News

Wall Street drifts back within 4% of its all-time high as S&P 500 tilts toward a 4th straight gain
U.S. stocks are drifting following mixed reports that shed little clarity on how the U.S. economy is managing through ...
U.S. preparing to relax big-bank capital rules
The Federal Reserve and two other agencies are expected as soon as next month to propose easing requirements for certain ...
Walmart to raise prices to offset effects of Trump’s tariffs
Despite Trump announcing trade deals with the United Kingdom and China, which lowered tariffs as he attempts to de-escalate the trade war that ensued following his April “Liberation Day” tariff ...
Powell warns economy could face more frequent 'supply shocks'
Fed Chair Jerome Powell spoke about how the central bank's monetary policy framework could shift if inflation is more ...
Wall Street drifts higher following a jumble of mixed reports on the US economy
The S&P 500 was 0.4 percent higher in afternoon trading after erasing a modest, earlier loss that had it on track for its ...
Canadian dollar gains as investors eye Fed easing prospects
The Canadian dollar strengthened against its U.S. counterpart on Thursday as U.S. economic data fueled speculation the ...
Walmart CEO says chain will raise prices due to Trump tariffs that are 'still too high'
During an earnings call Thursday Walmart said it will be forced to raise prices soon even with the reduced tariffs on China ...
Fed Chair warns of ‘persistent supply shocks’, analyst responds
Fed Chair Jerome Powell warns of persistent supply shocks driving inflation — crypto analyst says Bitcoin is becoming a safe ...
US applications for jobless benefits hold firm as layoffs remain low despite tariff uncertainty
WASHINGTON (AP) — U.S. applications for jobless benefits held steady last week as layoffs remain low despite uncertainty over ...
Fed's Barr says economy on solid footing, trade dispute clouds outlook
The U.S. economy is on solid footing with inflation heading to the central bank's 2% target, but trade policies have clouded ...
Powell signals return toward inflation-first strategy
In the wake of the pandemic, long-term interest rates are now much higher than in the 2010s. In part, these higher rates "reflect the possibility that inflation could be volatile going forward than in ...
Fed Chief Jerome Powell warns that U.S. could face "supply shocks"
The Fed's warning echoes that of analysts who say U.S. companies could face inventory shortfalls as a result of ...