U.S. Stocks Drop as Treasury Yields Surge
Stocks fell as the 10-year Treasury yield jumped back over 5% to the highest level since 2007.
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A Perfect Storm Is Raging in the Bond Market
The benchmark Treasury yield jumps above 5.1%, posting its biggest one-day rise in more than a year.
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Fed's Barr Says More Rate Hikes Likely Needed to Return Inflation to Target
Federal Reserve Gov. Michael Barr said the economy has experienced a series of shocks over the past year and a half that has contributed to upward price pressures.
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Iran's President Says Open to Talks but Won't Bow to U.S.
Masoud Pezeshkian spoke at the U.N. a day after U.S. and Iranian officials held indirect talks and hours after a deadly attack on a commercial ship in the Strait of Hormuz.
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Energy Secretary Hints at Voluntary Cap on Diesel Exports, Rather Than Ban
The oil industry is warning that a ban risks creating unintended consequences that would throttle fuel supplies.
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Dollar Jumps to 8-Week High on Fed Rate-Hike Bets
The U.S. dollar rose to its highest level since late July against a basket of currencies Wednesday as markets bet on the Federal Reserve raising interest rates further.
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Oil Prices Rebound Amid Persistent Middle East Supply Risks
Oil prices rose as investors weighed the prospect of improved Saudi export flows and U.S.-Iran diplomacy against the potential for further disruptions.
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The Global Fuel Crisis Is Driving Up the Costs of Home Heating Oil, Too
Homes in the Northeast and Alaska are especially dependent on heating oil in winter.
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U.S. Crude Oil Stockpiles Post Unexpected Build
Commercial crude oil stocks rose by 3 million barrels last week. Analysts had expected crude stocks to fall by 500,000 barrels.
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Global Economy Stronger Than Expected, But Threats Mount, OECD Says
A lengthy conflict in the Middle East in combination with other headwinds could take a big toll on activity around the world, the Paris-based research body said.
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U.S. Regulators Plan Major Move to Speed Authorizations of Vapes, Tobacco Pouches
The move comes despite lawmakers voicing concern about recent flavor approvals.
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Business Surveys Point to Surprise Pickup for Eurozone
Eurozone business activity rose in September at its fastest pace in almost three-and-a-half years.
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AI Cycle Set to Offset Energy Hit for Asia Economies
S&P raised its baseline projection for Asia's 2026 gross domestic product growth to 4.6%, but noted that projections for strong growth this year and next don't mask the challenges.