Surging gas prices are hitting lower income households harder, New York Fed study shows
Lower-income consumers are compensating for higher gas prices by buying less.
Industry
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Surging gas prices are hurting lower income households harder, New York Fed study shows
Lower-income consumers are compensating for higher gas prices by buying less.
Industry
Surging gas prices are hitting lower-income households harder, New York Fed study shows
Lower-income consumers are compensating for higher gas prices by buying less.
Industry
Private payrolls rose by 109,000 in April, topping expectations, ADP says
The report provided more evidence of a stable labor market and less incentive for the Fed to lower interest rates.
Industry
GameStop makes $55.5bn takeover offer for eBay
GameStops boss Ryan Cohen says he sees potential to make eBay a much bigger rival to Amazon.
Industry
UK exports to U.S. plunge by 25% after Trump's 'liberation day' tariffs blitz
The U.K. is now running a trade deficit with its largest trading partner.
Industry
Fed dissenters explain 'no' votes, saying they disagreed with hinting next move would be a cut
Federal Reserve officials who voted this week against the post-meeting statement said they didn't think it was appropriate to signal that the next interest rate move would be lower.
Industry
Inside the Fed: Powell vows he won't be a 'shadow chair,' but a Warsh clash will be tough to avoid
When the Fed gathers again, it will mark the first time a sitting and former chair conduct business together in nearly 80 years.
Industry
Fertiliser boss says Iran war puts 10 billion meals a week at risk
A shortage of fertiliser due to the Iran conflict could reduce crop yields and push prices higher, says the boss of Yara.
Industry
Core inflation rate hit 3.2% in March as first-quarter growth disappointed at 2%
Consumers faced escalating prices in March as the Iran war sent oil soaring and created a new level of challenges for the Fed.
Industry
Will rates go higher in Europe this week？ Central banks confront stagflation threat
The European Central Bank and Bank of England are expected to hold their nerve and stand pat on rates this month.
Industry
Oil rises as US-Iran peace talks stall
President Trump said on Saturday that the US had cancelled plans to send a team to Pakistan for negotiations.
Industry
Will he stay or will he go？ With criminal probe over, Fed Chair Powell faces big decision
The decision could have important ramifications for policymaking at an especially delicate time.
Industry
Asos demands £7m in tariff refunds from US as firms rush to make claims
Hundreds of thousands of firms could potentially win back some money after the tariffs were struck down.
Industry
Annual UK borrowing falls by £20bn but Iran war clouds outlook
The improvement in government finances is unlikely to last, analysts say, with the impact of the Iran way yet to hit.
Industry
Kevin Warsh gave his preferred way for measuring inflation. It could come back to bite him
But Bank of America economist Aditya Bhave warned Wednesday that such a recalculation might not pan out as the former Fed governor hopes.
Industry
Trump extends Iran ceasefire — but market focus has already drifted elsewhere
Prospects for further negotiations remain uncertain, with Tehran and Washington offering conflicting signals on the ceasefire's status.
Industry
Oil prices fluctuate as status of US-Iran peace talks remains unclear
US President Donald Trump said he will extend a ceasefire with Iran until peace talks have progressed.
Industry
Tariff refunds begin on Monday. These retailers are due big paydays
U.S. importers, such as Walmart and Target, could be in line for billions in tariff refunds as the government launches its claims-filing portal on Monday.
Industry
Chair nominee Kevin Warsh says Fed must ‘stay in its lane’ to maintain independence
Warsh also expressed firm commitment to fighting inflation with only one mention of the labor market.
Industry
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