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Latest in Financial News
8 stories
Jerome Powell warns that politicizing Fed will erode its credibility
Former Fed Chair Jerome Powell on Sunday called the Federal Reserve’s independence “a priceless asset” that must be protected, in one of his first major speeche…
U.S. manufacturers extend best hot streak since 2022, so why aren’t business leaders happy?
American manufacturers grew in May for the fifth month in a row — the biggest winning streak in four years — but lingering anxiety about the Trump tariffs and a…
June Mortgage Outlook: Rates Could Climb as Hopes Fade for a Fed Cut
Mortgage interest rates are likely to rise in June, as they have since the start of the Iran war.…
Did Trump spark an IBM stock rally? It’s complicated.
IBM’s strong stock momentum Monday comes as the software sector continues its comeback.…
Oil prices drop after Trump tries to reassure traders that peace deal is coming
West Texas Intermediate and Brent crude’s front-month contracts both edged lower after hitting monthly highs during Monday’s session.…
Trump taps Pulte for a top intelligence job. This makes an IPO for Fannie and Freddie look even more unlikely.
Shares in Fannie Mae and Freddie Mac tumbled Tuesday as traders reacted to President Donald Trump’s announcement that Bill Pulte, the chair of the two governmen…
Trump signs a scaled-back executive order on AI. Critics say it’s almost meaningless.
President Donald Trump on Tuesday signed an executive order on artificial intelligence that aims to set up a framework for AI companies to voluntarily inform th…
OECD gives a stark warning while lowering 2027 growth forecasts
Organization for Economic Cooperation and Development is warning of the risks of inflation. But that’s not all.…