Federal Reserve expected to cut interest rates for first time since 2020
Jerome Powell, chairman of the Federal Reserve testifies at the Senate Banking, Housing, and Urban Affairs hearing on March 7, 2024. The Fed Board meets…
Jobs report: U.S. economy added 142,000 jobs in August, misses expectations
A "now hiring" banner is seen outside Hudd Transportation in South Gate, California on January 27, 2021. The Labor Department said the economy created 142,000…
Eurozone retail sales rebound in July as euro strengthens against US dollar
Eurozone retail sales rose by 0.1% in July, rebounding from a June decline. The euro strengthened to 1.11 against the dollar, driven by US Fed…
Berkshire Hathaway becomes 9th company to hit $1 trillion capitalization
Warren Buffett's Berkshire Hathaway Wednesday became the 9th company in the world to surpass $1 trillion capitalization. Buffett's company had a record $277 billion in…
Why has the euro rallied to a 13-month high against the dollar?
The euro has surged to a 13-month high against the dollar, benefiting from four weeks of gains as the Federal Reserve signals upcoming rate cuts.…
Pound soars to 29-month high following Fed rate cut signal at Jackson Hole
The British pound surged to its highest level against the US dollar given the Bank of England's less dovish stance compared to that of the…
U.S. retail sales rose 1% in July, outpacing expectations
Retail sales rose 2.7% in July from a year ago, according to a Thursday U.S. Census Bureau report. Sales were up 1% for the month…
Warren Buffett's Berkshire Hathaway slashes Apple stake by nearly hal
Billionaire investor Warren Buffett's Berkshire Hathaway has slashed its stake in Apple by nearly 50%, according to financial documents filed Saturday after technology stocks across…
July jobs report: U.S. economy created 114,000 jobs, well below expectations
A "Now Hiring" sign is displayed in the window of a restaurant in Washington D.C. on August 12, 2010. The Labor Department said the economy…
Global stocks plunge after tech-driven sell off and US growth fears
European tech firms are also struggling - the Stoxx Europe 600 dropped 1.5% at the start of European trading. Japan's benchmark Nikkei 225 index closed…
Fed leaves interest rates unchanged as inflation substantially eases
Fed Chair Jerome Powell said Wednesday the Fed decided to leave interest rates unchanged. He said during a press conference that Inflation has eased substantially…
PCE, key fed inflation gauge, rose 2.8% in June on par with expectations
The personal consumption expenditures price index rose on par with analysts' expectations, presenting signs of slowing inflation in the gauge favored by the Federal Reserve.…
U.S. June wholesale prices rose 0.2%, exceeding expectations
A customer looks at meat products at a Safeway supermarket, a subsidiary of Albertsons, in Washington, D.C. on October 27, 2022. The Bureau of Labor…
Bipartisan Senate proposal would ban stock trading for members of Congress, president
1 of 3 | “Congress should not be here to make a buck,” Sen. Josh Hawley (seen here last month), R-Mo., said Wednesday at a…
Jerome Powell suggests to Congress that Fed will hold on interest rates for now
Jerome Powell, chairman of the Federal Reserve, testifies at the Senate Banking, Housing, and Urban Affairs hearing on March 7. He told the committee on…
Japan's Nikkei index reaches all-time high of 41,580
Feed by forecasts of strong Japanese and United States earnings, Tokyo's Nikkei index closed at an all-time high of 41, 589.17, officials said on Tuesday.…
Economy added 206,000 jobs in June; jobless rate rises to 4.1%
The Labor Department said Friday that the economy added 207,000 jobs in June, but the jobless rate rose to 4.1%.. File Photo by Alexis C.…
16 progressive economists claim Trump would ‘reignite inflation’
Sixteen progressive Nobel Prize-winning economists say policies proposed by former President Donald Trump would "reignite inflation" if he wins the Nov. 5 general election over…
Fed rate decision: Implications on the European stock markets
European stock markets recoup most of their losses from earlier in the week following the release of US CPI data. Regional markets poised to open…
Fed holds US interest rate steady in June warning of just one possible cut this year
The policymakers' forecast for one rate cut was down from a previous forecast of three, because inflation, having cooled in the past two months, remains…