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US debt load could undercut Warsh’s plan to shrink Fed balance sheet
Federal Reserve chief Kevin Warsh's plan to reduce the Fed's balance sheet faces challenges from rising U.S. debt and higher long-term interest rates.
Markets begin eyeing a Fed rate hike around the turn of the year
Markets are pricing in a Federal Reserve interest rate hike by early 2027 due to persistent inflation, with a 60% chance by January's FOMC meeting.
Oil prices up 2% as Trump and Iran’s comments dent peace hopes
Oil prices rose about 2% after comments from U.S. President Donald Trump and Iran's foreign minister reduced hopes for peace around the Strait of Hormuz.
FCC approves Verizon’s $1B spectrum purchase
The FCC approved Verizon's $1 billion deal to acquire spectrum assets from U.S. Cellular, enhancing network coverage and capacity across the U.S.
US jury awards family of Boeing 737 MAX crash victim $49.5M
A US jury awarded $49.5 million to the family of a woman killed in the 2019 Ethiopian Airlines Boeing 737 MAX crash.
US weekly jobless claims increase moderately, labor market remains stable
Initial claims for unemployment benefits in the U.S. rose moderately to 211,000, indicating a stable labor market amid inflation concerns.
US import prices surge in April as fuels post biggest gain in four years
U.S. import prices rose 1.9% in April, driven by a 16.3% jump in fuel costs, the largest increase in four years amid Middle East tensions.
Makary exit may temporarily lift biotech sentiment but FDA leadership vacuum looms
FDA commissioner Dr. Marty Makary's departure may boost biotech sentiment temporarily but leaves a leadership vacuum at the agency, raising industry concerns.
Warsh has big plans for the Fed, but results may take time
Kevin Warsh returns to lead the Federal Reserve with a reform agenda focused on inflation monitoring and communication amid market and political pressures.
US producer prices surprise with largest increase in four years
U.S. producer prices surged 1.4% in April, marking the largest increase in four years amid rising inflation and energy costs linked to geopolitical tensions.
Fed’s Collins says rate hikes may be needed to quell inflation
Boston Federal Reserve President Susan Collins said rate hikes may be needed if inflation pressures persist amid Middle East conflict risks.
Google in talks with SpaceX for Suncatcher orbital data center project
Google is discussing with SpaceX to launch Project Suncatcher, an orbital data center using solar-powered satellites and AI cloud technology.
