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The bond market swung, while U.S. stocks held relatively steady after the Federal Reserve decided not to raise its main interest rate to bring down high inflation.

The median net worth of the richest one-tenth of American families soared 31 per cent to $3.6 million from 2022 to 2025, the survey found.

The U.S. Federal Reserve hiked interest rates for the first time in three years on Wednesday, and several economists say this could add pressure on the Bank of Canada.

The Federal Reserve raised its benchmark interest rate Wednesday for the first time since 2023 in an effort to quell stubbornly-high inflation.

Federal Reserve Chair Kevin Warsh said Friday that inflation is still too high and suggested the central bank may have to raise interest rates soon to bring it down.

The U.S. Justice Department said it had seized domains used by two hacking platforms it alleges had been used in the campaign, which also targeted the U.S. Federal Reserve.

U.S. inflation accelerated last month as gasoline and many other goods and services became more expensive just a few weeks before midterm elections.

The Fed generally fights inflation by raising interest rates to cool borrowing and spending. Historically, such rate hikes have often slowed growth and have even led to recessions.

Stocks opened lower Friday on Wall Street as Big Tech companies tied to artificial intelligence swing lower again and oil prices rise.

A sell-off for artificial-intelligence stocks is hitting Wall Street again after whipping around the world on worries about how much longer the AI frenzy will last.

American economists Robert E. Hall and Michael Woodford won the Nobel Memorial Prize in economics Monday.

Canadians could wind up with a bigger grocery bill in the coming months as a major price "shock" for diesel and crude oil works its way through supply chains, Scotiabank says.

The Bank of Canada has held its key interest rate unchanged for about a year, but some economists expect rates to begin increasing again as early as next week.

U.S. inflation accelerated last month as gas prices spiked in the wake of renewed fighting in the Middle East, underscoring the affordability challenges among American voters.

Global bond yields have been spiking in recent months, especially U.S. Treasuries, while the perceived value of precious metals like gold and silver have been on the decline.

The U.S. stock market is slipping Tuesday as oil prices and the bond market crank up the pressure on Wall Street.

U.S. employers added a disappointing 29,000 jobs and the unemployment rate ticked up last month, the government reported Friday, a month before voters go to the polls.

The U.S. 10-year Treasury bond yield is now hovering above the five per cent threshold for the first time in nearly two decades amid ongoing economic uncertainty.

The U.S. labor force — the number of people working or looking for work — jumped by 683,000 last month after falling in June and July.

Artificial-intelligence stocks are sliding worldwide Monday after leaders of the industry warned a slowdown is needed for safety.