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…...

2+ day, 21+ hour ago   (608+ words) Sales of previously occupied US homes declined in August to their slowest annual pace in more than a year as home shoppers grappled with rising mortgage rates and home prices. Existing home sales fell 2% last month from July to a…...

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…...

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…...

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…...

1+ week, 1+ day ago   (130+ words) US employers added 162,000 jobs in August, above estimates of just 53,000 jobs and a loss of 23,000 the previous month, the Bureau of Labor Statistics said Friday. Employers hired at a surprisingly strong pace in August, raising bets that the Federal Reserve…...

2+ week, 1+ day ago   (455+ words) Federal Reserve Chair Kevin Warsh said Friday there may be “work to do” on inflation, though he again danced around his outlook on interest rates during a closely-watched speech at the central bank’s annual Jackson Hole, Wyo., retreat. Warsh said…...

2+ week, 5+ day ago   (665+ words) The founder of a research company that does business with Forbes has apologized for giving a cool $6 million to the publication’s former top editor, who was fired over the payment last month. Forbes axed Chief Content Officer Randall Lane after…...

3+ week, 3+ day ago   (533+ words) Concern about inflation deepened at the Federal Reserve’s meeting last month, with “several” policymakers ready to raise interest rates and “many” saying a hike in borrowing costs would be needed if inflation does not decline to the central bank’s 2% target,…...

3+ week, 4+ day ago   (413+ words) Initial public offerings for OpenAI and Anthropic stand to unlock an estimated $430 billion in charity pledges, rivaling the gifts of American tycoons during the Gilded Age. With the companies’ looming IPOs estimated to generate more than $1 trillion each, both AI…...