OPEC, Allies Agree to Keep Oil Output Steady in October
The cartel's move comes after six straight monthly increases.
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U.S. Strikes Three Iranian Ships After Missiles Fired at American Aircraft Carrier
The latest bout of fighting marks an intensifying effort by both sides to assert control over the Strait of Hormuz.
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He's Letting AI Agents Invest His Money. They Even Have Names.
Americans are vibe-coding trading algorithms and handing over their stock portfolios to AI agents. Welcome to the world of the robot retail investor.
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The Next Big Opportunity in Data Centers: Insuring Them
From tornadoes to power cuts, artificial-intelligence hyperscale data centers are exposed to a dizzying array of potential threats during their construction and operation.
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How Billions in Iranian Money Passes Through U.S. Banks
Illicit Iranian funds are flowing through U.S.-dollar clearing accounts, creating an enforcement dilemma for Washington.
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Skip the Rate Hike, Trim the Balance Sheet, Some Fed Watchers Urge
The Fed could make a policy error by raising interest rates, critics argue, citing other tools to tame inflation and encourage growth.
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U.S. Adds a Whopping 162,000 Jobs in a Bright Spot for the Economy
The unemployment rate stayed at 4.1%, a historically low level that indicates the labor market remains generally healthy.
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U.S. Stocks Fall as Robust August Jobs Data Spurs Yields, Rate-Hike Bets
U.S. stocks fell after surprisingly strong jobs data muddied the outlook for Federal Reserve policy.
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Canadian Employment Retreats in August, Though Jobless Rate Holds Steady
The unemployment rate remained at 6.4%, despite employers in the country cutting a net 41,700 jobs last month.
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For Many Individual Traders, Prediction Markets Are Hot-and Crypto Is Not
As bitcoin loses its cool, traders are spending more time and money betting on sports, elections and Fed rate decisions.
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U.S. Retail Diesel Prices Hit Record High as Global Supply Tightens
Diesel prices jumped to a fresh record high as prolonged disruptions in the Middle East and Russian refineries continued to tighten global supplies.
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Bill Pulte Instructs Fannie and Freddie to Approve VantageScore in Blow to FICO Scores
Three big credit firms are "overcharging Americans," according to Bill Pulte, the head of the Federal Housing Finance Agency.
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Week Ahead for FX, Bonds: U.S. Inflation Data in Focus; ECB Expected to Raise Rates
Focus in the coming week will center firmly on U.S. inflation data as investors gauge whether the Federal Reserve could raise interest rates in the coming months, and possibly as early as this month.
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Norway's Massive Oil Fund Proposes Selling Roughly $80 Billion in U.S. Treasurys
The manager of the $2.4 trillion sovereign-wealth fund recommended adding riskier debt in a bid to seek greater returns.
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Food Prices Rose in August as Supply Risks Mounted, U.N. Says
World food prices rose in August as adverse weather and supply disruptions in the Middle East and Black Sea regions raised concerns over future supplies, the United Nations' Food and Agriculture Organization said.
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BOE Survey Points to Cooling Price Pressures
Businesses expect the prices they charge to rise by 3.8% over the coming 12 months, a decrease from the 3.9% expected in July.