U.S. Treasury Secretary Scott Bessent expressed optimism about the possibility of reaching a deal that will see the reopening of the Hormuz Strait in the next hours.
A senior military official sent an email to a broad group of analysts asking for "creative and unconventional ways to pressure and punish Iran," according to a new report.
John Williams, the chair of New York's Federal Reserve, said he expects inflation to ease gradually, but the central bank will raise interest rates if that does not happen alone.
Strong investment returns, rising home values and years of economic growth have helped millions of Americans cross the $1 million threshold, even as inflation has reduced the purchasing power of that milestone figure.