Oil Prices Log Weekly Gains after Fed Rate Cut Rising Middle East Tensions
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A global bond sell-off is deepening as investors pare Fed rate-cut expectations
A sell-off in global bond markets is accelerating, fueling concerns over government finances and raising the specter of higher borrowing costs.CNBC - 14h -
Hochul Proposes Cutting Income Taxes for Middle-Class New Yorkers
Gov. Kathy Hochul used her State of the State speech to focus on affordability and crime, vowing to place a police officer on every overnight subway train.The New York Times - 6h -
Oil ends lower after a 3-day rally lifted prices to their highest since August
Oil futures settled with a loss on Tuesday, giving back some ground after a three-day rally driven in part by a new round of U.S. sanctions on Russia’s oil industry lifted crude prices to to their ...MarketWatch - 7h -
Wall Street stocks waver after robust US data puts brake on rate cut bets
Treasury yields rise to highest level since late 2023Financial Times - 1d -
Trump’s Middle East envoy visits Netanyahu in push for Gaza ceasefire
Steve Witkoff meets Israeli PM in renewed efforts to secure hostage release deal with Hamas. The US Middle East envoy chosen by the president-elect, Donald Trump, met the Israeli prime minister, ...The Guardian - 3d -
This is what it could take for the Fed to hike interest rates
Some economists are now contemplating what was previously unthinkable — and they are focused on the personal-consumption expenditures price indexMarketWatch - 3d -
Dow sees worst start to a year since 2016 as Fed rate-cut hopes fade for 2025
U.S. stocks are down so far in 2025 as market volatility climbs.MarketWatch - 3d -
Surprising December jobs growth is denting chances of a first-half Fed rate cut
Friday’s unexpectedly big increase in December nonfarm payrolls led to a diminished market-based likelihood for any rate cut by the Federal Reserve until September, based on one method of ...MarketWatch - 4d -
Oil prices rally as fresh U.S. sanctions on Russia threaten global supplies
Oil futures ended sharply higher on Friday, as fresh U.S. sanctions on Russia’s oil sector looked to threaten global supplies and as winter storms in the U.S. were expected to boost demand for ...MarketWatch - 4d -
Mortgage rates are not rising yet but Reeves has to act
Why Rachel Reeves needs a more detailed growth strategy - and soon.BBC News - 4d -
Strong December job growth could augur fewer Fed interest-rate cuts
Employers across the U.S. added a robust 256,000 jobs in December, a sign the labor market remains in good shape.CBS News - 4d -
The Fed Is in No Rush to Cut Rates
Fed officials have signaled that it will take more than one weak report to convince them that the labor market is deteriorating.The New York Times - 4d -
Harris, Emhoff cancel trip to Singapore, Middle East, Germany amid California fires
Vice President Harris and second gentleman Doug Emhoff announced their decision to cancel their upcoming international trips on Thursday in the wake of the Los Angeles wildfires. “In response to ...The Hill - 5d -
Fed Governor Bowman says December interest rate cut should be the last
Federal Reserve Governor Michelle Bowman said Thursday she supported the recent interest rate cuts but doesn’t see the need to go any further.NBC News - 5d -
Fed Governor Bowman says December interest rate cut should be the last
Bowman said Thursday she supported the recent interest rate cuts but doesn't see the need to go any further.CNBC - 5d -
Why two Fed officials doubt the need for many more rate cuts
One official warned that “progress on inflation could continue to stall.”MarketWatch - 5d -
Middle East latest: Death toll in Gaza passes 46,000; Lebanese parliament elects new president
Gaza’s Health Ministry says more than 46,000 Palestinians have been killed in the Israel-Hamas war, with no end in sight to the 15-month conflictABC News - 5d -
Taiwan demonstrates sea defenses against potential Chinese attack as tensions rise with Beijing
Taiwan has demonstrated its sea defenses against a potential Chinese attack as tensions rise with Beijing, part of a multitiered strategy to deter an invasion from the mainlandABC News - 5d -
Trump will struggle to drive down oil prices
Energy production in the US will rise but more of the output will be gassyFinancial Times - 5d -
Fed officials saw need for ‘careful approach’ to future rate cuts
Minutes from December meeting show policymakers are concerned about US inflation risksFinancial Times - 6d -
Rate-Cut Decision Was Narrow, Fed Minutes Show
Stubborn inflation, and potential tariffs, make future rate cuts uncertain.The New York Times - 6d -
Oil prices settle lower as U.S. crude supplies fall but product stocks rise
Oil futures settled with a loss on Wednesday after the U.S. Energy Information Administration reported that commercial crude inventories fell for a seventh straight week, but gasoline and ...MarketWatch - 6d -
Fed Minutes May Show Why More Rate Cuts Will Face Hurdles
After a quarter-point cut in December, Chairman Jerome Powell said policymakers may be more cautious, since the incoming administration will create more uncertainty.Inc. - 6d -
Trump expected to appoint Eric Trager as Middle East director for National Security Council
President-elect Trump is expected to announce Eric Trager as Senior Director for the Middle East and North Africa on the National Security Council, a congressional aide told The Hill. Trager has ...The Hill - 6d -
Fed’s Waller backs more rate cuts, says he doesn’t think proposed Trump tariffs will spark inflation
Federal Reserve Governor Christopher Waller said Wednesday that he doesn’t think that proposed import tariffs from the incoming Trump administration will lead to upward pressure on inflation.MarketWatch - 6d -
Plans in motion for Gaza's future after war in the Middle East ends
The United Arab Emirates, the U.S., Israel and other nations are in discussion for a joint, temporary administration of the Gaza Strip after the war ends, according to Reuters. CBS News foreign ...CBS News - Jan. 7 -
Middle East latest: Israel's military launches wave of raids across the occupied West Bank
The Israeli military has launched a wave of raids across the occupied West Bank, killing at least three Palestinians it said were militantsABC News - Jan. 7 -
Middle East crisis live: Israeli forces ‘fired on World Food Programme convoy in Gaza’
Statement from UN agency ‘strongly condemns horrifying incident’ on Sunday which it says risked lives of staff. ‘This is basically a civil war’: West Bank in fear after shooting of journalist ...The Guardian - Jan. 6 -
Fed has hit the pause button for rates, and may only cut once this year, experts say
The Federal Reserve is going to sit on the sidelines and may only cut rates once this year, according to prominent economists attending the American Economic Association meeting in San Francisco ...MarketWatch - Jan. 6 -
ECB has been too slow to cut rates, Eurozone economists warn
Almost half of analysts polled by the FT accuse rate-setters of being ‘behind the curve’Financial Times - Jan. 5 -
How increased Israeli military activity is changing the Middle East
The Biden administration notified Congress of a proposed $8 billion arms sale to Israel as the U.S. government maintains its strong support for its ally in the Middle East. While the Israeli ...CBS News - Jan. 4 -
Israel ramps up strikes across Middle East
The war in Gaza shows no signs of slowing down in 2025. Israel turned up the pressure in one of the deadliest weeks of fighting, with nearly 150 people killed. Holly Williams has the latest ...CBS News - Jan. 3 -
Trump announces Middle East appointment: Hopefully she's learned her lesson
President-elect Trump tapped Morgan Ortagus, a former State Department spokesperson, to serve as deputy special presidential envoy for Middle East peace in his next administration. Trump noted in ...The Hill - Jan. 3 -
Oil prices score weekly gains, buoyed by China policy support
Oil futures posted solid gains in a holiday-shortened week, buoyed by expectations of further stimulus in China, the world’s largest crude importer, to boost its sputtering economy.MarketWatch - Jan. 3 -
Hospital flu cases rising at 'very concerning' rate, NHS England warns
The number of people with flu in hospital has quadrupled in the last month, the latest data shows.BBC News - Jan. 3 -
2025 will test the ageing warhorses of the Middle East
There are few grounds for optimism over the Palestinian question but the west can help Syria get back on its feetFinancial Times - Jan. 3 -
Breast cancer rates rising fastest in younger women, study finds
New research reveals breast cancer rates are increasing faster among younger women than any other group. Elaine Quijano reports on the findings.CBS News - Jan. 3 -
Middle East crisis live: at least 37 killed by Israeli strikes on Gaza including in al-Mawasi ‘safe zone’
Airstrike hit tent encampment sheltering displaced families and also killed director-general of Gaza’s police department. Lebanon ’s National News Agency reports that Israeli forces fired two ...The Guardian - Jan. 2 -
Tensions Escalate After Pakistan Pounds Afghanistan With Airstrikes
Pakistani leaders were once friends of the Taliban in Afghanistan. Now, cross-border violence has become alarmingly frequent.The New York Times - Jan. 1 -
Energy prices rise with warnings of more pain to come
The new year starts with a 1% increase in domestic gas and electricity prices under Ofgem's price cap.BBC News - Jan. 1