Category: Financial News

April 22, 2025
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Federal Reserve Governor Adriana Kugler said on Tuesday that with U.S. import tariffs significantly larger than expected and likely to put upward pressure on prices, the central bank ought to keep short-term borrowing costs unchanged until inflation risks recede. Kugler...

April 17, 2025
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Unemployment concerns are on the rise among American workers as fears about the labor market in March reached levels last seen during the pandemic, according to a new survey released by the Federal Reserve Bank of New York on Monday....

April 8, 2025
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It’s been one of the most chaotic stretches for US markets in recent memory. The S&P 500 (^GSPC) fell more than 10% in just three days. The three-day collapse in stocks following President Trump’s tariff announcement sits just below the...

April 3, 2025
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President Trump surprised markets again on Wednesday, announcing steep reciprocal tariffs on a range of trading partners in addition to a “baseline” reciprocal tariff rate of 10% in a move that sent markets tumbling. “The tariffs were definitely worse than...

April 1, 2025
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Businesses around the globe on Thursday faced up to a future of higher prices, trade turmoil and reduced access to the world’s largest market after U.S. President Donald Trump confirmed their worst fears by instituting broad tariffs worldwide. Trump ramped...

March 27, 2025
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A revolutionary new technology comes along and infatuates investors with its seemingly limitless possibilities. Euphoria sparks a stock market rally. Eventually, things get overheated and share prices become ridiculous. Then it all collapses. Sound familiar? It happened exactly 25 years...

March 20, 2025
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Fed Chair Jerome Powell did not shy away from the impact of President Trump’s tariffs during a highly anticipated press conference Wednesday. The Federal Reserve chairman said in no uncertain terms that Trump’s trade agenda would be likely to drive...

March 4, 2025
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Investors took comfort in U.S. President Donald Trump’s commitment to cutting taxes in a major address to Congress but voiced concerns about his continued focus on tariffs and a proposal to ditch a semiconductor chip manufacturing subsidy. The president’s remarks...

February 27, 2025
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The Social Security Administration has released a new expedited timeline for when more than 3.2 million individuals will see one-time payments and higher benefit checks following the enactment of a new law. The Social Security Fairness Act was signed into...

February 13, 2025
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The Trump administration’s idling of the Consumer Financial Protection Bureau (CFPB) left in limbo significant cases the agency brought against companies and large financial firms in the waning days of President Joe Biden’s time in office. The CFPB in January...

February 11, 2025
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A rising number of Americans are anxious about the state of the US economy — and it’s all about inflation. The latest University of Michigan consumer sentiment survey released Friday showed headline sentiment declined to its lowest level in seven...

February 4, 2025
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The Trump administration’s plans for trade tariffs come with inflation risks, three Federal Reserve officials warned on Monday, with one arguing that uncertainty over the outlook for prices calls for slower interest-rate cuts than otherwise. Trump on Saturday slapped across-the-board...

January 30, 2025
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Investors aren’t expecting many surprises at the end of the Federal Reserve’s Wednesday FOMC policy meeting, where central bank officials are widely expected to hold interest rates steady following three consecutive cuts at the end of 2024. There is considerably...

January 9, 2025
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The past year saw significant expansion in the economy: Inflation fell, as did interest rates. Unemployment rates remained low, and the S&P 500 rose by more than 20%. But with a new incoming administration, shifting financial policies, and continued recovery...

January 2, 2025
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Heading into the holidays, many Americans were already saddled with record-breaking credit card debt. And yet, consumer spending is set to reach a fresh high this season. The National Retail Federation reported last week that spending between Nov. 1 and...