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Lagging sector looks poised for a rebound. Here's how Mike Khouw is trading it
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Fed approves interest rate hike, signals one more to come this year
The Federal Reserve on Wednesday approved its first interest rate hike since 2023 and indicated another to come.
10-year Treasury yield falls as traders bet Fed rate increase can tamp down inflation
Treasury yields were lower on Wednesday after the Federal Reserve increased its overnight rate by a quarter percentage point.
'Science fiction': Transport companies — the backbone of economy — are sounding alarm on fuel prices
Prices for diesel, the fuel type used to power trucks and trains, came in at an all-time high of $6.31 per gallon on Wednesday.

Amazon raises starting pay to $20 an hour and adds Whole Foods discount
Wage increase brings Amazon’s US minimum pay in line with Costco and includes new grocery discount benefit Amazon has raised its minimum wage in the US to $20 an hour, with average pay at the company reaching $24 an hour, according to the company. The pay increase represents a $1 increase from its starting level. Continue reading...
American Airlines says 30% of seats drive half of revenue as premium cabin rush heats up
American says a minority of its seats now accounts for half of its revenue.
Hyperscaler debt signals warning sign, Apollo cautions
Credit default swaps for companies building data centers are getting pricier, and it's not because banks are hedging more of their bets.