News
Don't count on rate cuts just yet: Warsh as Fed chair may not lead to big policy changes
10+ hour, 53+ min ago (1121+ words) WASHINGTON " President Donald Trump has made it clear he expects his choice for Federal Reserve chair to quickly cut interest rates once he takes office. Yet Americans shouldn't pencil in lower borrowing costs for mortgages, auto loans, or business loans…...
UK inflation rises in March as prices at the pump spike higher after Iran war
3+ day, 5+ hour ago (187+ words) WSLS LONDON " Inflation in the U. K. climbed in March after a sharp jump in prices at the pump in the wake of the disruption to energy supplies caused by the Iran war, official figures showed Wednesday. The Office for National Statistics…...
Could more cattle cause record beef prices to drop? Ranchers say it's not that simple
1+ week, 2+ day ago (1067+ words) MANDAN, N. D. " It's never been so expensive for Americans to buy a steak or hamburger, but cutting those costs requires ranchers like Stephanie Hatzenbuhler to raise more cattle " and that's not an easy ask. For a host of reasons, Hatzenbuhler and…...
Gap between rich and poor nations is growing even wider, UN report says
2+ week, 11+ hour ago (370+ words) TANZANIA " The gap between rich and poor nations is growing even wider as actions agreed to by many countries last year, including overhauling the major global financial institutions, remain unfulfilled promises, a U. N. report concludes. The report assessing the blueprint adopted…...
The war in Iran has shaken up financial markets. See the impact of the conflict, in five charts
3+ week, 3+ day ago (600+ words) NEW YORK " Financial markets muddled through the first two months of the year. Then came the war. The price of a barrel of Brent crude oil is above $100 for the first time since the summer of 2022 and gasoline prices have…...
USPS seeks a temporary 8% charge on Priority Mail and other products to offset transportation costs
4+ week, 2+ day ago (234+ words) WASHINGTON " The U. S. Postal Service is seeking a temporary 8% charge on certain popular products, including Priority Mail, to help blunt the impact of rising transportation costs. USPS filed notice on Wednesday with the Postal Regulatory Commission seeking the price increase, which…...
Chances of a Federal Reserve rate cut fade as inflation worsens
1+ mon, 13+ hour ago (662+ words) WASHINGTON " The jump in gas prices stemming from the war in Iran has had another impact that may also affect many Americans' finances: Higher interest rates. Longer-term interest rates have risen quickly since the war began Feb. 28, pushing up the…...
Roanoke restaurants feel the pinch as meals tax increase takes effect
9+ mon, 9+ hour ago (697+ words) ROANOKE, Va. " Restaurant owners across Roanoke are keeping a close eye on their businesses following a 1% increase in the meals tax that took effect on July 1, pushing the total rate to 6. 5%. While it's only been three weeks, some restaurant owners…...
Trump's tariffs were supposed to help manufacturers. But instead, they're hurting
1+ mon, 1+ week ago (1135+ words) WASHINGTON " Jay Allen is a fan of President Donald Trump, and voted for him on the belief that the Republican would cut taxes and trim regulations, helping his manufacturing business in northeast Arkansas. But the tariffs at the core of…...
Asian shares are mixed and US futures slip as Brent hovers at over $100 a barrel
1+ mon, 1+ week ago (683+ words) BANGKOK " Shares wavered in Asia on Tuesday after a drop in oil prices helped send the U. S. stock market to its best day since the war in Iran began. The reprieve in prices for crude was short-lived, with Brent crude climbing…...