LIRR Strike Ends as Deal Reached With MTA
After three days without raises since 2022, 3,500 workers secure a tentative contract, but Tuesday commutes across Long Island and New York City will stay disrupted.
Economic News
Stay informed with the latest economic news, market trends, financial reports, and analysis of global economic events.
Iran War Cripples Qatar's Gas Export Economy
Iranian attacks and the stoppage of seaborne transit have paralyzed Qatar’s vital gas exports, stalling the economic pivots intended to anchor the country’s growth.
Ondo Finance Endorses Clarity Act in Crypto Regulation Shift
The tokenization firm called the legislation a landmark moment after Senate Banking Committee approval on May 14.
Trump-Xi Summit Opens in Beijing With Trade in Focus
US President Donald Trump met Chinese President Xi Jinping in Beijing for talks on easing tariffs and extending an October trade truce, attended by CEOs Elon Musk and Jensen Huang.
IEA Warns Oil Supply Will Lag Demand Amid Iran War
The Paris-based agency forecasts a 1.78 million barrel per day shortfall in 2026 as Middle East output losses trigger rapid inventory draws.
US Inflation Spikes in April, Lifting Yields and Rattling Markets
Hotter-than-expected CPI and PPI readings for April pushed Treasury yields higher and left stocks mixed despite tech gains, with rate-hike odds climbing toward 39 percent.
Senate Confirms Kevin Warsh as New Fed Chair
The 54-45 vote installs the former governor amid Trump pressure for lower rates despite rising inflation from geopolitical tensions.
India Raises Gold and Silver Import Duties to 15%
The government increased tariffs on gold and silver to 15 percent from 6 percent effective May 13, 2026 to curb imports and bolster the rupee against oil price shocks.