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Federal Reserve Bank of St. Louis President Alberto Musalem said risks are rising to both inflation and employment, and officials should be prepared to adjust interest rates in either direction depending on how the economy evolves.
Source
Bloomberg Markets
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Sam's Club is hiking membership fees as its annual sales and membership grow and as high gas prices call attention to one of its key perks.
Oil fell in a volatile session, with traders focused on whether US President Donald Trump will soon declare an end to the war in Iran. West Texas Intermediate futures crude slid below $100 a barrel, at one point slumping more than 4.8%, before recovering some of that loss to trade near $99. Tom Kloza, Chief Energy Advisor for Gulf Oil joins Balance of Power to discuss how this conflict will effect oil prices. (Source: Bloomberg)
This week’s sharp rebound in U.S. stocks is offering some welcome respite from the relentless selling that has rocked global markets over the past month.
NASA astronauts are poised to lift off Wednesday on a 10-day journey that will slingshot them around the moon, marking humanity’s return to the lunar vicinity for the first time in more than half a century. The crew’s Lockheed Martin Corp.-built Orion capsule, perched atop the Boeing Co.-made Space Launch System rocket, is set to launch at 6:24 p.m. local time from Kennedy Space Center in Florida. Bloomberg's Ed Ludlow spoke with Congressman Mike Haridopolos, Republican representing Florida's