The U.S. Treasury Department building in Washington. Saul Loeb | Afp | Getty Images The U.S. budget deficit surpassed $1 trillion for the fiscal year through February but was sharply lower than the same period a year earlier, Treasury Department data showed Wednesday. Outlays exceeded receipts by $308 billion in February, roughly in line with…
The war in Iran could raise global food prices as the conflict disrupts fertilizer shipments through one of the world’s most critical trade routes. While energy markets have focused on oil supply risks, analysts say threats to fertilizer supply chains through the Straight of Hormuz may also bring long-term economic issues through food inflation. “Beyond…
This time last year, Victoria Chege’s career with the federal workforce ended nearly as soon as it had started. Chege took her role with the Department of Health and Human Services in December 2024. By February 2025, she became part the “Valentine’s Day massacre.” That’s what some federal staffers call the weekend when tens of…
Homes in suburban Chicago, April 26, 2023. Brian Cassella | Tribune News Service | Getty Images A major housing affordability bill poised to clear the Senate as soon as Thursday will hit a wall in the House, in part over concerns about a ban on major investors from buying single-family homes. During a meeting at…
These are some of the stocks posting the largest midday moves. <
High gas prices are listed at Chevron gas station in Los Angeles on March 9, 2026, as gasoline prices surge amid the ongoing war with Iran. Frederic J. Brown | Afp | Getty Images “I don’t get any sense that inflation is decelerating,” said Mark Zandi, chief economist at Moody’s. “It feels like it’s uncomfortably…
Analysts from Morgan Stanley came away from the Wall Street bank’s big tech conference last week with greater conviction on a handful of tech companies. In early March, Morgan Stanley hosted its annual Technology, Media & Telecom conference in San Francisco, where dozens of companies, including Microsoft , Nvidia , and Walmart , gave their…
U.S. Interior Secretary Doug Burgum speaks as he attends with Venezuela’s interim President Delcy Rodriguez (not pictured) to deliver statements at Miraflores Palace, in Caracas, Venezuela, March 4, 2026. Leonardo Fernandez Viloria | Reuters U.S. Interior Secretary Doug Burgum said Wednesday that the International Energy Agency should release oil stockpiles to address the massive supply…
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during the America Business Forum in Miami, Florida, US, on Thursday, Nov. 6, 2025. Eva Marie Uzcategui | Bloomberg | Getty Images JPMorgan Chase is reducing its exposure to the private credit industry by marking down the value of loans held by the bank as…
Jensen Huang, chief executive officer of Nvidia Corp., speaks during the 2026 CES event in Las Vegas, Nevada, US, on Tuesday, Jan. 6, 2026. Siemens and Nvidia announced an expansion of their strategic partnership to develop industrial and physical AI solutions to bring AI-driven innovation to industrial workflow. Photographer: Bridget Bennett/Bloomberg via Getty Images Bloomberg…
