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Wall Street CEOs back Fed independence as Trump administration probes Powell
Wall Street CEOs back Fed independence after a Trump administration probe of Chair Jerome Powell sparks market and inflation concerns.
Capital One $425 million depositor settlement wins preliminary approval after earlier rejection
NEW YORK, Jan 12 (Reuters) – A federal judge granted preliminary approval on Monday to Capital One’s revised $425 million class action settlement with depositors who said they were cheated out of high interest rates, two months after an earlier accord was rejected. U.S. District Judge David Novak in Alexandria, Virginia, ruled after Capital One […]
Dollar gains against major currencies following U.S. jobs data
NEW YORK, Jan 9 (Reuters) – The dollar gained on Friday after data showed slower than expected U.S. jobs growth, suggesting the Federal Reserve could leave interest rates unchanged later this month. Financial markets had been bracing for a probable Supreme Court decision that could strike down President Donald Trump‘s tariffs. But the court will […]
S&P 500, Nasdaq dip to start 2026 after last year’s robust gains
Jan 2 (Reuters) – The S&P 500 and the Nasdaq pared early gains and then dipped on Friday in the first session of the new year, with declines in communications and consumer discretionary stocks dragging the indexes which notched double-digit gains in 2025. Industrials were up 1% and utilities gained 1.3%, the top boosts to […]
Dollar climbs to start 2026 after biggest annual drop in eight years
LONDON, Jan 2 (Reuters) – The U.S. dollar kicked off 2026 on a stronger note on Friday after struggling against most currencies last year, as traders awaited a flurry of U.S. economic data next week, including several reports on the labor market, to gauge the path of interest rates. A narrowing interest rate difference between […]
Fairfax’s commercial real estate market perks up
As vacancy remains elevated and older buildings struggle, companies like Iridium, Booz Allen and Workday are relocating to newer, amenity-rich offices in Tysons and Reston.
US consumer prices increase less than expected in November
U.S. CPI rose 2.7% in November, below forecasts, lifting bets on a January Fed rate cut after shutdown-hit data and markets rallied.
Fed’s Waller says he ‘absolutely’ would defend US central bank’s independence
NEW YORK, Dec 17 (Reuters) – Federal Reserve Governor Christopher Waller, who is on the short list to succeed Fed Chair Jerome Powell next year, said on Wednesday he would “absolutely” defend the central bank’s independence if it were challenged by a U.S. president. Waller, who is set to meet with President Donald Trump about […]
Wall St ends mixed after paring earlier losses
U.S. stocks closed mixed as the Nasdaq rose and the Dow fell, with investors weighing delayed jobs data and the Fed’s 2025 outlook.
Investors eager for delayed data to shed light on US economy
Delayed U.S. jobs and inflation reports will give markets fresh clarity after a government shutdown as investors assess Fed policy and year-end risks.
Dow, S&P 500 hit records despite AI stock slump
NEW YORK (AP) — Wall Street set records on Thursday, even as a sell-off for Oracle and worries about a potential bubble in artificial-intelligence technology weighed on the market. The S&P 500 inched up 0.2% and eked past its prior all-time closing high, which was set in October. The Dow Jones Industrial leaped 646 points, or 1.3%, to top its […]
Jobless claims jump, but labor market still appears steady
WASHINGTON (AP) — The number of Americans applying for unemployment benefits jumped last week, but remain in the same historically healthy range of the past few years despite growing concern over the health of the labor market. U.S. jobless claim applications for the week ending Dec. 6 climbed by 44,000 to 236,000 from the previous […]
