Donald J. Trump
Powell says Fed is awaiting ‘greater clarity’ on Trump policies before making next move on rates
Key Points Federal Reserve Chairman Jerome Powell said Friday that the central bank can wait to see how President Donald Trump’s aggressive policy actions play out before it moves again on interest rates. “We do not need to be in a hurry, and are well positioned to wait for greater clarity,” the central bank chief […]
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U.S. cancels $400 million in grants, contracts to Columbia University over Gaza protests
Students protest against the war in Gaza on the anniversary of the Hamas attack on Israel at Columbia University in New York, New York, on Monday, Oct. 7, 2024. Victor J. Blue | The Washington Post | Getty Images U.S. President Donald Trump’s administration has canceled grants and contracts totaling $400 million to Columbia University in New York […]
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Broadcom shares rise as AI growth powers strong guidance
Hock Tan, CEO of Broadcom. Martin H. Simon | Bloomberg | Getty Images Broadcom shares rose about 6% after the company posted strong first-quarter earnings and guidance that signaled ongoing artificial intelligence demand. The chipmaker posted adjusted earnings of $1.60 per share on $14.92 billion in revenue. That surpassed the adjusted earnings of $1.49 per […]
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Treasury Secretary Bessent says economy could be ‘starting to roll a little bit’
U.S. Treasury Secretary Scott Bessent attends at an Economic Club of New York event in New York City, U.S., March 6, 2025. Jeenah Moon | Reuters Treasury Secretary Scott Bessent on Friday acknowledged some signs of weakness in the U.S. economy. “Could we be seeing that this economy that we inherited starting to roll a […]
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U.S. payroll growth totals 151,000 in February, less than expected
Job growth was weaker than expected in February though still stable despite President Donald Trump’s efforts to slash the federal workforce. Nonfarm payrolls increased by a seasonally adjusted 151,000 on the month, better than the downwardly revised 125,000 in January, but less than the 170,000 consensus forecast from Dow Jones, the Labor Department’s Bureau of […]
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Trump’s first White House Crypto Summit has VIPs pushing for favorable laws
Brian Armstrong, CEO of Coinbase, slammed the U.S. Securities and Exchange Commission. He also said the cryptocurrency exchange is looking to invest more outside of the U.S. Carlos Jasso | Bloomberg | Getty Images Now that President Trump has announced plans for a Strategic Bitcoin Reserve, crypto industry leaders can focus on what else they […]
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Stock futures rise after Thursday’s big sell-off; big jobs report looms: Live updates
Traders work on the New York Stock Exchange (NYSE) floor on March 03, 2025 in New York City. Spencer Platt | Getty Images Stock futures were higher on Thursday evening as traders sought to look past U.S. trade policy worries that have rattled the market this week. They also looked ahead to a big payrolls […]
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Trump blames ‘globalists’ for stock market sell-off
U.S. President Donald Trump speaks in the Oval Office, on the day he signs executive orders, at the White House in Washington, D.C., U.S. March 6, 2025. Evelyn Hockstein | Reuters Major stock indices dropped sharply this week, as rattled investors struggled to get a handle on President Donald Trump’s sweeping and shifting tariff policies. […]
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Broadcom shares soar 16% as earnings top estimates on demand for custom AI chips
Broadcom CEO Hock Tan. Lucas Jackson | Reuters Broadcom reported first-quarter earnings on Thursday that topped analysts’ expectations, and the chipmaker offered strong guidance for the current quarter. The stock jumped 16% in extended trading. Here’s how the company did versus LSEG consensus estimates: Earnings per share: $1.60 adjusted vs. $1.49 expected Revenue: $14.92 billion […]
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Judge reinstates NLRB member Trump fired: ‘A president is not a king’
Gwynne Wilcox, attorney who was a member and chairman of the National Labor Relations Board. Courtesy: National Labor Relations Board A federal judge on Thursday reversed the firing of a National Labor Relations Board member by President Donald Trump, with a scathing ruling that said “an American president is not a king.” The ordered reinstating […]
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