The U.S. Senate confirmed Kevin Warsh as Chairman of the Federal Reserve Board of Governors, succeeding Jerome Powell whose term ends Friday…
Tag: Jerome Powell
U.S. Federal Reserve cuts interest rate by 25 basis points
On Wednesday, the U.S. Federal Reserve delivered its third interest rate cut of 2025, lowering the benchmark federal funds rate by 25 basis…
President Trump says ‘Too-Late’ Powell will be out in ‘a few months’
President Donald Trump reiterated his criticism of Federal Reserve Chair Jerome Powell Tuesday during a dinner with business leaders…
U.S. CPI data shows stable inflation and lower costs for groceries and gas; September interest rate cut likely
Today’s U.S. Consumer Price Index (CPI) report shows inflation holding steady at 2.7% in July, defying predictions of sharp tariff-driven…
Fed Chair Powell says no need to rush interest-rate cuts
Wall Street is expected to open lower on Friday, following Federal Reserve Chair Jerome Powell’s comments on interest rate cuts…
Fed’s preferred gauge shows rampant U.S. inflation hotter than expected in August
According to new data released on Friday, the U.S. Federal Reserve’s preferred inflation gauge accelerated again in August…
Tech stocks drag stock market lower on growth concerns
The U.S. stock market’s main indexes fell on Thursday, extending declines for a third straight session, as investors worried that the…
Fed raises interest rates, pledges more hikes amid rampant inflation; warns of recession
The Fed raised interest rates and indicated it will keep hiking well above the current level as it attempts to tamp down rampant inflation …
Goldman Sachs: Rampant U.S. inflation could cause further 27% drop in the S&P 500
It’s not just that the U.S. Fed is going to be aggressive after the latest shocking U.S. inflation figure, still running at 40-year highs…
Dow plummets 1,200 points on rampant U.S. inflation
U.S. stocks fell sharply on Tuesday, with the Dow plummeting 1,200 points, after a key August inflation report came in hotter than…
Dow futures drop 400 points on hotter-than-expected U.S. inflation
A hotter-than-expected CPI report resulted in a quick reversal in stock futures Tuesday morning. Dow futures, which were…
Wall Street in the red amid rampant inflation, persistent rate hike concerns
Wall Street’s indexes slipped on Tuesday as expectations that the Federal Reserve will keep raising interest rates due to rampant inflation …
Stocks set to extend losses on U.S. inflation, interest rate worries
U.S. stock indexes were set to open lower on Monday on worries over the Fed’s interest rates hikes to combat rampant U.S. inflation in…
Fed announces rate hike not seen in decades in attempt to fight rampant U.S. inflation
The U.S. Federal Reserve on Wednesday raised its benchmark interest rate by 75-basis points in an attempt to cool inflation not seen in…
Wall Street rallies as growth stocks rebound; Twitter slides as Musk puts deal ‘temporarily on hold’
Growth stocks led a rebound in Wall Street’s main indexes on Friday in a week beset by worries aboutrampant U.S. inflation the worsening…
U.S. Federal Reserve signals interest rate hike coming in March in attempt to tamp down raging inflation
The U.S. Federal Reserve on Wednesday provided the clearest hint yet that it could start raising interest rates as soon as March. Inflation …
Stocks tumble on weak U.S. consumer confidence
U.S. consumer confidence this month unexpectedly fell to its lowest since February, intensifying concerns about the economy’s prospects…
Tech stocks power Nasdaq to records; Apple hits new all-time high
The Nasdaq Composite hit a record high on Wednesday, with high-growth technology stocks in the lead after much-weaker-than-expected…
Nasdaq closes at record high as Big Tech roars back
The Nasdaq ended at a record high on Tuesday, lifted by Apple, Amazon, and other top-shelf tech companies as investors shifted their focus…
Stocks struggle as tech sell-off eclipses commodities surge
Stocks struggled worldwide on Tuesday as a rally in commodity-related assets was eclipsed by a sell-off of tech stocks and investors awaited…
Fed Chairman Powell announces major policy shift in approach to inflation
The U.S. Federal Reserve announced a major policy shift Thursday, saying that it is willing to allow inflation to run higher than…
U.S. stocks rise on upbeat earnings ahead of Federal Reserve statement
U.S. stocks rose as a slew of positive earnings updates and hopes for assurances of continued support from the Federal Reserve overshadowed concerns…
S&P 500, Dow dive on Powell’s somber economic outlook
As Federal Reserve Chairman Jerome Powell warned of an extended period of weak growth and stagnant incomes, the S&P 500 and Dow dove on Wednesday…
Fed Chair Powell: Recovery can be ‘robust’ once COVID-19 is contained
Federal Reserve Chairman Jerome Powell said Thursday that the economic rebound following the coronavirus-induced shutdown “can be robust.”
US unemployment claims surge to 3.28 million, shattering record
US unemployment surged to 3.28 million last week, shattering a decades-old record in jobless claims as the coronavirus pandemic forced businesses…
Apple shares surge as investors buy the coronavirus dip
Shares of Apple surged back from a 4-month low to jump 6.3% and lift the S&P 500 more than any other company. The stock market bounced back on Monday…
Dow rallies more than 350 points as U.S. unemployment hits 50-year low
The U.S. economy added 136,000 jobs in September as the unemployment rate fell to 3.5 percent, its lowest since 1969, the Bureau of Labor Statistics said…
Apple will buy Tesla – and other outrageous predictions for 2019
What price Apple to buy Tesla in 2019?
