Economy
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Price of oil tops $100 per barrel for first time since 2022 as war in Iran continues
Energy Secretary Chris Wright predicted on Sunday the rising oil prices would be temporary.
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BlackRock summit to focus on workforce needed for U.S. infrastructure boom
A coalition of government officials, corporate executives, and labor leaders is gathering in Washington next week to address what many see as the biggest obstacle to a new wave of U.S. infrastructure investment: finding enough skilled workers to build it.
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US lifting some restrictions on Russian oil in light of spike in prices due to Iran conflict
Treasury Secretary Scott Bessent told Fox Business that the U.S. would reverse course and allow India to buy some Russian oil.
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Trump preparing landmark new policy to spur up to 12 million new and affordable homes, adviser says
Housing costs are a major part of the "affordability" issue facing many Americans. President Trump is hoping his new plans will relieve much of that financial pressure.
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U.S. economy sets 2-year high for growth, exceeding analysts' expectations by more than 40%
Plunge in private business investment from second quarter nearly stopped in third quarter, down just 0.3%, Commerce Department says.
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Consumer prices increased in November at annualized rate of 2.7%, lower than expected
The rate was lower than the projected 3.1% by Wall Street.
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US economy exceeds expectations by adding 64,000 jobs in November, according to government report
Bureau of Labor Statistics says the unemployment rate increased to 4.6%, however.
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Ford takes $19.5 billion in charges amid shift away from electric vehicles
“Instead of plowing billions into the future knowing these large EVs will never make money, we are pivoting,” Ford CEO Jim Farley said.
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Divided Fed heads into a critical data week
Inflation has moved up modestly this year and remains elevated, according to the Fed’s own assessment.
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US trade deficit drops to lowest level since 2020 in win for Trump
Trump in 2016, defied Republican free-trade orthodoxy by supporting the imposition of tariffs, a position he has maintained throughout his political career.
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Federal Reserve cuts interest rates for third consecutive time
The reduced rate is the lowest it has been in nearly three years
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JPMorgan Chase CEO Jamie Dimon: 'We do debank,' but not 'for religious or political affiliations'
"I don't like debanking people," JPMorgan Chase CEO Jamie Dimon said
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Paramount launches hostile takeover bid for Warner Bros after Netflix deal struck
“The Paramount offer for the entirety of WBD provides shareholders $18 billion more in cash than the Netflix consideration,” the company said