How the Iran war and surging oil prices are affecting consumers at the gas pump and beyond
Gasoline prices are climbing, and many people will find some of the most immediate economic pain at the pump.
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US coffee prices spike due to tariffs and poor weather
The average U.S. price of a pound of ground coffee hit $9.14 in September, a 3% increase from the August average of $8.87 and 41% higher than in September 2024,...
Trump says he’s firing Fed Governor Lisa Cook, opening new front in fight for central bank control
President Donald Trump fired Federal Reserve Governor Lisa Cook late Monday.
Fed Chair Jerome Powell says rate cut is on hold even as Trump demands cuts
The Federal Reserve will continue to wait and see how the economy evolves before deciding whether to reduce its key interest rate, Chair Jerome Powell said Tuesday, a stance directly...
Donald Trump chooses Scott Bessent to be treasury secretary, Russel Vought as budget chief, Lori Chavez-DeRemer for Labor
President-elect Donald Trump announced Friday that he’ll nominate former George Soros money manager Scott Bessent, an advocate for deficit reduction, to serve as his next treasury secretary.