Energy prices surge as Strait of Hormuz tanker disruptions rattle global supply
FRANKFURT, Germany (AP) — Energy prices rose sharply Monday as disruptions to tanker traffic through the Strait of…
Trump expects his Fed pick and AI to deliver a replay of the ’90s boom. Economists have doubts
WASHINGTON (AP) — President Donald Trump, his Treasury secretary and his choice to lead the Federal Reserve believe…
US wholesale prices arrive hotter than expected, up 0.5% from December and 2.9% from a year ago
WASHINGTON (AP) — U.S. wholesale prices came in hotter than expected last month. The Labor Department reported Friday…
A slight uptick in US jobless claims as layoffs stay relatively healthy
WASHINGTON (AP) — Slightly more Americans applied for unemployment benefits last week as layoffs remain at relatively healthy…
IMF sees ‘buoyant’ US economy accelerating this year but warns of risks from tariffs, rising debt
WASHINGTON (AP) — A “buoyant’’ U.S. economy is poised to see accelerated growth and lower unemployment this year.…
More companies seek refunds from US after Trump tariffs ruled illegal
FedEx is suing the U.S. government, the latest company to request a refund on what it paid for…
Dollar languishes as Asia markets reopen to renewed tariff turmoil
The dollar languished on Tuesday as Asian markets weighed the fallout on global trade from renewed turbulence over…
US jobless claims drop to 206,000 as layoffs stay historically low
WASHINGTON (AP) — U.S. applications for unemployment benefits fell last week as layoffs remain at historically low levels.…
Fed minutes: Most officials want more inflation progress before more rate cuts
WASHINGTON (AP) — Many Federal Reserve officials want to see inflation fall further before they would support additional…
Inflation measure falls to nearly five-year low as gas prices fall and housing costs cool
WASHINGTON (AP) — A key measure of inflation fell to nearly a five-year low last month as apartment…
Wall Street steadies after its AI-induced sell-off
NEW YORK (AP) — U.S. stocks steadied on Friday after an encouraging update on inflation helped calm a…
US stocks drop sharply as investors hunt for losers that will be hurt by AI
NEW YORK (AP) — U.S. stocks fell sharply Thursday as the market punished companies seen as potential losers…