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Wall Street drifts around its records following a worldwide rally
U.S. stocks hover near records as Fed rate cut hopes grow; S&P 500, Dow, and Nasdaq rise, global markets rally, and bond yields fall.
US stocks drift around their record heights as Wall Street braces for an update on inflation
U.S. stocks edge lower as investors await July inflation data, with fears Trump’s tariffs could spark stagflation and sway Fed rate cuts.
A rally for Apple leads Wall Street higher
Wall Street rose Wednesday with Apple jumping 6% ahead of a White House event. Strong earnings from McDonald's and Shopify helped lift stocks.
Trump narrows Fed chair candidates to four, excluding Treasury Secretary Bessent
WASHINGTON (AP) — President Donald Trump said Tuesday that he’s whittled down his list of potential Federal Reserve chair candidates to four as he considers a successor to Jerome Powell — a choice that could reset the path of the U.S. economy. Asked on CNBC’s “Squawk Box” for a future replacement to Powell, Trump named Kevin […]
Wall Street holds steadier following a whipsaw couple of days
NEW YORK (AP) — U.S. stock indexes are slipping Tuesday following the latest discouraging signal on the U.S. economy. The S&P 500 was down 0.4% in afternoon trading, coming off its best day since May, which followed its worst day since May. The Dow Jones Industrial Average was down 49 points, or 0.1%, as of 12:16 […]
Stocks rebound after jobs report, rate cut hopes rise
U.S. stocks are rallying and recovering much of their sharp losses from last week, when worries about how President Donald Trump‘s tariffs may be punishing the economy sent a shudder through Wall Street. The S&P 500 jumped 1.1% in midday trading to claw back more than two thirds of Friday’s drop. The Dow Jones Industrial Average was up 426 […]
Trump calls on the Federal Reserve board to take full control of the central bank from Powell
Trump calls Fed Chair Powell “stubborn” and urges the Fed board to take control and slash interest rates amid a slowing U.S. economy and rising inflation.
Federal Reserve Governor Kugler steps down, giving Trump slot to fill
Federal Reserve governor Adriana Kugler will step down, opening up a spot on the central bank's powerful board that President Donald Trump will be able to fill.
Federal Reserve leaves interest rates unchanged even as Trump demands cuts
WASHINGTON (AP) — The Federal Reserve left its key short-term interest rate unchanged for the fifth time this year, brushing off repeated calls from President Donald Trump for a cut. The Fed’s decision Wednesday leaves its key short-term rate at about 4.3%, where it has stood after the central bank made three cuts last year. During […]
U.S. job openings dip to 7.4M as market cools
WASHINGTON (AP) — Employers posted 7.4 million job vacancies last month, a sign that the American job market continues to cool. The Labor Department reported Tuesday that job openings in June were down from 7.7 million in May and were about what forecasters had expected. The Job Openings and Labor Turnover Survey (JOLTS) showed […]
Stocks dip after record highs amid trade deal, Fed watch
NEW YORK (AP) — U.S. stock indexes are drifting on Monday after the United States agreed to tax cars and other products coming from the European Union at a 15% rate, lower than President Donald Trump had earlier threatened. Many details are still to be worked out, though, and Wall Street is heading into a […]
Trump and Powell bicker over Fed building renovations as president ratchets up pressure campaign
WASHINGTON (AP) — After months of criticizing Federal Reserve Chair Jerome Powell, President Donald Trump took the fight to the Fed’s front door on Thursday, publicly scorning the central bank chief over the ballooning costs of a long-planned building project. Powell pushed back, challenging the president’s latest price tag as incorrect. Wearing hard hats and grim […]
