305 articles
Federal Reserve Chair Jerome Powell will remain in his role until a successor is confirmed, despite an ongoing probe. Meanwhile, oil prices have surged past $115 a barrel, raising concerns about inflation and economic growth.
Escalating Middle East conflict sees direct strikes on Iran's South Pars gas field, sending oil prices up over 7% and European gas prices soaring 35%. This disruption to critical energy infrastructure raises inflation concerns and threatens global economic growth.
Lord Stuart Rose warns that the UK's economy is in a perilous state, vulnerable to global energy shocks due to low growth and high debt. He stresses the need for government action to restore confidence and re-evaluate long-term energy strategy, while rejecting price controls.
Federal Reserve Chair Jerome Powell's comments on inflation and the economy are facing scrutiny, as markets react to geopolitical uncertainty and differing economic outlooks. While some analysts warn of stagflation and a looming crisis, others see resilience despite sector-specific risks.
Iran's escalating attacks are driving oil prices toward $150 a barrel, with a former Trump advisor warning the U.S. economy can't handle such costs. The Pentagon's massive budget request suggests a prolonged conflict, raising fears of inflation and recession.
Federal Reserve rate cuts may be postponed as inflation persists and the economy shows mixed signals. Strategists warn that 'higher for longer' interest rates are possible, impacting different consumer groups unevenly. Despite uncertainty, strong corporate earnings offer potential in specific market sectors.
The war with Iran escalated, sending shockwaves through global markets as the Dow closed at its lowest point of the year. Intelligence Director John Ratcliffe faced scrutiny over the justification for U.S. involvement, while economic fears grew. Meanwhile, the Southwest sweltered under a rare heat wave, and Nebraska battled historic wildfires.
The stock market plunged nearly 800 points on Wednesday after Federal Reserve Chair Jerome Powell's remarks introduced uncertainty into the economic outlook. A hotter-than-expected inflation report and rising energy prices further fueled investor concerns. The Federal Reserve held interest rates steady but signaled caution about future economic conditions.
New documents reveal surprising details about Donald Trump's past interactions with Jeffrey Epstein's lawyers. Simultaneously, escalating conflict in the Middle East, following strikes on Iran's South Pars gas field, has triggered global energy security warnings and economic turmoil. Inflation is accelerating, and the stock market is suffering significant losses amid rising oil prices and geopolitical instability.
Former Reagan economist Art Laffer argues the current Federal Reserve is making policy mistakes that fueled inflation. He predicts a new Fed leader will shrink the balance sheet, cut rates faster, and bring down long-term interest rates significantly within a year.
