Business

Federal Reserve Governor Christopher Waller said Thursday he is leaning toward keeping interest rates steady at the central bank’s September meeting provided there are no surprises from upcoming inflation data. In remarks that seem to contrast with statements last week from Chairman Kevin Warsh, Waller expressed confidence in the current inflation trends, saying that tariff…

A Mediterranean Shipping Company (MSC) container ship sails off the southeastern Mediterranean coast of France in Marseille on April 7, 2026. (Photo by Thibaud MORITZ / AFP via Getty Images) Thibaud Moritz | Afp | Getty Images A months-long crisis in the Strait of Hormuz has turned an overlooked corner of the market into one…

Thomas Fuller | SOPA Images | Lightrocket | Getty Images New Jersey has asked the Supreme Court to review a case that could determine whether states or the federal government have oversight of prediction markets. “We’re calling on the Supreme Court to resolve this issue and recognize that Congress did not silently make the sports-betting…

U.S. Treasury yields were broadly higher on Wednesday as inflation and debt concerns pressured global government borrowing costs. The yield on the 10-year Treasury note — the main benchmark for mortgages, auto loans and credit card debt — was 1 basis point higher at 4.81%. It also reached 4.814%, its highest level since November 2023….

Iranian-made Zolfaghar missiles are displayed at Azadi Square in Tehran on August 2, 2026. Atta Kenare | Afp | Getty Images U.S. forces completed another wave of strikes against Iran late Tuesday stateside, hitting multiple sites across the country, in a renewed exchange of fire between the warring parties after a nearly month-long hiatus. In…

Federal Reserve Board Governor Michael Barr speaks about “Artificial Intelligence and the Labor Market” to the New York Association for Business Economics (NYABE) in New York City, U.S., Feb. 17, 2026. Brendan McDermid | Reuters Federal Reserve Governor Michael Barr said Tuesday he would be prepared to support an interest rate hike if inflation doesn’t…

This picture shows signage of cross-border fast fashion e-commerce company SHEIN. Jade Gao | Afp | Getty Images Shares of Shein fell 9% in their Hong Kong trading debut Tuesday, after a tepid IPO that saw the fast-fashion giant’s valuation drop to nearly a quarter from its peak. The Singapore-headquartered, company sold about 280 million…

Drivers in the U.S. won’t see lower gas prices from President Donald Trump’s massive oil deal with Venezuela because it will take years to significantly boost the country’s production, experts say. Trump announced Friday that the U.S. secured majority control over 65 billion barrels of Venezuela’s proven oil reserves, around 20% of the 303 billion…

Andrew Bailey, governor of the Bank of England (BOE), during a Bloomberg Television interview at the Reykjavik Economic Conference in Reykjavik, Iceland, on Friday, May 29, 2026. Betty Laura Zapata | Bloomberg | Getty Images The growing threat posed by advanced artificial intelligence models could trigger a disorderly correction in global financial markets, according to…

LIUZHOU, CHINA – JULY 25: Robotic arms assemble auto parts at the workshop of Guangxi Liuzhou Zhuotong Auto Parts Co., Ltd. on July 25, 2026 in Liuzhou, Guangxi Zhuang Autonomous Region of China. He Huawen | Visual China Group | Getty Images China’s manufacturing activity in August shrank for a second straight month, though by…