A closer look at recent economic data reveals a decline in discretionary spending on services, according to a recent note from Wells Fargo, which said the metric historically has fallen during or immediately after recessions. That belies the overall narra
Jerome Powell offered his first detailed defense of a $2.5 billion renovation of the Federal Reserves headquarters, arguing in a Thursday letter to White House budget director Russell Vought that "we take seriously the responsibility to be good stewards
The House passed bills that establish the first federal framework for dollar-backed stablecoins and outline how other digital assets will be regulated, major victories for an industry that has pushed for more favorable oversight in Washington, D.C.
President Donald Trump has dialed down his confrontational tone with China in an effort to secure a summit with counterpart Xi Jinping and a trade deal with the world’s second-largest economy, people familiar with internal deliberations said.
Bank of America CEO Brian Moynihan said Wednesday the company is looking for "legal clarity" as it explores stablecoin initiatives.
JPMorgan Chase (JPM) CEO Jamie Dimon and Citigroup (C) CEO Jane Fraser both said Tuesday they are going to get involved in stablecoins, the latest evidence of how Wall Street is pivoting to embrace digital assets as federal lawmakers debate new legislatio
Inflation accelerated last month with global trade turmoil exacting a toll on consumer prices. The Consumer Price Index rose 2.7% over the prior year in June, an uptick from Mays 2.4%.
A number of Wall Street firms are raising their S&P 500 (^GSPC) targets as initial investor panic from President Trumps "Liberation Day" tariffs continues to subside — but that doesnt mean strategists are expecting a solid run higher for stocks in the s
Junes Consumer Price Index (CPI) is expected to show prices rose at a faster clip compared to May. The report, due Tuesday at 8:30 a.m. ET, comes as investors closely monitor whether President Trumps tariffs are starting to filter through to what consum
Gold (GC=F) gained, bolstered by haven demand as traders weighed fresh tariff threats from President Donald Trump after he declared a 30% rate for the European Union and Mexico effective next month.
UK businesses are dialing back hiring for jobs that are likely to be affected by the rollout of artificial intelligence, a study found, suggesting the new technology is accentuating a slowdown in the nation’s labor market.
White House budget director Russell Vought said in a social media post that Jerome Powell "has grossly mismanaged the Fed" as he published a letter sent to the central bank chairman raising concerns about renovations of the institutions Washington, D.C.,
Copper prices had already been rising in anticipation of U.S. tariffs. The 50% tariff scheduled to take effect Aug. 1 will make the material even more expensive, likely straining manufacturers reliant on it. Futures trading has further muddied the water
President Trump said Tuesday that an ongoing investigation of tariffs on copper will end with 50% duties on the metal in remarks where he also threatened 200% tariffs on pharmaceuticals.
The dollar rose for a third day against the yen on Wednesday as U.S. President Donald Trump pledged more trade-related proclamations after announcing 25% tariffs on Japan and other trade partners.
