Economy

Oil shipments through Strait of Hormuz have hit six-month high: CENTCOM

Oil and gas shipments through the Strait of Hormuz have reached their highest level in six months, according to U.S. Central Command, as the military works to reopen the critical energy chokepoint amid the ongoing conflict with Iran.

The best beauty sales worth buying this fall, picked by our editors

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Higher interest rates and AI safety fears put the stock market to the test last week

Investors wrestled with the prospect of a new Fed rate-hiking cycle and the raging debate on whether to slow down AI.

To Ease Long-Term Drug Pricing Pressure, Extend Patent Terms by 10 Years Now

Congress protects song lyrics for nearly a century. Yet life-saving medical inventions, the result of years of scientific risk and billions in investment, expire after just 20 years from filing. That imbalance isn’t just hard to justify. It’s quietly driving up drug prices and weakening incentives for innovation where America needs it most.

Student loan borrowers exiting SAVE may face sharply higher payments if they don't take action soon

Millions of student loan borrowers could see their monthly bills skyrocket if they don't move into an affordable repayment plan soon. Here's what to know.

The S&P 500 just logged another losing week, yet these stocks could be due for a bounce

Another losing week has dragged certain individual stocks to levels where they might find some support.

Consumer sentiment is in the dumps despite a solid economy. Goldman Sachs blames 'lower happiness'

Goldman economist Joseph Briggs said broader pessimism in society may be contributing to struggling consumer sentiment even as the economy chugs along.

Buffett takes next step in plan to keep Berkshire from straying

Warren Buffett steps down as Berkshire Hathaway's chairman, passing the job to his son, Howard.

Kevin Warsh may be the adult in the room. But can he calm the US economy?

Fed chair presided over unanimous decision to raise interest rates despite intense campaign from White House

Paramount could settle with states over Warner Bros. as soon as this weekend, sources say

A settlement this week could help Paramount avoid paying millions of dollars in fees to Warner Bros. shareholders, Reuters reported.

'A losing battle': will UK public service broadcasters survive amid US onslaught?

Jobs and programme budgets in firing line at BBC, Channel 4 and ITV as they are outgunned by YouTube and Netflix

The Fed just ended Washington’s cheap-money era

The Federal Reserve’s decision Wednesday to raise its benchmark interest rate by a quarter percentage point to 4% surprised almost no one. Inflation is considerably above the Fed’s 2% target. Economic activity is expanding at a solid pace. Capital investment is robust, job gains have kept pace with the workforce, and unemployment has changed little. The vote was unanimous.