Futures Movers: Oil prices gain as EIA reports smallest weekly crude supply climb in 5 weeks
Oil futures head higher on Wednesday, finding support after the Energy Information Administration reported the smallest weekly climb in U.S. crude supplies in five weeks.
: Lawmakers consider plan to raise Social Security’s full retirement age to 70
According to a media report, the potential proposal calls for creating a sovereign-wealth fund and changes to ways benefits are calculated.
The Fed: Fed’s Bostic sees needs for interest rates to be raised to 5%-5.25% range
Atlanta Fed President Raphael Bostic on Wednesday said the Fed needs to raise the federal funds rate to between 5% and 5.25% and no rate...
Economic Report: Work at U.S. factories shrinks for fourth straight month, ISM finds
A key barometer of American factories was negative for the fourth month in a row at 47.4%, as manufacturers cut back on production to cope...
: Lilly to cut price of insulin for people with commercial health insurance
Eli Lilly & Co. said Wednesday that is capping out-of-pocket insulin costs to $35 for people with commercial health insurance at certain retail pharmacies.
: Fed’s Kashkari says ‘open-minded’ about size of March interest rate hike
Minneapolis Fed President Neel Kashkari said Wednesday he is 'open-minded' about whether the Fed should raise interest rates by 25 or 50 basis points.
Economic Report: U.S. construction spending falls slightly in January
Construction spending fell 0.1% in January, the U.S. Commerce Department reported Wednesday.
Metals Stocks: Gold climbs to kick off March after worst month since 2021
Gold prices advance Wednesday on the first session of March after booking their biggest monthly decline since June 2021.
: ‘The risk of a deep housing slide persists’: Dallas Fed says downturn in U.S. and German housing markets could affect the rest of the world
Researchers at the Federal Reserve Bank of Dallas found 'evidence of exuberance' and warned that may have implications for the rest of the world.