1+ week, 3+ day ago   (273+ words) The average price of diesel topped its 2022 record high on Friday, spiking to $5.85 per gallon, per AAA. Why it matters: Farmers, truckers and freight companies have been absorbing higher diesel costs since the Iran war began. The ballooning price threatens…...

1+ week, 5+ day ago   (213+ words) The G20 finance ministers failed to agree on a joint statement after China objected to several provisions, including language addressing huge trade surpluses and countries' reliance on exports for growth. Why it matters: China was the lone holdout, with the other…...

2+ week, 3+ day ago   (351+ words) The Strait of Hormuz has been Iran's most powerful card since the start of the war in late February. But over the past two months, U.S. officials say the American military has steadily eroded Iran's leverage over the crucial waterway. Why…...

2+ week, 4+ day ago   (206+ words) There is a hot debate over the wisdom of the Treasury Department's bond market intervention. In the meantime, market moves suggest Treasury's intended purpose — of reining in longer-term borrowing costs — is working. The big picture: Long-term Treasury yields have stabilized…...