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News
US diesel hits record $5.98 as Iran war drives up costs from milk to lumber
1+ hour, 35+ min ago (599+ words) AAA says the national average for diesel reached an unprecedented $5.98 per gallon on September 10, a new high for a fuel whose effects stretch well beyond filling stations. The increase is likely to reach people who never purchase diesel directly, showing…...
UBS Expects Two Fed Rate Hikes by End of 2026 After Warsh Speech and Jobs Data
5+ hour, 10+ min ago (336+ words) UBS analysts expect the Federal Reserve to raise interest rates twice before the end of 2026, citing comments from Fed Chair Kevin Warsh and recent U.S. employment data. Analysts including Jonathan Pingle and Abigail Watt said Warsh's remarks at the Federal Reserve's…...
'It's going to hurt': How a surging student-loan payment is reshaping a family's future
1+ day, 4+ hour ago (947+ words) From a second job to reconsidering a career path, a family of four details how they're navigating a student-loan payment increase....
Trump touts $22 trillion investment boom as he makes the case for $5,000 dividend
4+ hour, 18+ min ago (665+ words) President Trump is pointing to trillions of dollars in promised investment as part of the economic case for Republicans retaining control of Congress in November, but the figure he's citing is nearly twice as large as the one published by…...
Anthropic says AI could double the U.S. economy every 4.5 years — but push knowledge-worker unemployment to 18%
6+ hour, 18+ min ago (721+ words) Anthropic has put numbers on what its own technology might do to the American economy and the range is enormous. On Sept. 9, Anthropic, the company behind Claude, published a model of the U.S. economy in 2030 laying out three futures. In the…...
President Donald Trump's Interest-Rate Ultimatum Will Likely Fall on Deaf Ears Due to 3 Factors, One of Which Is Trumpflation
10+ hour, 22+ min ago (893+ words) Since the late 1890s, Wall Street's major stock indexes have risen under roughly three-quarters of all presidential terms. However, the annualized returns of the timeless Dow Jones Industrial Average (DJINDICES:^DJI), benchmark S&P 500 (SNPINDEX:^GSPC), and tech-driven Nasdaq Composite (NASDAQINDEX:…...
Exxon's 2030 Targets Call for $35 Billion More in Cash Flow. Here's the Milestone That Tells You It's on Track By 2028.
1+ day, 12+ hour ago (17+ words) Exxon is leaning into growth, but a significant portion of that growth will come from one place....
'This is the test': All eyes on US Fed to tackle high inflation
16+ hour, 58+ min ago (717+ words) The US Federal Reserve goes into a key rate-setting meeting this week with markets expecting policymakers to pull the trigger on a rate hike to tackle persistently high inflation -- and analysts say central bank chief Kevin Warsh's credibility is on…...
Trump’s $5,000 Promise Carries a $1.23 Trillion Price Tag: Does the Treasury Have the Cash?
1+ day, 16+ hour ago (284+ words) President Donald Trump has promised a $5,000 “dividend” to every adult U.S. citizen if Republicans keep control of both chambers of Congress in November. There’s just a little problem. The U.S. Treasury doesn’t have the money to write this…...
Stubbornly Hot Inflation Raises Pressure on the Fed
1+ day, 17+ hour ago (78+ words) Prices in the U.S. economy kept rising in August, according to government data released Friday, ratcheting up the affordability squeeze on American consumers while raising pressure on the Federal Reserve to increase interest rates at its meeting next week. The consumer…...