South Africa Inflation Plunge Backs Case for Rate Cut Next Month

(Bloomberg) -- South Africa’s inflation rate dropped to the lowest level in three years, supporting the case for monetary policy easing this quarter. Most Read from BloombergThe Serious Work That Free Play Can Do‘Train Lovers’ Organize to Support Harris and Walz in Presidential BidPart of Downtown Montreal Is Flooded After Water Pipe BreaksClimate Disasters Are an Affordable Housing ProblemConsumer prices rose 4.6% in July from a year earlier, compared with 5.1% in June, Statistics South Africa

Strong Yen Weighed on Japan’s Trade Balance in July, Fed Speakers up Next

FTC's bid to ban noncompete agreements rejected by federal judge in Texas

A federal judge in Texas has blocked a new rule from the Federal Trade Commission that would have made it easier for employees to quit a job and work for a competitor. In a ruling Tuesday, U.S. District Judge Ada Brown granted a motion for summary judgement filed by the U.S. Chamber of Commerce and other plaintiffs, and rejected the FTC's own petition for a judgement in its favor.

Gold touches record high amid 'firm demand' from central banks and ETFs

Indonesia, Thailand Set for Rate Pause as They Await Fed Easing

(Bloomberg) -- Policymakers in Southeast Asia’s two largest economies will probably keep interest rates unchanged on Wednesday as they weigh uncertainties over political transitions while awaiting the Federal Reserve’s imminent easing.Most Read from BloombergThe Serious Work That Free Play Can Do‘Train Lovers’ Organize to Support Harris and Walz in Presidential BidPart of Downtown Montreal Is Flooded After Water Pipe BreaksClimate Disasters Are an Affordable Housing ProblemThirty-four of 36 econ

Stock market today: S&P 500, Nasdaq snap 8-day winning streak as focus turns to Jackson Hole

Netflix stock secures record close as company touts ad sales ahead of NFL, WWE debuts

Federal court shoots down STB’s streamlined rate dispute resolution process

A federal appeals court on Tuesday tossed out the Surface Transportation Board’s streamlined process for resolving rate disputes between shippers and railroads. The post Federal court shoots down STB’s streamlined rate dispute resolution process appeared first on FreightWaves.

People are worried about losing their jobs even though the economy is good—it’s a ‘vibecession’

The percentage of people looking for jobs over the past four weeks in July was at a nine-year high, according to a Fed survey.

Macy's to report Q2 earnings as it doubles down on new strategy, ends buyout deal discussions