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    Today

    A fighter jet lands on the USS Dwight D. Eisenhower in the Red Sea.

    Talks sanction more US bombers, fighter jets, spy planes in Australia

    Annual defence and foreign affairs talks will see Australia deepen its role as the US’s “unsinkable aircraft carrier” in a potential conflict with China.

    • 38 mins ago
    • Andrew Tillett and Matthew Cranston
    China is concerned regardless of who is sitting in the chair for the United States.

    What does China make of America’s topsy-turvy election?

    Beijing will have trouble working out whether a hard or soft approach to a new US administration will work best.

    • Ian Bremmer
    Democratic vice presidential nominee Tim Walz and Kamala Harris campaign together at a rally in Philadelphia.

    Folksy attack dog: Why Harris chose Tim Walz as VP

    The plain-speaking Minnesotan brings Midwestern colloquialism and progressive appeal to the Democratic ticket.

    • Steff Chávez
    Fed chairman Jerome Powell won’t be swayed by markets or the US election.

    The Fed will not let markets dictate a rate cut

    The US central bank reacts to the sharemarket only when volatility threatens financial stability. For the moment, there is no evidence that this is the case.

    • Barry Eichengreen
    Tim Walz and Kamala Harris at a rally of the faithful in Pennsylvania on Tuesday night (Wednesday AEST).

    Harris presents running mate in battleground rally

    The vice president introduced Tim Walz on stage, hailing him as a “fighter for the middle class” and touting a biography Democrats hope will broaden the ticket’s appeal.

    • Updated
    • Matthew Cranston
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    One concern is whether US consumers can continue driving growth if unemployment is rising and savings built up during the pandemic are dwindling.

    Is the US heading for a recession?

    Most analysts believe the world’s largest economy will make a soft landing, with inflation falling back to the Fed’s 2 per cent goal without a sharp rise in unemployment.

    • Claire Jones, Delphine Strauss and Martha Muir
    President-elect Donald Trump with ardent supporter Peter Thiel in 2016.

    Why America’s broligarchs support Donald Trump

    Some Silicon Valley CEOs see any form of democratic constraint on themselves as illegitimate by definition.

    • Brooke Harrington

    Yesterday

    Pennsylvania governor Josh Shapiro visits Cheyney University.

    Two left: Harris set to name White House running mate

    Kamala Harris only has days to choose either Pennsylvania governor Josh Shapiro or Minnesota governor Tim Walz to be her vice presidential candidate.

    • Rozina Sabur
    A stockmarket meltdown could reset the political debate between presidential candidates Kamala Harris and Donald Trump.

    Trump seizes on market meltdown, blames Harris

    The former president sought to raise voter concerns about the health of the US economy, saying “we are heading to World War III”.

    • Updated
    • Matthew Cranston
    US ambassador to Australia Caroline Kennedy is pleading for people to stop encouraging political violence.

    ‘This country is better than that’: Caroline Kennedy on Trump shooting

    The only remaining child of John F. Kennedy says she’s ashamed there are still Americans prepared to resort to extreme violence because of political differences. 

    • Matthew Cranston
    Nasdaq

    Market panic risks dragging down global growth, economists warn

    Analysts say economies in the US and elsewhere are not “nosediving”, but they flag the threat of “self-fulfilling” investor jitters.

    • Delphine Strauss
    About 1.3m Australians visit the United States yearly, while about 650,000 Americans visit Australia.

    Australians to get fast entry to US in global program

    Thousands of Australians will become eligible for express entry into the United States from 2025 under a new deal.

    • Matthew Cranston
    Google

    Google loses landmark antitrust case over search deals

    The US court’s decision is a significant victory for the Department of Justice in its litigation over the power of big tech.

    • Leah Nylen
    Chicago Fed boss Austan Goolsbee.

    Goolsbee warns on Fed, downplays recession fears

    Chicago Fed president Austan Goolsbee says the Fed can’t be over-restrictive when it comes to rates, amid fears the central bank has been too slow to cut rates.

    • Reuters
    Wall Street has fallen as global stocks sell off.

    Wall Street opens in turmoil, extending global sell-off

    The Dow sank 1000 points and markets plunged at the open on Wall Street with fears over the US economy adding to a global share rout.

    • Stan Choe
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    This Month

    Running mate favourite Josh Shapiro at a campaign event for Kamala Harris last week.

    Democrat split intensifies as Harris chooses running mate

    The final stage of the campaign to be Kamala Harris’s vice-presidential contender has reached an ugly phase as moderate and progressive donors, interest groups and rivals lobby for their preferred candidates.

    • Reid J. Epstein, Theodore Schleifer and Nick Corasaniti
    J.D. Vance’s comments are not just astronomically offensive and politically witless, they also betray a serious misunderstanding of where the world is heading in the first half of the 21st century.

    Beware the march of the childless voter

    The number of non-reproducers is already large and it’s rising, and unfortunately for J.D. Vance, these people may not have kids, but they do have votes.

    • Pilita Clark
    Donald Trump holds a campaign rally at Georgia State University in Atlanta.

    Harris accuses Trump of ‘running scared’ after he cancels debate

    A stoush over the lack of a live TV debate comes as Kamala Harris gets set to announce her running mate for the November 5 presidential election.

    • Simon J. Levien, Maggie Haberman and Neil Vigdor
    As gleeful American tourists romping through Europe and Asia this summer know well, the dollar is indeed very strong right now.

    Will Trump get the weaker greenback he wishes for to restore manufacturing?

    Because there is some truth to the assertion that the US dollar is too strong, whoever the next president is could get lucky with the dollar.

    • Kenneth Rogoff
    Senator Jim Risch says there is no issue with Australia having full sovereignty over nuclear submarines it buys from the US.

    Powerful Republicans back AUKUS under Trump

    Australia will have sovereignty over US nuclear-powered submarines it buys under the AUKUS pact if Donald Trump is elected president, two senators told the AFR.

    • Matthew Cranston