Fed Governor Lisa Cook plans to file a lawsuit against Trump after he threatened to fire her, raising concerns over the Fed's independence. Meanwhile, Nvidia's upcoming report is keeping investors on edge as the market reacts to potential interest rate cuts.
President Trump's unexpected firing of Federal Reserve Governor Lisa Cook raises alarm over the central bank's independence. Wall Street reacts positively ahead of Nvidia's earnings report, but the implications for monetary policy could be significant.
The Dow Jones Industrial Average achieved a record close, bolstered by Federal Reserve Chair Jerome Powell's hints at potential interest rate cuts. Investors are optimistic as market indicators point toward growth, with significant gains across major indices.
Indian Prime Minister Narendra Modi is set to visit China for the first time in seven years, signaling a potential thaw in India-China relations amid rising tensions with the US over oil purchases.
This week, bond traders await a pivotal moment as Jerome Powell speaks at the Federal Reserve's annual gathering in Jackson Hole. With expectations for rate cuts rising, his insights could significantly impact the Treasury market. Is the quarter-point cut next month a sure thing?
In a surprising move, the IRS has raised the bar for wind and solar projects to qualify for federal tax credits, requiring significant physical work to begin by July 2025. Discover the implications of these new rules!
Despite a disappointing inflation report causing most stocks to fall, gains in Big Tech, particularly Amazon, helped to soften the blow on Wall Street as the S&P 500 reached another all-time high.
President Trump's executive order prohibits banks from discriminating against clients based on political or religious beliefs, raising questions about compliance and potential penalties for the banking industry. Can this order reshape how banks operate?
U.S. stagflation fears are shaking global markets as inflation data pressures Treasuries. Wall Street reacts sharply, and investors brace for potential rate cuts amid rising economic concerns.
As inflation gauges signal shifts, investors are betting on a Federal Reserve interest rate cut. Discover the latest updates on wholesale prices and the labor market's impact on the economy.
