How should we balance political opinions and the independence of the Federal Reserve in making economic decisions?
Jerome Powell says the US central bank is undergoing a 'stress test' like other institutions in the current era
International daily newspaper with emphasis on business, economic and financial news and analysis.
Jerome Powell says the US central bank is undergoing a 'stress test' like other institutions in the current era
Russia has launched an intense missile and drone attack on Kyiv, shaking buildings across the city center
The Israeli prime minister said the Israeli military had controlled 50% of Gaza under the terms of a fragile ceasefire that took effect in October, adding: 'My directive is to move to 70%.'
The Trump administration announced on Friday new guidance for green card hopefuls in the United States that mandates they must return to their home country before seeking permanent lawful status. The Department of Homeland Security claimed the current policy, which allows immigrants in the country on temporary visas to apply for permanent legal status from […]
Markets expect central bank to lift borrowing costs by end of year as Iran war intensifies inflation
US President Donald Trump said Saturday he will review a new Iranian peace proposal, but cast doubt over its prospects as he left open the possibility of future attacks on Iran. Negotiations between the two countries have been deadlocked since a ceasefire came into effect on April 8, with one round of peace talks to end the more than two-month war having failed in Pakistan
Oil prices jumped on Monday after a drone strike sparked a fire at an Emirati energy installation following US warships crossing the crucial Strait of Hormuz. Seoul and Taipei hit record highs Monday as Asian traders joined the rally in tech shares, but US equity indices retreated from record finishes last week. Oil prices climbed, with the benchmark international contract Brent crude for July delivery jumping more than five percent, after a drone strike caused a fire at an energy installation in the emirate of Fujairah, authorities said Monday
The agreement commits both countries not to impose unnecessary export restrictions on food, fuel, healthcare and other critical goods
Benchmark Brent crude surpassed $120 per barrel on Wednesday, reaching the highest levels yet seen during the US-Israel-Iran war
In leaked remarks, Christian Turner also says it is ‘extraordinary’ that Epstein scandal has not affected sex offender’s US associates
Most recent instance of department integrating with AI comes amid Anthropic standoff, concern over use in Iran war
Traditional 60-40 portfolio of global equities and fixed income on course for worst month since 2022