US consumer sentiment hits record low, University of Michigan survey shows, as inflation and gas prices strain Americans

Extreme weather drives up food, insurance costs, turning climate change into a new inflation driver. Bloomberg reports that price pressures from climate-related events are becoming persistent.

Extreme weather is driving up prices from food to insurance, making climate change a new and growing source of inflation, according to a report.

Fed Chair Jerome Powell holds final press conference, ending an era of monetary policy leadership.

Jerome Powell held his final press conference as Federal Reserve chair, marking the end of an era.

US Treasury ends waivers for Russian, Iranian oil cargoes already at sea. Exemptions expire as recent energy disruption protections lapse.

The US Treasury confirmed it will not renew waivers that permitted sales of Russian and Iranian oil already at sea. The exemptions, introduced during recent energy disruptions, are set to expire.

White House panics as Iran war threatens GOP House control. Bloomberg reports internal alarm over the conflict's political toll.

The White House is beset by a sense of panic, as the Iran war drags on and weighs on the GOP's odds of maintaining House control.