Dallas Fed's Logan warns of potential rate hike Dallas Federal Reserve President Lorie Logan has raised the prospect of an interest rate increase later this year. Logan argues that monetary policy is not doing enough to bring inflation back to the Fed's 2% target.
Wyoming issues executive order to guide AI data center growth Wyoming Governor signed an executive order to support AI data center development. The order establishes a framework for developing data centers and advanced computing facilities. The state aims to attr
Symbolic US House resolution limits Trump’s Iran military authority as banks warn of potential $150 Brent crude amid Gulf tensions. The US House of Representatives passed a resolution restricting President Donald Trump’s war powers against Iran by a 215-208 vote. The measu
JPMorgan forecasts Strait reopening in June The Strait of Hormuz closure is pushing oil markets toward a supply tipping point. A prolonged closure could push Dated Brent to $150 per barrel. The closure remains a significant concern for the oil market, with a ceas
Cardano’s ADA token fell to $0.20, its lowest price in over five years, amid broader crypto declines and ecosystem struggles. Cardano’s ADA token slumped to $0.20, its lowest level since 2019, as cryptocurrency markets extended losses. The decline marks a 70% drop over the
Rising tensions in the Middle East and stronger US data push the USD higher while oil prices and Treasury yields rise. The US dollar firmed on Wednesday as geopolitical risks escalated, lifting oil prices and Treasury yields. The May ISM services index rose to 54.5, exceed
Fresh economic data sparks downturn concerns The stock market finished lower on Wednesday due to fresh strikes between the U.S. and Iran. Investors digested a fresh round of economic data, fueling concerns about the economy. The fragile ceasefire between th
Six states challenge the federal government’s decision to pay TotalEnergies $1 billion to terminate offshore wind leases. Six states filed a lawsuit against the Trump administration over its decision to cancel offshore wind leases and pay TotalEnergies nearly $1 billion to
Iran reports no progress in US talks Iran's foreign minister stated that contact with the US has not been severed. The two sides are studying exchanged texts. Oil prices rose 10% this week due to the lack of progress in negotiations.
Negotiations fail to advance as Lebanon demands ceasefire before discussions, delaying potential security talks at the Pentagon. Lebanon and Israel made no progress in Washington negotiations, skipping a planned joint declaration of intent. A Lebanese source said the deleg
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