Federal Reserve officials are leaning toward pausing interest-rate increases at their meeting in June amid heightened uncertainty over the outlook, but signaled they aren’t yet ready to call an end to their battle against stubborn inflation.
President Joe Biden is nominating General Charles Q. Brown Jr. as the next chairman of the Joint Chiefs of Staff, a senior administration official said, seeking to elevate the Air Force chief to become the nation’s most senior military officer.
(Bloomberg) — Federal Reserve Bank of Atlanta President Raphael Bostic said the central bank will need to be flexible as it considers whether to raise interest rates further.
European Union nations must strengthen measures to reduce gas and electricity demand to speed the green-energy transition, according to two non-profit groups.
IQiyi Inc. is again exploring a second listing in Hong Kong just as China’s answer to Netflix Inc. looks on track to reverse years of losses.
Indonesia’s central bank is expected to keep its benchmark rate unchanged near a four-year high as economic growth remains resilient while the rupiah experiences bouts of selling pressure.
Colombian natural gas reserves fell to the lowest since at least 2007 and oil reserves also dropped, putting pressure on President Gustavo Petro to rethink his ban on new fossil-fuel exploration.
US stocks and bonds fell on Wednesday as traders weighed the possibility of a US recession from either a US debt default or higher interest rates from the Federal Reserve.
Connecticut residents may see reduced commuter-rail service to Manhattan if state lawmakers cut funds that help the Metropolitan Transportation Authority operate its New Haven Line.
The global oil map is being redrawn as the long-run impact of western sanctions channels more barrels from Russia to Asia’s largest economies, with China also taking crude from Iran and Venezuela.
