News
How many rate cuts? Iran war upends Federal Reserve's next steps
2+ hour, 44+ min ago (537+ words) For now, the clearest way forward for the 12-member rate-setting committee, led by Chair Jerome Powell, is to stand pat and wait to see which way the economy goes. The Fed is expected to keep rates unchanged Wednesday, and may…...
White House steps up ambitious effort to close $1.6 trillion revenue gap with raft of new tariffs
3+ day, 5+ hour ago (603+ words) WASHINGTON " The Trump administration this week stepped up its ambitious effort to replace about $1.6 trillion in lost tariff revenue that was eliminated by the'Supreme Court's decision to strike down a range of the president's import taxes. "I wouldn't bet against…...
Inflation likely to spike in coming months after tame February reading
6+ day, 21+ hour ago (700+ words) But the data will represent an already-faded snapshot of inflation before the Iran war was launched Feb. 28, which has caused violent gyrations in oil prices as shipping lanes through the Persian Gulf have suffered a rare shutdown. Gas prices have…...
Asian shares surge, echoing a rally on Wall Street as oil prices sank back to about $90
1+ week, 17+ hour ago (771+ words) The S&P 500 dipped 0.2%, a day after its latest wild swings caused by extreme moves in the oil market. The Dow Jones Industrial Average fell 34 points, or 0.1%, and the Nasdaq composite edged higher by less than 0.1%. Oil prices, meanwhile, remained…...
Asian shares jump after US stocks rebound as oil prices stop spiking
1+ week, 5+ day ago (747+ words) In Tokyo, the Nikkei 225 jumped 4.3%, to 56,600.44. The Kospi was at 5,702.02 and trading was suspended after the benchmark shot up shortly after the open. Australia's S&P/ASX 200 picked up 0.3% to 8,927.20, while New Zealand's benchmark rose 0.9%. Taiwan's main share index gained…...
Asian shares soar after Wall Street bounces back, as South Korea's benchmark jumps 12% and Japan's Nikkei 225 gains 4.4%
1+ week, 5+ day ago (83+ words) Asian shares soar after Wall Street bounces back, as South Korea's benchmark jumps 12% and Japan's Nikkei 225 gains 4.4%KTVB Asian shares soar after Wall Street bounces back, as South Korea's benchmark jumps 12% and Japan's Nikkei 225 gains 4.4% To stream KTVB on your…...
Will the strikes in Iran raise gas prices?
2+ week, 1+ day ago (571+ words) FEAR FACTOR: Are Arkansas Razorbacks the Most UNPREDICTABLE Threat in NCAA Basketball? CRISIS: Are Purdue Boilermakers DONE?Braden Smith UNDER FIRE After Ohio State LOSS STEAL: Mike Washington Jr., Omar Cooper Jr. Could Be GOLD In New Orleans Saints' 2026 NFL…...
CBO: Federal deficits and debt to worsen over next decade
1+ mon, 6+ day ago (452+ words) Compared with the CBO's analysis this time last year, the fiscal outlook has deteriorated modestly. Major developments over the last year are factored into the latest report, released Wednesday, including Republicans' tax and spending measure known as the "One Big…...
Argentina's monthly inflation ticks up as Milei faces backlash over an outdated index
1+ mon, 6+ day ago (874+ words) Consumer prices rose 2.9% last month compared with December, said the statistics agency known by its Spanish acronym INDEC, largely owing to increases in the prices of food, restaurants, hotels and utility bills. Economists say that the formula that INDEC used…...
What the Federal Reserve rate cut means for you
3+ mon, 1+ week ago (637+ words) The benchmark rate is the rate at which banks borrow and lend to one another, and the Fed has two goals when it sets the rate: one, to manage prices for goods and services, and two, to encourage full employment....