News
More Federal Reserve officials see possible rate hikes this year, minutes show
3+ week, 19+ hour ago (352+ words) And "many" of the officials pointed to the risk that higher oil and gas prices could keep inflation elevated for "longer than expected, which could call for rate increases" to push inflation back down. For about 18 months, the Fed has…...
Key inflation gauge jumps to highest level in 3 years as Iran war spikes gas prices
16+ min ago (247+ words) An inflation gauge monitored by the Fed rose 0. 7% in March from February, up sharply from the previous month, the Commerce Department said Thursday. Compared with a year ago, prices rose 3. 5%, the biggest increase in almost three years. Excluding the volatile…...
U. S. economy grew 2% from January-March, recovering from federal shutdown; Iran war clouds outlook
11+ hour, 49+ min ago (143+ words) The U. S. economy accelerated at the start of 2026, expanding at a modest 2% pace from January through March after recovering from last fall's 43-day federal government shutdown. But the outlook is. .. Growth in consumer spending, which accounts for 70% of U. S. economic activity, slowed…...
Inflation hits 3% in Europe as Iran war spreads oil price shock
3+ hour, 5+ min ago (305+ words) Annual inflation in the 21 countries that use the shared euro currency rose to 3. 0% from 2. 6% in March, fueled by a 10. 9% increase in energy prices, the European Union statistical agency Eurostat reported Thursday. Crude oil is trading above $120 per barrel, up from…...
Fed likely to leave rates unchanged at what may be Powell's last meeting, as Warsh to advance
1+ day, 8+ hour ago (341+ words) SFGATE Powell will preside over what will probably be his last meeting as chair and hold a news conference Wednesday afternoon, when he may say whether he will take the unusual step of remaining on the central bank's board of…...
US consumer confidence inches higher in April despite Iran war, soaring gasoline prices
1+ day, 22+ hour ago (492+ words) The Conference Board said Tuesday that its consumer confidence index inched up to 92. 8 in April from 92. 2 in March. Though the gauge measuring American consumers' confidence has ticked up the past two months, the reading remains mired near its lowest level…...
San Jose Spotlight: San Joses Faulty Formula Zeroed Out Worker Pay Increases
4+ day, 18+ hour ago (471+ words) An obscure wage formula used by San Jose is getting an update -- bringing a pay bump to some of the city's lowest paid workers following a year when their wages didn't rise at all. The wonky policy tweak comes in…...
Mortgage Rates Idle While Spring Homebuying Season Stalls
6+ day, 18+ hour ago (436+ words) This article was first published on Nerd Wallet. com. Mortgage interest rates edged modestly lower this week as the Iran ceasefire was extended. Day-to-day we've seen rates rise and fall, but the moves have been small enough that rates are…...
Kosovo, one of Europe's poorest countries, struggles as Iran war drives up fuel prices
1+ mon, 4+ day ago (504+ words) But Ajvazi's company faces unplanned challenges because of a steep rise in fuel prices caused by the war in Iran, whose ripple effects have reached this small corner of southeastern Europe. The Pestova company has nearly 100 acres of potato fields…...
7-Eleven expects to close hundreds of its stores in North America this year
2+ week, 1+ day ago (362+ words) NEW YORK " Convenience chain 7-Eleven expects to close hundreds of its locations this year. According to earnings filings published last week, 7-Eleven's North American operator plans to close 645 stores in the 2026 fiscal year " outpacing the 205 locations it forecasts it will…...