Bessent says Treasury is not intervening in oil commodities markets and has no authority to do so
Bessent addressed rumors that the Treasury Department or some other arm of government might step in to try to lower oil prices.
Industry
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Fourth-quarter GDP revised down to just 0.7% growth; January core inflation was 3.1%
The PCE price index for January was expected to show headline inflation at 2.9% and core at 3.1%.
Industry
U.S. deficit tops $1 trillion through February but runs below year-ago pace
For the fiscal year to date, the deficit totaled $1.004 trillion, about 12% lower than the comparable period in 2025.
Industry
Kevin Warsh faces an economic 'perfect storm' as he waits to take over as Fed chair
Warsh faces a potential buzzsaw in the form of a Hobson's choice between fighting inflation and supporting the labor market.
Industry
Iran War: Oil prices fall after Trump warns Tehran over Strait of Hormuz
The oil price reached nearly $120 a barrel on Monday over fears of lengthy disruption to supplies.
Industry
Oil prices jump above $100 for first time in four years
Iranian oil facilities were hit as the US and Israel launched a fresh wave of airstrikes at the weekend.
Industry
One year after Trump‘s sovereignty threats, Canadians keep ’elbows up
An unusual swell of Canadian patriotism seen after Trump's threats and tariffs last year has evolved into a new social and economic order.
Industry
San Francisco Fed's Daly says jobs report complicates interest rate call
Daly told CNBC on Friday that the weak February jobs report adds to a difficult policymaking environment.
Industry
Here's how the U.S.-Iran war is already hitting consumers' pocketbooks
The U.S.-Israeli strikes on Iran over the weekend gave way to a week with topsy-turvy markets, spiking mortgage rates and higher prices at the pump.
Industry
The February jobs numbers are coming out Friday. Here's what to expect
Economists surveyed by Dow Jones expect payroll growth of 50,000, following January's surprisingly high 130,000.
Industry
Middle East conflict poses fresh test to central banks as oil shock fuels inflation
Middle East conflict has posed a fresh test to central banks, with fears of an oil shock and renewed inflation risks changing their bid to shore up growth.
Industry
Asia stocks fall for third day, oil edges up as markets track Iran war
The conflict in the Middle East has rattled financial markets and global energy prices have soared.
Industry
As Trump declares inflation tamed, Iran conflict threatens new price pressures
The conflict involving Iran threatens another price spike that could undermine the president's central case for lower interest rates.
Industry
Why the Iran–USA–Israel Conflict Matters for Forex Traders in 2026
Recent military strikes involving the United States, Israel, and Iran have sent shockwaves through global markets, and currency traders are watching closely.
Industry
Are Jack Dorsey's aggressive job cuts the start of an AI jobs apocalypse？ Economists weigh in
Economists question whether such moves signal a broader shift in the labor market or simply reflect company-specific adjustments.
Industry
Core wholesale prices rose 0.8% in January, much more than expected
The core producer price index increased a seasonally adjusted 0.8%, more than the 0.6% gain in December.
Industry
Core wholesale prices rose 0.8% in January, much more than expected
The core producer price index increased a seasonally adjusted 0.8%, more than the 0.6% gain in December.
Industry
Netflix drops Warner Bros bid, clearing way for Paramount takeover
Netflixs decision to back down from the bidding war clears the path for Paramount to win the takeover battle.
Industry
Trump insists trade deals safe after Supreme Court ruling upends tariff authority, but partners arent so sure
The Supreme Court decision to strike down Trump's tariffs has thrown fresh confusion over the raft of trade deals negotiated with global partners, stalling trade talks.
Industry
India and France revise tax treaty on dividends after Modi-Macron meeting
India announces details of revised tax treaty days after French President Emmanuel Macron visited Delhi.
Industry
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