Category: Business

Federal Reserve Chair Jerome Powell. Chip Somodevilla | Getty Images Federal Reserve officials get to voice their outlook this week on the future path of interest rates along with the impact that tariffs and Middle East turmoil will have on the economy. While any immediate movement on interest rates seems improbable, the policy meeting, which…

President Donald Trump on Wednesday said he gave Iran an “ultimatum” as he considers whether to order a U.S. strike against the country, amid its ongoing conflict with Israel. Meanwhile, the U.S. Embassy in Jerusalem began preparing for large-scale evacuations of Americans who want to leave Israel. “I may do it, I may not do…

Dado Ruvic | Reuters Iran’s largest cryptocurrency exchange, Nobitex, was hacked for more than $90 million Wednesday, according to blockchain analytics firm Elliptic. The funds were drained from platform wallets into addresses bearing anti-government messages explicitly referencing Iran’s Islamic Revolutionary Guard Corps, or IRGC, pointing to a politically motivated cyberattack, Elliptic said. Blockchain research firm…

Last Updated: June 18, 2025 at 1:02 p.m. ETFirst Published: June 18, 2025 at 8:05 a.m. ET A lot of things went right for U.S. inflation in May. The consumer-price index rose just 0.1% from April, and held under 2.5% in year-over-year terms for a third consecutive month. Some of the most volatile prices that consumers pay dropped, with…

William Watts is MarketWatch markets editor. In addition to managing markets coverage, he writes about stocks, bonds, currencies and commodities, including oil. He also writes about global macro issues and trading strategies. During his time at MarketWatch, Watts has served in key roles in the Frankfurt, London, New York and Washington, D.C., newsrooms. Adblock test…

Outside the Box Hospitals and outpatient clinics need to deliver their own spending cuts and cost savings Last Updated: June 18, 2025 at 12:48 p.m. ETFirst Published: June 17, 2025 at 7:35 a.m. ET Listen (8 min) In addition to Medicaid cuts, even Medicare cuts are on the table as Congress debates the healthcarespending provisions in President…

President Donald Trump slammed Federal Reserve Chair Jerome Powell on Wednesday ahead of the central bank’s interest rate decision, calling him “a stupid person.” “We have a stupid person, frankly, at the Fed,” Trump said. “He probably won’t cut.” The Fed will announce its latest decision on whether to cut interest rates on Wednesday. The…

ISKANDAR PUTERI: The future of artificial intelligence (AI), quantum computing and next-generation digital technologies depends heavily on robust infrastructure backed by collaborative partnerships between industry and government, said Microsoft’s regional legal director for the Asia-Pacific Jeth Lee. He said AI advancements are deeply rooted in physical infrastructure such as data centres, which remain essential to…

Amazon CEO Andy Jassy says artificial intelligence will “change the way” work is done and expects the company’s total corporate workforce to be reduced as a result. Jassy shared the message with employees on Tuesday. “As we roll out more Generative AI and agents, it should change the way our work is done,” he said….

JOHOR BAHRU: The Johor-Singapore Special Economic Zone (JS-SEZ) is drawing increasing interest from international investors, particularly from Japan, South Korea, China, and Europe, as Johor positions itself as a strategic gateway to the Asean market. Iskandar Regional Development Authority (IRDA) chief executive Datuk Mohd Noorazam Osman said recent investment enquiries received by the Invest Malaysia…