With the burgeoning El Niño now forecast to intensify significantly in the coming months, the “supersized” climate event will likely have an outsized impact on severe weather around the world, fueling heat, drought and flooding, among other extremes, the United Nations warned Thursday. “El Niño is being supersized before our eyes,” U.N. Secretary-General António Guterres said…
Treasury yields edged higher on Tuesday, extending a global bond sell-off and threatening to raise borrowing costs for millions of Americans. The yield on the 10-year Treasury, which influences mortgage rates, rose to 4.78%, up from 4.75% late Monday and the highest level since January 2025. The yield on the 2-year Treasury, which closely tracks…
A bond sell-off driven by investor fears over inflation and rising government debt has rattled markets and threatened to raise borrowing costs for everyday Americans looking to purchase a home or car. The yield on the 30-year Treasury reached 5.3% earlier this week, its highest level since 2007, while the 10-year Treasury yield, which influences…
The torrent of corporate spending on artificial intelligence in the U.S. is driving up consumer prices, working against efforts to cool inflation. AI requires enormous computing power, driving demand for the semiconductors that enable it. Rising chip costs are also prompting electronics manufacturers to raise prices on smartphones, computers, software and other tech accessories. Consumers are…
Former premier Shahid Khaqan Abbasi and MQM-P leaders Dr Farooq Sattar and Khalid Maqbool Siddiqui on Saturday backed the creation of additional administrative units in the country. On Thursday, Naqvi urged all political parties to “settle” various national-level issues, including the question of creating new provinces. Addressing the Pakistan Economic Summit 2026 being held in…
Gas prices hit $4 a gallon again as the U.S. and Iran launched more attacks. The national average for a gallon of gas reached $4.003 on Monday, marking the first time in over a month it has crossed that threshold, according to AAA data. The price represents a national average, meaning drivers in some states…
