Finance
Here are the five key takeaways from Wednesday’s Fed rate decision
U.S. Federal Reserve Chair Jerome Powell speaks during a press conference following a two-day meeting of the Federal Open Market Committee (FOMC) on interest rate policy, in Washington, D.C., U.S., Jan. 28, 2026. Jonathan Ernst | Reuters The Federal Reserve wrapped up a two-day policy meeting Wednesday, delivering pretty much what the market expected and […]
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DoubleLine’s Jeffrey Gundlach sees no more Fed rate cuts under Jerome Powell
watch now VIDEO4:0004:00 Center portfolio around dollar being secularly week even if economy weakens: DoubleLine’s Gundlach Closing Bell DoubleLine Capital CEO Jeffrey Gundlach said Wednesday he expects the Federal Reserve to stay on hold for the remainder of Jerome Powell’s term as chair with a more balanced outlook for the economy. “I think I would […]
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Powell says Cook Supreme Court case is the most important in the Fed’s 113-year history
Key Points Federal Reserve Chair Jerome Powell offered his first explanation into his controversial decision to attend Fed Governor Lisa Cook’s Supreme Court hearing. He said it was among the most important legal cases that the central bank has ever seen. Source
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Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in December. Text removed from the December statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both statements. […]
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Stocks making the biggest moves midday: Intel, AT&T, Stride, Elevance Health, Textron & more
Check out some of the companies making the biggest moves midday: Intel – The chipmaker climbed more than 11%, boosted by a report from DigiTimes saying Nvidia will shift chip production from Taiwan Semiconductor Manufacturing to Intel in 2028. Taiwan Semi added 1%. ASML — U.S.-listed shares of the semiconductor equipment maker fell more than […]
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JPMorgan Chase and Bank of America to match $1,000 U.S. contributions to employee ‘Trump accounts’
Key Points JPMorgan Chase and Bank of America said Wednesday in separate announcements that the firms will match the U.S. government’s one-time $1,000 contribution to new children’s retirement savings accounts for eligible employees, the latest financial firm to announce such a measure. The so-called “Trump accounts” are part of a pilot program that deposits $1,000 […]
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Stocks making the biggest moves premarket: ASML, Texas Instruments, Qorvo & more
Check out the companies making the biggest moves in the premarket: ASML — U.S.-listed shares of the semiconductor equipment giant reported record orders and issued strong 2026 guidance due to the artificial intelligence boom. The company also announced a share buyback program worth 12 billion euros. Texas Instruments — The chipmaker jumped more than 8% […]
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Airbus, AstraZeneca and HSBC executives join UK’s Starmer on high-stakes China trip
Key Points Starmer brings nearly 60 business and cultural groups on first U.K. leader visit to China in eight years. Talks with Xi and Li focus on trade, investment and national security. Visit follows a surge of foreign leaders engaging Beijing amid global tensions. Source
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Dollar suffers worst one-day slide since last April after Trump says currency hasn’t fallen too low
Key Points The U.S. dollar fell about 1.3% on Tuesday, posting its worst day since April 10, 2025. It touched its lowest level since February 2022. During his visit to Iowa, President Donald Trump was asked whether he was comfortable with the current value of the greenback. “I think it’s great,” Trump said of the […]
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