News
Exclusive-War Threatens Russian Banking Crisis, European Intelligence Report Says
3+ hour, 28+ min ago (851+ words) A flag flies above the headquarters of the Russian Central Bank on the day of a key rate-setting meeting in Moscow, Russia, April 24, 2026. REUTERS/Anastasia Barashkova PARIS/BERLIN, July 6 (Reuters) - Russia risks an "explosive" banking crisis because lenders are shouldering…...
Wholesale Inflation Hits 4. 1%, Highest Pace in 3 Years
1+ week, 4+ day ago (367+ words) While energy drove a lot of the gain, monthly costs for health care and housing increased more. Wholesale Inflation Rises to 3-Year High Wholesale inflation reached a three-year high in May, as gasoline drove prices up at an annual rate…...
All Eyes Turn to Fed Chair Kevin Warsh and His First Moves on Interest Rates
2+ week, 6+ day ago (806+ words) 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 All…...
Russia Slashes Fuel Quality Rules to Stave off Shortages, Kommersant Reports
2+ week, 6+ day ago (432+ words) A petrol pump nozzle fills the tank of a car at a fuel station of Neftmagistral company in Moscow, Russia, September 8, 2023. REUTERS/Maxim Shemetov MOSCOW, June 15 (Reuters) - Russia is allowing some oil "refineries "to produce fuel with lower "environmental specifications…...
Inflation Tops 4% as Energy Costs Hit Consumers Hard
3+ week, 5+ day ago (510+ words) Rising prices for oil and gasoline drove more than 60% of the monthly gain. Inflation Tops 4. 2% Annually in May Nam Y. Huh | AP A shopper shops at a grocery store in Schaumburg, Ill. , on May 14. Inflation continued to roar in May, driven primarily…...
Warsh Is Sworn in as the Fed Chair After Trump's Bid for Greater Control Over the Independent Bank
1+ mon, 2+ week ago (759+ words) President Donald Trump has overseen the White House swearing-in of the new Federal Reserve chair Warsh Is Sworn in as the Fed Chair After Trump's Bid for Greater Control Over the Independent Bank Trump spent months criticizing Warsh's predecessor, Jerome…...
Americans Report Lowest Faith in Economy Since 2022
1+ mon, 2+ week ago (516+ words) The latest Gallup poll shows Americans are losing faith in the economy as gas prices and inflation surge. Americans Pessimistic About the Economy Gas prices are shown at a Shell gas station in Hacienda Heights, Calif. , on May 20, 2026. Americans" confidence…...
Is Trump His Own Worst Enemy on the Economy?
1+ mon, 2+ week ago (477+ words) President Trump can claim some success on the economy, but his decisions have also spurred a spike in inflation. An Economy Overshadowed by Inflation Falling share prices are displayed behind a monitor showing President Donald Trump. President Donald Trump made…...
Fed Minutes Suggest Interest Rate Hikes Are on the Table if Inflation Continues
1+ mon, 2+ week ago (671+ words) Kevin Warsh is set to take over as chairman of the central bank as policymakers seem to be weighing rate hikes. Fed Minutes: Rate Hikes Are on the Table Kevin Warsh arrives for his Senate Banking, Housing and Urban Affairs…...
Powell's Legacy at the Fed to Be Shaped by His Misjudging Inflation and Standing up to Trump
1+ mon, 3+ week ago (1393+ words) When Jerome Powell was sworn in as chair of the Federal Reserve eight years ago, economists worried that inflation and interest rates were too low and that too few Americans had jobs Powell's Legacy at the Fed to Be Shaped…...