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News
Who is Kevin Warsh, Trump's Federal Reserve chair nominee?
7+ mon, 1+ week ago (363+ words) President Donald Trump said Friday he will nominate Kevin Warsh to be the next chair of the Federal Reserve after Jerome Powell's term ends in May. Warsh, 55, was a member of the Fed's board from 2006 to 2011. He was the youngest…...
Senate confirms Kevin Warsh as chairman of the Federal Reserve
3+ mon, 4+ week ago (792+ words) The Senate confirmed President Donald Trump's nominee to lead the Federal Reserve, Kevin Warsh, bringing new leadership to the world's most powerful central bank at a fraught moment for the global economy. Warsh was confirmed Wednesday in a largely party-line…...
Get the Facts: Breaking down WS/FCS’s $37 million deficit from 2024-2025
11+ mon, 1+ week ago (411+ words) The district owes several vendors, the NC Department of Public Instruction, and itself. Next week, Winston-Salem/Forsyth County Schools leaders will continue to work on tackling the school district’s budget crisis. The district’s financial issues have persisted for months, and…...
Trump says he is suing JPMorgan Chase and CEO Jamie Dimon for alleged 'political' debanking
7+ mon, 3+ week ago (609+ words) time, Trump publicly excoriated Bank of America CEO Brian Moynihan over alleged debanking. “I hope you start...
Fed Chair Jerome Powell finishes his term | Here are takeaways from his legacy
3+ mon, 4+ week ago (1145+ words) When Jerome Powell was sworn in as chair of the Federal Reserve eight years ago, economists worried that inflation and interest rates were too low and that too few Americans had jobs. Now, as Powell steps down from the post…...
Trump administration narrows list of potential Federal Reserve chairs to 5
10+ mon, 2+ week ago (775+ words) Treasury Secretary Scott Bessent on Monday confirmed the names of five candidates to replace Jerome Powell as chair of the powerful Federal Reserve next year. On an Air Force One flight to Asia with President Donald Trump, Bessent said he…...
Warren Buffett's Berkshire Hathaway to pay $9.7 billion for Occidental Petroleum's OxyChem
11+ mon, 1+ week ago (305+ words) Warren Buffett announced his biggest deal in years Thursday with Berkshire Hathaway's $9.7 billion acquisition of Occidental Petroleum's chemical division. The deal for OxyChem could be Buffett's last big deal before he hands over the CEO title to Vice Chairman Greg…...
Here's what Trump's Fed pick could have in store for the world's most powerful central bank
4+ mon, 3+ week ago (1146+ words) Kevin Warsh has spent years criticizing the Federal Reserve for doing too much. More recently, he has suggested it may need to do the opposite. That tension will be front and center Tuesday at his confirmation hearing before the Senate…...
President Trump calls for new cap on credit card interest rates
8+ mon, 2+ day ago (328+ words) It wasn't immediately clear how the president plans to enforce the policy, which he said would take effect later this month. President Donald Trump is calling for a cap on credit card interest rates starting later this month, but it…...
Rossen Reports: Should you refinance your mortgage now?
11+ mon, 1+ week ago (159+ words) With mortgage rates dropping, Jeff Rossen explains when refinancing makes financial sense and when it does not. Mortgage rates have dropped, but refinancing is not always the right move. The first rule is to check if your current rate is…...