News

Beijing responded to G-7 restrictions on rare-earths imports by imposing export controls on two U.S. rare-earth producers and warning that supply chains may become disconnected.

MP Materials Corp. and USA Rare Earth Inc. have been added to China's export control list, but both companies say they had already largely cut off supplies of equipment and materials from China.

Initial claims filed last week were both 4,000 lower than the week prior and lower than economists expected.

After the Fed held rates steady again, Kevin Warsh's press conference convinced many that the next rates move will be an increase.

The deal, priced on Monday, attracted as much as $85 billion of orders, or more than three times the size of the offering.

In May, the BLS's import price index rose 6.7% from a year earlier, adding further proof of the inflationary impact of the Iran war and the data center boom.