A wet and unsettled Memorial Day weekend is in store for much of the East, while the West remains warm and dry, the National Weather Service said on Friday.Widespread rainfall of 1 to more than 2 inches is expected from the Gulf Coast to southern New England, according to NWS. Well above normal temperatures are forecast to build across the northern Plains. Another round of heavy to excessive rainf...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.