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Fed begins Warsh era by keeping rates on hold, sees one hike later this year
The Federal Reserve held interest rates steady but projects one hike later this year amid inflation concerns under new chairman Kevin Warsh.
Yum Brands to sell Pizza Hut for $2.7B after prolonged demand slump
Yum Brands is selling its Pizza Hut chain for $2.7 billion due to declining demand and competition, with parts sold to Yum China and LongRange Capital.
Wall Street indexes jump; Trump says strikes against Iran canceled
Wall Street indexes surged after President Donald Trump canceled planned strikes against Iran and SpaceX priced its record $75 billion IPO.
Wall Street ends lower as Middle East tensions escalate
Wall Street stocks declined amid escalating Middle East tensions and rising oil prices, fueling inflation fears and profit-taking among investors.
US private payrolls rise broadly in May
U.S. private payrolls increased by 122,000 jobs in May, led by education and health services, despite mixed signals on labor market strength.
US job openings jump to near two-year high in April
U.S. job openings surged to 7.618 million in April, the highest since May 2024, despite a decline in hiring amid economic uncertainty.
Wall Street hits new closing highs on tech strength, Middle East deal hopes
Wall Street's main indexes reached record closing highs driven by tech sector gains and optimism over a potential U.S.-Iran deal, boosting investor sentiment.
Fed’s Musalem says rate hike may be needed if inflation doesn’t ease
St. Louis Federal Reserve President Alberto Musalem says a rate hike may be necessary if inflation does not ease in the next six months.
US consumer confidence ebbs in May as inflation worries mount
The Conference Board reports a slight decline in U.S. consumer confidence in May due to inflation concerns tied to the war with Iran.
Warsh takes the Fed’s helm as inflation climbs, consumer sentiment dives
Kevin Warsh was sworn in as Fed chair facing high inflation and debate over interest rate policy amid economic shocks and AI-driven changes.
US weekly jobless claims fall amid labor market resilience
Initial claims for unemployment benefits in the U.S. fell to 209,000, signaling labor market resilience despite inflation concerns and geopolitical tensions.
US mortgage rates rise to 6.56%, MBA says
The average 30-year fixed-rate mortgage in the U.S. rose to 6.56%, driven by inflation fears and higher oil prices amid geopolitical tensions.
