https://www.wsws.org/en/topics/site_area/worldhttps://www.wsws.org/en/articles/2026/06/09/clvs-j09.htmlThe USMCA (US-Mexico-Canada) trade pact is due for review on July 1, with negotiations likely to run past the deadline.Tue, 09 Jun 2026 02:44:10 GMThttp://www.wsws.org/asset/ebd180ea-c633-4aa6-bbaa-87e1728266bA/clvs-j09.html2026-06-09T02:44:10Zhttps://www.wsws.org/en/articles/2026/06/07/vyuq-j07.htmlThe capitalist state is not a neutral instrument that can be picked up and aimed at the wealthy by a sufficiently determined government. It is an organ of class rule.Sun, 07 Jun 2026 17:11:17 GMThttp://www.wsws.org/asset/cb881122-ad54-4636-85c9-14c0fb007d4N/vyuq-j07.html2026-06-07T17:11:17Zhttps://www.wsws.org/en/articles/2026/06/06/rmsi-j06.htmlA recent report by three former high-placed financial officials has warned that the rise of debt and the activities of nonbank financial institutions is increasing vulnerabilities and that a “perfect storm” could be brewing.Sat, 06 Jun 2026 03:14:46 GMThttp://www.wsws.org/asset/23dd4a22-4b22-46ac-ae33-b673b5739d9M/rmsi-j06.html2026-06-06T03:14:46Zhttps://www.wsws.org/en/articles/2026/06/05/eesy-j05.htmlStocks of gold are now the second highest store of value held by central banks as part of their reserves.Fri, 05 Jun 2026 04:05:07 GMThttp://www.wsws.org/asset/c9482d33-9ad5-4679-af46-e9449184e92A/eesy-j05.html2026-06-05T04:05:07Zhttps://www.wsws.org/en/articles/2026/06/03/tpvj-j03.htmlThe three major tech and AI companies seeking to go public on Wall Street—SpaceX, Anthropic and OpenAI—have yet to turn a profit, pointing to the utterly speculative nature of their IPOs.Wed, 03 Jun 2026 03:36:27 GMThttp://www.wsws.org/asset/44ef0c62-0e11-4b72-a1d2-0185aa0f00dB/tpvj-j03.html2026-06-03T03:36:27Zhttps://www.wsws.org/en/articles/2026/05/29/gvjw-m29.htmlThe shock generated by the Iran war is now testing the so-called “resilience” of the banking system, threatening to expose credit, liquidity and funding vulnerabilities.Fri, 29 May 2026 03:30:31 GMThttp://www.wsws.org/asset/df77083b-2e40-4274-ad85-7f1eb3760afJ/gvjw-m29.html2026-05-29T03:30:31Zhttps://www.wsws.org/en/articles/2026/05/28/mtrj-m28.htmlThe SpaceX market launch could make Elon Musk, already the world’s richest man, the first trillionaire.Thu, 28 May 2026 04:19:57 GMThttp://www.wsws.org/asset/ff4a138e-f555-4e7f-aea1-51b978d6eccK/mtrj-m28.html2026-05-28T04:19:57Zhttps://www.wsws.org/en/articles/2026/05/25/awqa-m25.htmlThis five-part series examines the politics of the Communist Party Marxist-Kenya, its defence of the Stalinist-Maoist theory of the National Democratic Revolution and its opposition to Trotskyism.Mon, 25 May 2026 18:11:40 GMThttp://www.wsws.org/asset/d9c209b8-ee96-49f4-8f46-da9c16c86efK/awqa-m25.html2026-05-25T18:11:40Zhttps://www.wsws.org/en/articles/2026/05/25/iclk-m25.htmlJust five major tech stocks have accounted for 50 percent of the recent gains in the S&P 500 index which have lifted it to record highs.Mon, 25 May 2026 02:57:37 GMThttp://www.wsws.org/asset/f4680250-67c2-4291-8279-b22cda94389A/iclk-m25.html2026-05-25T02:57:37Zhttps://www.wsws.org/en/articles/2026/05/19/neza-m19.htmlYields on long-term government debt are now recording some of their highest levels since the lead up to the global financial crisis.Tue, 19 May 2026 04:22:04 GMThttp://www.wsws.org/asset/cd9f884a-4f19-45b0-b1d7-078c95c0fd8O/neza-m19.html2026-05-19T04:22:04Zhttps://www.wsws.org/en/articles/2026/05/15/hiip-m15.htmlThe yield or interest rate on UK bonds has reached its highest level since 1998.Fri, 15 May 2026 03:31:09 GMThttp://www.wsws.org/asset/964e5390-1a47-4391-97bb-2099ee9a35cP/hiip-m15.html2026-05-15T03:31:09Zhttps://www.wsws.org/en/articles/2026/05/12/oavd-m12.htmlThe $400 million loss by HSBC has raised questions about the connections between major banks and private credit which are often hidden from view.Tue, 12 May 2026 04:32:39 GMThttp://www.wsws.org/asset/a974391c-6d85-463f-af3d-0c9df304ee2N/oavd-m12.html2026-05-12T04:32:39Zhttps://www.wsws.org/en/articles/2026/05/11/kuel-m11.htmlA progressive response to this offensive is possible only through a frontal assault by the working class on the unchallenged “right” of capitalist property itself.Mon, 11 May 2026 04:31:32 GMThttp://www.wsws.org/asset/b68488e1-00b6-4656-b0b9-14abc8874f0C/kuel-m11.html2026-05-11T04:31:32Zhttps://www.wsws.org/en/articles/2026/05/08/ecqc-m08.htmlThe closure of the Strait of Hormuz has driven fuel prices in Africa up by as much as 80 percent. Inflation is rising, and food production is in jeopardy, with governments scrambling to avert agricultural collapse.Fri, 08 May 2026 17:06:07 GMThttp://www.wsws.org/asset/3e8cc1c7-e64a-4414-8c96-a3bb1940c11C/ecqc-m08.html2026-05-08T17:06:07Zhttps://www.wsws.org/en/articles/2026/05/08/uyin-m08.htmlFinancial authorities are largely in the dark about the operations and risk factors associated with private credit, which has undergone explosive growth in the recent period.Fri, 08 May 2026 04:32:17 GMThttp://www.wsws.org/asset/40b11dc9-1a80-4800-a3a1-dd7eff17029O/uyin-m08.html2026-05-08T04:32:17Zhttps://www.wsws.org/en/articles/2026/05/07/hymx-m07.htmlThe “baseline” assumption of official forecasts that the war would be over in weeks has been shattered by events, with warnings that oil price hikes so far are only the beginning.Thu, 07 May 2026 03:59:39 GMThttp://www.wsws.org/asset/ea0a31ce-11c9-49f3-a0ce-2877bb8686aE/hymx-m07.html2026-05-07T03:59:39Zhttps://www.wsws.org/en/articles/2026/05/06/tkkm-m06.htmlThe hikes for this year so far total three quarters of a percent with more rises threatened in the future, taking hundreds of dollars a month from the disposable income of households battling to pay off mortgages.Wed, 06 May 2026 05:05:57 GMThttp://www.wsws.org/asset/ebd94312-2b50-487b-a52f-08ca96cf135D/tkkm-m06.html2026-05-06T05:05:57Zhttps://www.wsws.org/en/articles/2026/05/05/dfgc-m05.htmlThe collapse of Spirit has priced millions of working class travelers out of air travel overnight—and it is only the first casualty of the fuel crisis triggered by the US-Israeli war on Iran.Tue, 05 May 2026 02:17:47 GMThttp://www.wsws.org/asset/622d8066-66c2-4641-96b4-74ff03ae286M/dfgc-m05.html2026-05-05T02:17:47Zhttps://www.wsws.org/en/articles/2026/05/04/mnml-m04.htmlThe government’s decision not to rescue Spirit, on the absurd grounds that they did not “have half a billion dollars laying around,” is deliberate class policy aimed at making the working class pay for the war.Mon, 04 May 2026 04:12:17 GMThttp://www.wsws.org/asset/8edcc2a5-21a9-4341-b5f7-de080e232c0C/mnml-m04.html2026-05-04T04:12:17Zhttps://www.wsws.org/en/articles/2026/05/02/mhbg-m02.htmlThe bank’s chief economist has warned that the war is hitting the global economy in a series of cumulative waves.Sat, 02 May 2026 04:01:13 GMThttp://www.wsws.org/asset/32f81479-7d25-4c33-b652-382041aec10A/mhbg-m02.html2026-05-02T04:01:13Zhttps://www.wsws.org/en/articles/2026/05/02/eadj-m02.htmlThe US national debt has crossed 100 percent of gross domestic product for the first peacetime year since 1946, according to data released Thursday by the Bureau of Economic Analysis (BEA)—a milestone that arrives as the Trump administration is demanding a $1.535 trillion Pentagon budget and preparing for conflict with nuclear-armed China and Russia.Sat, 02 May 2026 03:47:09 GMThttp://www.wsws.org/asset/6f0efb65-928e-4026-a3d6-4f98cf4537dH/eadj-m02.html2026-05-02T03:47:09Zhttps://www.wsws.org/en/articles/2026/04/30/syiz-a30.htmlHundreds of thousands of jobs are being cut as the ruling class seizes on the artificial intelligence boom to eliminate vast sections of the workforce.Thu, 30 Apr 2026 04:45:07 GMThttp://www.wsws.org/asset/ef26f84d-29ff-47b2-b5ae-3b2bd0a6f96L/syiz-a30.html2026-04-30T04:45:07Zhttps://www.wsws.org/en/articles/2026/04/30/omdc-a30.htmlDissent by three members of the Fed’s interest rate setting body, because of what they see as a bias toward easing, indicates that a rate rise is not far away.Thu, 30 Apr 2026 03:50:38 GMThttp://www.wsws.org/asset/c46c012a-e3a6-45ee-9875-be860b16bf1F/omdc-a30.html2026-04-30T03:50:38Zhttps://www.wsws.org/en/articles/2026/04/29/pdfm-a29.htmlBanks are warning of a rise in bad debts, companies are issuing profit downgrades, and a consumer confidence index has fallen by the largest amount since the start of the pandemic, with retailers reported to be “struggling.”Wed, 29 Apr 2026 05:29:32 GMThttp://www.wsws.org/asset/5b89c437-4a6b-4dd0-a46d-a22cfb11009A/pdfm-a29.html2026-04-29T05:29:32Zhttps://www.wsws.org/en/articles/2026/04/28/nura-a28.htmlMeta and Microsoft announced measures to eliminate more than 16,000 jobs with references to efficiency and cost-cutting necessitated by major investments in artificial intelligence.Tue, 28 Apr 2026 02:46:32 GMThttp://www.wsws.org/asset/d46d7d2d-1375-4aa9-9d1e-31fc849b47aP/nura-a28.html2026-04-28T02:46:32Zhttps://www.wsws.org/en/articles/2026/04/24/ndls-a24.htmlThe IMF forecasts the sharpest growth downgrade and the joint highest inflation rate in the G7 for the UK this year, even if energy costs stabilise by mid-2026. Fri, 24 Apr 2026 17:28:36 GMThttp://www.wsws.org/asset/0d821630-5a54-491c-ba63-0839b19b78eI/ndls-a24.html2026-04-24T17:28:36Zhttps://www.wsws.org/en/articles/2026/04/23/janr-a23.htmlAs the US war on Iran continues, the global financial system is increasingly coming to resemble a minefield.Thu, 23 Apr 2026 04:06:04 GMThttp://www.wsws.org/asset/66142b56-f4ce-4b36-9edf-3f7ca10cc3cA/janr-a23.html2026-04-23T04:06:04Zhttps://www.wsws.org/en/articles/2026/04/23/xzww-a23.htmlAmerican imperialism’s determination to consolidate its geostrategic dominance over the Middle East, one of the world’s most critical energy-producing regions, has already claimed the lives of thousands of Iranians. But the economic fallout from the US-instigated war and blockade of the Strait of Hormuz could prove even more deadly.Thu, 23 Apr 2026 01:37:26 GMThttp://www.wsws.org/asset/b3e29ce9-3b14-4ba4-ac6f-0d5f4f90464H/xzww-a23.html2026-04-23T01:37:26Zhttps://www.wsws.org/en/articles/2026/04/18/uzda-a18.htmlThe Fiscal Monitor report insisted that governments must not undertake measures to alleviate the intensifying cost-of-living pressures on workers around the world.Sat, 18 Apr 2026 03:59:40 GMThttp://www.wsws.org/asset/77e5e251-723a-42d5-9647-fc9ff19d361C/uzda-a18.html2026-04-18T03:59:40Zhttps://www.wsws.org/en/articles/2026/04/18/kmxb-a18.htmlThe cost of their attempts to sustain massive debt, while also financing the massive cost to society of the corporate oligarchy itself, can only be carved out of the backs of the working class under capitalism.Sat, 18 Apr 2026 02:20:21 GMThttp://www.wsws.org/asset/8ef520f1-c7ce-43cd-9bad-b00599a5fcdK/kmxb-a18.html2026-04-18T02:20:21Zhttps://www.wsws.org/en/articles/2026/04/17/uvyl-a17.htmlGlobal oil companies are raking in additional profits at the rate of $30 million per hour as the result of the price hikes induced by the war.Fri, 17 Apr 2026 03:41:17 GMThttp://www.wsws.org/asset/fc57af43-c11d-4f73-a347-99060212cecM/uvyl-a17.html2026-04-17T03:41:17Zhttps://www.wsws.org/en/articles/2026/04/16/mpru-a16.htmlLand and property have become asset vehicles for funnelling billions of pounds from the working class—those who produce society’s wealth—to the billionaires.Thu, 16 Apr 2026 17:22:45 GMThttp://www.wsws.org/asset/f4233ad4-75be-41a4-8483-6fb3c9d3f6bL/mpru-a16.html2026-04-16T17:22:45Zhttps://www.wsws.org/en/articles/2026/04/15/wldc-a15.htmlUnder what it called a “severe scenario” the IMF said global growth could fall to as low as 2 percent close to the development of a world recession.Wed, 15 Apr 2026 02:31:05 GMThttp://www.wsws.org/asset/9dddbaf9-5dfd-43d7-aa91-047d6d8d32eG/wldc-a15.html2026-04-15T02:31:05Zhttps://www.wsws.org/en/articles/2026/04/14/xuym-a14.htmlSetting the stage for this week’s discussions and reports, IMF chief Kristalina Georgieva made clear there would be a downward shift in global growth even in the event of an end to the war.Tue, 14 Apr 2026 04:55:09 GMThttp://www.wsws.org/asset/e006551f-2b01-4121-8500-8f36e061869A/xuym-a14.html2026-04-14T04:55:09Zhttps://www.wsws.org/en/articles/2026/04/13/cjqu-a13.htmlThe Albanese Labor government is presiding over the increasingly devastating impact on working-class living conditions and the prospect of crippling fuel shortages, particularly of diesel.Mon, 13 Apr 2026 04:17:36 GMThttp://www.wsws.org/asset/f2cb6a1f-f484-457a-9d7d-aae6992ee33F/cjqu-a13.html2026-04-13T04:17:36Zhttps://www.wsws.org/en/articles/2026/04/09/qcvz-a09.htmlIMF chief Kristalina Georgieva has said the world is ill-equipped to deal with the turmoil resulting from the war on Iran, due to the lack of international collaboration and the rise of government debt.Thu, 09 Apr 2026 03:19:27 GMThttp://www.wsws.org/asset/6e1a769d-99c2-4011-a6c9-0d9f554b7ffN/qcvz-a09.html2026-04-09T03:19:27Zhttps://www.wsws.org/en/articles/2026/04/07/gaes-a07.htmlThe US Treasury is convening meetings with regulators to discuss the growing risks arising from the interconnections between insurance firms and the private credit markets.Tue, 07 Apr 2026 03:42:02 GMThttp://www.wsws.org/asset/c5a2388e-f644-49dd-8425-669774cbd84M/gaes-a07.html2026-04-07T03:42:02Zhttps://www.wsws.org/en/articles/2026/04/02/clmg-a02.htmlTech giant Oracle joined the industry-wide AI jobs massacre by informing thousands of employees on Monday via an email message at 6:00 a.m. that “current business needs” have eliminated their position and “today is your last working day.”Thu, 02 Apr 2026 04:28:48 GMThttp://www.wsws.org/asset/04aebba1-4042-471f-9652-edf9645590cO/clmg-a02.html2026-04-02T04:28:48Zhttps://www.wsws.org/en/articles/2026/04/02/ugql-a02.htmlAs the war enters its second month, the price of Brent crude, the global benchmark, has risen by 63 percent from its pre-war level, eclipsing the previous record monthly rise of 46 percent following Iraq’s invasion of Kuwait in 1990.Thu, 02 Apr 2026 03:24:52 GMThttp://www.wsws.org/asset/6a01a288-a29f-4e6e-9689-9feb7d9837fN/ugql-a02.html2026-04-02T03:24:52Zhttps://www.wsws.org/en/articles/2026/03/31/pwll-m31.htmlTrump’s efforts to placate markets are wearing thin as investors focus on energy shortages and troop movements rather than statements from the White House or the social media account of the president.Tue, 31 Mar 2026 02:30:22 GMThttp://www.wsws.org/asset/25c6f46d-2ca6-4931-855d-d1c6a84d2b0D/pwll-m31.html2026-03-31T02:30:22Zhttps://www.wsws.org/en/articles/2026/03/30/zfkn-m30.htmlMass layoffs and strikes are taking place in industries such as metals and transport. Mon, 30 Mar 2026 04:08:01 GMThttp://www.wsws.org/asset/67783bba-d065-49d2-9d64-557ee6ae647C/zfkn-m30.html2026-03-30T04:08:01Zhttps://www.wsws.org/en/articles/2026/03/30/pvpp-m30.htmlWhile it will be greeted with outrage, Trump’s decision to fix his signature to the dollar may well come to be regarded as a fitting symbol of the economic, financial, cultural and political decline of US capitalism, of which he is the personification.Mon, 30 Mar 2026 03:44:24 GMThttp://www.wsws.org/asset/7fa990f9-3170-4d67-9066-020b4f1e46cP/pvpp-m30.html2026-03-30T03:44:24Zhttps://www.wsws.org/en/articles/2026/03/26/ukbe-m26.htmlBond prices have been falling, lifting their yields or interest rate, reflecting a growing fear of stagflation: the combination of higher prices and a slowing economy, even recession.Thu, 26 Mar 2026 04:28:34 GMThttp://www.wsws.org/asset/8becf1e5-fc62-47e8-8294-329889b0788J/ukbe-m26.html2026-03-26T04:28:34Zhttps://www.wsws.org/en/articles/2026/03/24/nggw-m24.htmlThere are forecasts that the oil price will continue to surge as many countries face a “cliff edge” with regard to LNG supplies.Tue, 24 Mar 2026 03:54:18 GMThttp://www.wsws.org/asset/9ff5bce1-c377-4422-a90c-e6cd1e48da4N/nggw-m24.html2026-03-24T03:54:18Zhttps://www.wsws.org/en/articles/2026/03/19/rnrp-m19.htmlThe overriding impression from Fed chair Jerome Powell is that the central bank is like an animal trapped in the headlights of a massive truck hurtling towards it, not knowing which way to turn.Thu, 19 Mar 2026 03:10:32 GMThttp://www.wsws.org/asset/c6b82c30-00be-46ca-8003-7532e4cec7cA/rnrp-m19.html2026-03-19T03:10:32Zhttps://www.wsws.org/en/articles/2026/03/18/snis-m18.htmlIt was a split decision but undoubtedly the swing factor was the US war against Iran and the spike in inflation it has already produced.Wed, 18 Mar 2026 01:22:34 GMThttp://www.wsws.org/asset/45d06301-7776-40a5-b2f6-2705ff9ac16G/snis-m18.html2026-03-18T01:22:34Zhttps://www.wsws.org/en/articles/2026/03/13/fqvk-m13.htmlThe wild swings in the oil price at the start of this week have directed attention to one of the most significant potential consequences of US-led war on Iran—a major financial crisis induced by losses flowing from the oil market.Fri, 13 Mar 2026 03:36:57 GMThttp://www.wsws.org/asset/214b8ad6-bd71-4c9b-b66c-8c3aadc1af0C/fqvk-m13.html2026-03-13T03:36:57Zhttps://www.wsws.org/en/articles/2026/03/10/dimp-m10.htmlWhen the trading day began in the US the price of oil had surged from around $90 a barrel to as high as $119 and was set to go even higher as stocks were falling following significant further selloffs in Asia.Tue, 10 Mar 2026 03:52:31 GMThttp://www.wsws.org/asset/d310cf4c-dcef-4ae1-9055-b74006a9cd5B/dimp-m10.html2026-03-10T03:52:31Zhttps://www.wsws.org/en/articles/2026/03/09/abau-m09.htmlThe price of Brent crude, the benchmark for oil, rose 28 percent last week, with predictions it could go much higher.Mon, 09 Mar 2026 03:39:46 GMThttp://www.wsws.org/asset/75fe53a7-8f63-4dc9-a257-a99c69ccd52I/abau-m09.html2026-03-09T03:39:46Zhttps://www.wsws.org/en/articles/2026/03/07/afbs-m07.htmlThe outcome of the war will be determined by the development of the class struggle in the United States itself—in Detroit, New York, Los Angeles and other major working class centers.Sat, 07 Mar 2026 04:21:12 GMThttp://www.wsws.org/asset/c8fe1389-87d6-47bc-b216-304d8896ccbC/afbs-m07.html2026-03-07T04:21:12Z