U.S. Federal Reserve Chair Jerome Powell and U.S. President Donald Trump.Craig Hudson | Evelyn Hockstein | ReutersPresident Donald Trump on Friday called for Federal Reserve Chair Jerome Powell to cut interest rates."This would be a PERFECT time for Fed Chairman Jerome Powell to cut Interest Rates. He is always...
U.S. President Donald Trump holds a chart next to U.S. Secretary of Commerce Howard Lutnick as Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington, D.C., on April 2, 2025.Carlos Barria | ReutersThe tariff policy outlined by President Donald Trump on Wednesday appears...
Treasury Secretary Scott Bessent said Thursday that his previous comments about a "detox period" for the U.S. economy did not mean that a recession was necessary."Not at all. Doesn't have to be, because it will depend on how quickly the baton gets handed off. Our goal is to have...
Eggs are displayed for sale in a Manhattan grocery store on Feb. 25, 2025 in New York City.Spencer Platt | Getty ImagesThe U.S. Justice Department has opened an investigation into potential antitrust issues related to the surging price of eggs, The Wall Street Journal reported Friday, citing people familiar...
U.S. Treasury Secretary Scott Bessent attends at an Economic Club of New York event in New York City, U.S., March 6, 2025. Jeenah Moon | ReutersTreasury Secretary Scott Bessent on Friday acknowledged some signs of weakness in the U.S. economy."Could we be seeing that this economy that we inherited...
A person displays a sign as labor union activists rally in support of federal workers during a protest, with the U.S. Capitol in the background on Capitol Hill in Washington, U.S., Feb. 11, 2025. Craig Hudson | ReutersThe sudden cuts to the federal workforce under President Donald Trump will likely...
U.S. President Donald Trump sits in the Oval Office of the White House in Washington on Feb. 13, 2025.Kevin Lamarque | ReutersDefense stocks dropped sharply Thursday afternoon after President Donald Trump suggested the U.S. could massively cut defense spending.Trump said Thursday at the White House the U.S. could cut...
Ursula von der Leyen (CDU, r), President of the European Commission, stands in the plenary chamber of the European Parliament.Philipp von Ditfurth | Picture Alliance | Getty ImagesThe European Union plans to retaliate against the United States for new steel and aluminum tariffs."Unjustified tariffs on the EU will not...
Health care was a bright spot once again for the U.S. economy in January, even as overall job growth showed signs of slowing.Data on job growth in different area of the economy from the Bureau of Labor Statistics showed health care and social assistance as the leading category, adding...
Here are the stocks making the biggest moves in the evening of Wednesday, Jan. 22. Electronic Arts — Shares of the video game publisher fell 10% after the company lowered its fiscal third quarter and full-year guidance for net bookings. The company said a slowdown for its Global Football...