Oil prices rise as Brent climbs to $72.49

Oil prices opened the week higher on Monday, with both Brent crude and US West Texas Intermediate (WTI) posting gains. Brent crude futures rose 50 cents, or 0.69 per...

Warsh can’t succeed without help from White House

Kevin Warsh faces a truly daunting task. The new chairman of the Federal Reserve must avoid provoking a president he had to charm to get the job. He needs...

The mood

Corporate America is no meritocracy

Back in 2008, there were 12 women running Fortune 500 companies. Even though that equaled a measly 2.4%, it was still progress. A decade earlier, that number was 0.4%,...

Broke or not

Airlines, business groups warn of chaos if US restricts flights

Major airline, travel and business groups warned that barring border processing at Newark or other major US airports ​could lead to chaos, strand thousands of tourists and Americans trying...

Fed policymakers eye possible rate hike as inflation risks rise

WASHINGTON: Federal Reserve officials continued to signal the ‌US central bank may need to raise interest rates in the future if the war leads to a persistent increase in...

Gas tax suspension would provide welcome relief

I’m not a knee-jerk anti-tax fellow. While no one enjoys paying taxes, I recognise that federal, state and local levies fund a broad range of critical needs, from schools,...

US inflation firming as Iran war drives up energy prices

US inflation increased at its fastest pace in three years in April, driven by higher energy prices amid the war with Iran, and ‌cementing economists' views that the Federal...

US dollar expected to break higher amid Fed inflation fight

NEW YORK: The US dollar, long stuck in a tight trading range, could be in for a break higher as the Federal Reserve shifts its focus to fighting worrisome...