U.S. Treasury Downplays Role of Crypto in Financing Palestinian Militant Groups
Finance
FinCEN Report Unveils Bitcoin's Role in Human Trafficking and Child Exploitation
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Gold Prices Plunge Below $2,000 as Stubborn Inflation Dashes Rate Cut Hopes
"Gold prices tumbled below the critical threshold of $2,000 per ounce, marking the lowest point in two months, as a U.S. inflation report that exceeded expectations dampened hopes for an imminent reduction in interest rates by the Federal Reserve. -
Dow Faces Sharp Decline Amid Hotter-Than-Expected Inflation Data
"The stock market experienced a significant downturn on Tuesday, with the Dow Jones Industrial Average plummeting over 500 points, marking one of its steepest declines since March 2023. This sell-off was spurred by unexpectedly high inflation data for January, which has cast doubts on the anticipated series of Federal Reserve rate cuts that many investors had been banking on to bolster the equity market.
The Latest
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Oil Prices Surge as Trump Weighs Renewed Iran Strikes Before Midterm Elections
Brent crude rose 4.23% to $104.44 a barrel at 7:49 a.m. Eastern time, while West Texas Intermediate gained 4.40% to $92.16. Other early-trading readings put Brent above $105, up more than 5%, and U.S. crude near $93. 
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Trump Pushes Diesel Export Ban As Fuel Prices Soar, Demands 'Fast' Decision
President Donald Trump says he wants to ban U.S. diesel exports as soaring fuel prices put pressure on American drivers, truckers and farmers ahead of November's midterm elections. 
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Bitcoin Drives Crypto Market Back Above $3 Trillion as Leveraged Bets Hit $160 Billion
Bitcoin's strongest rally in months has lifted the cryptocurrency market back above $3 trillion, as institutional investors returned to spot exchange-traded funds and traders increased leveraged bets across digital assets. Bitcoin climbed nearly 8% Monday to as high as $87,381, its highest level in eight months, before easing to around $85,000 Tuesday. 
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Fed Poised for First Rate Hike in Three Years as Kevin Warsh Faces Trump Pressure and 5% Treasury Yields
Federal Reserve Chair Kevin Warsh is expected to back the central bank's first interest-rate increase in three years Wednesday, a move that would put monetary policy at odds with President Donald Trump's repeated demands for lower borrowing costs as stubborn inflation and a surge in Treasury yields pressure the Fed to act. 
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Oil Falls Below $108 as U.S. Inventories Rise and Saudi Arabia Offers Oman Route for Disrupted Exports
Oil prices fell Wednesday as an unexpected increase in U.S. fuel inventories and Saudi Arabia's effort to reroute crude exports through Oman eased some of the immediate supply anxiety that had pushed prices higher a day earlier. 
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U.S. stocks Fall as AI Slowdown Push Hits Tech and Saudi Pipeline Attack Sends Oil Above $107
U.S. stocks fell Monday as investors confronted two threats to a market already sensitive to interest rates: a push by some of Silicon Valley's biggest names to slow development of advanced artificial intelligence and another surge in oil prices after attacks disrupted a critical Saudi Arabian export route. 
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U.S. Diesel Hits Record $6.06 a Gallon as Iran War and Russian Supply Disruptions Tighten Fuel Market
U.S. diesel prices climbed above $6 a gallon for the first time Friday, as disruptions tied to the war with Iran and Ukrainian attacks on Russian energy infrastructure tightened global supplies of the fuel that powers much of the country's trucking, agriculture and industrial economy. 
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ECB Raises Rates to 2.5% as Iran War Drives Eurozone Inflation to 3.3%
The European Central Bank raised interest rates by a quarter percentage point Thursday, taking its benchmark deposit rate to 2.5% as surging energy costs from the war involving the U.S., Israel and Iran pushed eurozone inflation above 3% and forced policymakers to confront renewed price pressures alongside weak economic growth. 
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U.S. Oil Tops $100 As Iran War Escalation Rattles Markets
U.S. West Texas Intermediate crude jumped 4.7% to $100.63 a barrel, while Brent crude climbed 4.4% to $105.61. 
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Oil Tops $100 as U.S.-Iran Tanker Strikes Escalate, Goldman Warns Brent Could Hit $120
Oil prices climbed above $100 a barrel Wednesday for the first time since July as the U.S. and Iran intensified attacks on tankers and military targets around the Strait of Hormuz, raising the risk that a six-month conflict could further restrict one of the world's most important energy corridors. 
