Breaking News: Economy

Trump reciprocal tariffs could come by Thursday, White House says
World

Trump reciprocal tariffs could come by Thursday, White House says

U.S. President Donald Trump looks on, as he signs executive orders in the Oval Office of the White House in Washington, U.S., Feb. 10, 2025.  Kevin Lamarque | Reuters President Donald Trump could announce his reciprocal tariff plan before he meets with Indian Prime Minister Narendra Modi on Thursday, the White House said Wednesday. “I […]

Read More
Stocks making the biggest moves premarket: CVS, Super Micro Computer, Meta Platforms and more
Finance

Stocks making the biggest moves premarket: CVS, Super Micro Computer, Meta Platforms and more

Check out the companies making headlines before the bell: CVS — Shares jumped more than 8% after the pharmacy operator reported fourth-quarter results that beat analysts’ expectations. The company earned an adjusted $1.19 per share on revenue of $97.71 billion. Analysts polled by LSEG expected a profit of 93 cents per share on revenue of […]

Read More
Consumer prices rise 0.5% in January, higher than expected as annual rate rises to 3%
World

Consumer prices rise 0.5% in January, higher than expected as annual rate rises to 3%

Inflation perked up more than anticipated in January, providing further incentive for the Federal Reserve to hold the line on interest rates. The consumer price index, a broad measure of costs in goods and services across the U.S. economy, accelerated a seasonally adjusted 0.5% for the month, putting the annual inflation rate at 3%, the […]

Read More
Watch Fed Chair Powell speak live before House Financial Services Committee
Finance

Watch Fed Chair Powell speak live before House Financial Services Committee

[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell returns to Capitol Hill on Wednesday for the second day of his semiannual updates on monetary policy. The central bank leader appears before the House […]

Read More
Trump says interest rates should be lowered to go ‘hand in hand’ with his tariffs
World

Trump says interest rates should be lowered to go ‘hand in hand’ with his tariffs

U.S. President Donald Trump speaks in the Oval Office of the White House in Washington, D.C., U.S., Feb. 11, 2025.  Kevin Lamarque | Reuters President Donald Trump again switched positions on the Federal Reserve, indicating in a social media post Wednesday that interest rates need to come down. “Interest Rates should be lowered, something which […]

Read More
10-year Treasury yield shoots above 4.6% after hot CPI report
World

10-year Treasury yield shoots above 4.6% after hot CPI report

The consumer price index rose 0.5% in January, and is up 3.0% over the last 12 months, according to the Bureau of Labor Statistics. Economists surveyed by Dow Jones were expecting a monthly rise of 0.3% and a 2.9% increase year over year. Core CPI, which excludes volatile food and energy prices, rose 0.4% for […]

Read More
Japan requests US to exclude Japan from steel and aluminum tariffs
World

Japan requests US to exclude Japan from steel and aluminum tariffs

Muto Yoji, Japan’s minister of economy, trade and industry. Toshifumi Kitamura | Afp | Getty Images Japan industry minister Yoji Muto said on Wednesday the nation has requested that the United States exempt Japan from steel and aluminum tariffs. U.S. President Donald Trump substantially raised tariffs on steel and aluminum imports on Monday to a flat 25% “without exceptions or exemptions,” saying they would aid struggling industries in […]

Read More
Fed Chair Powell says central bank doesn’t ‘need to be in a hurry’ to lower interest rates further
Finance

Fed Chair Powell says central bank doesn’t ‘need to be in a hurry’ to lower interest rates further

Key Points Fed Chair Jerome Powell reiterated the central bank’s commitment to bringing inflation down and signaled that policymakers aren’t in a rush to get interest rates lower. Powell’s comments came in the first of two appearances this week on Capitol Hill. Source

Read More
Watch Fed Chair Powell testify live before the Senate Banking Committee
Finance

Watch Fed Chair Powell testify live before the Senate Banking Committee

[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell delivers his semiannual remarks on monetary policy and the economy this week on Capitol Hill. First up will be an appearance Tuesday before the Senate […]

Read More
Trump’s steel tariffs could trigger broader trade war as EU threatens ‘proportionate countermeasures’
World

Trump’s steel tariffs could trigger broader trade war as EU threatens ‘proportionate countermeasures’

Ursula von der Leyen (CDU, r), President of the European Commission, stands in the plenary chamber of the European Parliament. Philipp von Ditfurth | Picture Alliance | Getty Images The European Union plans to retaliate against the United States for new steel and aluminum tariffs, adding another element to rising global trade tensions. “Unjustified tariffs […]

Read More