Fourth-quarter GDP revised down to just 0.7% growth; January core inflation was 3.1%
The PCE price index for January was expected to show headline inflation at 2.9% and core at 3.1%. ...
Economy
Plans for record emergency oil release signal Middle East war could drag on for months
The degree to which the IEA acted is being interpreted that the conflict could continue for many weeks, said analysts.…
Trump administration launches Section 301 trade probes into Mexico, China, EU, others
The Supreme Court, in a 6-3 ruling, said President Trump was not authorized by the International Emergency Economic Powers Act,…
Brent crude hits $100 a barrel as reserve release plans fail to ease Iran war-led supply worries
The IEA said Wednesday that its 32 member countries would release 400 million barrels of oil from emergency reserves. ...
Oracle stock jumps 7% on earnings beat and increased guidance as cloud revenue climbs 44%
Oracle boosted its revenue backlog total by $30 billion during the February quarter. ...
Thom Tillis refuses to budge on blocking Fed chair pick Kevin Warsh confirmation
President Trump tapped Kevin Warsh as the next chairman of the Federal Reserve. It's unclear if the Senate will confirm…
Oil retreats even after Energy Secretary wrongly claims Navy escorted tanker through Strait of Hormuz
The International Energy Agency will hold an extraodrinary meeting on Tuesday to discuss a possible release of emergency stockpiles. ...
TSA staff shortages lead to hourslong security lines for travelers at some airports
Travelers are facing hourslong waits at some airport security lines amid TSA staffing shortages. ...
Congressional Democrats demand reversal of Russian oil sales into India as energy prices soar
Russia is reportedly helping Iran target U.S. forces in the Middle East, and could now benefit from a windfall of…