After socking away savings during the aftermath of the COVID-19 crisis, American households and businesses are watching their financial cushions rapidly deteriorate as prices have soared and the Federal Reserve has substantially raised the cost of borrowing money.
S&P Global Ratings lays out 4 domestic options for putting a damper on a surging U.S. dollar that’s wreaking economic and market havoc. But there’s a problem.
Oil futures climbed Friday for a fifth session in a row to post a strong gain for the week after the recent decision by major oil producers to cut output.
The chip sector melted down Friday after U.S. regulators moved to pump the brakes on China’s military ambitions by issuing new restrictions on semiconductor and AI technology that can be sold to the country.