Fed Governor Waller says Iran war and labor market risks are keeping central bank on hold
Federal Reserve Governor Christopher Waller on Friday said current economic conditions are complicating the approach to interest rates.
Tanker diplomacy: Trump faces tests from Havana to Hormuz
From Cuba to the Persian Gulf, Trump is expected to face fresh challenges across a new arc of tanker diplomacy.
Trump says war in Iran is going ‘swimmingly’ and ‘should be ending pretty soon’
President Donald Trump’s latest prediction on the end of the war against Iran came hours after Israel announced a ceasefire with Lebanon.
Senate overturns Boundary Waters protections, a boon for Chilean mining company
The vote to allow mining near the protected wilderness area came over the objection of Democrats and two Republicans.
Trump says gas prices ‘not very high’ as most U.S. voters blame him for price spike
Trump touted the rising stock market as he brushed off concerns that Americans are laboring under higher gas prices as a result of the Iran war.
Trump nominates Erica Schwartz as CDC director amid turmoil around leadership, vaccine policy
The CDC has been going through turmoil and several leadership shakeups under HHS Secretary Robert F. Kennedy Jr.
The ‘debasement trade’ has driven gold to new heights. Wells Fargo’s bull case calls for $8,000 an ounce
“We’re in the 4th debasement cycle that started in 2022,” wrote Wells Fargo Securities’ Ohsung Kwon.
Airline CEOs urged by lawmaker to lower fares if fuel prices come down
Airlines have raised airfare, fuel surcharges and baggage fees this year to help cover a surge in fuel costs since the Iran war started on Feb. 28.
Sens. Warren and Blumenthal investigate NLRB decision to drop charges against SpaceX for retaliatory firings
Sens. Elizabeth Warren, D-Mass., and Richard Blumenthal, D-Conn., are investigating the NLRB after it dropped charges against Elon Musk’s SpaceX in February over retaliatory firings.
Europe could run out of jet fuel in 6 weeks, IEA warns
The International Energy Agency warned Thursday that Europe is going to run out of jet fuel in as soon as six weeks.
