Gross domestic product, which captures all the goods and services produced in the economy, registered an annualized rate of 3% in the April-through-June period, the Commerce Department said Wednesday. That’s up sharply from the -0.5% rate in the first quarter,...
The Federal Reserve held interest rates steady Wednesday for the fifth meeting in a row as two Fed governors dissented, underscoring the division within the central bank over the potential impact of President Trump’s tariffs. Central bank policymakers voted to...
Market Review US stocks, as measured by the S&P 500, rebounded in Q2 2025, up 10.9% for the year. This erased the loss in Q1, bringing the year-to-date return for 2025 to 6.2%. International stocks, as measured by the EAFE...
Donald Trump released another round of letters to trade partners on Wednesday, including a threat of a 50% tariff on Brazil over what the president describes as a witch hunt of Jair Bolsonaro. The former Brazilian president is facing a...
When you don’t have a financial safety net in place, an unexpected medical bill, car repair, or job loss can take a toll on your mental health and throw your budget for a loop. That’s why experts recommend putting aside...
The gulf between where the Federal Reserve projects interest rates will be by the end of 2026 and the more aggressive cutting financial markets expect by then is partly due to the expectation that U.S. central bank chief Jerome Powell...
The stock market shrugged off the U.S. bombing of Iran, the continuing global trade war and a Wall Street adage advising investors to “sell in May and go away” — and now looks to end June near record territory. Both...
Consumer confidence retreated in June after increasing the previous month amid President Trump’s various tariff delays. The latest index reading from the Conference Board was 93 in June, below the 98.4 seen in May and the 99.8 economists had expected....
Leaving a financial legacy to your kids can give them a significant leg up in life. Data from the Congressional Budget Office shows that 28% of families in the top third of the income distribution received an inheritance, compared to...
Federal Reserve Chairman Jerome Powell signaled the Fed is likely to stay on hold through summer as it waits for more clarity on inflation. Citi economist Veronica Clark and Charles Schwab senior investment strategist Kevin Gordon join Market Domination to...
A Republican senator’s plan to take away the Federal Reserve’s power to pay banks interest on cash they park on central bank books could cause chaos for monetary policy implementation if it were implemented, market participants said. In recent days,...
The U.S. dollar slumped to its lowest level since 2022 on Thursday, putting the greenback on track to have its worst start to a year in decades. The U.S. dollar index (DXY) slid as low as 98.6 Thursday morning, its...
The European Central Bank is set to lower interest rates for an eighth time today. Analysts surveyed by Bloomberg expect the deposit rate to be cut by a quarter-point to 2%. Bloomberg’s Lizzy Burden reports. Bloomberg
...Is a mortgage rate in the 5% range the sweet spot for your home-buying budget? With mortgage rates remaining in the 6.5% to 7% range, most housing experts aren’t expecting rates to move much lower through the end of this...
A Moody’s downgrade of the US credit score reverberated through financial markets Monday and pushed down stocks, but the response from Republicans crafting a bill that could add trillions in new red ink was to immediately try to minimize the...
