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The dollar index reached 102.58, its highest level since April 2025, rising 0.37%, as investors sought safe havens following escalating attacks in the Middle East.
Driving the news: Oil prices were volatile after Yemen’s Houthis increased strikes on Saudi Arabia and attacks on two tankers over the weekend; Brent crude remains nearly 45% above pre-US...
Long-term U.S. Treasury yields have jumped sharply since late February, with 10-year yields up about 130 basis points and 30-year yields rising 100 basis points, driven by war-induced oil price spikes and expectations of multiple Federal Reserve rate hikes.
Higher yields have pushed 30-year mortgage rates to a nearly three-year high of 7.4%, discouraging homeowners ...
Federal agents searched Rep. Ilhan Omar’s Washington, D.C., home on Monday as part of a yearslong criminal investigation involving Homeland Security Investigations, the U.S. Attorney in Minneapolis, and the Department of Justice.
The probe reportedly includes whistleblowers, documents, and witness testimony and is partly focused on immigration and fraud, although it...
Starbucks publicly stated it will not acquire Chipotle Mexican Grill, addressing speculation about a potential blockbuster restaurant deal.
“As a matter of policy, we don’t comment on rumors and speculation, but we want to be clear we are not buying Chipotle,” a Starbucks spokesperson said in a statement.
Driving the news: The statement fo...
Fresno lawmakers have decided to wait until after the November election to consider starting the process to increase water and wastewater services rates.
The Fresno City Council voted on Tuesday to table the discussion until Nov. 5 in order to have an idea of where the city will stand financially with the results of two ballot measures that will be decided two days...