News
WH adviser Hassett urges 'discipline' for Fed economists over tariff study
2+ hour, 1+ min ago (266+ words) The paper is an embarrassment," Kevin Hassett, director of the White House's National Economic Council said in an interview on CNBC. "It's the worst paper I've ever seen in the history of the Federal Reserve system. The people associated with…...
Fed minutes: Lower inflation needed before many officials will support rate cuts
5+ hour, 1+ min ago (228+ words) Many Federal Reserve officials want to see inflation fall further before they would support additional interest rate cuts this year, particularly if the job market continues to stabilize, minutes of last month's meeting show The "vast majority" of the 19 participants…...
CBO: Federal deficits and debt to worsen over next decade
1+ week, 9+ hour ago (452+ words) Compared with the CBO's analysis this time last year, the fiscal outlook has deteriorated modestly. Major developments over the last year are factored into the latest report, released Wednesday, including Republicans' tax and spending measure known as the "One Big…...
US stocks wobble after feeling both the upside and downside of a strong jobs report
1+ week, 19+ hour ago (778+ words) After initially rising toward an all-time high, the S&P 500 flipped between gains and losses before finishing with a minuscule dip of less than 0.1%. The Dow Jones Industrial Average dropped 66 points, or 0.1%, and the Nasdaq composite fell 0.2%. Both also erased…...
Honda reports declining profit as Trump's tariffs and EV moves hurt Japanese automaker's results
1+ week, 1+ day ago (317+ words) Tokyo-based Honda Motor Co.s profit over the three quarters totaled 465.4 billion yen ($3 billion), down from 805.2 billion yen. That marked the second straight year that profit declined during the period at Honda, the maker of the Accord sedan, Civic compact…...
Asian benchmarks mostly rise, led by a post-election rally in Japan
1+ week, 1+ day ago (514+ words) Japan's benchmark Nikkei 225 jumped 2.6% to 57,821.58. The index recorded a 3.9% jump to a record Monday, a day after the landslide victory for Sanae Takaichi's political party in a parliamentary election. Hopes are high Takaichi will push through reforms expected to boost…...
Europe's central bank maintains interest rate with economic growth resilient
1+ week, 6+ day ago (165+ words) The European Central Bank is leaving interest rates unchanged as the economy in the 21 countries that use the euro chugs past the disruption from U.S. President Donald Trump's tariffs with growth modest, yet resilient The bank left its benchmark deposit rate…...
Bank of England maintains interest rate at 3.75% with inflation still above target
1+ week, 6+ day ago (257+ words) The decision was widely anticipated in financial markets. Since then, a series of economic indicators have shown the British economy has made a stronger than anticipated start to the year, which has the potential to put upward pressure on inflation....
Alphabet and dour data on the US job market hit Wall Street as bitcoin tumbles
1+ week, 6+ day ago (755+ words) The S&P 500 fell 0.9% and is heading toward its sixth loss in the seven days since it set an all-time high. The Dow Jones Industrial Average was down 486 points, or 1%, as of 11:45 a.m. Eastern time, and the Nasdaq composite was 0.9% lower....
Big Tech stocks pull Wall Street lower again
1+ week, 6+ day ago (483+ words) Markets are modestly lower before the opening bell Thursday with parts of the technology sector under pressure and bitcoin hitting its lowest price in 15 months. Futures for the S&P 500 fell 0.1%, while futures for the technology-heavy Nasdaq dipped 0.2%. Dow Jones…...