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Bitcoin tumbles below $70,000, wiping out gains since Trump 2024 win
Bitcoin slid below $70,000 as investors worried a more hawkish Fed under Kevin Warsh could drain liquidity from crypto.
US weekly jobless claims increase more than expected
Weekly U.S. jobless claims rose more than expected, likely driven by snowstorms, while the labor market remained stable.
US Senator Scott, facing block on Fed chair nominee, says Powell is not a criminal
Sen. Tim Scott said Fed Chair Jerome Powell did not break the law, pushing back on a DOJ probe tied to Fed testimony.
Global stock index edges down, silver and oil extend losses
NEW YORK/ LONDON, Feb 2 (Reuters) – MSCI’s global equities gauge edged lower on Monday, with Wall Street providing a boost while the dollar rose and investors dealt with a deepening selloff in precious metals ahead of a week packed with corporate earnings, central bank meetings and major economic data. Also on Monday, crude oil […]
Heavy earnings week, jobs data to test US stocks after Microsoft swoon
Another huge batch of corporate earnings including from megacaps Alphabet and Amazon will test the U.S. stock market in the coming week after a disappointing report from heavyweight Microsoft weighed on equity indexes.
Trump calls rate questions on Fed nominee Warsh inappropriate, confident on cuts
Trump said it would be inappropriate to press Fed chair nominee Kevin Warsh on rate cuts but said he favors lower borrowing costs.
Trump picks former Fed official Warsh to run Fed
Trump nominated former Fed governor Kevin Warsh to succeed Jerome Powell, raising questions about Fed independence and rates.
Virginia not in recession, experts say, but significant challenges remain
An economic report from Old Dominion University’s Dragas Center for Economic Analysis and Policy does not forecast a recession for 2026, but that doesn’t mean it’s all sunshine and rainbows for Virginia’s economy.
US weekly jobless claims fall; trade deficit widens by the most in nearly 34 years
U.S. jobless claims fell last week, signaling low layoffs, though weak hiring is fueling concern about the labor market.
Stocks retreat from record high, dollar higher after Fed keeps rates steady
NEW YORK, Jan 28 (Reuters) – Global stocks were on pace to snap a five-session streak of gains on Wednesday, while the U.S. dollar held on to gains after the Federal Reserve kept rates steady, as widely expected. In keeping rates unchanged, the Fed cited still-elevated inflation alongside solid economic growth, and gave little indication […]
Fed leaves rates unchanged, sees ‘elevated’ inflation and stabilizing job market
The Federal Reserve held interest rates at 3.50%–3.75%, citing elevated inflation and steady growth, with little guidance on future cuts.
S&P 500 marks closing record as corporate earnings roll in; Medicare rates hit insurers
Jan 27 (Reuters) – The S&P 500 notched a record closing high and its fifth straight day of gains on Tuesday with a mixed reception to the latest earnings reports and a steep selloff in health insurers countering optimism ahead of megacap reports. UnitedHealth led losses in healthcare stocks and in the Dow Jones Industrial […]
