Breaking News: Economy
Op-ed: The groupthink mind virus has taken over Wall Street and Washington in the worst way
US President Donald Trump, alongside Secretary of Treasury Scott Bessent (L) and Secretary of Commerce nominee Howard Lutnick (R), signs an executive order to create a US sovereign wealth fund, in the Oval Office of the White House on February 3, 2025, in Washington, DC. Jim Watson | Afp | Getty Images What happens when […]
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Why Trump’s economic policies may have canceled the DOGE dividend check, at least for now
Elon Musk stands as he is recognized by U.S. President Donald Trump during Trump’s address to a joint session of Congress at the US Capitol in Washington, DC, on March 4, 2025. Saul Loeb | Afp | Getty Images Stocks are wobbling. Inflation is expected to tick higher again, if maybe only in the short-term, […]
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‘Some more banana skins in front of us’: Why investors may want to increase exposure to bonds
ETF Edge ‘Some more banana skins in front of us’: Why investors may want to increase exposure to bonds Published Sat, Mar 22 202511:00 AM EDT Yaritza Diaz WATCH LIVE Source
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Trump says ‘there’ll be flexibility’ on reciprocal tariffs
U.S. President Donald Trump delivers remarks in the Oval Office at the White House, in Washington, D.C., U.S., March 21, 2025. Carlos Barria | Reuters President Donald Trump on Friday said there will be “flexibility” on his reciprocal tariff plan, even as he seemed to oppose the idea of making exceptions for the forthcoming duties. […]
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UAE commits to $1.4 trillion investment framework in US, White House says
Abu Dhabi, United Arab Emirates Bojabo | Istock | Getty Images The United Arab Emirates has committed to a 10-year, $1.4 trillion investment framework in the United States after top UAE officials met President Donald Trump this week, a White House official said on Friday. The new framework will “substantially increase the UAE’s existing investments […]
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Accenture is DOGE’s first corporate casualty as shares dive on warning that contracts will be cut
Accenture signage is pictured in Warsaw, Poland, on Aug. 7, 2024. leksander Kalka | Nurphoto | Getty Images Shares of Accenture slid Thursday after the consulting firm said efforts to tighten federal spending have begun to weigh on its revenues. Shares tumbled 7.3% after Accenture’s chief executive officer said in a fiscal second-quarter earnings call […]
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Tariffs are ‘simply inflationary,’ economist says: Here’s how they fuel higher prices
Key Points Tariffs are expected to raise the U.S. inflation rate in 2025, Federal Reserve chair Jerome Powell said Wednesday. U.S. businesses pass tariff costs on to consumers, both directly and indirectly, economists said. An increase in the inflation rate may be relatively short-lived, if tariffs amount to a one-time price increase, economists said. Source
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‘Transitory’ is back as the Fed doesn’t expect tariffs to have long-lasting inflation impacts
The “good ship Transitory,” despite an ominous record, appears ready to sail again for the Federal Reserve. Economic projections the central bank released Wednesday indicate that while officials see inflation moving up this year more rapidly than previously expected, they also expect the trend to be short-lived. The outlook spurred talk again about “transitory” inflation […]
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Asia-Pacific markets open higher after Fed keeps interest rate steady
A pedestrian jogs along the Bund across from buildings in Pudong’s Lujiazui Financial District in Shanghai, China, on Thursday, Jan. 2, 2025. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets opened higher, tracking Wall Street gains following the Federal Reserve’s decision to hold interest rates steady. The U.S. central bank also noted that a severe […]
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Fed decision recap: Powell says tariffs could delay progress on lowering inflation
Wed, Mar 19 20253:10 PM EDT Weaker growth, higher inflation ‘balance each other out’ in Fed forecast, Powell says U.S. Federal Reserve Chair Jerome Powell speaks at a press conference, following a two-day meeting of the Federal Open Market Committee on interest rate policy, in Washington, D.C., U.S., March 19, 2025. Nathan Howard | Reuters […]
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