It’s not just gasoline prices spiking at the pump. Diesel has jumped even more since the outbreak of the Middle East war as oil prices have surged. The national average for gas touched the highest level this year at $3.25 per gallon on Thursday, up $0.27 from a week ago, according to AAA data. Diesel […]
This spring is supposed to be when the housing market finally begins to thaw out of its three-year-long deep freeze. Ahead of the typical peak homebuying season in spring and early summer, the indicators look positive. For-sale inventory is rising, and affordability is improving in many parts of the country thanks to lower mortgage rates, […]
March 6 (Reuters) – French IT services company Atos reported full-year revenue slightly above 8 billion euros ($9.3 billion) on Friday, meeting its target and reflecting progress in its turnaround following significant financial restructuring. The company slashed its headcount by 19% to 63,193 employees as part of its “Genesis” restructuring programme aimed at restoring profitability […]
The Trump administration’s overhaul of the US visa system for highly skilled immigrants is about to get its first major test. The annual lottery for H-1Bs, the most popular visa for white-collar professionals looking to build a career in the US, gets underway with new rules this month. For the first time, successful sponsors for […]
Silver’s time in the spotlight isn’t quite over yet, as the metal suffered its biggest drop in years on Jan. 30 after crossing a threshold of more than $100 per ounce this year. In the past year, silver (SI=F) has more than tripled in value, outpacing gold and bringing the gold-to-silver ratio to a new […]
The conflict raging in the Middle East will test the resilience of a global economy buffeted by tariffs and other trade disruptions over the past year. Barely a week into the latest turmoil in the region, there are already signs of strain along the carefully orchestrated arteries of global trade: from rice exports stuck at […]
Robinhood is releasing a premium rewards credit card with a $695 annual fee — the Robinhood Platinum Card. Robinhood’s Platinum credit card is one of several updates Robinhood announced at its Robinhood Presents: Take Flight event on Wednesday, in addition to enhancements for Robinhood Strategies users, a family investing feature, and new perks for Robinhood […]
As the conflict in Iran continues and engulfs an ever-widening swath of the Middle East, choking off transit through the critical Strait of Hormuz, oil prices continue to surge higher — forcing reevaluations of previous assumptions about US inflation and the Federal Reserve’s path for interest rates. Treasury yields (^FVX, ^TNX) climbed and expectations for […]
Kevin Warsh is still months away from taking the helm at the Federal Reserve, but his ability to deliver the interest-rate cuts President Donald Trump expects is facing hurdles as the US economy, and his future colleagues, tilt in the opposite direction. Most Fed officials see no compelling reason to rush additional rate cuts, given […]
U.S. stock futures opened sharply lower on Sunday evening, March 1, as global investors reacted to the weekend strikes in the Middle East that killed Iran’s Supreme Leader Ayatollah Ali Khamenei, snarled global energy supply chains, and threatened a broader conflict. Geopolitical events are always a potential source of market upheaval, but they rarely have […]
In the span of two months, the US government has toppled two foreign leaders, ushered on by a president who made a selling point of abandoning American-style nation-building and military adventurism. After the incursion in Venezuela, President Trump turned his sights on Iran. This time, Iran’s retaliation has changed the calculus, putting the situation in […]
Gold sank after a four-day rally, as traders weighed the escalating war in the Middle East against the prospect of a stronger dollar and elevated inflation. Bullion fell more than 4.5%, having earlier advanced 1.1%. The conflict in the Middle East has already resulted in a spike in energy prices that could trickle into inflation […]
