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Inflation was getting worse before Iran war. PCE price increases show how much.
Shortly before the Iran war, a key measure of U.S. inflation rose at an excessive pace for the third month in a row, underscoring the latest challenge to the Federal Reserve in trying to squelch stubborn price pressures. Article Attribution | Read More at Article...
Still haven’t filed your taxes? Here’s a $350 reason to stop procrastinating.
So far, the IRS has received 1 million fewer tax returns than at the same point last year. Article Attribution | Read More at Article Source
Oil prices tick higher but stay below $100 a barrel on concerns about a ‘fragile’ cease-fire
Traders wary that traffic through the Strait of Hormuz is still restricted. Article Attribution | Read More at Article Source
These signals will make or break the Iran cease-fire — and oil prices
Ride the “war’s over” rally — but the reality of the Trump-Iran truce suggests being ready to sell oil and emerging markets. Article Attribution | Read More at Article Source
‘I plan to exit corporate life’: I’m 50 and have $400,000. My wife is a teacher. Can I retire at 55?
“I would like to stop working in about five years to spend more time with our child and support my wife.” Article Attribution | Read More at Article Source
S&P 500 smashes back above two key moving averages, in a rare display of strength. Here’s what history shows happens next.
What a difference a day makes. Article Attribution | Read More at Article Source
Micron and other memory stocks soar as Iran cease-fire refocuses attention on the AI boom
The memory trade had been coming undone in recent weeks, but it now looks to be back on in a big way following the announcement of a two-week cease-fire agreement with Iran. Article Attribution | Read More at Article Source
The New York Times says it has identified Satoshi, bitcoin’s inventor. The crypto industry doesn’t seem to care.
A report in the New York Times claims to have identified the person who goes by the pseudonym Satoshi Nakamato, the inventor of bitcoin and one of the richest people on Earth. Article Attribution | Read More at Article Source
There’s a simple reason for the stock market’s huge relief rally on the Iran cease-fire
A huge relief rally was underway in the stock market Wednesday following a two-week cease-fire deal between the U.S. and Iran. Article Attribution | Read More at Article Source
Iran may have just put the brakes on reopening the Strait of Hormuz
Hormuz traffic is halted after attacks by Israel on Lebanon, Iranian news agency says. Article Attribution | Read More at Article Source
Oil and fertilizer stocks get pummeled but are still well above levels before the Iran conflict
Of the S&P 500’s top 20 biggest decliners, 19 companies are in either the oil and gas or the fertilizer business, and the other one is in agriculture. Article Attribution | Read More at Article Source
Oil prices plunge below $94 a barrel, on pace for biggest drop since 2020, after U.S. and Iran agree to two-week cease-fire
Oil prices were plunging on Wednesday morning after Trump announced that Iran agreed to a two-week cease-fire. Article Attribution | Read More at Article Source