Your morning briefing. All the news you need to start your day.
On today's podcast:
(1) Prime Minister Mark Carney’s government sees little chance of resuming talks with President Donald Trump before the midterm elections after trade negotiations collapsed, according to people familiar with the matter.
(2) Oil dropped after two weeks of gains, with the market waiting to see the US economic isolation plan for Iran due to be released later Monday.
(3) It’s a crucial week for markets, with investors looking to Fed Chair Kevin Warsh’s comments at Jackson Hole, Wyoming, for clues on the path for interest rates as elevated oil prices stoke inflation pressures and bond yields soar to multi-decade high.
(4) Ukraine offered Russia a truce on attacks against ships carrying agricultural commodities through the Black Sea, but Moscow rejected the deal because it wanted guarantees against strikes on its energy infrastructure, Ukrainian President Volodymyr Zelenskyy said.
(5) Donald Trump’s family is on the verge of having its very own bank. t’s now easier than at any time in almost 20 years to get a national bank charter, thanks to the Trump administration’s deregulation push.
(6) Investment in UK financial technology firms fell to the lowest level since at least 2016 in the first half of this year, as funders flock to companies tied to artificial intelligence and can show long-term growth.
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