United Airlines Cuts 5% of Flights Amid Surging Fuel Prices
United Airlines announced it will reduce about 5% of its flight capacity in response to soaring fuel costs linked to the ongoing conflict involving…
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Fed’s Bowman Predicts Three Rate Cuts Before Year-End
Federal Reserve Vice Chair for Supervision Michelle Bowman said Friday she has penciled in three interest rate cuts before the end of 2026 to…
Treasury Secretary Bessent Rules Out Oil Futures Market Intervention
Treasury Secretary Scott Bessent announced that the U.S. government will not intervene in the oil futures market amid supply disruptions linked to the Iran…
Freddie Mac Reports 30-Year Mortgage Rate Rises to 6.22%
Mortgage rates on the benchmark 30-year fixed loan rose to 6.22% this week, marking the highest level in nearly four months, according to Freddie…
Federal Reserve Holds Interest Rates Steady Amid Economic Uncertainty
The Federal Reserve decided to keep interest rates unchanged Wednesday, maintaining the benchmark federal funds rate at a range of 3.5% to 3.75%. The…
Federal Reserve Projects Only One Rate Cut in 2026 Amid Inflation Concerns
The Federal Reserve maintained interest rates at 3.5% to 3.75% on March 18, 2026, as the Federal Open Market Committee (FOMC) cited economic uncertainty,…
Goldman Sachs Sees Limited Global Supply Impact from Iran War
Goldman Sachs economists have concluded that the ongoing conflict in Iran is unlikely to trigger a broad global supply chain crisis comparable to the…
Cruise Lines Face Fuel Cost Surge as Oil Prices Rise on Iran Conflict
Cruise lines are confronting higher fuel expenses as oil prices have risen sharply amid the war involving Iran, impacting profit forecasts for major operators.…
Chancellor Reeves Pledges £1bn for Quantum Computing and AI Growth
Chancellor Rachel Reeves announced a £1 billion investment in commercial-scale quantum computers and a £500 million fund to support leading UK artificial intelligence (AI)…
Iran Conflict Pushes Gas Prices Up 50 Cents Per Gallon Nationwide
Gas prices in the U.S. have surged by an average of 50 cents per gallon since the start of Operation Epic Fury against Iran…