Washington Watch Janet Yellen Says She Expects Soaring Oil Prices to Stabilize
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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 - 10h -
Is the recent uptick in inflation cresting? Wholesale prices posts smaller-than expected increase.
Wholesale prices in the U.S. rose modestly in December in a reprieve from a string of elevated inflation in the final months of 2024 that have likely put off any further reductions soon in interest ...MarketWatch - 16h -
Melania Trump Says She Plans to Be at White House Full Time
Mrs. Trump did not immediately move in to the White House when her husband was inaugurated in 2017, but she said the second stay was going to be more routine. “I already packed,” she told Fox News.The New York Times - 1d -
Trump, Putin call expected soon, Waltz says
President-elect Trump and Russian President Vladimir Putin are expected to have a phone call in the coming days or weeks, Trump’s incoming national security adviser, Rep. Mike Waltz (R-Fla.), said ...The Hill - 1d -
Asset managers turn to defensive positioning as equity prices soar
Elevated level of stocks and prospect of higher for longer rates have some firms sending up caution flaresFinancial Times - 2d -
Malaysia expects surge of Chinese investment, economy minister says
Rafizi Ramli suggests semiconductor and tech sectors are seeking to avoid exposure to possible Trump tariffsFinancial Times - 3d -
Why Trump’s tariffs may bring worse-than-expected price hikes to consumer electronics
As CES winds down in Las Vegas, one cloud hanging over the desert not often mentioned in all the coverage of newly unveiled gadgets was a prediction by the show’s host of how much prices for ...MarketWatch - 3d -
Columbia Professor Katherine Franke Says She Was Forced to Retire Because of Activism
Katherine Franke, a law professor and vocal advocate of pro-Palestinian students, had been under investigation over remarks she made about Israeli students.The New York Times - 4d -
Crude prices jump as U.S. imposes sweeping sanctions against Russia oil industry
The U.S. Treasury Department is targeting more than 180 Russian tankers.CNBC - 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 -
World’s ugliest lawn winner says she leaves watering to Mother Nature
New Zealand garden takes first prize in global competition designed to promote water conservation. A sun-scorched patch of lawn near Christchurch, in New Zealand, has been crowned the ugliest lawn ...The Guardian - 4d -
Consumer expectations for higher inflation soar in early January
Americans’ expectations for overall inflation over the next year jumped to 3.3% in January from 2.8% in the prior month, according to the University of Michigan’s gauge of consumer sentiment.MarketWatch - 4d -
US job market soars past expectations in last report before Trump retakes White House
Economy adds 256,000 jobs in December, with Biden boasting of 16.6m jobs created during presidency. The US labor market expanded strongly in the last jobs report of the Biden administration , ...The Guardian - 4d -
Price Stability Slowly Returns to Used Car Markets
Reduced new auto production during the pandemic cut used car supplies, too, contributing to double-digit price fluctuations and sector instability that may finally be ending.Inc. - 5d -
Truss lawyers tell Starmer to stop saying she ‘crashed the economy’
Legal letter warns prime minister to ‘cease and desist’ from claims about her brief tenureFinancial Times - 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 - 6d -
Used vehicle prices expected to continue to stabilize in 2025 after pandemic volatility
Used vehicle prices are expected to continue to stabilize in 2025 after swinging wildly for several years before starting to calm down in 2024.NBC News - 6d -
Used vehicle prices expected to continue to stabilize in 2025 after pandemic volatility
Cox Automotive expects wholesale prices on its Manheim Used Vehicle Value Index will end this year 1.4% higher than in December 2024.CNBC - 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 -
Janet Yellen: Covid stimulus may have contributed 'a little bit' to inflation
Treasury Secretary Janet Yellen discussed inflation, the Covid-19 pandemic, the Fed, DOGE and more in an exit interview on CNBC's "Money Movers."CNBC - 6d -
UK house prices dipped in December, says Halifax
Decline is first for nine months although prices still 3.3% above last yearFinancial Times - Jan. 7 -
Trump's incoming White House chief of staff says she won't tolerate drama
Leaks, office feuds and chaos were some of the things CBS News reported coming out of the West Wing during President-elect Donald Trump's first term. Susie Wiles, the incoming White House chief of ...CBS News - Jan. 6 -
Tennis star Naomi Osaka says she and rapper Cordae are no longer in a relationship
Four-time Grand Slam tennis champion Naomi Osaka says she and her partner, rapper Cordae, are no longer in a relationshipABC News - Jan. 6 -
Washington Post expected to lay off dozens of staffers in coming week – report
‘Cuts will be deep’, media reporter writes, after paper faced scrutiny for halting endorsement of Harris in October. Dozens of employees are expected to be laid off at the Washington Post in the ...The Guardian - Jan. 6 -
Washington Post cartoonist says editors axed cartoon depicting Trump, Bezos
A longtime cartoonist at The Washington Post resigned after leadership reportedly killed a cartoon depicting newspaper owner and billionaire Jeff Bezos bending his knee to President-elect Trump. “I ...The Hill - Jan. 4 -
Experts say high food prices are here to stay. Here's why
Some experts say there's really nothing the government can do about high food prices.CNBC - Jan. 4 -
Why Coffee Prices Are Soaring (Again)
Wholesale coffee prices are trading near a 50-year high because of shortages related to extreme weather and increased global demand.The New York Times - Jan. 4 -
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 -
Murkowski says she supports extending ObamaCare premium subsidies
Sen. Lisa Murkowski (R-Alaska) said she supports extending enhanced subsidies to help people afford premiums on ObamaCare plans ahead of what’s expected to be an intense debate among congressional ...The Hill - Jan. 3 -
WATCH: 2025 Golden Globes’ predictions and what to expect
ABC News’ Will Ganss and senior entertainment reporter at ESPN's Andscape Kelley Carter discuss the kickoff to awards season.ABC News - Jan. 3 -
Far-right Italian PM says she is ‘in tune on many issues’ with Keir Starmer
Giorgia Meloni says she and Starmer agree on need to explore ‘innovative solutions’ for processing asylum claims. Italy’s prime minister, Giorgia Meloni, has said she is “in tune on many issues” ...The Guardian - Jan. 3 -
Mike Johnson says he expects House speaker vote to go "smoothly"
The new Republican-controlled Congress will be sworn in Friday as Mike Johnson hopes an endorsement from President-elect Donald Trump can keep him in the speaker's office. Daniella Diaz, ...CBS News - Jan. 2 -
Biden Expected to Permanently Ban Oil Drilling in Some Federal Waters
The move, expected as early as Monday, relies on a 70-year-old law that could make it difficult for the Trump administration to reverse it.The New York Times - Jan. 2 -
Spartz, key Speaker holdout, says she will decide tomorrow on Johnson
Rep. Victoria Spartz (R-Ind.), who has been a key holdout in House Speaker Mike Johnson's (R-La.) tight race to continue his Speakership, said Thursday that she will decide Friday whether to vote ...The Hill - Jan. 2 -
Oil prices end higher to kick off 2025, boosted by a stronger demand outlook
Oil futures began 2025 on a positive note, boosted by expectations for stronger demand.MarketWatch - Jan. 2 -
House prices rose by 4.7% in 2024, says Nationwide
Housing market activity remained "remarkably resilient" despite affordability challenges, the lender says.BBC News - Jan. 2 -
UK house prices rise more than expected in December
Month-on-month increase of 0.7% takes average house price close to record highFinancial Times - Jan. 2