News
Stronger-Than-Expected Jobs Report Fuels Trump Push For Rate Cuts
1+ hour, 49+ min ago (277+ words) United States payrolls added 130,000 jobs in January. The United States labor market added more jobs than expected in January, according to a report from the Bureau of Labor Statistics released on Wednesday. Nonfarm payrolls rose a seasonally adjusted 130,000 for the…...
Who is Kevin Warsh? Meet President Trump’s Pick To Chair The Federal Reserve
1+ week, 5+ day ago (447+ words) WASHINGTON'President Donald Trump on Friday nominated former Federal Reserve governor Kevin M. Warsh to serve as the board's next chairman. Trump's long-awaited announcement comes after months of the president vowing to replace outgoing chairman Jerome Powell. Warsh came as a bit…...
Trump Urges Congress To Cap Credit Card Interest Rates As Republican Leaders Push Back On Plan
3+ week, 55+ min ago (586+ words) Trump made his request to Congress while speaking at the World Economic Forum in Davos. President Donald Trump urged Congress on Wednesday to pass legislation capping credit card interest rates at 10% for the next year, a proposal that has drawn…...
U.S. Job Growth Stuck In Slow Gear In December; Unemployment Rate Dips To 4.4%
1+ mon, 2+ day ago (816+ words) The labor market lost considerable momentum last year, with only 584,000 jobs added, averaging 49,000 positions per month. WASHINGTON, Jan 9 (Reuters) " U.S. employment growth slowed more than expected in December amid job losses in the construction, retail and manufacturing sectors, but a decline…...