World Business
The latest World Business coverage from the Chattanooga Times Free Press, part of our Business section.
More in World Business, page 36
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Fed keeps key rate unchanged as Powell vows to stay until DOJ investigation is finished
The Federal Reserve kept its key interest rate unchanged Wednesday and Chair Jerome Powell highlighted the increasingly uncertain outlook for the U.S. economy and inflation in the wake of the Iran war, suggesting the Fed could stand pat for an extended period.
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US stocks slump on worries about higher oil prices, inflation and interest rates
U.S. stocks slumped Wednesday after a report said inflation was primed to worsen even before the war with Iran caused oil prices to spike.
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Vatican appeals court declares mistrial in the ‘trial of the century’ against a cardinal
The Vatican appeals tribunal declared a mistrial Tuesday in the Holy See's big "trial of the century," a stunning blow to both Pope Francis' legacy and Vatican prosecutors who had put a cardinal and several other people on trial over alleged financial crimes.
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Trump’s tariffs were supposed to help manufacturers. But instead, they’re hurting
There's a growing body of data showing that the tariffs President Donald Trump said would help American factories are, in fact, squashing many of them.
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About 90 ships cross the Strait of Hormuz as Iran exports millions of barrels of oil despite the war
About 90 ships including oil tankers have crossed the Strait of Hormuz since the outset of the war with Iran and it is still exporting millions of barrels of oil at a time when the waterway has been effectively closed, according to maritime and trade data platforms.
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Trump, Rubio call for new Cuban leaders as latest blackout underscores deepening economic crisis
U.S. President Donald Trump on Tuesday pledged imminent action against Cuba's socialist government as his moves against the island bring the U.S.' longtime opponent deeper into crisis.
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Trump officials weigh new $1B deal to stop offshore wind farms
The Trump administration is considering a new strategy for throttling the country’s offshore wind industry, after federal judges blocked its five previous attempts to stop wind farms under construction off the East Coast.
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Driverless big rigs are coming to American highways, and soon
It looked like just another big rig rolling down a Texas interstate, a sight that inspired a thousand country songs. But this delivery in May was different because there was no driver at the wheel.
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Oil prices resume their rise, but US stocks hold steadier this time around
Oil prices resumed their rise on Tuesday because of the war with Iran, but U.S. stocks held steadier this time around.
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US drivers see gas prices jump to their highest level since 2023 as the Iran war drags on
The Iran war has rattled the global flow of oil, with steeper fuel costs already straining households worldwide. And in the U.S., drivers are now facing the highest prices they've seen at the pump in nearly two and a half years.
