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News
US diesel hits record $5.98 as Iran war drives up costs from milk to lumber
4+ hour, 32+ min ago (599+ words) AAA says the national average for diesel reached an unprecedented $5.98 per gallon on September 10, a new high for a fuel whose effects stretch well beyond filling stations. The increase is likely to reach people who never purchase diesel directly, showing…...
UAE, Iran Leaders Meet as Push to Resolve Hormuz Standoff Grows
11+ hour, 58+ min ago (506+ words) (Bloomberg) -- Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed Al Nahyan met Iranian President Masoud Pezeshkian, as the Islamic Republic touts a potential deal to allow more ships through the Strait of Hormuz. Trump Sees Canada Deal 'Fairly Soon,' Downplays…...
UBS Expects Two Fed Rate Hikes by End of 2026 After Warsh Speech and Jobs Data
8+ hour, 7+ min ago (336+ words) UBS analysts expect the Federal Reserve to raise interest rates twice before the end of 2026, citing comments from Fed Chair Kevin Warsh and recent U.S. employment data. Analysts including Jonathan Pingle and Abigail Watt said Warsh's remarks at the Federal Reserve's…...
'It's going to hurt': How a surging student-loan payment is reshaping a family's future
1+ day, 7+ hour ago (947+ words) From a second job to reconsidering a career path, a family of four details how they're navigating a student-loan payment increase....
Trump touts $22 trillion investment boom as he makes the case for $5,000 dividend
7+ hour, 15+ min ago (665+ words) President Trump is pointing to trillions of dollars in promised investment as part of the economic case for Republicans retaining control of Congress in November, but the figure he's citing is nearly twice as large as the one published by…...
Johnson Calls for Meeting With AI Leaders Before Any Legislation
8+ hour, 48+ min ago (182+ words) (Bloomberg) -- House Speaker Mike Johnson says any federal legislation on artificial intelligence shouldn't be rushed and "we need to summon" AI industry leaders to "one big meeting" first. Trump Sees Canada Deal 'Fairly Soon,' Downplays Leaving USMCA Oracle to Spend…...
Trump has now floated giving nearly $15,000 to Americans across 5 separate 'dividend' checks. Just 1 ever paid out
8+ hour, 45+ min ago (441+ words) With the midterm elections nearing, President Trump is once again promising cash for Americans, but skeptics and even some of his backers are cautioning that this is a familiar tune that lacks any real substance. Trump's pledge to give every…...
Anthropic says AI could double the U.S. economy every 4.5 years — but push knowledge-worker unemployment to 18%
9+ hour, 15+ min ago (721+ words) Anthropic has put numbers on what its own technology might do to the American economy and the range is enormous. On Sept. 9, Anthropic, the company behind Claude, published a model of the U.S. economy in 2030 laying out three futures. In the…...
Carney pushes idea of making Canada 'associate member' of EU, WSJ reports
5+ hour, 21+ min ago (33+ words) BRUSSELS, Sept 13 (Reuters) - Canada's Prime Minister Mark Carney wants closer links with the European Union and is exploring whether his country could become an "associate member" of the bloc, The...
President Donald Trump's Interest-Rate Ultimatum Will Likely Fall on Deaf Ears Due to 3 Factors, One of Which Is Trumpflation
13+ hour, 19+ min ago (893+ words) Since the late 1890s, Wall Street's major stock indexes have risen under roughly three-quarters of all presidential terms. However, the annualized returns of the timeless Dow Jones Industrial Average (DJINDICES:^DJI), benchmark S&P 500 (SNPINDEX:^GSPC), and tech-driven Nasdaq Composite (NASDAQINDEX:…...