Charting the global economy: Oil surge fans global inflation
Inflation pressures intensified across the global economy this week as surging energy costs from the Iran war continued…
Marginal improvement in CPI may not be enough to stave off September rate hike – Natixis’ Christopher Hodge
(Kitco News) – Friday’s CPI report will likely show that underlying inflation continues to move in the right…
Elon Musk predicts humanoid robots will hit one billion in 10 years and outproduce ‘all humans’
Elon Musk has predicted there will be at least one billion humanoid robots within the next decade that…
Gold price at $4,463/oz after ISM Services PMI rises to 55.4 in August
(Kitco News) – The U.S. service sector improved above expectations last month, according to the latest data from…
Fed’s Musalem argues against easy policy just to bolster productivity
Aug 6 (Reuters) – Federal Reserve Bank of St. Louis President Alberto Musalem said on Thursday it is…
Rocket Lab’s Latest Deal Puts It on a Collision Course With SpaceX
The share prices of space economy stocks may be sinking, but that does not make the sector any…
Despite a temporary glut in crude oil, a shortage of refined fuels is threatening the global economy
With mid-term elections looming in November, time is running out for the US president to negotiate a permanent…
Strong retail sales mask widening K-shaped economy as consumer financial stress mounts
(Kitco News) – The U.S. consumer continues to support economic growth, but beneath resilient headline spending, new data…
Oil reserves eased Iran war price shock, but now they are ‘spent’, IMF says
Depleted oil reserves have left economies vulnerable to soaring fuel prices as the US-Iran conflict resumes, the IMF…
Fossil fuels supply 86% of global energy despite record renewables
NEWYou can now listen to Fox News articles! The world consumed more energy than ever before in 2025,…
FOMC minutes show a Fed united on rates and communications, but concerned about impacts of Iran, tariffs and AI on inflation
(Kitco News) – The minutes from the June 16-17 Federal Open Market Committee (FOMC) meeting showed members united…
Fed’s Williams tells Fox Business he’s more sanguine on inflation due to energy price retreat
July 7 (Reuters) – Federal Reserve Bank of New York President John Williams said in a television interview…