US won’t renew Iranian and Russian oil waivers, Bessent says | Business
WASHINGTON (AP) — Treasury Secretary Scott Bessent said Friday that the U.S. does not plan to renew a…
IMF chief warns that Iran war will slow global economic growth | Business
WASHINGTON – The Iran war is darkening the outlook for the world economy – whether or not a…
U.S. economy grew a sluggish 0.5% in fourth quarter, government says, downgrading previous estimate | Business
WASHINGTON – The American economy, slowed by last fall’s 43-day government shutdown, grew at a sluggish 0.5% annual…
European ministers call for profit caps on energy companies as Iran war drives price surge | Latest News
The finance ministers of Spain and four other European countries are urging the European Union to impose a…
Gas prices soar past $4 on average for a gallon of regular in U.S., highest since 2022 | News
NEW YORK – U.S. gas prices jumped past an average of $4 a gallon for the first time…
Cuba to receive a sanctioned Russian oil tanker, the first such delivery this year | Latest News
HAVANA – Cuba prepared on Monday to receive a sanctioned Russian tanker carrying roughly 730,000 barrels of oil,…
Wall Street has its worst day since the war with Iran started and crude oil prices rise | News
NEW YORK – Stocks fell sharply Thursday, and oil prices rose as doubt took over again from hope…
U.S. economy expanded at sluggish 0.7% in fourth quarter, government says, downgrading first estimate | Business
WASHINGTON – The U.S. economy, hobbled by last fall’s 43-day government shutdown, advanced at a sluggish 0.7% annual…
Budget office expects Federal Reserve to cut rates in 2026 | News
WASHINGTON – The Federal Reserve is expected to cut short-term rates in 2026, with its key interest rate…
What Is the U.S. Federal Reserve?
Introduction The U.S. central banking system—the Federal Reserve, or the Fed—is the most powerful economic institution in the…
Geopolitical fractures and Ukraine worries sap G20 summit
The G20’s role in fixing economic crises is threatened by geopolitical fractures, leaders warned Saturday at a summit…
Federal Reserve Bank of Philadelphia president visits Johnstown to hear about economic conditions | News
JOHNSTOWN, Pa. – Anna Paulson, president and CEO of the Federal Reserve Bank of Philadelphia, visited Johnstown Wednesday…