Wall Street is mixed following another discouraging inflation report and a recovery for tech stocks
Wall Street is drifting in mixed trading on Wednesday after another discouraging update on inflation and a recovery for technology stocks.
Author: Associated Press
Senate confirms Trump pick Warsh as chairman of the Federal Reserve, following Powell
The Senate on Wednesday is set to confirm President Donald Trump’s nominee to lead the Federal Reserve, Kevin Warsh, bringing new leadership to the world’s most powerful central bank at a fraught moment for the global economy.
Producer prices shot up 6%, adding to pressure on companies to raise prices for customers
U.S. wholesale inflation came in hot last month. Producer prices rose 6% from a year earlier, the highest point in more than three years, as the Iran war pushes up energy prices and intensifies pressure on companies to pass along their rising costs to consumers.
US consumer prices jump as Iran war sends energy prices rapidly higher
U.S. consumer prices climbed sharply again last month as the 10-week war with Iran pushed energy prices higher.
Missouri’s new US House map goes to court while Louisiana and South Carolina consider redistricting
Missouri’s top court is hearing an important legal challenge Tuesday to one of President Donald Trump’s earliest redistricting successes while lawmakers in Louisiana and South Carolina weigh whether to become the most recent Republican states to redraw U.S. House districts ahead of the midterm elections.
Supreme Court temporarily extends women’s access to a widely used abortion pill
The Supreme Court is leaving women’s access to a widely used abortion pill untouched until at least Thursday, while the justices consider whether to allow restrictions on the drug, mifepristone, to take effect.
Oil prices rise after Trump rejects Iran’s latest peace proposal, but US stocks hold steady
Oil prices are rising Monday as the war with Iran threatens to drag on for longer, but the U.S. stock market is nevertheless holding near its record heights.
US standoff with Iran deepens and strait remains closed after Trump rejects latest proposal
The United States and Iran were in a deepening standoff Monday after U.S. President Donald Trump rejected Tehran’s latest offer to end the war. Officials said the proposal included some concessions on its disputed nuclear program.
US fires on and disables 2 more Iranian tankers as tensions rise in the Strait of Hormuz
U.S. forces fired on and disabled two Iranian oil tankers on Friday after exchanging fire with Iranian forces in the Strait of Hormuz overnight. The United Arab Emirates, meanwhile, reported another Iranian missile and drone attack.
US employers defy economic shock from Iran war and add a surprisingly strong 115,000 jobs in April
America’s employers delivered a surprising 115,000 new jobs last month despite an economic shock from the Iran war.
