By Priya Raman
Economist by training. Covers central banks, inflation, jobs data and the policy decisions that shape the cycle.
Petrobras profit jumps 96% as oil rises, but fuel subsidies lag
Brazil's state-run oil giant Petrobras reported a 96% jump in second-quarter net profit and announced 17.4 billion reais in payouts. However
Virginia governor enters NextEra-Dominion merger review, seeking stronger promises
Virginia Gov. Abigail Spanberger plans to intervene in the state's review of NextEra Energy's $66.8 billion merger with Dominion Energy. She
July jobs report expected to show 80,000 payroll gain, steady unemployment
Friday's jobs report is expected to show 80,000 new payrolls in July, with unemployment holding at 4.2% and wage growth steady at 3.5%. Mixe
Gold slips as oil jumps on Hormuz report, rate bets firm
Gold slipped as oil prices jumped over 4% on a report that Iran may restrict shipping in the Strait of Hormuz. The move also nudged traders
Alberta's job growth is led by health care and government, not oil
Alberta added 79,000 jobs year-over-year in June, but the gains came from health care and government, not oil and gas. RBC says energy hirin
AI spending lifts Canada's business investment plans to 30%
Canadian businesses are increasingly planning to boost machinery and equipment spending, with the net share hitting 30% in a Bank of Canada
Workers' share of US output hits record low as productivity outpaces pay
The BLS reported labor's share of output dropped to 52.9% in Q2, the lowest since 1947. Productivity gains outpaced wage growth, shifting mo
Sempra raises outlook as Texas power demand hits record 91 GW
Sempra raised its outlook after a strong second quarter, as Texas power demand hit a new July record of 91 gigawatts. The utility's earnings
Jobless Claims Hold Near Multi-Year Low, Easing Recession Fears
US jobless claims held near multi-year lows last week, coming in at 199,000 versus the 205,000 economists expected. Continuing claims rose t
Oil Holds Near $79 as Hormuz Talks Meet Fed Rate Concerns
Brent crude held near $79 a barrel as Iran and Oman worked on a joint statement about the Strait of Hormuz, while Federal Reserve officials
Italy's factory output drops 1% in June, clouding 2026 growth hopes
Italy's industrial production fell 1.0% in June, missing forecasts for a small rise. The slump tests confidence in the country's 2026 growth
Sweden's July inflation cools to 0.8% but underlying price pressures persist
Sweden's headline inflation cooled to 0.8% in July, but a key underlying gauge rose more than forecast. Most economists expect the Riksbank