As the Federal Reserve considers how to respond to the latest inflationary spike, a former central banker has warned that the traditional monetary policy playbook doesn’t apply. In a Substack post last week, former Philadelphia Fed President Patrick Harker argued…
Stock futures dipped Sunday as investors were forced to confront the inconvenient reality that the Strait of Hormuz remains closed with oil markets edging closer to a cliff’s edge. Futures tied to the Dow Jones industrial average fell 174 points, or 0.35%.…
The US Centers for Disease Control and Prevention is escalating its response to the ongoing Ebola outbreak in the Democratic Republic of Congo and Uganda, after the World Health Organization labeled the outbreak a public health emergency. The agency plans to…
Four crew members ejected safely after two Navy jets collided Sunday at an air show in Idaho, a show organizer said. Emergency crews responded after the two planes collided during the show at the Mountain Home Air Force Base in…
Investors won’t see a rate cut out of the next Federal Reserve policy meeting, according to DoubleLine Capital LP chief executive officer Jeffrey Gundlach. “People were looking for two rate cuts this year, but the inflation market has simply not…
Taiwan’s president on Sunday stressed that arms purchases from the United States are “the most important deterrent” of regional conflict and instability, after President Donald Trump called into question continued U.S. support of Taiwan following his visit to China. U.S.…
China has agreed to purchase at least $17 billion of agriculture products from the US annually through 2028, the White House said in a fact sheet detailing President Donald Trump’s two-day summit in China. A day earlier, the Chinese Ministry…
Africa’s top public health body first confirmed a new Ebola outbreak in Congo’s Ituri province on Friday. By Saturday, it had reported 336 suspected cases and 88 deaths. All the cases are in Congo, except for two recorded in neighboring Uganda. Health authorities say…
One of Ukraine’s largest drone strikes on Russia killed at least four people, including three near Moscow, and wounded a dozen others, local authorities said Sunday. Debris fell on Russia’s largest airport without causing damage. Ukrainian President Volodymyr Zelenskyy confirmed…
Federal prosecutors are scrutinizing valuation practices at a BlackRock Inc. private credit fund, according to people with knowledge of the matter. The Manhattan US Attorney’s office in recent months has been seeking information about BlackRock TCP Capital Corp., a publicly…