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Today: July 02, 2026
Today: July 02, 2026

US Economy

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Nvidia's Huang pledges AI will boost manufacturing jobs. A test will come in Texas

Nvidia is betting on artificial intelligence to revive U.S. manufacturing

Nvidia's Huang pledges AI will boost manufacturing jobs. A test will come in Texas
Business|Economy|Finance

All eyes turn to Fed chair Kevin Warsh and his first moves on interest rates

Ever since Kevin Warsh was nominated by President Trump in late January to lead the Federal Reserve, a question has lingered: Will he seek to raise interest rates to tame inflation or cut them as Trump has long demanded

All eyes turn to Fed chair Kevin Warsh and his first moves on interest rates
Business|Economy|Finance|Stock Markets|US|World

'Let the oil flow'

What matters in U.S. and global markets today By Anna Szymanski, Editor-in-Charge, Reuters Open Interest Global stocks surged and oil prices slid on Monday after

'Let the oil flow'
Business|Economy|Finance|World

Warsh's debut Fed press conference may reveal his strategy for inflation, rates

New Federal Reserve Chairman Kevin Warsh has talked at length in recent years about the U.S. central bank's balance sheet, the need to say less

Warsh's debut Fed press conference may reveal his strategy for inflation, rates
Business|Economy|Finance|Stock Markets|US|World

US producer inflation posts largest annual gain in 3-1/2 years as energy prices surge

U.S. producer prices increased more than expected in May, leading to the largest annual gain in 3-1/2 years as the Middle East conflict boosted the

US producer inflation posts largest annual gain in 3-1/2 years as energy prices surge
Economy|Election|Finance|Political|Stock Markets|US|World

'I love the inflation,' Trump says as prices rise amid Iran war

President Donald Trump on Wednesday appeared to embrace data showing inflation has risen more than 4%, telling reporters that he "loved"

'I love the inflation,' Trump says as prices rise amid Iran war
Business|Economy|Finance|World

The Social Security trust fund will run dry in 2032 – what that means for retirees and workers who hope to retire

Unless Congress acts, 1 in 5 Americans who receive Social Security could see an across-the-board benefit cut of roughly 22% starting in 2032.

The Social Security trust fund will run dry in 2032 – what that means for retirees and workers who hope to retire
Business|Economy|Technology|World

S&P 500, Nasdaq fall as tech selling resumes, Trump vows to respond to downed US helicopter

The S&P 500 and Nasdaq indexes fell on Tuesday as a rebound in technology shares faded and as President Donald Trump said the U.S. must

S&P 500, Nasdaq fall as tech selling resumes, Trump vows to respond to downed US helicopter
Business|Economy|Finance|Stock Markets|US|World

US wholesale inventories increase for third straight month in April

U.S. wholesale inventories increased more than initially thought in April, likely reflecting stock building to hedge against shortages and high prices stemming from the

US wholesale inventories increase for third straight month in April
Business|Economy|Stock Markets|World

S&P 500, Nasdaq rise as tech, chipmakers rebound

U.S. stocks ended mostly higher on Monday, led by gains in the Nasdaq and chipmakers as investors sought bargains after Friday's sharp

S&P 500, Nasdaq rise as tech, chipmakers rebound
Business|Economy|Finance|Stock Markets|US|World

Swiss firms invest $27 billion in US after tariff deal, NZZ am Sonntag reports

Swiss companies invested $27 billion in the United States between January and April, as Switzerland moves to fulfil a pledge to sharply increase investment following a

Swiss firms invest $27 billion in US after tariff deal, NZZ am Sonntag reports
Business|Economy|Finance|World

US job report strikes a hawkish note as Fed's Warsh takes the baton

The blowout U.S. job report released on Friday is likely to further ease concerns among Federal Reserve officials about labor market weakness and

US job report strikes a hawkish note as Fed's Warsh takes the baton
Business|Economy|Finance|World

Warsh pledges to follow best of Fed's traditions, while also looking for change

Federal Reserve Chairman Kevin Warsh pledged to follow "the best of the Fed's traditions" in an opening note to the central bank's more than 20,000

Warsh pledges to follow best of Fed's traditions, while also looking for change
Business|Economy|Finance|Political|World

Fed's Hammack says rates may need to rise if rising inflation does not abate

By Michael S.

Fed's Hammack says rates may need to rise if rising inflation does not abate
Business|Economy|Finance

Fed Chair Warsh's preferred inflation measure is cooling. A big pinch of salt is advised

One of new Federal Reserve Chairman Kevin Warsh's favorite inflation measures came in cool again on Thursday, offering evidence for his belief that inflation is

Fed Chair Warsh's preferred inflation measure is cooling. A big pinch of salt is advised
Business|Economy|Finance|Political|World

Trump and Warsh's fates are now tied, for better or worse

Former U.S.

Trump and Warsh's fates are now tied, for better or worse
Business|Economy|Finance|World

Fed's Barkin: Policy in good place to respond to ongoing shocks

How businesses and consumers respond to ongoing economic shocks will determine if the U.S.

Fed's Barkin: Policy in good place to respond to ongoing shocks
Business|Economy|Finance|World

Average US long-term mortgage rate climbs to 6.51%, highest level in nearly nine months

The average long-term U.S. mortgage rate climbed this week to its highest level in nearly nine months, driving up borrowing costs for homebuyers during what’s traditionally the housing market’s busiest time of the year

Average US long-term mortgage rate climbs to 6.51%, highest level in nearly nine months
Business|Economy|Finance|Stock Markets|US|World

Lowe's sticks to forecasts amid muted US housing market, flags cost pressures

Lowe's on Wednesday joined larger rival Home Depot in signaling a squeeze from the subdued U.S. housing market, and said elevated oil prices were fueling

Lowe's sticks to forecasts amid muted US housing market, flags cost pressures
Business|Economy

Powell, the most battle-tested Fed chair, finishes his term

Powell, the most battle-tested Fed chair, finishes his term

Powell, the most battle-tested Fed chair, finishes his term
Business|Economy|Finance|Stock Markets|World

Inflation is most 'pressing risk' to US economy, Fed's Schmid says

Inflation is the biggest risk to a U.S. economy that has shown "remarkable resilience" in the face of numerous challenges, and the job market is stable, Kansas City Federal Reserve

Inflation is most 'pressing risk' to US economy, Fed's Schmid says
Business|Economy|World

Fed's Collins expects inflation pressures from Iran war to eventually subside, WSJ reports

Boston Federal Reserve President Susan Collins told the Wall Street Journal on Wednesday that she expects inflation pressures from the Iran war to eventually subside and that the

Fed's Collins expects inflation pressures from Iran war to eventually subside, WSJ reports
Business|Economy|Finance|Stock Markets|US

Kevin Warsh confirmed as Fed chair, succeeding Jerome Powell

Kevin Warsh confirmed as Fed chair, succeeding Jerome Powell

Kevin Warsh confirmed as Fed chair, succeeding Jerome Powell
Business|Economy|Finance|World

Fed's Collins says rate hikes may be needed to curb inflation

Boston Federal Reserve President Susan Collins said on Wednesday the U.S. central bank may need to raise interest rates if inflation pressures do not abate.

Fed's Collins says rate hikes may be needed to curb inflation
Business|Economy|Finance

To dot or not? Warsh's first Fed rate projection could out his views to the public - and Trump

Kevin Warsh will face a key moment in his first weeks as U.S.

To dot or not? Warsh's first Fed rate projection could out his views to the public - and Trump
Business|Economy|Finance|Stock Markets|World

Fed's Goolsbee says latest inflation read was disappointing

Chicago Federal Reserve President Austan Goolsbee said on Tuesday that the government's report showing accelerating consumer inflation last month was unexpectedly

Fed's Goolsbee says latest inflation read was disappointing
Business|Economy|Environment|Political|World

Trump says he'll move to suspend federal gasoline tax. He can't do it on his own

President Donald Trump is moving to suspend the federal tax on gasoline to help Americans shoulder surging fuel prices caused by the Iran war

Trump says he'll move to suspend federal gasoline tax. He can't do it on his own
Business|Economy|World

US container imports fell 5.5% in April on trade and geopolitical risks, Descartes says

U.S. container imports dropped 5.5% in April as importers contend with trade policy uncertainty and geopolitical risks, supply chain technology provider Descartes Systems Group said

US container imports fell 5.5% in April on trade and geopolitical risks, Descartes says
Business|Economy|Finance|World

Fed's Hammack voices concern about 'inflationary mindset' taking hold

Federal Reserve Bank of Cleveland President Beth Hammack said on Thursday that she hears concerns from businesses that an inflationary mindset is starting to become

Fed's Hammack voices concern about 'inflationary mindset' taking hold
Business|Economy|Finance|Stock Markets|US|World

US job openings drop in March; hires increase sharply

U.S. job openings slipped in March, but a surge in hiring suggested the labor market was regaining its footing after struggling last year.

US job openings drop in March; hires increase sharply
Business|Economy|Health|Political

Trump's drugmaker deals may save economy $529B over 10 years, White House says

President Donald Trump’s deals with drugmakers requiring many of their U.S. prescription prices to drop could save the economy $529 billion over the next decade

Trump's drugmaker deals may save economy $529B over 10 years, White House says
Business|Economy|Finance|World

Fed's Logan says central bank's next rate move could be cut or hike

By Michael S.

Fed's Logan says central bank's next rate move could be cut or hike
Business|Economy|Finance|World

Powell era ends with rates on hold, Fed hawks on the rise and a vow to keep governor's seat warm

Federal Reserve Chair Jerome Powell closed out eight years as head of the U.S. central bank on Wednesday with interest rates on hold

Powell era ends with rates on hold, Fed hawks on the rise and a vow to keep governor's seat warm
Business|Economy|Finance|Stock Markets|World

Fed sees three dissents over an 'easing bias.' What's that?

More Federal Reserve officials dissented against Wednesday's U.S. central bank policy decision and statement than at any of their interest-rate-setting meetings in

Fed sees three dissents over an 'easing bias.' What's that?
Business

Fed holds rates steady, but board vote is most divided since 1992

The Federal Reserve held its policy rate steady on Wednesday, as was widely expected, citing rising concerns about inflation in what is likely to be Jay Powell's last

Fed holds rates steady, but board vote is most divided since 1992
Business|Economy|Finance|US|World

Will Jerome Powell stick around at the Fed? Here’s what insiders told us

Will Jerome Powell stick around at the Fed? Here’s what insiders told us

Will Jerome Powell stick around at the Fed? Here’s what insiders told us
Business|Economy|Finance|Stock Markets|US|World

US pump prices near 4-year high on Iran war disruption, refinery outages

The average U.S. gasoline price rose to its highest level in nearly four years after the U.S. and Israel attacked Iran at the end of February, according to

US pump prices near 4-year high on Iran war disruption, refinery outages
Business|Economy|Finance

Fed likely to hold rates steady as Powell prepares for possible swan song

Federal Reserve policymakers will gather in Washington this week in what may be Jerome Powell's last meeting as head of the U.S. central bank, with

Fed likely to hold rates steady as Powell prepares for possible swan song
Business|Economy|Environment|Political

Trump grants 90-day Jones Act waiver extension to curb energy costs

President Donald Trump granted a 90-day extension to a shipping waiver that makes it easier to move oil, fuel and fertilizer around the United States, the White

Trump grants 90-day Jones Act waiver extension to curb energy costs
Business|Economy|Food|Technology

Budweiser-maker Anheuser-Busch lays out $600 million investment plan for US facilities

Anheuser-Busch InBev is investing $600 million in U.S. manufacturing facilities over two years, the American subsidiary of the world's top brewer said on Wednesday, in line with

Budweiser-maker Anheuser-Busch lays out $600 million investment plan for US facilities
Business|Economy|World

Wells Fargo CEO says reducing interest rates before seeing end to Iran conflict would be a mistake

Wells Fargo CEO Charlie Scharf said on Monday that lowering interest rates now, before there is clarity about a potential end to the Iran conflict, would be "the wrong

Wells Fargo CEO says reducing interest rates before seeing end to Iran conflict would be a mistake
Business|Economy|Finance|Stock Markets|World

Deutsche Bank expects Fed to hold rates in 2026

Deutsche Bank expects the U.S.

Deutsche Bank expects Fed to hold rates in 2026
Business|Economy|World

US private payrolls increase steadily in March, ADP says

U.S. private payrolls increased steadily in March, the ADP's national employment report showed on Wednesday.

US private payrolls increase steadily in March, ADP says
Business|Economy|World

Fed's Musalem sees no imminent need to change monetary policy stance

St.

Fed's Musalem sees no imminent need to change monetary policy stance
Business|Economy|Environment|World

Iran war puts US companies in wait-and-see mode, Fed report says

U.S. businesses and households still adjusting to the Trump administration's tariff policies also are reeling from a surge in energy prices due to the Iran war, a

Iran war puts US companies in wait-and-see mode, Fed report says
Business|Economy|Finance

Regional Fed banks may be key front in battle for central bank's independence

San Francisco Federal Reserve President Mary Daly wasn't elected by popular vote, wasn't chosen by an elected official

Regional Fed banks may be key front in battle for central bank's independence
Business|Economy|Interview|World

Fed's Daly says oil shock means getting inflation down takes longer

San Francisco Federal Reserve President Mary Daly said the U.S. economy is fundamentally solid, the labor market has steadied, and monetary policy is in a "good

Fed's Daly says oil shock means getting inflation down takes longer
Business|Economy|Environment|Finance

What the Trump tax breaks giveth, the gasoline pump taketh away

U.S.

What the Trump tax breaks giveth, the gasoline pump taketh away
Business|Economy|Finance|Stock Markets|World

Wall Street indexes gain as investors hold out hope for US-Iran resolution

The S&P 500 and the Nasdaq composite indexes rallied more than 1% on Monday as investors appeared

Wall Street indexes gain as investors hold out hope for US-Iran resolution