Wavelogix will use the funding to refine and scale its IoT concrete strength sensors ahead of the pending highway bill.

Brent spiked above $108 a barrel, after adding more than 3% on Tuesday. Iranian state TV said part of the giant South Pars gas field was hit in an airstrike, as were Asaluyeh oil industry facilities. Iran pledged to strike back and hit enemy sites previ

US producer prices rose more than twice as fast as expected in February, according to data released Wednesday by the Bureau of Labor Statistics (BLS).

The Federal Reserve kept interest rates steady for the second straight policy meeting this year as central bankers assess the impact of oil prices and broader uncertainty.

The Fed kept interest rates on hold as it confronts the Iran war threat of new inflation driven by higher gas prices.

The Wyoming-based crypto bank can petition the Supreme Court. Or it could reapply to the Fed through a channel that didn’t exist when it sued: the “skinny” master account Kraken recently received.

According to the Fed fund futures forward curve, Fear Of Inflation Long-term (or F.O.I.L.) will keep interest rates unchanged again this month.

The Strait of Hormuz remains shuttered since the US and Israel began their war with Iran, sending oil prices soaring and raising gas prices, when Americans were already struggling with affordability.

Geopolitical turmoil may bring market uncertainty, but these businesses are not likely to be impacted significantly.

Data on rail volumes, inflation, and manufacturing suggest easing inflation without a significant slowdown in economic growth. The post Rail outlook up on firmer economic factors: AAR appeared first on FreightWaves.

Chevron is working on a deal to add even more fuel to its growth engine.

and global markets today , Editor-At-Large, Finance and Markets Given the backdrop of war and oil price volatility, investors’ focus later today will be on whether Federal Reserve officials consider the inflationary implications of the oil shock significa

All eyes will be on the Fed meeting today.

Equinor has discovered up to 24 million barrels of oil near the Johan Castberg field, reinforcing Norway’s push to sustain output through continued exploration and infrastructure tie-backs.

The Iran conflict could result in Social Security recipients receiving a larger raise.