latest news in economy
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
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
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
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
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
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
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 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.