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U.S. stocks opened higher on Wednesday, snapping a three-day slide, after the Treasury Department announced plans to at least double its purchases of longer-term bonds, easing pressure on yields. Strong earnings from retailers and biotech firms, including Moderna and Merck, also supported the market.
Vice President JD Vance made his first trip back to Middletown, Ohio, since taking office, speaking at a steel plant where his grandfather once worked and touting a major investment. The visit, framed around the Trump administration's economic agenda, comes as polls show shifting voter confidence on the economy ahead of November's midterm elections.
Treasury Secretary Scott Bessent announced a plan to more than double buybacks of long-term U.S. debt, a 'Treasury twist' aimed at lowering borrowing costs. While yields initially fell, they quickly rebounded, with the 10-year closing the week near 4.73% and the 30-year at 5.24%. Analysts question the plan's effectiveness amid record $40 trillion debt, inflation concerns, and uncertainty over Fed policy.
A U.S. Army battalion in Georgia is offering soldiers a four-day pass to play Grand Theft Auto VI when it releases in November, provided they reenlist for at least two more years. The incentive, limited to the 9th Brigade Engineer Battalion at Fort Stewart, has already been selected by 20 of the 130 eligible soldiers.
Washington, D.C., hosts its first IndyCar race this weekend as the Freedom 250 Grand Prix takes over the National Mall and Pennsylvania Avenue. President Trump and first lady Melania Trump are scheduled to attend, with Trump set to lead the prerace kickoff in the presidential limousine. The event marks the finale of a summer of celebrations for the nation's 250th anniversary.
Ukrainian President Volodymyr Zelenskyy has firmly rejected former defense minister Mykhailo Fedorov's call for elections during wartime, warning they would be a 'tsunami' that could destroy the country. The dispute highlights growing internal political tensions as Russia continues its offensive and Ukraine faces missile shortages and funding gaps.
Syria and Israel held high-level, US-mediated talks in Jordan on Sunday aimed at easing tensions after recent Israeli strikes, with discussions focused on halting attacks and reviving security negotiations. Foreign Minister Asaad al-Shaibani said Syria expects talks to resume soon despite a lack of trust, while reports of a separate meeting between al-Shaibani and Mossad chief Roman Gofman surfaced.
Iranian Parliament Speaker Mohammad Bagher Ghalibaf visits Iraq, urging regional cooperation without foreign interference and warning that talks with the US are fruitless without military readiness. The trip coincides with US pressure on Iraq to disarm Tehran-aligned factions and a government deadline for weapons handover.
Sen. Jon Ossoff's joke about President Trump's aide Natalie Harp has sparked a fierce backlash, with White House allies defending Harp and attacking the senator. Harp's estranged brother described her loyalty as 'unhealthy obsession' after learning she reportedly jumped into an SUV trunk to accompany Trump.
Ahead of South Carolina's GOP Senate runoff, Sen. Darline Graham faces criticism after admitting she is "not that informed on national security" during a debate, while President Trump and Sen. Tim Scott rally to her defense.
Analysts expect Ofgem to raise the energy price cap by 4% for October, pushing typical household bills to £1,729 a year. Energy UK warns of record debt and calls for a new social discount scheme, while the government highlights VAT cuts and the Warm Home Discount.
Iran's armed forces warned Gulf countries on Wednesday against assisting the U.S. military, hours after the United Arab Emirates announced it was halting all trade and financial dealings with Iran following an alleged missile attack. The UAE accused Iran of firing two ballistic missiles at its territory on Tuesday, a claim Tehran denied. The escalation comes amid a broader U.S.-Iran conflict centered on the Strait of Hormuz, with oil prices rising above $90 per barrel.
The US and Canada have reached a tentative trade deal, prompting President Trump to pause planned 50% tariffs on Canadian goods for three days. Negotiators are finalising details, with both leaders expressing optimism despite unresolved issues.
The United States and South Korea have agreed to end their annual Ulchi Freedom Shield exercise about a week early, following President Trump's order to scale back the drills. North Korea's Kim Yo-jong dismissed the reduction as insignificant, while political reactions in Seoul have deepened domestic divisions and tensions with Pyongyang.
The Ulchi Freedom Shield exercise between the US and South Korea ended six days early on Friday after President Trump ordered a substantial reduction, citing cost and the message it sent to North Korea. The move, seen as a conciliatory gesture, drew a cool response from Pyongyang and raised concerns among experts about defense readiness.
Trade negotiations between the US and Canada collapsed at the last minute, triggering 50% US tariffs on about $20 billion of Canadian goods. Canada's Prime Minister Mark Carney announced retaliatory tariffs, matching the US measures 'dollar for dollar', set to take effect on September 8.
The United Arab Emirates has halted all trade, commercial exchanges and financial transactions with Iran indefinitely, accusing Iranian forces of firing two ballistic missiles at its territory. Iran denied the allegation, calling it a 'false flag operation' by the US and Israel, as tensions continue to disrupt shipping through the Strait of Hormuz and keep energy prices elevated.
Syrian Foreign Minister Asaad Hassan al-Shaibani concluded a two-day visit to Pakistan, marking the first such trip in nearly two decades. The visit produced proposals for a joint business council and investment forum, as well as reaffirmations of political and defence cooperation.
U.S. President Donald Trump's 50% tariffs on Canadian goods took effect Saturday after negotiations collapsed, prompting Canada to promise 'dollar for dollar' retaliation. The escalating trade war casts a shadow over a major investment summit in Toronto next month, where leaders will pitch Canada to global investors amid uncertainty.
Fresh US tariffs on Canadian goods took effect at midnight Saturday after last-minute talks broke down. Prime Minister Mark Carney suspended negotiations and vowed to match the tariffs 'dollar-for-dollar,' while Washington blamed Canada for the collapse.