Europe's heat wave exposes buried history and new threats — Nazi-era wrecks emerge from the Danube, nuclear reactors face cooling risks, and Greece battles deadly wildfires.
Key sectors of the economy that spent years squeezed by high interest rates are gaining momentum. Why it matters: For years, manufacturing and construction were among the clearest signs that the Federal Reserve's tightening campaign — reversed only somewhat at the end of last year — was weighing on the economy. - Now, manufacturing and construction are early sources of job growth, helped by an AI investment boom that has so far been unconstrained by still-high borrowing costs. What they're saying: "The private labor market has rebounded in 2026 due to a resurgence of the highly cyclical manufacturing sector ... while a robust buildout of data centers has propelled construction employment," Troy Ludtka, senior economist at SMBC, wrote…
When the New York Historical realized that sunlight in its new wing would potentially damage some items on display, it scrambled to reproduce or remove them.
After his latest appearance set off a bout of volatility, Kevin M. Warsh, the chairman of the Federal Reserve, is under pressure to clear up mixed signals about his commitment to getting inflation down.
A federal appeals court in New York on Tuesday upheld Sam Bankman-Fried's conviction fraud and conspiracy charges that followed the collapse of his crypto exchange, FTX.