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Wall Street closes down sharply after Fed holds rates unchanged ReutersDow drops 1,100 points for worst day since April 2025 on fear the Fed is falling behind on inflation: Live updates CNBCU.S. Stocks Slide After Fed Pause, Escalation in Iran War WSJStock market today: Dow plunges by 1,100 points, S&P 500 and Nasdaq sink as yields rise on Fed's hawkish hold Yahoo Finance
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Fed holds interest rates steady after cliffhanger meeting, but three officials dissent CNNDivided Fed holds interest rates steady, but three members voted to hike CNBCWarsh Spins a Good Yarn on Bringing Down Inflation, But Markets Aren't Buying It Barron'sWall Street is panicking over Kevin Warsh's patience Fortune4 Takeaways From the Federal Re
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Live updates: Trump says Iran ‘going to get a beating' as fresh fighting shatters calm CNNWhy Iran chose to restart the fight after the US stopped firing CNNIran's surprise attack in Jordan blows up pause in fighting The HillU.S.-Iran Updates: Trump says Iran to "get a beating" as war expands with U.S.-Saudi strikes in Iraq CBS News
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Xbox revenue drops 10 percent as Microsoft's cloud and AI business surges The VergeMicrosoft CEO Says Xbox Will ‘Return To Growth' This Fiscal Year KotakuXBOX Revenue Fell 10% In Latest Microsoft Earnings Insider Gaming'We Expect to Return to Growth' — Xbox CEO Remains Optimistic Despite Continued Revenue Loss Driven by Low Hardware and Content Sales ign.comMicrosoft Results B
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The United States Oil Fund has climbed by 58% since the start of the Iran war, more than double the gain of WTI crude futures.
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Gundlach said the divergent moves across the Treasury curve showed investors' skepticism that the Fed will ultimately follow through.
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Kevin M. Warsh's second meeting as chairman of the Federal Reserve was colored by internal divisions over the path forward for policy.
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Decline could erode ability to supply Asian and European markets dependent on supplies from the Middle East
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Flooding in wider Capital Region clogs up traffic Wednesday morning WRGBFlood warnings issued for eastern New York as life-threatening flash flood threat shifts toward New England Yahoo News SingaporeNYC storms: PS 230 in Kensington, Brooklyn houses one of city's safe overnight locations ABC7 New York
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Iran hits US in Jordan, US-Saudi strikes on Iraq: Is war spreading? Al JazeeraLive updates: Trump says Iran ‘going to get a beating' as fresh fighting shatters calm CNNTrump says US to deliver ‘beating' to Iran after bases again targeted Al JazeeraIran Launches Surpr
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The U.S. economy churned out another robust rate of growth in the second quarter even as the Iran war boosted inflation, but that might not be so readily apparent in the latest report on gross domestic product.
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Kevin M. Warsh, who will preside over his second meeting as chairman of the central bank, faces pressure to raise interest rates as inflation remains elevated.
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Energy costs in the region surged by an annual rate of 10.9% in May.
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