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News
Oil touches $97 per barrel as diesel prices surge to highest level this year
38+ min ago (670+ words) The price of crude oil rose for a fourth straight trading session on Thursday, part of a monthlong run that has helped push the average cost of diesel fuel to its highest level since 2022. At $5.78 per gallon on Thursday morning,…...
Bond yields surge and stocks tumble as inflation fears ripple through markets.
2+ day, 2+ hour ago (643+ words) Jury in Lindsay Clancy trial is deadlocked, judge sends them back for more deliberation U.S. government borrowing costs surged Tuesday and stock markets opened sharply lower amid growing concerns that the Federal Reserve will raise interest rates at its next policy…...
How Fed Chairman Kevin Warsh course corrected after a ‘confusing’ debut
4+ day, 16+ hour ago (54+ words) NBC News JACKSON HOLE, Wyo. — The crowd inside the Jackson Lake Lodge applauded Friday as Federal Reserve Chairman Kevin Warsh wrapped up his first keynote address since President Donald Trump tapped him for the top job at the central bank…...
Trump’s new Fed chair walks fine line on inflation in key speech
6+ day, 1+ hour ago (325+ words) JACKSON HOLE, Wyo. — President Donald Trump’s new Federal Reserve Chair said Friday that although measures of inflation are still elevated, it is not yet clear that the central bank must take urgent action to address rising prices. The speech at…...
‘Big questions’ and few easy answers for Trump’s Fed chair at annual retreat
6+ day, 10+ hour ago (936+ words) BREAKING: Judge blocks Trump’s Postal Service regulation on mail-in ballots JACKSON HOLE, Wyo. — There is a lot riding on Federal Reserve Chair Kevin Warsh’s speech here Friday morning at the Fed’s storied annual retreat in the Tetons. Previous Fed chairs…...
At Walmart, billions in tariff refunds soften the blow from slower sales growth
1+ week, 6+ day ago (667+ words) Walmart says it has received nearly $3 billion in tariff refunds — and used some of that windfall to cut prices for consumers strained by inflation. The refunds helped boost Walmart’s profit, according to the company’s quarterly earnings report Thursday. “Customers tell…...
Bond yields plunge after Treasury’s surprise move to ease rates
2+ week, 1+ day ago (527+ words) Longer-term U.S. Treasury yields dropped sharply Wednesday after the Treasury Department announced that it would increase the size of its government debt repurchases by “at least double” in a surprise move. The yield on the 30-year Treasury bond plunged from 5.26% to…...
China’s backflipping robots leap to blockbuster stock market debut in latest sign of AI boom
2+ week, 1+ day ago (519+ words) HONG KONG — The robotics firm behind China’s famously backflipping humanoids leapt to a remarkable stock market debut on Wednesday, with Unitree’s shares closing up 460% as investors rally behind homegrown beneficiaries of the A.I. boom. On Monday, the Hangzhou-based company unveiled…...
Higher interest rates start to look like the new normal
2+ week, 6+ day ago (45+ words) NBC News The U.S. government on Thursday sold debt at its highest interest rate in 25 years, reflecting worries about inflation, global debt and the borrowing spree that’s funding the buildout of AI data centers....
Stocks rise and interest rates fall after inflation report
2+ week, 6+ day ago (458+ words) Stocks rose and bond yields fell sharply Thursday morning after a fresh read on business inflation showed prices were broadly flat in July. The report fueled optimism on Wall Street that the Federal Reserve may hold off on raising rates…...