The U.S. President Donald Trump administration has refunded about $100 billion of the tariff revenue it collected under the 2025 “Liberation Day” duties, U.S. Customs and Border Protection (CBP) told a federal court this week. The refunds follow a Supreme Court ruling that struck down the tariffs as illegal, and a subsequent court order requiring […]
Q2 GDP growth moderated to an annualized 1.5%. This slowdown from prior quarters arrives alongside a steadier signal: underlying private-sector demand in the United States has not softened at the same pace. Brent crude has traded above $89 a barrel through the quarter, keeping energy costs elevated even as broader inflation readings show mixed signs […]
The Federal Reserve’s July 29 decision to hold its benchmark rate at 3.50%–3.75% is still working its way through markets, and Monday’s ISM Manufacturing PMI report gave investors their first hard data point to test the central bank’s internal split. For payments and lending, the combination points to a stretch of elevated borrowing costs running […]
The Bureau of Economic Analysis publishes the Q2 GDP advance estimate and the June Personal Consumption Expenditures (PCE) price index at 8:30 a.m. ET today, according to BEA’s official release schedule. The data release timing is less than 24 hours behind Wednesday’s Federal Open Market Committee decision to hold the federal funds rate at 3.50%-3.75%.
On July 29, Federal Open Market Committee has voted on the federal funds rate with a ratio of 9-3 in favor of maintaining the rate within the 3.50%-3.75% range. This was the first time Federal Open Market Committee Chair Kevin Warsh had to face dissenters since he took office. The opposition has come from three […]
The Federal Open Market Committee began its two-day meeting on July 28. The rate decision lands Wednesday, July 29, at 2:00 p.m. ET, followed by Fed Chair Kevin Warsh’s press conference at 2:30 p.m.
Global markets entered the week caught between geopolitical uncertainty and the start of one of the busiest periods of the corporate earnings season, creating a challenging backdrop for payments and fintech companies preparing to report quarterly results.
Escalating geopolitical tensions in the Middle East are doing more than shaking global financial markets. They are also making cross-border payments more expensive. Here’s how. Rising oil prices and geopolitical tensions are increasing cross-border payments costs by driving foreign exchange volatility and raising hedging expenses for payment service providers. Combined with diverging Federal Reserve and […]
Governments worldwide are on track to spend $1.1 trillion on fossil fuel subsidies in 2026, a new report from the United Nations Development Programme (UNDP) finds. If oil prices climb to $110 a barrel, up from a current average of $88.60, that figure could even reach $1.43 trillion.
With a population of 270 million, over 65 million MSMEs, and a staggering 77 million unbanked adults, Indonesia stands as the ultimate frontier for financial evolution in Southeast Asia. Driven by a massive payments infrastructure that processed over 16 billion transactions last year and backed by a government committed to a bold 8% GDP growth […]
A new analysis from climate advocacy group 350.org suggests that elevated oil and gas prices could continue to impose substantial costs on households and businesses through the remainder of 2026, even as diplomatic efforts between the United States and Iran advance and shipping through the Strait of Hormuz resumes.
Rising travel costs and a wave of operational disruptions are pushing more travelers to dispute charges directly with their banks rather than seek refunds from airlines, hotels and booking platforms, according to new industry data.
Organizer VUKA Group has announced the advisory board for DRC Mining Week 2026, scheduled for June 17–19 at the Pullman Grand Karavia Hotel in Lubumbashi, Democratic Republic of Congo.
Conservation company Everland announced the launch of HALO (Holistic Alignment for Lasting Outcomes), a financing facility intended to provide early-stage and continuity funding for community-led forest conservation projects.
A report from financial information site DayTrading.com found that 75% of the most-watched investing videos on TikTok were misleading, with the proportion carrying no risk warning rising from 30% to 60% between September 2025 and April 2026.
The UK government has introduced legislation that would impose the strictest late payment rules in the G7, placing new legal obligations on large companies and giving small businesses their strongest protections in more than a quarter of a century.
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