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WASHINGTON — The U.S. economy is confronting simultaneous labor market weakness and trade policy uncertainty as the July 4th holiday approaches, with fresh data and diplomatic moves pointing to a more fragile outlook. Bu…
WASHINGTON, United States – The U.S. labor market showed clear signs of weakening in June 2026, as new government data and a Newsweek analysis pointed to a marked hiring slowdown alongside the growing impact of artificia…
United States – Gold prices fell sharply on Tuesday, June 30, 2026, putting the precious metal on track for its steepest monthly drop since the October 2008 global financial crisis. Spot gold traded at $3,985.57 per ounc…
The U.S. dollar has risen to its strongest level in 13 months, with the U.S. Dollar Index gaining more than 5% since late January 2026 as foreign capital pours into American financial markets. Investors are attracted by …
The Bank for International Settlements (BIS) has warned that a combination of rising public debt, financial fragilities and uncertainty over the sustainability of the artificial intelligence boom is heightening global ec…
Washington — The United States labor market showed unexpected resilience as new weekly jobless claims declined to 215,000, underscoring that many employers are retaining staff despite economic uncertainty and well-public…
The United States Commerce Department reported Thursday that the Federal Reserve’s preferred inflation measure, the Personal Consumption Expenditures price index, rose 4.1 percent year-over-year, its highest level in thr…
U.S. Treasury yields rose on Monday as investors reacted to President Donald Trump’s renewed threats of military action against Iran over Hezbollah’s attacks on Israel, a development that pushed oil prices higher and sha…
The U.S. Federal Reserve, led by Chair Kevin Warsh, announced today the creation of a task force to examine and begin reducing the central bank’s $6.7 trillion balance sheet. The move represents the first major structura…
Chicago. Governor J.B. Pritzker signed the Digital Asset Tax Act on 18th June 2026, embedding a 0.2% levy on the exchange, transfer and custody of cryptocurrencies into Illinois' fiscal year 2027 budget; the law requires…
The Federal Open Market Committee is set to announce its latest interest rate decision on Wednesday, June 17, 2026, in Washington, in the first policy meeting led by new Federal Reserve Chair Kevin Warsh. Markets, as mea…
The US Federal Reserve opened a two-day policy meeting today, the first chaired by Kevin Warsh since his nomination by President Donald Trump in late January. Warsh takes over amid faster inflation and a strong labor mar…
Global crude oil prices jumped 4.8% to $99.12 per barrel in early trading on June 13, 2026, after reports of renewed naval skirmishes in the Persian Gulf and fresh tanker attacks in the Strait of Hormuz. The move reverse…
United States financial markets surged in early trading on June 12, 2026, after President Donald Trump announced he had canceled planned military strikes against Iran. The S&P 500 rose 1.3%, the Dow Jones Industrial Aver…
Consumer inflation in the United States reached 4.2% year-over-year in May, according to new Bureau of Labor Statistics data, marking the highest rate in three years. The increase is driven largely by higher energy and f…
A Cleveland Federal Reserve official, Beth Hammack, a voting member of the Federal Open Market Committee, signaled that a monetary policy shift toward tighter conditions may soon be warranted following a strong U.S. jobs…
U.S. stock markets fell sharply after a stronger-than-expected May 2026 employment report heightened expectations of further Federal Reserve interest rate hikes. The Nasdaq Composite dropped 1,121.53 points, or 4.18 perc…
Global oil prices spiked on Wednesday, June 3, 2026, after U.S. forces conducted targeted airstrikes on military positions on Iran’s Qeshm Island in the Strait of Hormuz. Brent crude futures climbed toward $97–$98 per ba…
Global oil benchmarks Brent and West Texas Intermediate rose about 3% in early trading on Monday, June 1, 2026, after new U.S. military strikes on Iranian targets heightened tensions in the Gulf region. The escalation ha…
U.S. inflation accelerated in April, with a key Federal Reserve gauge rising to 3.8%, the highest level since May 2023, the Commerce Department reported on May 28. The annual rate, up from 3.5% in March, and a 0.4% month…
The United States carried out fresh strikes in southern Iran on Tuesday, targeting missile launch sites and vessels suspected of laying sea mines, according to US Central Command, which said the actions aimed to protect …
United States: Local gas stations across multiple states reported mixed pump price movements this week, with central Ohio and Toledo seeing recent increases while Indiana and parts of Wyoming registered notable declines,…
Americans are paying an average of $4.51 per gallon for gasoline on Sunday, May 25, 2026, making this Memorial Day weekend the most expensive at the pump in four years, according to AAA. Prices are being driven by the on…
The average U.S. price of regular gasoline reached $4.55 per gallon on Friday, May 22, 2026, the highest level for the Friday before Memorial Day since 2022. Prices have risen more than 50 percent since February 28, 2026…
United States: Gasoline prices rose sharply this week as reports linked the increase to the Iran conflict and disruptions in the Strait of Hormuz, pushing the national average to about $4.55 per gallon on Wednesday, May …