Bahrain Minister of Industry and Trade Abdulla bin Adel Fakhro, attends the session held as part of the St. Petersburg International Economic Forum (SPIEF) in 2024. Anadolu | Anadolu | Getty Images The trade deal between the U.K. and Gulf states is a “monumental achievement,” Bahrain’s industry minister told CNBC. Abdulla bin Adel Fakhro, Bahrain’s…
A Power of Siberia natural gas pipelines facility in Heihe, Heilongjiang province, China, on Tuesday, March 21, 2023. Bloomberg | Getty Images Russian President Vladimir Putin arrived in Beijing on Wednesday to meet Chinese leader Xi Jinping, with the long-stalled Power of Siberia 2 natural gas pipeline on the agenda, as the Iran war disrupts…
Kevin Warsh, nominee for chairman of the Federal Reserve, is sworn in to his Senate Banking, Housing and Urban Affairs Committee confirmation hearing in Dirksen building on Tuesday, April 21, 2026. Tom Williams | Cq-roll Call, Inc. | Getty Images President Donald Trump will swear in Kevin Warsh, his hand-picked choice to lead the Federal…
Kevin Warsh, President Donald Trump’s nominee to be next chair of the Federal Reserve, testifies before a Senate Banking Committee confirmation hearing on Capitol Hill in Washington, April 21, 2026. Kevin Lamarque | Reuters Sent to the Federal Reserve to lower interest rates, incoming Chair Kevin Warsh instead may have to push for higher levels…
Construction on the Marriner S. Eccles Federal Reserve building in Washington, DC, US, on Monday, Dec. 15, 2025. Al Drago | Bloomberg | Getty Images Markets for the first time in the current cycle now think the Federal Reserve‘s next move will be an interest rate hike. Following a week of surprisingly high inflation readings,…
Cuts of beef are displayed at Handy Market on May 14, 2026 in Burbank, California. Justin Sullivan | Getty Images The recent surge in inflation is likely to get worse over the next several months, according to a survey Friday from the nation’s top economists. Consumer price inflation is projected to hit 6% for the…
A trader works, as a screen broadcasts a news conference by U.S. Federal Reserve Chair Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., April 29, 2026. Brendan McDermid | Reuters Bond market investors believe the Federal Reserve needs to play catch…
Even with recent inflation news universally bad, Treasury Secretary Scott Bessent expects price pressures to ease soon, just in time for the new Federal Reserve chair to take over. Speaking Thursday to CNBC, Bessent said the energy-fed inflation surge recently is likely to reverse as the U.S. is “going to keep pumping” oil, easing the…
American consumers have been pessimistic for so long that now economists are wondering when — or even if — households will ever feel financially better off. The University of Michigan Surveys of Consumers, a closely-watched bellwether, hit all-time lows in May, according to a preliminary reading released last week. That is just one of several…
Meat is seen for sale in a supermarket in Alhambra, California on May 12, 2026. Frederic J. Brown | AFP | Getty Images Wholesale prices in April posted their highest annual increase in more than three years, signaling more nettlesome inflation as pipeline costs intensify. The producer price index rose a seasonally adjusted 1.4% for…