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News
Fed Chair Kevin Warsh under pressure to hike rates as inflation fails to cool: ‘Time to put up or shut up’
1+ day, 18+ hour ago (611+ words) Back-to-back hotter-than-expected inflation readings may disappoint the majority of US central bankers who had been counting on price pressures easing on their own, setting the table for an interest-rate hike at the Federal Reserve’s meeting next week and potentially more…...
Inflation rises 3.4% in August as interest-rate hike odds soar
1+ day, 15+ hour ago (798+ words) A key inflation gauge in August came in slightly hotter than expected – sending the odds the Federal Reserve will hike interest rates next week toward near certainty. The core figure in the Consumer Price Index – which excludes volatile food and…...
Wholesale inflation rises by most in 3 months ahead of Fed interest-rate decision
2+ day, 23+ hour ago (184+ words) Wholesale inflation in August saw its strongest increase in three months, largely driven by higher energy costs – as the Federal Reserve weighs whether to raise interest rates next week to stem rising prices. The Producer Price Index jumped 5.4% in August…...
Exclusive | Hunter Bidenâs meme coin crushed 4 out of 5 buyers while one mystery trader raked in $1M
3+ day, 2+ hour ago (458+ words) Four out of five people who bought into Hunter Biden’s new meme coin saw their investments go up in smoke during the cryptocurrency’s spectacular launch-day collapse on Wednesday — even as one mystery trader turned a roughly $250,000 bet into $1.18 million within…...
Trump claims oil, gas prices will fall ‘right after’ midterm elections
3+ day, 15+ hour ago (346+ words) President Trump says oil and gas prices won’t come down until “right after” the midterm elections, as affordability issues remain top of mind for American voters. “Right after the election, oil prices are going to be tumbling downward,” Trump told…...
Canadian alcohol brands sold in the US that are now banned after Trump’s latest tariffs
3+ day, 18+ hour ago (458+ words) It’s a last call on Crown Royal. President Trump has upped the ante on the ongoing tariff saga, this time issuing a full ban on certain Canadian products. The president signed several proclamations restricting most alcohol coming in from the…...
Hunter Biden’s $LAPTOP meme coin rockets from $3 to $300 — then crashes within minutes
3+ day, 19+ hour ago (467+ words) Hunter Biden’s crypto coin has crashed as hard as a crackhead coming down from a long bender. The prodigal son’s new $LAPTOP meme coin skyrocketed from roughly $3 to more than $300 within seconds of its Wednesday debut — only to surrender virtually…...
Bombardier stock sinks after Trump threatens to shut Canadian jet maker out of US
4+ day, 17+ hour ago (452+ words) Bombardier shares tumbled Tuesday after President Trump threatened to shut the Canadian business jet maker out of the US market unless it starts building its planes in America. The Montreal-based manufacturer’s stock opened down 6.4% in Toronto before clawing back some…...
Oil nears $100 a barrel as Middle East tensions fuel inflation fears
4+ day, 21+ hour ago (495+ words) Oil prices neared $100 a barrel on Tuesday as tensions reheated in the Middle East, fueling fears that higher inflation data could sway the Federal Reserve to raise interest rates next week. Brent crude oil futures jumped 1.1% to $98.27 a barrel while…...
Trumponomics triumphs in US jobs report — just in time for the midterms
5+ day, 3+ hour ago (806+ words) American manufacturing is on the rebound — and that good news could hardly come at a better time for President Donald Trump, as Republicans gird themselves for the midterm elections just two months from now. Manufacturing isn’t the only sector that’s…...