Economy

Bank of England faces the 'most difficult combination,' says governor Bailey as energy prices soar

Bank of England policymakers must contend with the "most difficult combination" of economic effects, according to governor Andrew Bailey

California gas prices hit $6 per gallon as fuel costs jump nearly 30 cents in a week across the U.S.

Fuel costs are rising after it became clear that Iran is not reopening the Strait of Hormuz, one of the most important oil export corridors in the world.

Trump administration finalizes federal student loan caps—what it means for borrowers

The final regulation keeps a narrow definition of professional degrees that are subject to the higher annual and lifetime graduate loan limits.

Inside the Fed: Powell vows he won't be a 'shadow chair,' but a Warsh clash will be tough to avoid

When the Fed gathers again, it will mark the first time a sitting and former chair conduct business together in nearly 80 years.

Blue Owl shares surge after private credit firm cites 10X gains from SpaceX

Blue Owl said it's made 10 times its investment in SpaceX, which is headed for a record IPO later this year.

Hershey says GLP-1s are driving higher gum and mint sales

Sales of Hershey's Ice Breakers rose 8% in the first quarter, thanks to the trend.