News

TRADING DAY Econ surprise, Wall Street's new highs
Consumers' inflation expectations, by some measures, are also the highest in decades. Inflation has been above the Fed's 2% ...
Wall Street steady again after President Donald Trump downplays threat to Fed Chair Jerome Powell’s job
Wall Street appears calm after President Donald Trump walked back his earlier threats to fire Federal Reserve Chair Jerome ...
Trump may have broken Wall Street
This past April, when President Donald Trump started flirting with the notion of firing Fed Chair Jerome Powell, stocks and the dollar tumbled because investors worried that even talking about such a ...
'A dreadful idea': Why Wall Street's brightest minds hate the idea of Trump firing Fed Chair Powell
Top voices on Wall Street have expressed alarm over the idea that Trump could fire Fed Chair Jerome Powell, emphasizing the need for Fed independence.
World shares gain after Wall Street cruises to more records, helped by strong US retail sales
World shares were mostly higher on Friday after Wall Street rose to records following better-than-expected updates on the ...
Dimon Defends Fed Independence After Trump Attacks
Many on Wall Street have privately worried that political pressure will undermine the Federal Reserve’s credibility.
Wall Street lifted as data, corporate earnings show consumer strength
Economic data has been somewhat mixed, with strong retail sales combined with stalled producer prices and a spike in consumer inflation in June, and a spike in consumer inflation in the same month.
Wall Street cruises to more records as PepsiCo and tech stocks rally
PepsiCo jumped 7.5% after delivering revenue and profit that topped Wall Street’s expectations. The drink and snack giant ...
Trump economic adviser Kevin Hassett is rising in race for next Fed chief
Kevin Hassett, Trump’s longest-serving economic adviser, is a leading contender to become the next Federal Reserve chairman, ...
Public Broadcasting Service (PBS)2d
How an inflation uptick and Trump’s pressure complicate the Fed’s interest rate decision
A new report shows inflation has picked up and analysts believe the prices of many goods increased, in part, because of ...
Wall Street is rattled as Trump says he discussed firing Powell but is 'unlikely' to do it
President Donald Trump sent the U.S. stock market on a jagged round trip Wednesday after saying he had "talked about the concept of firing" the head of the Federal Reserve. Such a move could help Wall ...
Wall Street whipsaws as jitters were sparked by a Powell termination report
Wall Street watches the major averages whipsaw on Wednesday, following a softer-than-anticipated wholesale inflation report and news that President Trump indicated that he will fire Fed Chairman ...