U.S. stock markets were poised for a modest recovery after a rout that sent the S&P 500 into a bear market, while bitcoin remained under pressure after selling off sharply in recent days.
U.S. Treasury yields have surged to new multiyear highs, reflecting uncertainty over how high the Fed will have to raise interest rates to tame inflation.14 min read
A string of troubling inflation reports is likely to lead Federal Reserve officials to consider surprising markets with a larger-than-expected interest-rate increase at their meeting this week.
The agreement, which falls short of the sprawling changes championed by Democrats, is a significant step toward ending a yearslong impasse over gun reform legislation.
The House panel investigating the attack led its public sessions with video testimony from people close to the former president about his actions before and during the riot.
Treasury Secretary Janet Yellen said this week that the U.S. was involved in “extremely active” talks with European allies about efforts to form a buyers’ cartel and set a cap on the price of Russian oil.
Soldiers desperate for advanced arms to match their Russian enemies have resorted to Google Translate to decipher the instructions for their sophisticated new tools.
U.S. job growth cooled slightly in May, adding to signs the economy is starting to lose some steam after its rapid recovery last year. Employers added 390,000 jobs, a robust increase but down from April’s gains and below the monthly average pace last year.
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