Breaking News: Economy
Republican Sen. Thom Tillis vows to block Trump’s Fed nominees following Powell probe
Key Points Sen. Thom Tillis, R-N.C., said he will block any Trump Fed nominees, including for chair, in light of revelations that the Justice Department is investigating Jerome Powell for potential perjury charges. That position substantially complicates the road to replacing Powell, whose term as chair expires in May. While Powell’s term as chair ends […]
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Yellen says Powell probe ‘extremely chilling’ for Fed independence, market should be concerned
Treasury Secretary Janet Yellen speaks with CNBC from the New York Federal Reserve on Sept. 26th, 2024. David A. Grogan | CNBC Former Federal Reserve Chair Janet Yellen on Monday condemned an investigation into her successor, Jerome Powell, saying it compromises the central bank’s independence. Yellen, who served as Treasury secretary after leaving the Fed, […]
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Banks including Citi, JPMorgan slide after Trump calls for credit card interest rate limit
Banks and financial services stocks slid Monday after U.S. President Donald Trump called for a one-year cap on credit card interest rates at 10%. Citi Group lost almost 4% in premarket trading and JPMorgan Chase was down 3%. Bank of America fell 2.45%, Visa declined 1.58%, and Mastercard was 2% in the red. Broader finance names […]
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We’re in a ‘hiring recession,’ economist says — how job seekers can stand out
Maskot | Digitalvision | Getty Images A cooling labor market, characterized by sluggish hiring and anemic job creation, made it hard for job seekers to find work in 2025, according to economists. “It’s fair to say that 2025 was a hiring recession in the United States,” Heather Long, chief economist at Navy Federal Credit Union, […]
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Trump revealed some of Friday’s jobs data early in post the prior day
President Donald Trump in a social media post Thursday evening indirectly revealed data from Friday’s market-moving nonfarm payrolls count, an apparent violation of long-standing federal policy on statistical releases. In a Truth Social post around 9 p.m. ET, the president indicated that private sector payrolls had expanded by 654,000 for the full year of 2025, […]
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U.S. payrolls rose 50,000 in December, less than expected; unemployment rate falls to 4.4%
A “Now Hiring” sign at the Appalachian State University internship and job fair in Boone, North Carolina, US, on Friday, Oct. 24, 2025. Allison Joyce | Bloomberg | Getty Images The U.S. labor market ended 2025 on a soft note, with job creation in December less than expected, according to a report Friday from the […]
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BlackRock predicts major shift in retail investors’ access to cryptocurrencies
ETF Edge BlackRock predicts major shift in retail investors’ access to cryptocurrencies Published Fri, Jan 9 20267:00 AM EST Jill Schneider WATCH LIVE Source
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European markets in positive territory; Greenland remains in focus
LONDON — European markets opened in positive territory on Friday. The pan-European Stoxx 600 was up 0.37% at 8:30 a.m. in London (3:30 a.m. ET), with major regional bourses and most sectors in the green. It was confirmed Friday morning that British mining firm Rio Tinto was in preliminary talks to acquire Swiss firm Glencore, […]
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Trump instructs ‘representatives’ to buy $200 billion in mortgage bonds, aiming to lower rates
US President Donald Trump speaks during a bill signing ceremony in the Oval Office of the White House in Washington, DC, US, on Friday, Dec. 12, 2025. Francis Chung | Politico | Bloomberg | Getty Images President Donald Trump on Thursday said he is “instructing my Representatives” to buy $200 billion in mortgage bonds, claiming […]
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Stocks making the biggest moves after hours: General Motors, Intel, Tilray Brands & more
Check out the companies making headlines in after-hours trading. General Motors — Shares of the Detroit automaker dropped 2% in extended trading after General Motors said in a regulatory filing that it will record $7.1 billion in special charges for the fourth quarter of 2025 tied to its pullback in electric vehicles and restructuring efforts […]
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