Beyond the rate decision, Williamson said the change in how the Fed communicates is itself worth watching. Chair Kevin Warsh has been explicit about his skepticism of forward guidance, the practice of telegraphing future rate moves, and for brokers advising clients on rate lock timing, that shift matters as much as whatever the Fed announces…
The wheat complex joined in on the rest of the commodity losses on Monday. Chicago SRW contracts were 11 to 18 cents in the red. KC HRW futures closed with 10 to 16 1/4 cent losses on the day. MPLS spring wheat slipped 1 ½ to 9 ¼ cents lower. Weekly NASS Crop Progress data…
JetBlue Airways’ fare classes will look much different by the end of the year. The airline is adding new domestic first class seats to some airplanes and plans to sell “basic” versions of domestic first class and extra-legroom fares. In total, customers will choose from four different types of seats and three different fare classes….
Dario Amodei, chief executive officer of Anthropic, at the AI Impact Summit in New Delhi, India, on Thursday, Feb. 19, 2026. Ruhani Kaur | Bloomberg | Getty Images Anthropic CEO Dario Amodei said on Monday that his company has “never advocated for a ban on open-weights models,” an attempt to beat back criticism emerging across…
By Pratigya Vajpayee India’s central bank sold dollars in the local currency market, propelling the rupee to its best gain in over a month, according to traders familiar with the transactions. The Reserve Bank of India’s intervention on Monday was fairly large, with the central bank beginning to sell dollars…
Construction work has been halted at a second Manhattan project as city officials embark on an inspection onslaught at office-to-residential conversions following the near collapse of a Midtown skyscraper. City inspectors ordered that construction be stopped at GFP Real Estate’s 222 Broadway on Friday, The Wall Street Journal first reported. The issue revolves around a contractor’s…
With the landmark 21st Century Road to Housing Act now law, local governments may finally rein in the red tape that is choking off the construction of new homes. The new law includes a $200 million “innovation fund,” which would be a competitive grant program for local governments that can show they’ve taken steps to…
South Korea’s main KOSPI stock index just opened 5% lower. Perhaps more importantly, it also just broke the July lows as the bubble bursts in incredibly quick fashion. It’s now down 30% from the June 18 high of 9106. It’s been a brutal drawdown over six weeks following an incredible rally from 2300 to 9106…
Soybeans fell 18 ¾ to 40 ½ cents across the board on Monday, with weaker products and an improving forecast playing a role. The cmdtyView national average Cash Bean price was 39 1/2 cents lower at $11.74 1/4. Soymeal futures were $5.50 to $11.10 lower, with Soy Oil futures down 104 to 287 points. Crude oil was down…
Roycemore School will shutter for the 2026-27 school year after defaulting on its Series 2021 revenue bonds.Jennifer Shea Roycemore School in Evanston, Illinois, defaulted this month on the loan agreement for its unrated revenue bonds and will close its doors for the 2026-27 school year. Processing Content Roycemore was a co-ed college prep school serving…