Watch Live: Fed Chair Powell's Last Press Conference

Bank Of Canada Warns Markets More Vulnerable To Sharp Correction Due To AI Concentration, Basis Trades The Bank of Canada said the global financial system has functioned (surprisingly) well through recent global shocks, but underscored the risk of a sharp asset price correction as well as vulnerabilities related to the role hedge funds are playing in debt markets. The central bank’s 2026 financial stability report released Thursday noted financial asset valuations have continued to rise, while the stock market is increasingly concentrated in a handful of large tech companies that are...

Middle Schoolers' Reading & Math Scores Remain Below Pre-Pandemic Levels, US Results Show Authored by Aaron Gifford via The Epoch Times, Although math and reading scores for 9-year-old students across the country have improved slightly over the past three years, their 13-year-old peers have seen no gains in the same subject areas, according to U.S. Department of Education data released on June 10. Still, scores for both age groups remain below the levels before the COVID-19 pandemic in both subject areas. That’s according to the latest release of the Nation’s Report Card, which...

Oil Tumbles On Deal 'Breakthrough' As US-Iran Reportedly Reach MOU, Pending Trump's Final Approval Summary Per Axios: "U.S. and Iranian negotiators have reached an agreement on a 60-day memorandum of understanding to extend the ceasefire and launch negotiations on Iran's nuclear program, but President Trump has yet to give it his final approval." Unconfirmed reports of Ayatollah denial of MOU. Saudi state media reports Pakistan is seeking to convince Washington to allow transfer of Iran's highly enriched uranium to China (Al Hadath). Iran launches ballistic missile on US base in Kuwait, which was reportedly intercepted by...