The Federal Reserve is widely expected to lift its short-term interest rate Wednesday for the first time in three years to fight stubbornly high inflation, a move that would put the central bank at odds with President Donald Trump’s support for a cut.
A recent survey shows that many retirees are afraid to spend their hard-earned savings after leaving the workforce.
Artificial-intelligence stocks are sliding worldwide Monday after leaders of the industry warned a slowdown is needed for safety.
U.S. inflation accelerated last month as gas prices spiked in the wake of renewed fighting in the Middle East, underscoring the affordability challenges that are top of mind for many voters with midterm elections now just seven weeks away.
U.S. stocks are rebounding Friday and clawing back much of their losses for the week after oil prices eased off their recent spurt.
The average 30-year fixed mortgage rate is the highest it’s been since June of last year.
Copper prices are surging to record highs, driven by strong demand, tighter mine supply and tariff uncertainty.
Wholesale inflation picked up last month after cooling earlier this summer as higher oil and gas prices stemming from the Iran war keep costs elevated.
Oil prices keep climbing as the war with Iran keeps clogging the global flow of crude, and they got back to where they were before the summer on Thursday.
The Trump Administration is working on a census plan that would stop counting undocumented migrants.
