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32 articles, grouped into stories

US futures slip as oil prices and bond yields rise with markets awaiting latest Fed minutesU.S. futures are lower as oil prices tick higher and the bond market climbs ahead of the release of the Federal Reserve’s latest minutes. Futures for the S&P 500 dipped 0.1% on Wednesday, a day after climbing 0.6% to a record of 7,818.93, topping its all-time high set in August. Despite worries over the Iran war, high inflation and pressures from the…
Asian shares are higher as easing worries over inflation reduce odds for another Fed rate hikeAsian shares have advanced at the start of a busy week for U.S. economic updates. Investors were encouraged by easing worries over inflation, which reduces the likelihood of another rate hike by the Federal Reserve. Markets were closed in Seoul and Shanghai on Monday for national holidays. U.S. stocks finished out last week near records after the latest…
Wall Street week ahead: Fed minutes, unemployment data, consumer sentiment updateWall Street has a busy week ahead with a mix of economic updates and details about the Federal Reserve’s decision to raise interest rates at its last meeting. The updates include fresh data on the health of the services sector, unemployment and consumer sentiment. Those reports can help give investors and economists more insight into how businesses and…
US stocks rise near their record after the latest jobs report eases worries about inflationU.S. stocks are rising near their record after the latest jobs report cooled worries that a potentially hot U.S economy could make inflation worse. The S&P 500 climbed 0.7% Friday and pulled within 1% of its all-time high. The Dow Jones Industrial Average added 233 points, and the Nasdaq composite rose 1.2%. They got a boost after a report showed U.S.…
Americans are using buy now, pay later more than ever. Here's what to know if you're one of themAmericans are increasingly using buy now, pay later plans for everyday expenses like groceries and bills. Federal Reserve economists report that spending on these plans exceeded $160 billion last year. Pay-in-four plans made up about half of this spending. The use of these plans has surged nearly 80% since 2023. Experts advise reading the fine print,…
No criminal wrongdoing in Federal Reserve building renovation, watchdog says, but it was mismanagedThe Federal Reserve’s internal watchdog said Wednesday that the agency has broadly mismanaged an expansive building renovation project but did not find any criminal violations, as alleged by Trump administration prosecutors. The Fed’s inspector general said that a variety of missteps by its Board of Governors inflated the cost of the $2.4 billion…
Smart ring maker Oura puts off initial public offering due to market 'uncertainty'Smart ring maker Oura says it is postponing a planned initial public offering due to market “uncertainty.” On Tuesday, Oura said it’s delaying the IPO “despite strong demand.” Oura customers use the ring to monitor their health, including sleep patterns and fitness activity. The company gets the bulk of its revenue from ring sales, with the rest coming…
Federal Reserve official says fighting inflation likely to be 'painful'A top Federal Reserve official said Monday that the central bank may have to cause economic pain in the form of higher unemployment to combat stubbornly high inflation. Austan Goolsbee, president of the Federal Reserve Bank of Chicago, said in a speech in London that the Fed is facing a series of persistent supply shocks, including the Iran war and…
Federal Reserve rate hike reflects new world of sticky inflation and faster growthPresident Donald Trump has renewed his attacks on the Federal Reserve after it hiked its benchmark interest rate Wednesday, but the Fed matters less than broader economic trends when it comes to longer-term borrowing costs, economists say. The economy is growing steadily despite being hit with repeated shocks — and may even be accelerating — while…
America In Focus: Affordability concerns rise as Fed hikes key rate, mortgage rate reaches nearly 7%The Federal Reserve raised its benchmark interest rate Wednesday for the first time since 2023 in an effort to quell stubbornly high inflation, and the central bank signaled another rate hike could occur later this year. The quarter-point increase lifts the Fed’s key rate to about 3.9% and, over time, could result in higher borrowing costs for mortgages,…
Asian stocks are mixed after Wall Street slips following Fed's rate hike decisionAsian shares are mixed after Wall Street closed lower following the Federal Reserve’s interest rate hike decision for the first time in three years. But U.S. futures are higher. The quarter of a percentage point increase brings the Fed’s key rate to a target range of 3.75%-4%, as it attempts to control U.S. inflation that’s been stubbornly above its…
US stocks slip after the Fed hikes interest rates and hints more increases may be on the wayU.S. stocks slipped after the Federal Reserve hiked its main interest rate for the first time in three years and suggested more increases may be ahead as it tries to get the nation’s high inflation under control. The S&P 500 fell 0.4% Wednesday after giving up a modest gain from earlier in the day. The Dow Jones Industrial Average dropped 1.2%, and the…
Federal Reserve hikes key rate for 1st time in 3 years, defying Trump demands for a cutThe Federal Reserve raised its benchmark interest rate Wednesday for the first time since 2023 in an effort to quell stubbornly-high inflation, a move that could spur a sharp response from the White House. The quarter-point increase lifts the Fed’s key rate to about 3.9% and, over time, could result in higher borrowing costs for mortgages, auto loans,…
US futures climb ahead of Fed interest rate call and the latest retail sales numbersU.S. futures are rising as investors await the Federal Reserve’s decision on interest rates, with high expectations of a hike. The potential hike will be the first in three years as inflation remains elevated in the United States and above the Fed’s target. Futures for the S&P 500 gained 0.2% on Wednesday, while those for the Dow Jones Industrial Average…
Federal Reserve is expected to raise its benchmark rate, defying Trump's demandsThe Federal Reserve is widely expected to lift its short-term interest rate Wednesday for the first time in three years to fight stubbornly high inflation, a move that would put the central bank at odds with President Donald Trump’s demands. An increase in the Fed’s rate, currently about 3.6%, isn’t guaranteed but most analysts and economists expect a…
Global shares mostly decline and AI stocks plunge after calls to slow AI industryWorld shares have mostly declined, led by AI-related stocks, and U.S. futures have edged lower. Oil prices have gained more than 2% as worries grow over global oil supplies after Saudi Arabia shut down a major oil pipeline used to help bypass the Strait of Hormuz. Brent crude, the international standard, was trading at around $107 a barrel. Japan-traded…