Browsing: Business

The U.S. dollar rose to a seven-week high on Thursday after the Federal Reserve increased interest rates. The dollar index reached 100.36 against a basket of major currencies. It had gained about 0.7% during the previous session. The move marked

U.S. stocks ended lower Wednesday after the Federal Reserve raised its benchmark interest rate by 25 basis points. The decision lifted the federal funds target range to 3.75% to 4.00%. The Dow Jones Industrial Average dropped 631.21 points, or 1.21%,

Costco has raised the online price of its Kirkland Signature full synthetic motor oil to $57.99 for a 10-quart package. The case contains two 5-quart bottles and covers several widely used viscosity grades. Costco also placed a purchase limit on

The benchmark 10-year U.S. Treasury yield briefly moved above 5% on Monday, reaching a level last seen in October 2023. Before that period, the yield had not held above 5% since 2007. It later eased, with the official Treasury curve

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

Oil prices remained above $100 a barrel on Friday as supply disruptions kept global crude markets tight. Brent crude futures fell 1.9% to $105.62 a barrel by 0555 GMT. U.S. West Texas Intermediate crude declined 1.4% to $101.10. Both benchmarks

Wall Street extended its decline Wednesday after the Dow Jones Industrial Average lost 628 points in the previous session. The Dow fell another 0.77%, while the S&P 500 dropped 0.48% and the Nasdaq Composite declined 0.64%. The losses followed a

Treasury yields stabilized in subdued trading as fixed-income markets weighed U.S. Treasury Secretary Scott Bessent’s fiscal management strategy against broader macroeconomic headwinds. Despite recent liquidity support through doubled long-end Treasury buybacks, long-term borrowing costs remained elevated near multi-decade peaks amid

Wall Street stocks finished higher Wednesday as major U.S. indexes recovered from three consecutive sessions of losses. The Dow Jones Industrial Average climbed 295.01 points, or 0.56%, to 53,061.89. The S&P 500 gained 35.16 points, or 0.46%, to close at

Gold rose more than 1% on Thursday, extending a rebound from its lowest level in nearly a month. Spot gold gained 1.1% to $4,434.70 an ounce by 04:25 GMT. U.S. gold futures climbed 1.5% to $4,480.10. The U.S. dollar weakened