin Monday after he halted planned U.S. strikes. Iran has not confirmed the talks, and a semi-official Iranian outlet denied Tehran asked Washington to hold off on military action.
Capital One says it closed more than 300 Trump-affiliated accounts after an anti-money-laundering review, not because of political bias. The bank is seeking permanent dismissal of a lawsuit brought by the Trump Organization and Eric Trump.
The average 30-year fixed mortgage rate rose to 6.66%, the highest level in a year, as inflation worries, oil prices and signals from the Federal Reserve pushed borrowing costs higher. The increase adds pressure to a sluggish housing market marked by high prices and weak sales.
The Bank of England held interest rates at 3.75% but said it could raise them if the Iran war keeps energy prices high. Governor Andrew Bailey stressed the Bank is not currently steering markets toward a hike.
The U.S. economy grew at a 1.5% annual rate in the second quarter, below forecasts, as the Iran war, higher energy prices and rising imports weighed on output. Inflation eased in June but remained above the Federal Reserve’s target, while consumer spending stayed solid.
Sen. Elizabeth Warren and Sen. Adam Schiff asked the SEC to investigate Trump Media’s planned Truth API, which would sell rapid access to influential Truth Social posts, including President Trump’s. Trump Media defended the product as based on publicly available information.
Trump is expected to announce a $22 billion rebuild of Dulles International Airport, including new terminals and the removal of its aging mobile lounges. The plan would expand underground transit and comes after years of complaints about the airport’s facilities and shuttle system.