The Federal Reserve’s primary price gauge rose at its highest level since 2023, reinforcing the central bank’s recent tough talk on inflation. Excluding food and energy, the personal consumption expenditures price index showed a 3.4% annual rate after rising 0.3% for the month, both in line with Dow Jones consensus. The core reading was the…
US Secretary of State Marco Rubio looks on as US President Donald Trump speaks to the press following US military actions in Venezuela, at his Mar-a-Lago residence in Palm Beach, Florida, on January 3, 2026. Jim Watson | Afp | Getty Images President Donald Trump pledged Wednesday to deploy U.S. resources to earthquake-stricken Venezuela after…
Oil tankers and cargo vessels remain anchored off Port Sultan Qaboos on June 21, 2026 in Muscat, Oman. Elke Scholiers | Getty Images Iran’s Islamic Revolutionary Guard Corps warned shipowners on Wednesday that any new transit route through the Strait of Hormuz established without coordination with Tehran is “unacceptable and dangerous,” threatening actions against vessels…
A pedestrian walks by a now hiring sign posted at a gas station on June 5, 2026 in Los Angeles, California. Justin Sullivan | Getty Images Job cuts at U.S. factories ran near their highest levels since the end of the global financial crisis in 2009 and the Covid-19 pandemic as worries grew over global…
The Brugge oil tanker anchored off the Port of Long Beach in Long Beach, California, US, on Thursday, May 7, 2026. Tim Rue | Bloomberg | Getty Images The U.S. has issued a sweeping rollback of sanctions on Iranian oil, allowing dollar-denominated trade for the first time in more than four decades, as Washington and…
The Strip, The Sphere and full replica of the Eiffel Tower in daytime Strekoza2 | Istock Editorial | Getty Images A sparsely-populated state known for its world-class casinos and dry desert climate has been a bright spot in the tepid U.S. job market. Nevada‘s workforce grew 1.9% from April 2025 to 2026, the highest of…
Vessels in the Strait of Hormuz near the beach of Bandar Abbas, Iran, June 17, 2026. Amirhosein Khorgooi | Reuters Early signs that the Strait of Hormuz is reopening have eased the most acute threat to global energy supplies, but economic damages from the nearly four months of war will take months to unwind, analysts…
U.S. President Donald Trump talks as he meets French President Emmanuel Macron for a bilateral meeting at Hotel Royal Evian on June 15 in Évian-les-Bains, France. Anna Moneymaker | Getty Images U.S. President Donald Trump asserted that he has unlimited power and insisted the deal reached with Iran amounts to “unconditional surrender” by Tehran, in…
A person shields themselves from the rain while walking near the Bank of England building on the day the Monetary Policy Committee lowered interest rates, in London, Britain, Dec.18, 2025. Toby Melville | Reuters The Bank of England held U.K. interest rates at 3.75% on Thursday, as policymakers continue to balance the need to address…
New U.S. Federal Reserve Chairman Kevin Warsh holds a press conference following a two-day meeting of the Federal Open Market Committee (FOMC), at the U.S. Federal Reserve in Washington, D.C., U.S. June 17, 2026. Eric Lee | Reuters The Federal Reserve and Chairman Kevin Warsh on Wednesday followed the script on interest rates closely, voting…