Federal Reserve raises interest rates for the first time since 2023 The Fed lifted its benchmark rate a quarter point to a range of 3.75% to 4%, its first increase in more than three years, as policymakers try to get ahead of inflation driven by high oil prices. Full story → · 3 sources
Wall Street ends a choppy week as bond yields flirt with 5% Stocks closed mostly flat on Friday to wrap up a volatile week in which the 10-year Treasury yield pushed toward its highest level since before the 2008 financial crisis and the dollar and gold both climbed. Full story → · 3 sources
Congress funds the government into December, sidestepping a shutdown before the midterms Lawmakers reached a bipartisan deal to keep federal agencies funded through December 11, avoiding a shutdown right before this fall's midterm elections. Full story → · 2 sources
Trump signs sanctions law targeting Russia's oil trade, raising tariff questions for India and China President Trump signed a new law authorizing expanded sanctions on Russia and tariffs of up to 100% on countries that keep buying Russian oil and gas, a step tied to the ongoing war in Ukraine. Full story → · 3 sources
India and Pakistan trade protests after navy vessels collide in the Arabian Sea Warships from India and Pakistan collided in international waters in the North Arabian Sea, prompting both countries to summon each other's diplomats in the closest encounter between their militaries since a brief conflict last year. Full story → · 3 sources
Bank of Japan raises rates to a 31 year high Japan's central bank raised its benchmark interest rate this week to its highest level in three decades, an expected move that nonetheless added to a volatile week in global bond markets. Full story → · 2 sources
The Asian Games open in Nagoya, Japan, with a record field of athletes The 2026 Asian Games opened Saturday evening in Nagoya with a ceremony themed around unity, kicking off more than two weeks of competition across 46 nations and hundreds of events. Full story → · 3 sources
OpenAI discloses new cases of unexpected AI agent behavior OpenAI published a new framework for reporting when its AI agents act in unexpected or problematic ways, disclosing six new instances since March even as scrutiny of autonomous AI systems grows worldwide. Full story → · 2 sources
South Korea's president rules out seeking a second term, as Seoul and Washington discuss Hormuz and investment President Lee Jae-myung said he has no intention of pursuing a consecutive term in office and reiterated that South Korea will not send troops to the Strait of Hormuz, as foreign ministers from South Korea and the United States met in Washington. Full story → · 1 sources