Fox News' Steve Harrigan reports on Iran-backed Houthis threatening oil shipping routes and infrastructure after securing territory along the key Bab el-Mandeb Strait on ‘The Story.’

Oil prices climb above $103 after Saudi Arabia shuts its critical East-West pipeline following drone attacks, threatening roughly 4% of global supply as tensions intensify around key Middle East energy routes.

Saudi Arabia is seeking to further boost oil supply through the Strait of Hormuz after attacks forced it to halt a key pipeline that’s been the main means of getting its crude to global markets during the Iran war,

A crucial Saudi oil pipeline that was struck in an attack will be mostly out of service for weeks as the damage is repaired, two regional officials said Monday, as Yemen’s Houthi rebels seized more islands along Red Sea shipping routes in a new blow to Saudi Arabia’s oil exports.

The benchmark 10-year Treasury note yield was down more than 2 basis points at 4.973%, while the yield on the 30-year Treasury bond fell more than 1 basis point to 5.347%. The 2-year Treasury note yield dropped more than 2 basis points to 4.

US stocks fell on Tuesday as investors looked ahead to the Federal Reserve’s interest-rate decision and rising Treasury yields added pressure to equity valuations. The Dow Jones Industrial Average fell 330.

The US 10-year Treasury yield hit its highest level since 2007 on Tuesday, as oil prices jumped above $105 a barrel and stocks slumped on higher odds of an interest-rate hike this week. The 10-year Treasury yield was at 5% as of the afternoon.

The US 10-year Treasury yield on Monday briefly surged past 5% for the first time since 2023 — goosed by rising diesel prices in a rally that could boost borrowing costs for mortgages and auto loans.

American Action Forum president Douglas Holtz-Eakin and Evenflow Macro managing partner Marc Sumerlin discuss Federal Reserve chair Kevin Warsh's potential steps before the September meeting and the AI regulation debate on 'Kudlow.

The White House, for now, is playing nice. National Economic Council Director Kevin Hassett told CNBC on Tuesday that he and the president would respect Fed Chair Kevin Warsh regardless of what the central bank decides to do with rates.

Kevin Warsh, chairman of the US Federal Reserve, walks the grounds during the Kansas City Federal Reserve's Jackson Hole Economic Policy Symposium in Moran, Wyoming, US, on Friday

While Federal Reserve Chair Kevin Warsh has sought to inject some mystery into the central bank's communications with markets, an American Banker analysis shows that officials other than the chair have been speaking more and more frequently over the last few decades.

The British pound was little changed against the euro and the ‌dollar on Wednesday as underlying readings of UK inflation held steady in August, even as headline consumer price inflation accelerated to a five-month high.

UK inflation accelerated in August, adding pressure on households and policymakers just one day before the Bank of England is expected to announce its latest interest rate decision. Official figures released

Britain's labour market remains weak with job vacancies falling to ​a four-year low and pay growth holding ‌steady, official data showed on Tuesday, days before a Bank of England interest rate announcement.

Britains labour market remained weak heading into the Bank of Englands latest interest rate decision, with job vacancies falling to a four-year low and wage growth staying subdued. Average weekly earnings excluding

And on September 14th he launched Africa’s biggest ever initial public offering (IPO) for Dangote Petroleum Refinery, to give the mega-project its official name, hoping to raise $1.6bn at a valuation of nearly $50bn.

Finally, Aliko Dangote’s oil refinery has attained its ambitious expansion drive, with the Nigerian billionaire launching what is deemed Africa’s largest share sale to date. As reported by PanaGenius,

Dangote Petroleum Refinery and Petrochemicals FZE has officially opened its initial public offering (IPO), launching Africa’s largest-ever share sale. The public subscription window will run from

Nigerian industrialist Aliko Dangote opened his refinery to public ownership Monday with plans to raise $1.6 billion from retail investors across the continent in Africa's biggest initial public offering,

Social Security beneficiaries face a possible 22% benefit cut in just six years, if the estimates in the latest Trustees' Report prove accurate. There are few seniors who wouldn't be devastated by a blow like this,

Following last week's release of August's inflation data, a couple of forecasts for 2027's COLA have recently been updated. The implied number is certainly close enough for Social Security recipients to start thinking about even before the official number is announced in October.

We don’t yet know the exact COLA that Social Security will use in 2027, since it will be based on the CPI levels in July, August and September of this year, and the last of these inputs won’t be announced until October.

A CRFB report maps Social Security cuts by state, with monthly losses ranging from $459 to $556 by 2032. See which states face the deepest hit.