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Bank of England holds interest rates despite Iran war inflation threat - as it happened

1 hour agoCenter Left

Live, rolling coverage of business, economics and financial markets as three members of monetary policy committee vote to raise ratesThat German GDP reading has indeed contributed to the wider eurozone hitting expectations – and then some.The eurozone economy grew by 0.4% in the second quarter of 2026, according to the preliminary reading from Eurostat – defying the gloom caused by the US-Israeli war on Iran. Continue reading...

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Trump public health nominees advance in Senate despite Democratic opposition over vaccines

Washington Examiner

1 hour ago

Trump public health nominees advance in Senate despite Democratic opposition over vaccines

The Senate health committee greenlit two of President Donald Trump’s top public health nominees after scrambling last week to garner enough support for them because of doubts about their willingness to promote vaccines. Dr. Erica Schwartz, Trump’s nominee for the Centers for Disease Control and Prevention, along with Sean Kaufman, the nominee for a pandemic […]

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Trump Silent as Iran War Delivers Brutal News on Economy

The New Republic

1 hour ago

Trump Silent as Iran War Delivers Brutal News on Economy

U.S. economic growth dropped to 1.5 percent in the second quarter, down from a 2.1 percent annual rate in the first three months of the year, the Commerce Department’s Bureau of Economic Analysis reported Thursday. Economists were expecting a GDP growth rate of 1.8 percent, but thanks to President Trump’s Iran war, disastrous tariffs (including new tariffs levied on more than 50 countries last week), and cuts to government spending, we are, once again, not doing as well as Trump claims.“Americans are feeling gloomy: consumer confidence remains in the doldrums as households worry about rising costs,” The Economist reports. “Although annual inflation slowed to 3.5 percent in June from 4.2 percent in May, thanks largely to a temporary fall in petrol prices, renewed fighting has since pushed oil prices higher again.”Regular gasoline came in at an average of $4.22 a gallon in the second quarter, a dramatic increase from less than $3 a gallon before the U.S. and Israel began the war on Iran in February. Now that the shaky U.S.-Iran ceasefire is dead, Americans are bracing, once again, for painful prices at the gas pump. These latest figures reaffirm that the main concern right now for Americans is cost—of just about everything. Even Fox News recognizes that voters are unhappy with Trump’s economy and want “major change.” And by “major change,” we do not mean more tariffs. Plus, the Federal Reserve opted to hold interest rates steady for a fifth consecutive meeting on Wednesday. New Fed chairman Kevin Warsh acknowledged that there’s no quick fix to ease the cost of living, telling reporters there is no “magic wand” to bring prices down. In other words, Americans are getting the worst of both worlds: an economy that’s slowing down while prices keep climbing.But of course, in Trump’s own words, he “doesn’t think about Americans’ financial situation” when making decisions about the war in Iran.

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Stocks rebound from steep Fed sell-off as investors doubt whether Warsh will raise interest rates

New York Post

1 hour ago

Stocks rebound from steep Fed sell-off as investors doubt whether Warsh will raise interest rates

Meanwhile, key oil benchmarks fell Thursday despite rising tensions in the Middle East.

Right

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Netanyahu Defies Mamdani’s Arrest Threats as Polymarket Gives 85% Odds of New York Visit

The Gateway Pundit

1 hour ago

Netanyahu Defies Mamdani’s Arrest Threats as Polymarket Gives 85% Odds of New York Visit

Despite repeated threats from New York City Mayor Zohran Mamdani against Israeli Prime Minister Benjamin Netanyahu, prediction markets are signaling overwhelming confidence that the Israeli leader will travel to New York before September 30. The post Netanyahu Defies Mamdani’s Arrest Threats as Polymarket Gives 85% Odds of New York Visit appeared first on The Gateway Pundit.

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Bloomberg Politics

1 hour ago

Kevin Warsh Sparks Bond Rout After Fed Decision; US Strikes Iran Again | Daybreak Europe 7/30/2026

Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. On today's show, US 30-year treasury yields hit their highest since 2007 after the Federal Reserve held interest rates for the fifth straight meeting. The hold raised doubts about Chairman Kevin Warsh's commitment to tackling inflation. Samsung reported a 250-fold jump in profit at its semiconductor arm, easily beating expectations. Microsoft’s cloud unit grew at the fastest clip in four years. Today's guests: Jean-François Decaux, JCDecaux, Co-CEO; Ellie Henderson, Investec, Economist & Olivier Blum, Schneider Electric, CEO (Source: Bloomberg)

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The Intercept

3 hours ago

Donald Trump and Wars of Choice

Trump’s latest war is wrapped up in his egocentric narcissism and his me, me, me world. The post Donald Trump and Wars of Choice appeared first on The Intercept.

Far Left

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'What happens now?': Trump reportedly caught flat-footed by GOP revolt

Raw Story

4 hours ago

'What happens now?': Trump reportedly caught flat-footed by GOP revolt

President Donald Trump's thought Acting Attorney General Todd Blanche would face smooth sailing to replacing fired AG Pam Bondi — and he's been shaken by a rare GOP revolt, according to a new report. The White House inner circle was not prepared for the pushback being led by Sens. John Cornyn (R-TX) and Thom Tillis (R-NC) with more GOP lawmakers now raising questions about the president's former lawyer, MS NOW reported Thursday. According to the report, Blanche may never be confirmed. Trump seemed convinced Blanche's confirmation would be routine, telling reporters, "All I can say is Todd Blanche is outstanding, and I thought it was pretty routine because he's so good."MS NOW reporting that White House insiders are also "surprised."However, the Senate Judiciary Committee postponed Thursday's scheduled vote after Republicans made clear they lacked the votes to advance Blanche. Cornyn and Tillis, both departing Congress at year's end, are wielding their lame-duck independence as a weapon against Trump's agenda.Blanche's path beyond the committee is equally treacherous. Sen. Susan Collins (R-ME) is demanding answers about the anti-weaponization fund and IRS provisions. Sen. Lisa Murkowski. (R-AK) declined to comment on her position—a deafening silence that signals skepticism, MS NOW reported."If the committee votes to advance Blanche next Tuesday, the earliest Senate Majority Leader John Thune, R-S.D., could move to the nomination on the floor is Wednesday," the report stated. "Without time agreements, senators would be voting on cloture — a procedural motion to end debate — on Friday, which is the same day the Senate is scheduled to leave for its August recess," wrote MS NOW's Mychael Schnell. "But what happens now is anyone’s guess."

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US Strikes Iran in Wake of Surprise Attack on American Forces

NBC News Politics

5 hours ago

US Strikes Iran in Wake of Surprise Attack on American Forces

The United States launched major strikes against Iran Thursday morning after President Donald Trump vowed to hit the regime “very hard” as retaliation for a surprise attack on American forces in the region earlier in the week. It comes as a new poll shows 72% of Americans disapprove of the president's handling of Iran. NBC’s Gabe Gutierrez reports for TODAY.

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Bank of England holds interest rates despite Iran war inflation threat - as it happened

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Bank of England holds interest rates despite Iran war inflation threat - as it happened

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