Oil prices have been volatile since the start of the war. Iran’s actions have effectively stopped cargo traffic through the narrow Strait of Hormuz, where a fifth of the world’s oil typically sails.

Separately, consumer spending grew modestly in January, rising 0.4%, but just 0.1% after adjusting for inflation. Incomes, after adjusting for taxes and transfers, jumped 0.9% as tax withholding fell ...

In a huge blow to Trump's DOJ, Federal Judge James Boasberg quashed the grand jury subpoenas in the DOJ's probe into Federal Reserve chair Jerome Powell. MS NOW's Ari Melber is joined by Jelani Cobb, ...

President Donald Trump on Friday signed a pair of executive orders aimed at showing his commitment to improving home affordability — a key issue for many voters going into November’s election for ...

In his ruling, Judge James Boasberg agreed, saying prosecutor Jeanine Pirro had presented "no evidence" to justify her demands for information from the Fed. Pirro said she would appeal against the ...

Judge James Boasberg said that the government has “produced essentially zero evidence to suspect Chair Powell of a crime” and called its justifications for the subpoenas so “thin and unsubstantiated” ...

WASHINGTON (AP) — The White House wants to build an underground center to provide security screening for visitors, the latest step in the Trump administration’s plan to overhaul the grounds.

The US stock market is expected to open flat as investors monitor Middle East tensions and await inflation data. The S&P 500, Dow Jones, and Nasdaq suffered losses previously, with crude oil prices ...

A federal judge ruled Friday that the Trump administration unlawfully took the position last year that it couldn’t request more funding for the Consumer Financial Protection Bureau (CFPB). U.S.

A federal judge called the government case "improper" and designed to force Federal Reserve Chair Jerome Powell to cut interest rates or resign. President Trump has railed against him since returning ...