Inflation across the U.S. accelerated in May as the shock to global energy supplies from the Iran war continued to push prices higher. The Consumer Price Index rose at an annual rate of 4.2%, up from 3.8% in the prior month and marking the highest level
In yet another sign that the paper oil market may be too complacent about the magnitude of the supply disruption in the Middle East, trades have been boosting their short positions in oil futures for most of the past two months.
Economists expect a key inflation gauge set to be released on Wednesday to show that U.S. consumer prices in May rose at their fastest pace in more than three years.
For more than three months, oil market participants have hoped that the Middle East conflict would be resolved any day now, while about 13 million barrels per day (bpd) have been wiped off global supply due to the closed Strait of Hormuz.
As Federal Reserve chairman, Jerome Powell had one of the most contentious tenures in the central banks history. He faced significant political pressure from President Donald Trump, including a criminal investigation over the costs of renovating the Fed
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Persian Gulf oil exporters are scrambling to reroute their crude from ports to pipelines to keep the world running and keep their oil money flowing and fueling their economies. Sanction waivers abound. Venezuela’s oil output has shot up to 1.25 million ba
President Donald Trump said the Federal Reserve would be wrong to raise interest rates as his nominee Kevin Warsh prepares to chair his first Fed policy meeting.
On the back of strong confidence from hedge funds and Wall Street, Micron Technology, Inc. (NASDAQ:MU) is one of the best AI infrastructure stocks, with upside potential of upto 80.2% (street-high).
At Treasury Secretary Scott Bessent’s testimony before Congress on Wednesday, Sen. Bill Cassidy (R-LA) brought up a well-worn data point: 10,000 Baby Boomers enter Social Security every day. “In our plan,” Bessent vowed, “the senior citizen does not pay m
Oil slipped following three days of gains after Israel and Lebanon agreed to a ceasefire if Hezbollah also stops hostilities, which would remove a key sticking point in talks between Washington and Tehran.
The Feds "Beige Book" anecdotal report gave a snapshot of an economy grappling with the effects of rising fuel prices from the Iran war.
The net number of jobs AI is eliminating each month is shrinking. That sounds like good news. It isn’t — at least not for Gen Z.
Oil prices held on to most of the previous sessions sharp gains in early trade on Tuesday on uncertainty over the status of ceasefire talks between the United States and Iran and ?the potential reopening of the Strait of Hormuz.
The first inflation report under new Federal Reserve chief Kevin Warsh shows consumer prices in April were at their highest level in almost three years.
