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US producer prices rose 6.5% on higher energy prices, largest yearly jump since 202210:14 U.S. producer prices climbed last month at the fastest pace since November 2022, fueled by surging energy prices Average US long-term mortgage rate rises to 6.52%, just below its high for the year10:14 The average long-term U.S. mortgage rate ticked up this week to just below its high for the year, the latest sign that borrowing costs on home loans remain elevated relative to where they were before the war with Iran started US jobless aid filings rise to 229,000 last week, remain historically low despite war10:14 U.S. applications for jobless aid rose modestly last week, but remain at a historically low level despite economic headwinds brought on by the war in Iran How major US stock indexes fared Wednesday 6/17/202623:45 U.S. stocks dropped on speculation the Federal Reserve may raise interest rates this year to keep a lid on inflation Canada's Carney isn't having meeting with Trump at G7 but says it's not a snub13:58 Canadian Prime Minister Mark Carney will leave the G7 summit without a formal meeting with U.S. President Donald Trump as the free trade agreement between the countries faces an uncertain future Shares are mixed and oil trades below $80 on optimism over interim US-Iran war deal17.června Asian shares are mixed and oil is trading below $80 a barrel, as markets watch for details on the interim agreement to end the U.S.-Iran war Warsh to face spotlight as Federal Reserve likely to leave interest rates unchanged17.června The Federal Reserve will enter the Kevin Warsh era Wednesday, as President Trump’s pick to lead the central bank oversees his first policy meeting and holds his first news conference DOJ seeks to dismiss air pollution lawsuit against xAI data center17.června The Trump administration is helping one of Elon Musk’s companies fight a civil rights lawsuit that alleges it is illegally running dozens of natural gas turbines to power a $20 billion data center in Mississippi Steve Harvey: God’s blessings come with a duty to give back16.června Steve Harvey believes his success as an entertainer and author is a blessing from God, tied to his philanthropy Asian shares are mostly higher and Japan's Nikkei tops 70,000 before BOJ rate hike16.června Asian shares are mostly higher and Japan's benchmark Nikkei 225 briefly topped 70,000 for the first time before trimming early gains after the Bank of Japan raised its key interest rate to 1% Bank of Japan raises its key interest rate to a three-decade high of 1%, citing inflation16.června The Bank of Japan has raised its benchmark interest rate to 1%, citing challenges stemming from a weak Japanese yen and higher prices |
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