US President Trump welcomes UAE's exit from OPEC, citing potential for lower oil costs.

Exxon Mobil beats earnings expectations as increased output from Guyana and the Permian Basin offsets supply losses from the Middle East conflict.

Exxon Mobil reported earnings that exceeded analysts' expectations, with increased oil production from Guyana and the Permian Basin offsetting supply losses from the Middle East conflict.

US national debt surpasses the size of the country's total GDP for the first time since World War II. The milestone marks a significant shift in the nation's fiscal position relative to its economic output.

The United States national debt has exceeded the total size of the nation's gross domestic product for the first time since World War II.

Fed's Kashkari warns Hormuz oil shock may force rate hikes. Minneapolis Fed president dissented at latest FOMC, says Fed should flag tightening risks.

Minneapolis Fed President Neel Kashkari dissented at the latest FOMC meeting, warning that a prolonged oil supply disruption in the Strait of Hormuz could force the central bank to raise interest rates.

Fed's Hammack says economy resilient in 2026 but sees upside inflation risk, downside job market risk. Uncertainty over policy path has risen.

Federal Reserve official Hammack stated the economy has been resilient so far in 2026, but sees upside inflation risk and downside job market risk. She noted uncertainty around the economy and the policy path has risen.