Global Markets

Secretary Yellen says that next month the U.S. Treasury Department will probably exhaust its options for avoiding payments default, unless the debt ceiling is increased or removed.

The deceleration reflects growing fears about the Covid-19 delta variant and difficulties filling vacant positions. U.S. payrolls are still 5.3 million below their pre-pandemic level.

Core capital goods orders did not change in July, after increasing 1% in June.

"The trick is not to see each thing that China says or does as an independent development. It's all a piece of a bigger puzzle," according to JPMC.

Congratulations to Microsoft, winner of the 2021 Gold Alexander Hamilton Award in the category Best Practices in Restricted/Emerging Markets!

She sees risk of default as early as October, if Congress fails to act on a debt-limit hike when the two-year suspension ends on Saturday.

Chinese policy shift will likely prevent the country's businesses from listing on U.S. stock exchanges going forward.

Disinterest in reopening communication channels active under President Obama indicates a continuing deterioration in ties between the world's two biggest economies.