Business
Oil Prices and the Economy
How rising crude prices on the global market reach American household budgets and business operations
Business
Business
30-year Treasury yield hits highest level since 2002
Long-term borrowing costs keep climbing, pushing mortgage rates toward 7.6% as a weaker jobs report fails to calm the bond market
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Business
Fed Raises Rates for First Time Since 2023
Warsh and the FOMC lift the target range to 3.75% to 4% as inflation stays elevated and energy costs climb
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Business
Brent Nears $108 After Saudi Arabia Shuts Its Last Major Bypass Pipeline
The shutdown closes the route Riyadh had been using to move crude around the blockaded Strait of Hormuz
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Business
Energy Department Closes $1.9 Billion Loan to Restart Iowa Nuclear Plant for Google
Duane Arnold shut down in 2020 after a derecho tore into its cooling towers, and demand from AI data centers is bringing it back
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Business
Trump Says the US Has Taken Control of 65 Billion Barrels of Venezuelan Oil
The structure is a 100-year concession, not a purchase, and the fields need years of investment before they produce
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Business
Fed Chair Warsh Says Inflation Is Still Too High in First Jackson Hole Speech
The new chairman stopped short of promising a rate increase but told markets the central bank has work left to do
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Business
US Imposes 50% Tariffs on Canadian Goods as Trade Talks Collapse
Carney calls the levies a miscalculation and says Canada will match them dollar for dollar starting Sept. 8
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Business
Boeing Engineers Reject Contract, Clearing Way for October Strike
The union's own negotiators recommended the deal. Members voted it down by wide margins and authorized a walkout.
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Business
Oil Heads for Second Weekly Gain as U.S. Presses Iran
Brent trades near $94 a barrel with the Strait of Hormuz still disrupted and no diplomatic breakthrough in sight
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Business
Canada and U.S. Race to Reach a Deal Before 50% Tariffs Take Effect Wednesday
Negotiators aim to put a joint proposal in front of Trump as early as Monday. The levies would hit goods that normally qualify for exemption under the North American trade pact.
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Business
Retail Sales Fell 0.6% in July, the Biggest Drop in More Than a Year
Auto dealers and online retailers led the decline in a month when economists had expected a modest gain
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Business
Consumer Sentiment Slides to 51 in August, Snapping Two-Month Recovery
Stocks pulled back from record highs Friday after the University of Michigan index fell well short of forecasts
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Business
US inflation cools to 3.4% in July as stocks edge higher
Headline and core consumer prices both matched forecasts, easing pressure on the Federal Reserve ahead of its September meeting
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Business
Stocks Hold Near Records as Middle East Talks Weigh on Energy
The S&P 500 is coming off its best week since April, with earnings season more than 85% complete and retailers reporting over the next two weeks
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Business
Boeing Exits the Air Taxi Business, Selling Three Units to Archer Aviation
The aerospace company takes a stake of nearly 20% in Archer instead of cash, and Archer shares rose more than 18% on the announcement
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Business
Air Traffic Control Outage Grounds Flights Across Nine Midwest States
The Minneapolis center lost radar and radio for about two hours, leaving jets in flight without contact and stranding travelers at airports from Michigan to Kansas