News
Americans are footing 90% of the tariff bill, Fed study reveals
2+ hour, 16+ min ago (641+ words) The costs of the 2025 tariff wave landed overwhelmingly on American businesses and households, not on foreign exporters, according to a new report. Using detailed customs data through November 2025, New York Fed economists found that nearly 90% of the economic burden from…...
Wealthspire to be acquired by Chicago PE firm as Aon divests most of its NFP wealth business
5+ mon, 1+ week ago (321+ words) Aon is to sell the majority of its NFP wealth business to a private equity firm based in Chicago. The global company's subsidiary has wealth and retirement advisory operations in the US, Canada, Puerto Rico, the UK, and Ireland, including…...
US holiday spending expected to drop on tariffs, higher prices
5+ mon, 1+ week ago (355+ words) Holiday spending in the US is poised to decline this year due to Gen Z's concerns about rising prices, tariffs and a higher cost of living, according to a survey by PricewaterhouseCoopers." A report released Wednesday shows consumers expect to…...
Over 450 economists back Cook, Fed independence in open letter
5+ mon, 1+ week ago (501+ words) Prominent economists are rallying behind Federal Reserve Governor Lisa Cook after President Donald Trump moved to fire her based on allegations that she committed mortgage fraud." More than 450 economists signed an open letter backing Cook, saying there is a high…...
Goldman and Citi see European stock rally surviving French drama
5+ mon, 2+ week ago (857+ words) The risk of another failed government in France is already priced in by markets and won't be enough to derail the best year for European equities relative to US stocks in almost two decades, according to top Wall Street strategists....
Stocks steady as traders look ahead to Nvidia: Markets Wrap
5+ mon, 2+ week ago (495+ words) by'Robert Brand and Andre Janse van Vuuren" European stocks found their footing after days of losses as investors awaited Nvidia Corp.s earnings for an update on the artificial intelligence boom that has powered equity gains this year." The Stoxx…...
Hassett sees Fed chair pick taking ‘another few months’
5+ mon, 2+ week ago (449+ words) National Economic Council Director Kevin Hassett indicated President Donald Trump's decision on who should succeed Federal Reserve Chair Jerome Powell is months away. "I would expect that this would run out for another few months before the president decides," Hassett…...
Stocks rally stalls as rate-cut optimism fades: Markets Wrap
5+ mon, 2+ week ago (756+ words) by'Robert Brand and Allegra Catelli US equity futures and European stocks retreated as some of the euphoria around expectations of Federal Reserve interest rate cuts eased, with concerns about tariffs and their impact on inflation and corporate profits back in…...
Bond market’s big Powell rally needs supportive data to march on
5+ mon, 2+ week ago (939+ words) by Michael MacKenzie, Ye Xie and Greg Ritchie Jerome Powell sent the US bond market up on Friday by telegraphing his Federal Reserve will resume reducing interest rates as soon as next month." Beyond September, it's up to the economy…...
Bond market rate-cut bets face Powell reckoning at Jackson Hole
5+ mon, 3+ week ago (891+ words) Bond investors are heading into Friday's much-anticipated Jerome Powell speech largely expecting the Federal Reserve chair will indicate policymakers will start cutting interest rates next month." Powell's speech, slated for 10 a.m. New York time at the central bank's annual gathering in…...