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Wall Street gains ground as China shores up its economy ahead of trade talks with the US
May 7, 2025

Wall Street gains ground as China shores up its economy ahead of trade talks with the US

Stocks fluctuated as China rolled out new economic support and U.S. trade talks loom, while tech shares and tariff worries pressured markets.

Federal Reserve likely to defy Trump, keep rates unchanged this week
May 5, 2025

Federal Reserve likely to defy Trump, keep rates unchanged this week

The Federal Reserve is expected to hold interest rates steady despite pressure from Trump and tariff concerns, as inflation remains above target.

US inflation cools and Americans step up spending as they brace for tariff impact
Apr 30, 2025

US inflation cools and Americans step up spending as they brace for tariff impact

Inflation slowed to 2.3% in March while consumer spending jumped, especially on cars, ahead of Trump's tariffs. Fed expected to hold interest rates.

Wall Street’s rally fades as more CEOs talk about uncertainty because of Trump’s trade war
Apr 25, 2025

Wall Street’s rally fades as more CEOs talk about uncertainty because of Trump’s trade war

Wall Street’s rally stalls as macroeconomic uncertainty, weak forecasts, and shifting tariffs weigh on stocks. Big Tech helps limit broader losses.

Sell-off worsens worldwide and Dow drops 1,200 after China retaliates against Trump tariffs
Apr 23, 2025

Stock market today: Markets bounce after Trump says he won’t try to fire Fed Chair Powell

U.S. markets are poised to open with big gains, a clear sign of relief after President Donald Trump said he would not attempt to fire the head of the Federal Reserve. Futures for the Dow Jones Industrial Average jumped 1.9% before the bell Wednesday, while S&P 500 futures rose 2.6%. Nasdaq futures climbed a full 3%. Trump, […]

President Donald Trump speaks with reporters as he participates in a ceremonial swearing in of Paul Atkins as chairman of the Securities and Exchange Commission, in the Oval Office of the White House, Tuesday, April 22, 2025, in Washington. (AP Photo/Alex Brandon)
Apr 22, 2025

Trump says he has ‘no intention’ of firing Federal Reserve chair

President Donald Trump said Tuesday he has no plans to fire Federal Reserve Chair Jerome Powell, just days after his statement that he would like to terminate the head of the U.S. central bank caused a stock market selloff. Trump told reporters, “I have no intention of firing him." The U.S. president had previously insinuated otherwise as he said he could fire Powell if he wanted to, having been[...]

US Treasury secretary says trade war with China is not ‘sustainable’
Apr 22, 2025

US Treasury secretary says trade war with China is not ‘sustainable’

WASHINGTON (AP) — U.S. Treasury Secretary Scott Bessent said in a Tuesday speech that the ongoing tariffs showdown against China is unsustainable and expects a “de-escalation” in the trade war between the world’s two largest economies. But in a private speech in Washington for JPMorgan Chase, Bessent also cautioned that talks between the United States […]

FILE - A sign stands outside a home for sale in the Alamo Placits neighborhood Tuesday, Aug. 27, 2024, in central Denver. (AP Photo/David Zalubowski, File)
Mar 20, 2025

Average US rate on a 30-year mortgage rises slightly for the second week in a row

Associated Press (AP) — The average rate on a 30-year mortgage in the U.S. rose slightly for the second week in a row, a modest setback for prospective home shoppers as the spring homebuying season ramps up. The rate rose to 6.67% from 6.65% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate […]

Federal Reserve Chair Jerome Powell speaks during the annual U.S. Monetary Policy Forum, in New York, Friday, March 7, 2025. (AP Photo/Richard Drew),
Mar 19, 2025

Federal Reserve keeps interest rate unchanged, sees slower growth, slightly higher inflation ahead

WASHINGTON (AP) — The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this year, though more policymakers forecast fewer cuts. The Fed also now expects the economy to grow more slowly this year and next than it did three months ago, according to a […]

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Feb 25, 2025

Fed should be cautious amid uncertainty, Barkin says

Although inflation is coming down, the Federal Reserve Bank should exercise caution amid economic and geopolitical uncertainty, Federal Reserve Bank of Richmond President and CEO Tom Barkin said Tuesday while addressing a Rotary Club of Richmond meeting. The economy is in a good place, Barkin said, citing the 2.5% growth in the nation’s gross domestic […]

Trump 2.0: Making real estate great again?
Feb 3, 2025

Trump 2.0: Making real estate great again?

Let Trump be Trump. A campaign staffer’s now-famous motto during President Donald Trump‘s 2016 bid for president nods to the mercurial nature of the real estate mogul and former reality television star — as well as a similar slogan from “The West Wing.” And Trump himself has repeatedly said he trusts his gut over his […]

A Capital One sign in front of a glass-paneled building
Jan 14, 2025

CFPB sues Capital One, claiming bank avoided paying $2B in interest

The Consumer Financial Protection Bureau has sued Capital One and its McLean holding company, Capital One Financial, alleging the companies cheated millions of consumers out of more than $2 billion in interest payments, the federal agency announced Tuesday. Capital One, the CFPB alleges, promised customers that its flagship 360 Savings account provided one of the […]

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