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Inside the Race to Save One of Ukraine's Holiest Sites From a Russian Strike WSJRussian Offensive Campaign Assessment, June 15, 2026 Institute for the Study of WarAs Russia Strikes Ukraine, a Cultural Symbol Catches Fire The New York TimesMoscow, Kyiv exchange attacks as Ukraine's Zelenskiy speaks to Trump, Europe Reuters
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Warsh kicks off Fed chief era with sweeping review as rates remain unchanged ReutersStock futures rise as Fed hints at possible rate hike in 2026; Nikkei hits 71,000 for the first time: Live updates CNBCFederal Reserve policymakers show support for rate hikes as Warsh reins in guidance AP NewsThe Fed's new era begins. Here's what it means for your money CNN
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More than three months after the U.S. and Israel launched their war on Iran, the costs and aftereffects are felt around the world.
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Trump settles for Iran deal that falls short of his promises AxiosTrump defends Iran deal amid criticism: 5 takeaways The Hill'I'm blaming JD': Key lines from Trump's Iran deal press conference Australian Broadcasting CorporationTrump Defends Deal to End the War With Iran as Details Emerge The New York Times
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The new Federal Reserve chair rolls out five task forces that will focus on the central bank's communications, inflation frameworks and more
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The Federal Reserve and Chairman Kevin Warsh on Wednesday followed the script on interest rates closely.
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BMW was the worst performing major European stock on Wednesday after the luxury-car maker lowered its profit outlook, citing a downturn in China as well as the impact from the Middle East war.
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Dow closes 500 points lower as Warsh's first Fed meeting sets off surge in bond yields: Live updates CNBCThe Fed's new era begins. Here's what it means for your money CNNFederal Reserve policymakers show support for rate hikes as Warsh reins in guidance AP NewsKevin Warsh showed that he's decisively not Trump's ‘sock puppet'—and markets didn't like it Fortune
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Live updates: Tornado Warnings issued as dangerous severe weather outbreak slams the Midwest FOX WeatherTornadoes reported in Illinois, Iowa as severe weather roils Midwest CBS NewsLive Updates: Tornado watch issued in Wabash Valley MyWabashValley.comNWS confirms two tornadoes in central Illinois The State Journal-Register
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Nine of 19 officials who participate in Fed policy meetings penciled in at least one interest rate increase by year end, up from zero in March. It was Kevin Warsh's first as Fed chair.
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Gundlach said Warsh's stance reduces the risk of overly accommodative monetary policy that could reignite inflation and push longer-term borrowing costs higher.
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Businesses looking for any relief from the cost of debt were left wanting more Wednesday.
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Donald Trump's war in Iran has sent inflation to nearly double the central bank's target
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Kevin Warsh doesn't need to hike rates to spook investors.
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Struggling JetBlue shuts down key Newark, LaGuardia operations as New York airport costs soar New York PostJetBlue to reduce Newark, LaGuardia footprint as it forges ahead in Fort Lauderdale CNBCJetBlue to connect Florida and California with premium Mint flights The Palm Beach Post
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Officials at the Federal Reserve were split between no cuts this year and one or more rate increases as they braced for higher inflation, according to a new set of projections.
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The Iran War Has Rewired the Global Economy NewserThe Iran War Permanently Altered the Global Economy The New York TimesHow the Iran war energy crisis defied expectations AxiosIran war is a wake-up call for Southeast Asia's energy sector, IEA report says AP NewsIran War Has Irrevocably Changed the Middle Eastern Oil Trade Bloomberg.com
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The median projection called for the federal funds rate to end 2026 at 3.8%, a quarter percentage point above the current target range.
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Shipping data show that only a fraction of normal tanker volumes are moving through the Strait of Hormuz.
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