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Wall Street’s main indexes opened higher on Thursday after producer prices data provided further evidence of inflation cooling in the world’s largest economy, and stoked hopes that the Federal Reserve will soon end its monetary policy tightening. The Dow Jones Industrial Average rose 64.88 points, or 0.19 percent, at the open to 34,412.31. The S&P

“Folks, it’s 300 feet straight down to the bottom of Hurricane Gulch,” the Alaska Railroad conductor declares, “and … hold on. I don’t know why we’ve paused. Let me find out.” Passengers glance at each other quizzically, peering out the window to see that, yes, it’s a long, long way down to the bottom of

After six and a half years leading Britain’s new HS2 high-speed railway line, its chief executive has stepped down from the project. The announcement came on Wednesday when Mark Thurston announced he will be leaving the organization in autumn. Under Mr. Thurston’s leadership, the company has employed 28,500 people across the country. The HS2 commended

As FBI Director Christopher Wray testified before Congress and lawmakers raised concerns over politicization of the agency, the Heritage Foundation is recommending a plan to “reconstruct” the FBI. Meanwhile, President Joe Biden suggests he dodged World War III by refusing to provide Ukraine with jets. In this live Q&A with Crossroads host Joshua Philipp, we’ll

Officials in Jackson County, Missouri are seeking a new referendum to remove a pair of statues of the county’s namesake, former President Andrew Jackson. During the November 2020 election, Jackson County put the issue of whether or not to remove the statues of the former president to a ballot. About 72 percent of voters rejected

LONDON—Global oil benchmark Brent hovered above $80 a barrel on Thursday after U.S. inflation data implied interest rates in the world’s biggest economy are close to their peak. Data released on Wednesday showed U.S. consumer prices rose modestly in June and registered their smallest annual increase in more than two years as inflation continued to

One of the Big Four accounting firms, PwC, will extend its ban on political donations to include bodies using indirect means to channel election funding. On Monday, PwC acting chief Kristin Stubbins announced that the consultant giant will scrap its political donation program. She said although the firm always took the utmost care to ensure political donations

LONDON—A sliding dollar came under more pressure on Thursday, as traders took surprisingly slow U.S. inflation as a signal U.S. interest rate rises will be all but finished by month’s end. U.S. data on Wednesday showed inflation slowed a lot faster than expected last month. That gave rise to the biggest one-day dollar sell-off in

Painterly depictions of dance are some of the most beautiful and beloved works in art history. Famous examples portray this theme through different styles, including history painting, portraiture, and genre scenes. They show mythical figures, aristocrats, and commoners engaged in bodily rhythmic movement, a primordial expression of our humanity. ‘A Dance to the Music of

Commentary The nightmare for the central bank is not high inflation by itself but when high inflation is not responsive to tightening measures. As an example, we can look at the situation in the UK. The accompanying chart shows that the UK has broad money (M4) growing year-over-year (YoY) at zero percent, down from the