News
Federal Reserve faces unorthodox leadership change: Warsh enters, Powell remains
4+ hour, 13+ min ago (855+ words) WASHINGTON " President Trump's pick to lead the Federal Reserve, Kevin Warsh, has said he wants to bring "regime change" to the central bank, but if confirmed by the Senate he will find a Fed already transformed by the White House's…...
Tax refunds, AI boom have offset some U. S. economic pain from Iran war and high gas prices, so far
6+ hour, 56+ min ago (748+ words) WASHINGTON " Americans are paying for the war in Iran with every visit to the gas station, but some of the damage to the U. S. economy is being offset - for now anyway - by big tax refunds and an investment boom driven by…...
High oil prices due to the Iran war weigh on everything from the gas pump to consumer goods
2+ hour, 56+ min ago (809+ words) Consumers are paying for the Iran war's disruption of global energy production as the conflict enters its third month. Steeper gasoline, diesel and jet fuel prices are making driving and air travel more expensive. Many companies warn there's more to…...
Fed holds rates steady in Jerome Powell's last meeting as chairman
1+ day, 5+ hour ago (473+ words) Senate panel advances Powell's successor, Kevin Warsh The Federal Reserve decided to hold interest rates steady on Wednesday in what was likely Jerome Powell's last session as chair. The Federal Open Market Committee kept its benchmark rate at 3. 5%-3. 75% as it…...
Gallup: More Americans than ever describe finances as "getting worse
2+ day, 9+ hour ago (347+ words) A record 55% of adults say their finances are "getting worse" in Gallup's latest poll. The polling company reported Tuesday that the mark is up from 53% last year " the previous high in surveys conducted since 2001. It marks the fifth consecutive year…...
Will Powell stay or go? Fed chair may reveal next steps after central bank meeting Wednesday
2+ day, 19+ hour ago (642+ words) WASHINGTON " The Federal Reserve will meet this week ahead of a looming leadership transition that remains fuzzy, and Wednesday's news conference will be closely watched for any clarification. Also Wednesday, the Senate Banking Committee will vote on whether to confirm…...
Carney unveils $18 billion Canadian government-owned investment fund
3+ day, 3+ hour ago (339+ words) TORONTO " Canada is developing a government-owned investment fund, Prime Minister Mark Carney said Monday. Carney said that the fund would invest in major Canadian industrial projects, in areas such as energy, infrastructure, mining, agriculture and technology. It will begin at…...
U. S. stocks hang around their record highs as oil prices swing
1+ week, 8+ hour ago (820+ words) NEW YORK " The U. S. stock market is hanging around its all-time high Thursday following mixed profit reports from Tesla and other big companies. Oil prices, meanwhile, are swinging on continued uncertainty about what will happen next in the war with Iran....
To save U. S. health care, stop abusive hospital billing
1+ mon, 2+ week ago (808+ words) Consumers bear the brunt of inflated costs Health care costs in the United States are rising fast, and families are paying the price. A large and often overlooked factor driving up premiums and out-of-pocket costs for American consumers is abusive…...
U. S. sees unexpected loss of 92, 000 jobs in February; unemployment rate rises to 4. 4%
1+ mon, 3+ week ago (567+ words) The U. S. shed 92, 000 jobs during February, a surprising downturn after a positive start to the year that complicates the political picture for President Trump as economic worries rise alongside the Iran war. The Bureau of Labor Statistics said the unemployment rate…...