Browsing: Business

The U.S. dollar climbed to a seven-week high on Thursday after the Federal Reserve raised interest rates for the first time in more than three years. The dollar index reached 100.36 against its major peers after gaining 0.7% overnight. That

The Federal Reserve concluded its scheduled two day monetary policy meeting on Wednesday, maintaining its key interest rate benchmark target range while releasing updated quarterly economic projections. The decision by the Federal Open Market Committee reflects ongoing evaluations of national

Costco has raised the online price of its Kirkland Signature full synthetic motor oil to $57.99 for a 10-quart case. The package contains two 5-quart bottles and comes in several common viscosity grades. Costco now limits members to one transaction

The benchmark 10-year U.S. Treasury yield briefly climbed above 5% on Monday, returning to a level last touched in October 2023. Before that episode, it had not traded firmly above 5% since 2007. The yield later retreated, and the U.S.

U.S. stocks closed lower Monday as artificial intelligence shares and chipmakers fell sharply. The S&P 500 lost 0.5% to 7,619.98. The Dow Jones Industrial Average dropped 152.09 points, or 0.3%, to 52,421.20. The Nasdaq Composite fell 0.6% to 26,186.41. Losses

Prime Minister Mark Carney outlined a reinforced federal agenda to accelerate domestic manufacturing and secure supply chain independence in response to U.S. trade restrictions. The plan incentivizes domestic capital allocation, supports critical infrastructure, and expands non-U.S. export routes to maintain

Brent crude remained above $100 a barrel on Friday as supply disruptions continued to tighten the global oil market. Brent futures traded at $105.62 a barrel by 0555 GMT, down 1.9% from the previous close. U.S. West Texas Intermediate crude

U.S. stocks extended their decline Wednesday after a sharp selloff pushed the Dow Jones Industrial Average down 628 points Tuesday. The Dow fell another 0.77% to 52,381.02, while the S&P 500 lost 0.48%. The Nasdaq Composite declined 0.64% as selling

United States Treasury yields traded in a narrow, mixed range on Monday as global fixed-income markets evaluated recent policy maneuvers by U.S. Treasury Secretary Scott Bessent and Federal Reserve monetary policy expectations. Benchmark 10-year Treasury yields hovered near key multi-decade

Athletic apparel retailer Lululemon Athletica Inc. reported its fiscal second-quarter 2026 financial results, posting earnings per share that topped Wall Street forecasts while missing revenue targets. Net revenue declined 4% year-over-year to $2.42 billion, falling short of analyst consensus expectations