Why $4 a gallon gas prices won’t trigger Fed interest rate hikes — and could lead to cuts
[ad_1] Gas prices are displayed at a Mobil gas station on March 30, 2026 in Pasadena, California. Mario Tama | Getty Images Gasoline prices over $4 a gallon, part of an ongoing supply shock in the energy markets, might seem like a cue for the Federal Reserve to raise interest rates to head off inflation. […]
Trump signals possible delay to Beijing summit as U.S. pressures China to help reopen Strait of Hormuz
[ad_1] U.S. President Donald Trump prepares to greet Chinese President Xi Jinping ahead of a bilateral meeting at Gimhae Air Base on October 30, 2025 in Busan, South Korea. Andrew Harnik | Getty Images U.S. President Donald Trump said his planned trip to China later this month could be delayed as Washington sought to pressure […]
Microsoft Xbox chief Phil Spencer retires, replaced by AI executive Asha Sharma
[ad_1] Microsoft’s head of gaming, Phil Spencer, is leaving the software maker following a 38-year tenure, as the company’s Xbox business faces increased challenges. “Last year, Phil Spencer made the decision to retire from the company, and since then we’ve been talking about succession planning,” Microsoft CEO Satya Nadella wrote in a memo to employees […]