News
New Fed chair Warsh may reveal views on interest rates
5+ hour, 1+ min ago (729+ words) WASHINGTON " Ever since Kevin Warsh was nominated by President Trump in late January to lead the Federal Reserve, a question has lingered: Will he seek to raise interest rates to tame inflation or cut them as Trump has long demanded?...
Argentina's inflation slows to 8-month low in a boost for President Milei
4+ day, 7+ hour ago (393+ words) BUENOS AIRES, Argentina " Argentina's inflation slowed for the second straight month in May, economic data released Thursday showed, providing some welcome news for President Javier Milei after almost a year of stubbornly persistent price increases that threatened to undermine the…...
US jobless aid filings rise to 229, 000 last week, remain historically low despite Iran war headwinds
4+ day, 16+ hour ago (560+ words) WASHINGTON " U. S. applications for jobless aid rose modestly last week, but remain at a historically low level despite economic headwinds brought on by the war in Iran. The number of Americans filing for unemployment aid for the week ending June 6 rose…...
Inflation hits 4. 2% in May, highest in 3 years
5+ day, 15+ hour ago (137+ words) Boston 25 News Boston 25 Weather 24/7 Inside look at law enforcement & true crime Your one-stop shop for delicious dishes Inflation hits 4. 2% in May, highest in 3 years Star CB Christian Gonzalez speaks at Patriots mandatory minicamp Man shot to death in Brockton President…...
Inflation likely reached 3-year high last month as Iran war spikes gas prices
5+ day, 22+ hour ago (526+ words) WASHINGTON " Consumer prices probably jumped in May for the third straight month, heightening concerns for the inflation fighters at the Federal Reserve and underscoring the threat that rising costs pose for the Trump administration as midterm elections near. Inflation is…...
Another sell-off for AI stocks drags Wall Street sharply lower
6+ day, 11+ hour ago (765+ words) NEW YORK " Another sell-off for high-flying artificial-intelligence stocks is dragging Wall Street sharply lower on Tuesday. The S&P 500 dropped 1. 7% after careening between an early gain of 1% and a loss of 2. 3%, sinking further from its all-time high set a week…...
Wall Street holds steadier as AI stocks recover some of their sell-off
1+ week, 7+ hour ago (567+ words) NEW YORK " Wall Street held steadier Monday and recovered some of its sell-off from last week, as stocks swept up in the artificial-intelligence boom bounced back. Oil prices, meanwhile, rose following fighting between Israel and Iran, but they pared their…...
Iran's inflation hits World War II levels, deepening economic pain
1+ week, 6+ day ago (494+ words) DUBAI, United Arab Emirates " Year-on-year inflation in Iran reached a level in May unseen since World War II, underlining the economic pain average Iranians face as the Islamic Republic worries about the war with Israel and the United States restarting....
Trump is facing a new inflation warning from the bond market, adding to his midterm challenges
2+ week, 1+ day ago (1131+ words) WASHINGTON " The world is getting more uptight about lending money to President Donald Trump's government " causing interest rates to climb in ways that are worsening affordability pressures, hampering economic growth and creating a new risk for Republicans in November's midterm…...
Tomatoes become latest symbol of America's affordability squeeze
2+ week, 3+ day ago (627+ words) NEW YORK " Tomatoes, ubiquitous in everything from fast-food burgers to haute cuisine, are taking on a new role beyond the plate: A nagging reminder of rising costs. Prices for those red orbs have soared more than any other food product…...