Economy
Fed Chair Powell speaks on Capitol Hill this week with politics front and center
Key Points Federal Reserve Chair Jerome Powell heads to Capitol Hill this week, with testimony to Congress kicking off Tuesday morning as Powell presents the Fed’s monetary policy report. Multiple White House officials have cranked up the heat on Powell to start lowering rates, and he’s now faced with two key Fed officials who have […]
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Middle East ocean freight rates soar on Iran conflict, Strait of Hormuz shipping risks
Tankers are seen at the Khor Fakkan Container Terminal, the only natural deep-sea port in the region and one of the major container ports in the Sharjah Emirate, along the Strait of Hormuz, a waterway through which one-fifth of global oil output passes on June 23, 2025. Giuseppe Cacace | Afp | Getty Images Ocean […]
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Senators will stay in D.C. until Trump’s ‘big, beautiful bill’ passes, Thune says
U.S Senate Majority Leader John Thune (R-SD) speaks to reporters following the weekly Republican policy luncheon at the U.S. Capitol Building on June 10, 2025 in Washington, DC. Kayla Bartkowski | Getty Images Senate Majority Leader John Thune said Monday that lawmakers in his chamber will remain in Washington, D.C., until they pass President Donald […]
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Stocks making the biggest moves midday: Tesla, Novo Nordisk, Hims & Hers, Northern Trust, Fiserv and more
Check out the companies making headlines in midday trading: Tesla — Shares jumped more than 10% after Tesla rolled out its robotaxi service in Austin, Texas, over the weekend. Wedbush analyst Dan Ives said a ride in the taxi exceeded his expectations . However, some analysts were more reserved. Northern Trust — Shares rose 7% […]
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Stocks making the biggest moves premarket: Tesla, Northern Trust, DoorDash, Northrop Grumman, Exxon Mobil and more
Check out the companies making headlines before the bell. Northern Trust – Shares rose more than 6% after the Wall Street Journal, citing people familiar with the matter, reported that Bank of New York Mellon approached Northern Trust last week to convey interest in a merger between the two rivals. The report also said that […]
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NATO allies will pledge to hike defense spend – but will they deliver?
US Secretary of Defense Pete Hegseth holds a bilateral meeting with NATO Secretary General Mark Rutte (2nd L) at the Pentagon in Washington, DC, April 24, 2025. Brendan Smialowski | AFP | Getty Images Fireworks could kick off during NATO’s annual summit this week, as the U.S. pushes its allies to sharply increase their defense […]
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U.S. isn’t at war with Iran, ‘we’re at war with Iran’s nuclear program,’ Vance says
US Vice President JD Vance speaks during a discussion at the Munich Leaders meeting hosted by the Munich Security Conference at the Willard Hotel in Washington, DC, May 7, 2025. Mandel Ngan | Afp | Getty Images Vice President JD Vance said Sunday that the United States is not at war with Iran, but with […]
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Hegseth claims Iran’s nuclear ambitions ‘obliterated’ after U.S. strikes
Secretary of Defense Pete Hegseth said Sunday that “Iran’s nuclear ambitions have been obliterated,” hours after the United States attacked three major nuclear nuclear enrichment facilities. Hegseth praised President Donald Trump’s order as “focused, it was powerful, and it was clear,” during an early morning press conference. Hegseth said that the late-night mission was “not […]
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Trump says U.S. attacked three Iran nuclear sites
Portraits of Iranian military generals and nuclear scientists, killed in Israel’s June 13 attack are displayed above a road, as a plume of heavy smoke and fire rise over an oil refinery in southern Tehran, after it was hit in an overnight Israeli strike, on June 15, 2025. Atta Kenare | Afp | Getty Images […]
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Republican Party has nearly five times more cash on hand than the Democrats
Ken Martin speaks at the Democratic National Committee Winter Meeting at the Gaylord National Resort and Convention Center in National Harbor, Md., on Sat., Feb. 1, 2025. Rod Lamkey, Jr. | AP Photo The Republican National Committee has almost five times the cash on hand as its Democratic counterpart, as Democrats seek to regain their […]
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