Fed officials increasingly see rate hike as likely as cut, Powell says after committee held vigorous debate on forward guidance, with growing support for neutral bias.

Global oil prices hit a four-year high on Thursday as negotiations between the U.S. and Iran show little progress in resolving the ongoing energy crisis.

Global oil prices reached a four-year high on Thursday amid ongoing diplomatic tensions between the U.S. and Iran regarding the current energy crisis.

President Donald Trump orders federal agencies to make fixed-price agreements the default for government purchasing, aiming to reduce cost-reimbursement contracts and curb federal spending.

President Donald Trump has directed federal agencies to prioritize fixed-price agreements for government procurement, moving away from cost-reimbursement contracts to curb spending.

Air Canada hikes fares, trims routes; forward yields ticket mid-teens above last year. Executive says airline is also consolidating frequencies on lower-margin and hub overflight routes.

An Air Canada executive stated the airline has implemented multiple rounds of fare and ancillary hikes, with forward yields now ticketing in the mid-teens above last year, while proactively trimming lower-margin routes and consolidating frequencies where optimal.

EU support for Ukraine reaches €200.6 billion, exceeding U.S. aid. Breakdown: €75.2B military, €104.6B economic, €3.8B from frozen assets.

EU support for Ukraine since Russia’s full-scale invasion has reached €200.6 billion, including €75.2 billion in military aid, €104.6 billion in economic, social, and financial resilience, and €3.8 billion from frozen Russian assets. That surpasses roughly $187 billion in U.S. aid.