One of the Fed chair’s favorite inflation measures came in cool again, offering evidence for his belief inflation is improving and against the view of a growing number of other policymakers that interest rate hikes may be needed to tamp down rising price pressures.
Category: News
New York State Governor Kathy Hochul on Thursday signed a state budget that includes a progressive surcharge on luxury second homes in New York City, a move backed by Mayor Zohran Mamdani and expected to generate $500 million per year for the largest U.S. city.
The U.S. said on Thursday it has imposed new sanctions on Iran’s military oil trade, even as Washington and Tehran reached a tentative agreement to extend their ceasefire and lift restrictions on shipping through the Strait of Hormuz.
An Israeli strike hit a building in the southern suburbs of the Lebanese capital on Thursday, the first strike to hit near Beirut in weeks amid a ceasefire that has failed to halt fighting between Israeli troops and Hezbollah in south Lebanon.
Oil prices settled mixed on Thursday after a choppy trading session, as traders mulled conflicting reports of progress on a potential deal to extend a ceasefire between the U.S. and Iran.
Anthropic said on Thursday it has raised $65 billion at a post-money valuation of $965 billion, as it seeks to expand computing capacity to meet growing demand for chatbot Claude and scale its products.
Prime Minister Benjamin Netanyahu said on Thursday he had directed Israel’s military to take more of Gaza, initially by seizing 70% of the Palestinian territory, where the population is already penned into a tiny strip of land along the coast.
Pope Leo this week repudiated a major teaching used by the Catholic Church since at least the fifth century to evaluate when countries might be justified in waging wars, in a move experts said could have long-reaching impact for global powers.
The probe is focused on whether Carroll committed perjury in testimony tied to two civil lawsuits that she won against Trump.
U.S. inflation increased at its fastest pace in three years in April, driven by higher energy prices amid the war with Iran, and cementing economists’ views that the Federal Reserve could hold interest rates unchanged well into next year.