Trump vows to hit Iran hard after latest strikes
United States President Donald Trump has vowed to retaliate against Iran after Tehran launched attacks targeting U.S. forces in Jordan and the United Arab Emirates, marking the first direct exchange of strikes between the two sides in several weeks. Trump told Fox News on Monday that the U.S. would "hit them hard" in response to the Iranian attacks, while warning that further military action ag
Cotality's Home Value Index falls 0.9% in August
Australia's housing downturn broadened through winter, with home values falling across 93% of capital city suburbs as weaker demand, elevated listings and affordability pressures weighed on the market. Cotality's national Home Value Index fell 0.9% in August, marking a fifth consecutive monthly decline and leaving national home values 3.6% below the market peak recorded in March. The proport
Warsh sharpens inflation warning at Jackson Hole
Federal Reserve Chairman Kevin Warsh delivered a more hawkish assessment of inflation at Jackson Hole on Friday, prompting traders to increase bets on an interest rate hike at the Federal Reserve's September meeting. Warsh said elevated prices should remain the central bank's primary focus and described financial conditions as not broadly restrictive, a shift from his July news conference, when
Wall St ends lower; oil spike fuels inflation fears
United States benchmark averages finished lower on Monday (Tuesday AEST) as a sharp rise in oil prices stoked inflation concerns and increased expectations that the Federal Reserve could keep monetary policy tighter for longer. The Dow Jones Industrial Average fell 374.1 points, or 0.7%, to 53,185.9, while the S&P 500 declined 25.6 points, or 0.3%, to 7,686.1. The Nasdaq Composite slipped 31.5
Trump: Venezuelan oil deal will help refill US reserve
United States President Donald Trump said oil secured under a newly announced agreement with Venezuela will be used to replenish the Strategic Petroleum Reserve (SPR), which has been heavily drawn down in recent years to respond to global supply disruptions and high fuel prices. Trump said in a post on Truth Social that the "topping out" process would begin shortly, describing the crude as a "G
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