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As regime change looms at the Fed, one candidate emerges as frontrunner for chair
Key Points National Economic Council Director Kevin Hassett has been dubbed the clear favorite for the next Federal Reserve chair. Asked Sunday about the situation, Trump told reporters aboard Air Force One, “I know who I am going to pick, yeah. We’ll be announcing it.” Whomever the actual pick is will take over a Fed […]
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India’s industrial output grew just 0.4% in October, missing estimates
Workers assemble mobile phones at a Dixon Technologies factory in Noida, India, on Jan. 28, 2021. Bloomberg | Bloomberg | Getty Images India’s industrial production grew just 0.4% in October, indicating a sharp slowdown in the economy. The Index of Industrial Production (IIP) fell short of September’s 4% growth and is even lower than the 3.1% […]
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Stocks making the biggest moves premarket: CME Group, Tilray Brands, SanDisk & more
Check out the companies making headlines before the bell. SanDisk — The maker of flash memory products, including memory cards, climbed more than 4%. The stock, spun off from Western Digita l last February, enters the S & P 500 on Friday. Tilray Brands — The cannabis processor and owner of Montauk Brewing slid 14% […]
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India economy grows at faster-than-expected 8.2% in September quarter even as tariffs bite
Hadynyah | E+ | Getty Images In a quarter partially affected by the 50% U.S. tariffs, the Indian economy grew faster than expected at an annual rate of 8.2% in the quarter ending in September. The growth was an acceleration from 7.8% in the previous quarter, when a lower deflator unexpectedly boosted real growth. A […]
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Private payroll losses accelerated in the past four weeks, ADP reports
A ‘Now Hiring’ sign sits in the window of a Denny’s restaurant on Nov. 19, 2025 in Miami, Florida. Joe Raedle | Getty Images The U.S. labor market is showing further signs of weakening as the pace of layoffs has picked up over the past four weeks, payrolls processing firm ADP reported Tuesday. Private companies […]
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Core wholesale prices rose less than expected in September; retail sales gain
Core wholesale prices rose less than expected in September, indicating a potential cooling in pipeline inflation pressures, the Bureau of Labor Statistics reported Tuesday. The producer price index, a measure of what producers get for final demand goods and services, increased a seasonally adjusted 0.3% on the month, in line with the Dow Jones consensus […]
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One Fed official may have saved market from another rout. Why John Williams’ remarks matter so much
Key Points Messages that come out of the top echelon at the Fed are measured carefully, calibrated between delivering clear ideas about policy without causing undue reaction in financial markets. That’s why a speech Friday from the current New York Fed leader, John Williams, mattered so much to markets. Ongoing concerns about AI tempered a […]
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Delayed September report shows U.S. economy added 119,000 jobs, more than expected; unemployment rate at 4.4%
A ‘Now Hiring’ sign sits outside the entrance to a Burlington department store on Nov. 19, 2025 in Miami, Florida. Joe Raedle | Getty Images The U.S. economy added substantially more jobs than expected in September, according to a long-awaited report Thursday from the Bureau of Labor Statistics. Nonfarm payrolls increased by 119,000 in the […]
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Senators seek probe of Trump crypto venture over alleged token sales linked to North Korea and Russia
People walk past an advertisement feature Donald Trump with Solana, XRP, USDC Bitcoin in Hong Kong. May James | Sopa Images | Lightrocket | Getty Images Two U.S. Senators are pressing the Department of Justice and the Treasury to investigate a crypto company closely tied to the family of U.S. President Donald Trump over alleged […]
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Fed Governor Waller backs December rate cut as support for weakening labor market
Christopher Waller, governor of the US Federal Reserve, speaks during the C. Peter McColough Series on International Economics at the Council on Foreign Relations in New York, US, on Thursday, Oct. 16, 2025. Michael Nagle | Bloomberg | Getty Images Federal Reserve Governor Christopher Waller on Monday voiced support for another interest rate cut at […]
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