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Fed Raises Rates to 3.75%-4% for First Time Since 2023; Trump Demands 1%
The Federal Reserve raised interest rates to 3.75%-4% on September 16, 2026, the first hike since July 2023. Fed Chair Kevin Warsh cited elevated inflation and a strong economy. President Trump demanded rates be cut to 1% or lower.
Harper Backs Canada’s Trade Pivot as EU Offers Associate Membership
Stephen Harper says Canada had no choice but to abandon US trade talks. PM Carney seeks EU alliance and unveils $36B tax incentive to attract $1 trillion in investment over five years.
EU Offers Canada First-Ever ‘Associate Member’ Status Amid US Trade Tensions
EU offers Canada unprecedented ‘associate member’ status as trade war with US intensifies. Von der Leyen and PM Carney announce closer ties on energy, AI, defence and critical minerals.
Pentagon watchdog reveals $3.7B in US military losses from Iranian strikes
Pentagon watchdog report reveals $3.7 billion in equipment losses and damage to US bases in Gulf region from Iranian strikes, including nearly 60 aircraft and hundreds of buildings.
White Cliff Minerals Surges 17.7% as Rinehart Invests A$8.7M
Gina Rinehart’s Hancock Prospecting invests A$8.7M in White Cliff Minerals, acquiring 13.5% stake. WCN shares surge 17.7% as copper explorer gains backing from Australia’s richest person.
White Cliff Minerals Surges 17.7% as Gina Rinehart Invests A$8.7M
White Cliff Minerals (WCN.AX) jumped 17.7% after Gina Rinehart’s Hancock Prospecting invested A$8.7M for a 13.5% stake. The deal funds exploration at the Rae copper project in Canada.
Swiss Heating Oil Hits 45% in Two Months as Middle East Crisis Drives Prices to CHF 1.60/Liter
Swiss heating oil prices jump 45% to CHF 1.60/liter in two months due to Middle East tensions. Industry warns of delivery delays as homeowners rush to order before winter.
Diesel Hits Record $6.06 a Gallon as Middle East War Disrupts Supply
US diesel prices hit a record $6.06 per gallon on September 11 as Middle East conflict damages Saudi pipelines and disrupts refining. Higher transportation costs expected to ripple through food and retail prices.
Social Security COLA 2027 Projected at 3.5%-3.6%, Highest in 4 Years
Social Security COLA for 2027 projected at 3.5% to 3.6%, the highest in 4 years. Average retiree benefit could rise $68 to $75 monthly. Official announcement October 14.