US pending home sales rebound in August amid low mortgage rates

The recent alignment between the U.S. and U.K. on blockchain technology is a promising development for the global economy. As the head of cryptocurrency exchange OKX points out, this collaboration could enhance their longstanding influence in the financial sector, fostering innovation and stability. This partnership not only signals a commitment to modernizing financial systems but also positions both nations as leaders in the rapidly evolving digital economy, which could benefit businesses and consumers alike.

The upcoming US September employment report faces uncertainty as a potential government shutdown looms. If the government does shut down, the report will not be published, leaving many in the dark about the current job market conditions. This is significant because employment data is crucial for understanding economic health and guiding policy decisions.

The US has expanded its export blacklist, targeting Chinese companies that are allegedly finding ways to circumvent existing trade restrictions. This move is significant as it reflects ongoing tensions between the US and China, particularly in the tech sector, and aims to protect national security by limiting access to sensitive technologies. The implications of this action could further strain economic relations and impact global supply chains.

In August, Brazil created 147,358 formal jobs, a figure that fell short of expectations. This news is significant as it highlights ongoing challenges in the Brazilian economy, particularly in the labor market, where job creation is crucial for reducing unemployment and boosting economic growth.

President Trump has reignited his threat to impose 100% tariffs on movies not made in the United States, claiming that the American film-making industry has been 'stolen' by foreign countries. This move could have significant implications for the film industry, potentially raising costs for consumers and affecting international collaborations.

AstraZeneca is moving forward with plans for a full listing on the US stock market, which is seen as a positive step for the company amid concerns about its potential exit from the UK. This decision not only reassures investors but also highlights AstraZeneca's commitment to maintaining a strong presence in both markets. The dual listing could enhance the company's visibility and access to capital, making it a significant development in the pharmaceutical industry.

In a surprising move, President Trump announced that the U.S. will impose a 100% tariff on movies produced outside the country. This decision has raised concerns among filmmakers and industry experts, as it could significantly impact the availability of international films in the U.S. market. The tariff aims to protect domestic productions but may lead to higher prices for consumers and limit cultural exchange. It's a bold step that could reshape the entertainment landscape.

Ghana's cocoa arrivals in August saw a remarkable increase, more than quadrupling compared to last year. This early start to the cocoa season not only boosts cash flow for farmers but also contributes to a rise in supply, which is helping to stabilize global cocoa prices. This is significant as it supports local economies and ensures that farmers can invest in their crops, ultimately benefiting the entire cocoa industry.

September is shaping up to be a remarkable month for the US junk bond market, with issuance expected to reach $51 billion, marking it as the fifth-busiest month ever. This surge in activity highlights the growing investor appetite for higher-yielding assets, which is significant for market dynamics and economic recovery. It reflects confidence in the corporate sector and could signal a positive trend for future financing.

The U.S. Treasury's gold reserves have reached an impressive milestone, surpassing $1 trillion in value, which is over 90 times the amount reported on the government's balance sheet. This significant increase highlights the strength of gold as a financial asset and its importance in the U.S. economy, especially during times of market volatility. It reflects a growing confidence in gold as a hedge against inflation and economic uncertainty.

The U.S. job market is increasingly challenging for many workers, particularly those seeking senior-level positions. A recent report highlights that millions are struggling to find stable employment, often feeling like they have to work harder than expected just to secure a job. This situation is concerning as it reflects broader issues of job security and the difficulties faced by individuals in navigating a 'low-hire, low-fire' environment. Understanding these dynamics is crucial for addressing the needs of the workforce and fostering a healthier job market.

BP is moving forward with its ambitious $5 billion Tiber-Guadalupe project, reflecting a renewed focus on the U.S. energy market. This decision is significant as it highlights BP's commitment to expanding its operations in the U.S., which could lead to job creation and increased energy production. The project is expected to enhance BP's portfolio and strengthen its position in the competitive energy sector.

Neil Kraft, a pioneering figure in the advertising world, has passed away at the age of 67. Known for his innovative campaigns for brands like Calvin Klein, Kraft's work defined the aesthetic of the 1980s and 90s, showcasing a blend of celebrity culture and lifestyle marketing. His iconic ads, featuring stars such as Marky Mark, not only sold products but also captured the spirit of a generation. Kraft's legacy in advertising is significant, as he transformed how brands connect with consumers, making his contributions to the industry truly memorable.

The US SEC is preparing to offer relief to asset managers, allowing them to include exchange-traded funds (ETFs) in mutual funds. This move is significant as it could enhance investment options for consumers and streamline the management of funds, potentially leading to increased market efficiency. By facilitating this integration, the SEC aims to foster innovation in the financial sector, making it easier for investors to diversify their portfolios.

Bridgewater, a leading hedge fund, has announced the winners of its hiring contest, selecting candidates from five different countries. This initiative not only highlights Bridgewater's commitment to diversity and global talent acquisition but also sets a precedent for other firms in the industry. By engaging with a broader pool of applicants, Bridgewater aims to bring fresh perspectives and innovative ideas into its workforce, which is crucial for staying competitive in today's fast-paced financial landscape.

Vizsla Silver has just released its third annual sustainability report, showcasing its commitment to responsible mining practices and environmental stewardship. This report highlights the company's efforts to minimize its ecological footprint while maximizing community benefits. It's an important step in promoting transparency and accountability in the mining industry, and it sets a positive example for others to follow.

Chancellor of the Exchequer Rachel Reeves has highlighted the significant challenges facing the UK's economy, attributing them to harsh global headwinds from ongoing wars and tariffs. This acknowledgment of external pressures is crucial as it underscores the interconnectedness of global events and their direct impact on the UK, suggesting that the government may need to adapt its strategies to navigate these turbulent times.

Federal Reserve official Musalem has issued a warning that inflation is expected to stay elevated in the upcoming quarters. This news is significant as it suggests that consumers and businesses may continue to face higher prices, impacting spending and economic growth. Understanding these inflation trends is crucial for making informed financial decisions.