US Treasury Secretary Janet Yellen traveled to Texas Thursday to mark an important and historic milestone, touring the Fort Worth Bureau of Engraving and Printing facility to observe firsthand the printing of $1 and $5 bills with her signature for the first time. Yellen became…

Mortgage rates dipped again this week, dropping for the fourth week in a row. The 30-year fixed-rate mortgage averaged 6.33% in the week ending December 8, down from 6.49% the week before, according to Freddie Mac. A year ago, the 30-year fixed rate was 3.10%.…

Lawmakers are demanding that Sam Bankman-Fried, the founder of the failed crypto exchange FTX, appear before the Senate Banking Committee next week over “significant unanswered questions ” surrounding the collapse of his companies. In a letter to Bankman-Fried and his lawyer, the committee’s Democratic chairman,…

US stocks surged higher on Thursday as investors staged a comeback from their current losing streak, spurred on by recession and interest rate hike fears. The Dow closed 184 points, or 0.6% higher. The S&P 500 gained 0.8%, while the Nasdaq Composite added 1.1%. Gains…

A bottleneck is building across an important trading route for oil, which if left unresolved could knock global supply and boost prices at a fragile moment for energy markets. As of Thursday, sixteen oil tankers traveling south from the Black Sea were waiting to cross…

The Keystone Pipeline has been shut down following a leak discovered near the border of Kansas and Nebraska. The shutdown of the major oil pipeline that carries crude from Canada triggered volatility in the energy market on Thursday, with oil prices briefly surging as much…