Warsh Pick Sparks Selloff in Gold and Silver as Fed Independence Fears Recede
The U.S. dollar strengthened nearly 1 percent after a rough start to the year.An employee displays gold bars at a…
What to Know About Kevin Warsh, Trump’s Nominee for Fed Chair
President Donald Trump selected former Federal Reserve Governor Kevin Warsh as the next head of the U.S. central bank.After months…
Wholesale Inflation Unexpectedly Rises at Fastest Pace in 3 Months
Services drive the acceleration in producer inflation.Truckers transport cargo in the Port of Long Beach, Calif., on Nov. 29, 2023.…
Trump Picks Kevin Warsh as New Federal Reserve Chair
Warsh was one of Trump’s top picks for Fed chair during his first term, before he chose Jerome Powell.Kevin Warsh…
Mastercard, Dow Add to Recent Batch of Layoffs
Amazon and UPS are some of the other major companies announcing job cuts.File photo showing Mastercard and Visa credit cards…
Trump to Name New Federal Reserve Chair on Friday
BlackRock executive Rick Rieder has risen to the top of prediction markets.Federal Reserve Chairman Jerome Powell speaks at a news…
Recurring Jobless Claims Shrink for 3rd Straight Week: Department of Labor
Economy‘The labor market is easing gradually, and layoffs remain contained,’ says Ali Hassan, portfolio manager at Thornburg Investment Management.The number…
November US Trade Deficit Widens 94 Percent After Reaching 16-Year Low
Beachgoers enjoy the ocean in view of oil shipment and production vessels in Huntington Beach, Calif., on Sept. 12, 2024.…
Federal Reserve Leaves Interest Rates Unchanged in First Policy Decision of 2026
Investors now eye the next policy meeting in March.Federal Reserve Chair Jerome Powell speaks during a press conference following the…
Starbucks Attracts More Customers, 5 Percent Stock Gain
The company’s ‘Back to Starbucks’ strategy seems to be working out.A man passes by a Starbucks sign at Birmingham Shuttlesworth…
Bank of America, JPMorgan Chase to Match $1,000 Contributions to Children’s Accounts
Treasury Secretary Scott Bessent speaks during the Trump Accounts summit at the Andrew W. Mellon Auditorium in Washington on Jan.…
UPS to Cut 30,000 More Jobs as Amazon Partnership Shrinks
UPS also plans to deploy more automation and close down two-dozen buildings.A United Parcel Service (UPS) truck delivers boxes in…