Finance

The European Union agreed to hit Moscow with another round of sanctions and issue a price cap on Russian oil exports in an attempt to target its war chest.

Risk aversion amid growing fears about a global recession has sent investors fleeing toward the greenback as a safe haven, but a strong U.S. dollar has both pros and cons.

In an effort to get Iran to rejoin the 2015 Nuclear deal the US has imposed sanctions on companies involved with Iran's oil production including some from China.

The World Bank expects developing economies in East Asia to grow faster than China, because of it's zero-COVID policies, for the first time since 1990.

The national median asking rent climbed to a record high in August, up 11% compared with a year ago. However, some renters are seeing surges that are more than double that.

U.S. investor sentiment has dropped to its lowest level since the 2008 financial crisis as the Federal Reserve raises interest rates, according to Goldman Sachs analysts.

Japan intervened in the foreign exchange market to buy yen for the first time since 1998, to shore up the battered currency against the strong US Dollar.

Amid today's latest Federal Reserve rate hike plus high inflation, personal finance expert and author Dave Ramsey shared advice for American consumers about getting their credit card balances down.

The Federal Reserve increased interest rates once again to the 3% to 3.25% range. This has many ramifications for consumers and their purchasing activities.

After a pandemic and now record-high inflation, many Americans are piling up credit card debt to cover expenses and pay bills. Yet this is not wise — here's how to break the cycle.

Starlink will seek exemptions from sanctions on Iran so that the internet service can be provided to the country, SpaceX CEO Elon Musk said on Monday.

The Carlyle Group co-founder David Rubenstein forcasted that the Fed will raise interest rates another 75 basis points at its September FOMC meeting.

The Chinese government is planning on sanctioning the chief executives at Boeing Defense and Raytheon for their roles in selling arms to Taiwan, which China sees as a threat.

Former White House OMB director Russ Vought argued Biden's continuous spending and bad regulations make the Fed's job of reducing inflation much harder.

Russia and China are expected to continue their energy cooperation despite international sanctions that not only target Moscow but entities that work with it amid its war in Ukraine.

FOX Business host Larry Kudlow voiced his concerns over some economic and climate change policies and called out Janet Yellen's leadership on "Kudlow."

Scott Hodge, a senior policy adviser at the Tax Foundation, argues that better tax policies would help fight inflation without triggering a recession.

Russia claimed Monday that Western sanctions have prevented Gazprom from doing necessary maintenance on Nord Stream 1, which carries natural gas to Germany.

The euro dropped to the lowest level in two decades on Monday after Russia abandoned a deadline to resume supply of natural gas to Germany through a key pipeline.

Federal Reserve Vice Chair Lael Brainard said Monday she expects the agency's new real-time payments system FedNow to go live between May and July 2023.