Trump announces ‘biggest oil deal in world history,’ says it will substantially lower gas prices
Trump announces a major oil deal with Venezuela, saying the U.S. secured majority control of 65 billion barrels, and the agreement will lower gas prices.
What Warsh's Jackson Hole speech signals about where interest rates are headed
Kevin Warsh's Jackson Hole Symposium keynote signals the Federal Reserve is prepared to raise rates if PCE inflation fails to reach its 2% target.
Warsh says Fed's main focus should be on prices with central bank's rate policy in focus
Fed Chair Kevin Warsh on Friday will deliver his first keynote at the annual Jackson Hole monetary policy conference against a backdrop of economic uncertainty.
General Mills ditches artificial colors in Lucky Charms, Trix
Food-making giant General Mills, which is behind popular cereals like Trix and Lucky Charms, announced that all of its U.S. cereals are now made without "certified colors."
Fed Chair Warsh faces Jackson Hole spotlight with inflation, rate path in focus
Federal Reserve Chair Kevin Warsh delivers his first Jackson Hole keynote as bond yields near highs and markets demand clarity on the Fed's rate path.
Fed's favored inflation gauge rose more than expected in July
The Fed's favored inflation gauge remained well above the central bank's 2% target in July after the Commerce Department released the PCE inflation report.
Meet the tech veteran reinventing America's lawn products empire
New CEO Nate Baxter is reshaping ScottsMiracle-Gro, betting on AI, e-commerce and organic innovation to drive fresh growth for the iconic lawn and garden brand.
Better Bakehouse recalls chocolate-dipped donuts following allergic reaction, mislabeling issue
FDA issues nationwide recall for select Better Bakehouse Donutful cake donuts. Find out which lot numbers and UPC codes are affected.
New report warns AI data center boom squeezes memory-chip supply, could raise everyday tech costs
The AI data center boom could make everyday technology more expensive, a new policy report warns, as chipmakers shift scarce memory-chip capacity toward higher-margin AI uses.
Mortgage rates fall for second consecutive week
The average rate on a 30-year fixed mortgage fell this week to 6.65%, according to the latest Freddie Mac data released Thursday. That is down from last week's reading of 6.67%.
Mortgage rates fall for first time in 6 weeks
The average rate on a 30-year fixed mortgage fell this week to 6.67%, according to the latest Freddie Mac data released Thursday. That is down from last week's reading of 6.69%.
New Social Security COLA estimates released after fresh inflation data
Social Security 2027 COLA estimates range from 3.2% to 3.6% after July CPI inflation data showed consumer prices rose 3.4% from a year ago.
Inflation cooled in July but remained elevated as Fed weighs rate hikes
The Labor Department released the consumer price index (CPI) for July which showed that inflation cooled, even as the pace of price growth remained elevated.
Fed’s Hammack says multiple rate hikes may be needed to tame inflation
Beth Hammack says one rate hike won't suffice, arguing current Federal Reserve interest rates aren't meaningfully restricting the economy amid inflation.
US economy unexpectedly shed jobs in July
The Labor Department released the July 2026 jobs report, which showed the U.S. economy shed jobs unexpectedly last month amid uncertainty over inflation.
Mortgage rates hit highest level in over a year
The average rate on a 30-year fixed mortgage rose this week to 6.69%, according to the latest Freddie Mac data released Thursday. That is up from last week's reading of 6.66%.
Fed's Kashkari says central bank should raise interest rates now to avoid 'entrenched inflation problem'
Neel Kashkari says corporate earnings and a resilient labor market show monetary policy isn't restrictive enough to bring inflation back to target.
Private sector added 44,000 jobs in July, below expectations, ADP says
The figure reported on Wednesday is below economists’ estimates of an increase of 70,000 jobs. The prior month's reading was revised lower to 95,000.
Oil slides as Trump delays Iran strikes, signals peace talks
West Texas Intermediate crude dropped over 6% Monday as Trump signaled a potential deal to reopen the Strait of Hormuz to global oil shipments.
Fed dissenters warn inflation could become entrenched without monetary policy tightening now
Three Fed governors dissented from the FOMC's decision to hold interest rates steady, each preferring a 25-basis-point rate hike to combat inflation.