Union Pacific and Norfolk Southern propose a $71.5 billion merger. The companies project the combined entity would control 39% of the U.S. rail freight market.

The U.S. Department of Justice is investigating potentially suspicious trading activity linked to recent volatility in oil markets.

The U.S. Department of Justice has launched an investigation into potentially suspicious trading activity associated with recent volatility in oil markets.

The US House Financial Services Committee is considering a bill to amend the Federal Reserve Act, aiming to eliminate the central bank's dual mandate in favor of a singular focus on price stability.

The US House Financial Services Committee is considering legislation to amend the Federal Reserve Act, which would remove the dual mandate and require the central bank to focus exclusively on price stability.

Wholesale prices in the United States reach a four-year high, signaling potential for further inflationary pressure. The data reflects a significant shift in producer costs.

Wholesale prices in the United States have reached a four-year high, signaling potential for further inflationary pressure.

U.S. core producer prices rose 1.0% in April, significantly exceeding market expectations of 0.3% and the previous month's 0.1% increase.

The U.S. core Producer Price Index rose by 1.0% month-over-month in April, significantly exceeding the 0.3% estimate and the 0.1% increase recorded in the previous month.