latest news in economy

Why Rota Residents Face Skyrocketing Power Bills After Typhoon Grid Restoration

Why Rota Residents Face Skyrocketing Power Bills After Typhoon Grid Restoration

Rota, Friday, 21 August 2026.
Following Super Typhoon Bavi, Rota residents receiving restored power face skyrocketing utility bills over $1,000, with some seeing virtually no bill reduction despite slashing energy usage by nearly 40%.

How the Federal Reserve Plans to Regulate New Banking Technologies

How the Federal Reserve Plans to Regulate New Banking Technologies

Washington, Thursday, 20 August 2026.
Federal Reserve official Randall Guynn outlined a strategy to supervise financial technology and artificial intelligence, balancing innovation with banking stability to protect the broader financial system.

US Government Offers Highest Inflation-Protected Bond Returns in Quarter Century

US Government Offers Highest Inflation-Protected Bond Returns in Quarter Century

Washington, Thursday, 20 August 2026.
An August 2026 auction of long-term government inflation-protected bonds reached a 25-year high yield of 2.973%, with international investors surprisingly purchasing 84.4% of the total offering.

Federal Reserve Approves NatWest Expansion Into Connecticut

Federal Reserve Approves NatWest Expansion Into Connecticut

Washington, Thursday, 20 August 2026.
The Federal Reserve Board approved NatWest’s application to open a representative office in Stamford, Connecticut, strengthening transatlantic financial connections and expanding the British bank’s U.S. institutional footprint.

US Budget Deficit Has Likely Peaked, Says Treasury Secretary Scott Bessent

US Budget Deficit Has Likely Peaked, Says Treasury Secretary Scott Bessent

Washington, Thursday, 20 August 2026.
Treasury Secretary Scott Bessent stated US deficits have peaked as national debt topped $40 trillion, signaling spending stabilization and expanded bond buybacks to manage rising borrowing costs.

Mangrove Property Insurance Lists First Catastrophe Bond on Bermuda Exchange

Mangrove Property Insurance Lists First Catastrophe Bond on Bermuda Exchange

Hamilton, Thursday, 20 August 2026.
Florida’s Mangrove Property Insurance celebrated listing its inaugural $111 million catastrophe bond on the Bermuda Stock Exchange, expanding capital market protection against severe storm risks.

Federal Reserve Lifts Major Regulatory Restrictions on Deutsche Bank

Federal Reserve Lifts Major Regulatory Restrictions on Deutsche Bank

Washington, Thursday, 20 August 2026.
The Federal Reserve terminated a nine-year enforcement action against Deutsche Bank, signaling major compliance progress, while simultaneously issuing new restrictions against smaller regional banking entities.

US Jobless Claims Fall as Layoffs Remain Low

US Jobless Claims Fall as Layoffs Remain Low

Washington, Thursday, 20 August 2026.
US initial unemployment claims fell to 206,000, signaling steady corporate job security, though continuing claims rose to 1.799 million, indicating that displaced workers face longer hiring searches.

Federal Reserve Warns of Rising Liquidity Risks in Bank Loan Funds

Federal Reserve Warns of Rising Liquidity Risks in Bank Loan Funds

Washington, Thursday, 20 August 2026.
A new Federal Reserve report reveals that hard-to-sell assets in bank loan mutual funds have reached levels last seen during the 2020 pandemic, raising systemic financial risks.

US Stock Futures Rise as Bond Yields Drop

US Stock Futures Rise as Bond Yields Drop

New York, Thursday, 20 August 2026.
US stock futures ticked upward on Thursday as falling Treasury yields provided relief to equity markets, counteracting recent losses driven by persistent inflation concerns and rising geopolitical friction in the Middle East.