Economic News
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Fed leaves interest rate unchanged but with 3 dissents as Warsh praises 'good family fight'
The Federal Reserve left its key interest rate unchanged Wednesday despite persistently high inflation and a spike in energy prices caused by the Iran war
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Oil prices jump, while the Dow drops more than 1,100 as sinking AI stocks drag Wall Street lower
Oil prices got back to jumping, while sinking technology stocks dragged Wall Street lower amid uncertainty about what the Federal Reserve will do to get high inflation under control
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Federal Reserve leaves interest rate unchanged in 9-3 vote, but a hike is widely expected at next meeting in September
Federal Reserve leaves interest rate unchanged in 9-3 vote, but a hike is widely expected at next meeting in September
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Wildfires near Bordeaux bring more troubles to France's wine industry
Wildfires near Bordeaux are hurting the wine region's economy
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US bans foreign-made humanoid robots, targeting China over national security
The U.S. Federal Communications Commission is banning imports of new foreign-made humanoid robots and power inverters, citing national security risks
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Senate takes first steps on Russian sanctions as Zelenskyy watches from Senate gallery
The Senate took the first steps toward passage of a sweeping Russian sanctions bill on Tuesday with Ukrainian President Volodymyr Zelenskyy in the Capitol
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Americans' confidence in US economy falls as Iran conflict sends gas prices higher
Americans’ confidence in the economy fell this month as gas prices resumed their climb after the U.S. and Iran stepped up their fighting
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Will tough talk be enough? Fed Chair Warsh faces pressure to combat inflation
The Federal Reserve is expected to keep its key interest rate unchanged when it meets Wednesday, but chair Kevin Warsh is under increasing pressure to hike rates soon, a move that could provoke ire from President Donald Trump, who appointed him
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China hits back at criticism over excess industrial capacity as more US tariffs loom
China has rejected criticism that its huge trade surplus reflects excessive manufacturing capacity
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IMF chief says Argentina is better positioned to meet debt obligations under Milei
International Monetary Fund Managing Director Kristalina Georgieva praised President Javier Milei’s austerity policies during a visit to Buenos Aires
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