Month: August 2025
Trump says furniture tariffs are coming later this year
A shopper looks at chairs for sale at an At Home store in Queens, New York City, U.S., July 15, 2025. Kylie Cooper | Reuters The Trump administration has launched an investigation into imported furniture, President Donald Trump said Friday, setting the stage for new tariffs on a wide range of products. “Within the next […]
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Ghislaine Maxwell interview released by DOJ
Ghislaine Maxwell on September 20, 2013 in New York City. Laura Cavanaugh | Getty Images A top Department of Justice official questioned sex offender Jeffrey Epstein’s accomplice Ghislaine Maxwell about interactions with President Donald Trump — a former friend of Epstein — during a two-day interview in July, newly released transcripts revealed Friday. Deputy Attorney […]
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John Bolton was not targeted for criticizing Trump, Vance claims after FBI raid
FBI members carry boxes to the home of the former White House national security adviser John Bolton as it is searched by FBI, in Bethesda, Maryland, U.S., August 22, 2025. Tasos Katopodis | Reuters The law enforcement investigation of former Trump national security advisor John Bolton is “in the very early stages,” Vice President JD […]
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Here’s what current and former Fed officials are saying about Lisa Cook investigation
Key Points Current and former Federal Reserve officials have offered their thoughts about the Trump administration’s recent mortgage fraud allegations toward Fed Governor Lisa Cook. Former Boston Fed President Eric Rosengren told CNBC on Friday that “until there’s some facts out, I don’t think people should draw any conclusion,” while others such as Cleveland Fed […]
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Intel stock rises as Trump says chipmaker has agreed to sell stake to government
Lip-Bu Tan, chief executive officer of Intel Corp., departs following a meeting at the White House in Washington, DC, US, on Monday, Aug. 11, 2025. Alex Wroblewski | Bloomberg | Getty Images Intel shares rose about 6% on Friday after Bloomberg reported that the Trump administration is poised to announce that the U.S. government will […]
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The new gold play as investors look to hedge against risk, volatility
Gold has long been viewed as a safe-haven investment, and money has typically flowed into the asset as a hedge during uncertainty and volatility. This year, the tailwinds around tariffs and inflation have pushed the precious metal to a string of record highs. It’s also helped to bolster the growing number of gold-focused ETFs, which […]
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Stocks making the biggest moves midday: Microchip Technology, Builders FirstSource, Zoom Communications and more
Here are some of the stocks posting the biggest moves in midday trading Friday: Mohawk Industries , Builders FirstSource — Home construction plays jumped after Federal Reserve Chair Jerome Powell hinted that rate cuts could be around the corner, sparking hopes for lower borrowing costs. Builders FirstSource jumped 8%, while flooring company Mohawk Industries added […]
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Cleveland Fed’s Hammack casts doubt on interest rate cuts amid inflation worries
Key Points Cleveland Federal Reserve President Beth Hammack said Friday she would be hesitant about lowering interest rates as long as inflation remains a threat. In a CNBC interview, she said, “I don’t want to move us to a place where we’re being accommodative, because I worry that if we’re accommodative, we could reinvigorate the […]
Read MoreThe summer box office sizzled, but brace for a cooldown until November
Movie stills from Disney’s “Lilo & Stitch” and “Fantastic Four” and Warner Bros. Discovery’s “Superman.” Courtesy: Disney | 20th Century Studios | Marvel Studios | Warner Bros. Discovery Superheroes, dinosaurs and a genetically altered alien dog helped propel the summer box office haul above 2024 levels, but that momentum is about to stall. Heading into […]
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Ether surges, trading close to its record again after Powell speech teasing rate cuts
Omar Marques | Lightrocket | Getty Images The price of ether rebounded to near-record levels on Friday after Federal Reserve Chair Jerome Powell hinted at upcoming rate cuts and investors returned to risk-on mode. The second largest cryptocurrency was last higher by 12% at $4,738.91, according to Coin Metrics. Last week, ether nearly touched its […]
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