Browsing: Business

– The U.S. economy expanded at an annual rate of 2.2% in the second quarter of 2026, a sharp upward revision from earlier estimates. The U.S. Bureau of Economic Analysis reported the revised figure for the April through June period.

Oil prices dropped sharply Monday as Brent crude closed at its lowest level in nearly two weeks. November Brent settled at $100.34 a barrel, losing $3.53, or 3.4%. October West Texas Intermediate fell $4.52, or 4.51%, to $95.78 a barrel.

India warned Washington that proposed tariffs on countries purchasing Russian crude oil could harm bilateral relations and disrupt global commodity trade. The statement followed the passage of the Sanctioning Russia and Iran Act of 2026 by the United States House

U.S. stocks closed lower Wednesday after the Federal Reserve raised interest rates by 25 basis points. The increase lifted the federal funds target range to 3.75% to 4.00%. The Dow Jones Industrial Average fell 631.21 points, or 1.21%, to 51,461.90.

The U.S. dollar climbed to a seven-week high on Thursday after the Federal Reserve raised interest rates for the first time in more than three years. The dollar index reached 100.36 against its major peers after gaining 0.7% overnight. That

The Federal Reserve concluded its scheduled two day monetary policy meeting on Wednesday, maintaining its key interest rate benchmark target range while releasing updated quarterly economic projections. The decision by the Federal Open Market Committee reflects ongoing evaluations of national

Costco has raised the online price of its Kirkland Signature full synthetic motor oil to $57.99 for a 10-quart case. The package contains two 5-quart bottles and comes in several common viscosity grades. Costco now limits members to one transaction

U.S. stocks closed lower Monday as artificial intelligence shares and chipmakers fell sharply. The S&P 500 lost 0.5% to 7,619.98. The Dow Jones Industrial Average dropped 152.09 points, or 0.3%, to 52,421.20. The Nasdaq Composite fell 0.6% to 26,186.41. Losses

The benchmark 10-year U.S. Treasury yield briefly climbed above 5% on Monday, returning to a level last touched in October 2023. Before that episode, it had not traded firmly above 5% since 2007. The yield later retreated, and the U.S.

Prime Minister Mark Carney outlined a reinforced federal agenda to accelerate domestic manufacturing and secure supply chain independence in response to U.S. trade restrictions. The plan incentivizes domestic capital allocation, supports critical infrastructure, and expands non-U.S. export routes to maintain