Browsing: Business

Artificial intelligence is becoming a larger force in economic growth, investment and labor markets, according to the International Monetary Fund. The IMF said AI-related technology spending added about 0.5 percentage point to U.S. GDP growth in 2025. Private investment in

Oil prices fell sharply Monday, sending global crude benchmarks to their lowest levels in 12 days. November Brent crude settled at $100.34 a barrel, down $3.53, or 3.4%. October West Texas Intermediate fell $4.52, or 4.51%, to $95.78 a barrel.

India warned Washington that proposed tariffs on countries purchasing Russian crude oil could harm bilateral relations and disrupt global commodity trade. The statement followed the passage of the Sanctioning Russia and Iran Act of 2026 by the United States House

Federal Reserve policymakers held key benchmark interest rates steady at the conclusion of their policy meeting, pairing the decision with updated macroeconomic projections for domestic growth and inflation. The Federal Open Market Committee weighed persistent consumer price pressures against steady

U.S. stocks ended lower Wednesday after the Federal Reserve raised its benchmark interest rate by 25 basis points. The decision lifted the federal funds target range to 3.75% to 4.00%. The Dow Jones Industrial Average dropped 631.21 points, or 1.21%,

The U.S. dollar rose to a seven-week high on Thursday after the Federal Reserve increased interest rates. The dollar index reached 100.36 against a basket of major currencies. It had gained about 0.7% during the previous session. The move marked

Costco has raised the online price of its Kirkland Signature full synthetic motor oil to $57.99 for a 10-quart package. The case contains two 5-quart bottles and covers several widely used viscosity grades. Costco also placed a purchase limit on

U.S. stocks ended lower Monday as declines in artificial intelligence and semiconductor shares weighed on major indexes. The S&P 500 fell 0.5% to 7,619.98. The Dow Jones Industrial Average lost 152.09 points, or 0.3%, to 52,421.20. The Nasdaq Composite dropped

The benchmark 10-year U.S. Treasury yield briefly moved above 5% on Monday, reaching a level last seen in October 2023. Before that period, the yield had not held above 5% since 2007. It later eased, with the official Treasury curve

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