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Category: Economy

Economy

Bank of America ordered to pay historic $1.2 billion fine over alleged sanctions and anti-money laundering violations

Bank of America was ordered Tuesday to pay $1.2 billion to the Treasury Department, which said it violated anti-money laundering…

Economy · Oct 15, 2026
Economy

Wall Street, crypto firms could face scrutiny if Democrats win majorities in midterms

A Democratic victory in one or both chambers of Congress would not stop President Donald Trump’s administration from handing regulatory…

Economy · Oct 14, 2026
Economy

Trump eases Russia sanctions, says Putin will release diesel supplies amid unprecedented price spike

President Donald Trump said Friday that Russian President Vladimir Putin would “immediately” release hundreds of thousands of tons of diesel…

Economy · Oct 13, 2026
Economy

Trump’s pledge not to strike Iran before midterms fails to soothe oil markets

President Donald Trump’s surprise pledge that the United States would not resume airstrikes against Iran before the midterm elections failed…

Economy · Oct 12, 2026
Economy

Americans are set to spend more this holiday season than ever. Thank inflation and tariffs.

Americans are projected to spend more money than ever this holiday season. But that’s not necessarily because they will be…

Economy · Oct 11, 2026
Economy

Trump’s moves to boost diesel supplies have not yet lowered prices

U.S. diesel prices remain at near record highs, up 70% since the U.S.-Israeli war on Iran began despite two high-profile…

Economy · Oct 10, 2026
Economy

AI boom and soaring debt push U.S. Treasury yields to highest levels since 2002

The yields on key U.S. Treasury bonds touched fresh 24-year highs Wednesday as the latest global bond sell-off picked up…

Economy · Oct 9, 2026
Economy

S&P 500 closes at record high as Nvidia nears $6 trillion milestone

The S&P 500 hit a record Tuesday as it rose for a fourth straight day, supported by rising technology stocks,…

Economy · Oct 8, 2026
Economy

Aiming at fuel costs, Trump opens tax-exempt ‘red dye’ diesel to all drivers

President Donald Trump signed an executive order Monday that is intended to help bring down sky-high diesel prices by allowing…

Economy · Oct 7, 2026

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