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Business News

Vallourec reports growth in North America division

Staff report The ongoing U.S.-Iran conflict has challenged, but not hampered, seamless tube producer Vallourec, the multinational company said Tuesday in its first quarter earnings report. Meanwhile, the company’s North American division is experiencing strong growth. Citing resilient ...

Senate confirms Warsh as next Fed chairman

WASHINGTON (AP) — The Senate confirmed President Donald Trump’s nominee to lead the Federal Reserve, Kevin Warsh, bringing new leadership to the world’s most powerful central bank at a fraught moment for the global economy. Warsh, 56, a former top Fed official, was confirmed Wednesday ...

Iran war is hitting home as gasoline prices fuel inflation surge of 3.8%

WASHINGTON (AP) — U.S. consumer prices climbed sharply again last month as the 10-week war with Iran delivered higher gasoline prices and more pain for Americans. The Labor Department’s consumer price index rose 3.8% from April 2025, the biggest jump in three years, and up from a 3.3% ...

Deal reached with hackers to delete data stolen from Canvas

The company that operates online learning system Canvas said it struck a deal with hackers to delete the data they pilfered in a cyberattack that created chaos for students, many of them in the middle of finals. Instructure, the parent company of Canvas, said in an online post that it ...