News
Federal Reserve could signal no interest rate cuts this year in wake of Iran war
10+ hour, 43+ min ago (353+ words) Many economists expect the Fed will forecast that inflation will remain as high as 3% even by late 2026. An increase of that magnitude could be hard to square with more interest-rate cuts. At the same time, the jump in gas prices…...
US stocks hold steadier as Wall Street waits for the next signal on how long war with Iran may last
1+ week, 1+ day 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…...
CNBC analysis shows Walmart prices increased as much as 51% following tariffs
7+ mon, 4+ week ago (184+ words) SECAUCUS, N.J. (KNWA/KFTA) " CNBC tracked the prices of about 50 products sold in Walmart and found that prices rose as high as 51% following the company's announcement that it would raise prices following President Donald Trump's tariffs. CNBC tracked the prices of…...
Asian shares are mixed after China-US talks end without a trade deal
7+ mon, 2+ week ago (628+ words) by: ELAINE KURTENBACH, Associated Press Beijing's top trade official said China and the United States agreed during two days of talks in Stockholm, Sweden, to work on extending an Aug. 12 deadline for imposing higher tariffs on each other. The U.S. side…...