Trump says Navy has secured Strait of Hormuz, reopens it to shipping
President Trump says the U.S. Navy has cleared the Strait of Hormuz of mines and secured full control of the…
World News
Global economic and financial news — Federal Reserve decisions, geopolitical events, trade policy and macroeconomic data that move financial markets worldwide.
Cathie Wood: Fed Under Warsh Has No Reason to Tighten in 2026
ARK Invest CEO Cathie Wood argues a Kevin Warsh-led Federal Reserve has no reason to tighten policy in 2026, pointing…
Warsh Reaffirms Fed’s 2% Inflation Target as US Debt Hits About 120% of GDP
Federal Reserve Chair Kevin Warsh reaffirmed on July 29 that the central bank has no room to soften its 2%…
Cleveland Fed’s Hammack: More Than One Rate Hike Needed to Tame Inflation
Cleveland Fed president Beth Hammack said Monday that a single rate move won't be enough to bring down inflation, and…
US Blockade Leaves Iran’s Kharg Island Oil Terminal Idle for at Least a Week
Satellite and shipping data show Iran's Kharg Island, the terminal that handles most of the country's crude exports, has not…
