President Donald Trump has initiated legal action against the US Internal Revenue Service and the Treasury Department, seeking a minimum of $10 billion in damages. He alleges that the agency improperly disclosed his tax returns during his initial term in Read More …
President Donald Trump announced on Friday his nomination of Kevin Warsh to succeed Jerome Powell as the 17th chair of the Federal Reserve, following the conclusion of Powell’s term in May. “I am pleased to announce that I am nominating Read More …
President Donald Trump is set to reveal his selection for the next chair of the Federal Reserve on Friday morning. Among the finalists is an individual who fulfills numerous criteria: BlackRock executive Rick Rieder. The prominent investor commands the respect Read More …
President Donald Trump announced on Monday an increase in tariffs on goods imported from South Korea, raising the rate from 15% to 25%. “Because the Korean Legislature hasn’t enacted our Historic Trade Agreement, which is their prerogative, I am hereby Read More …
In President Donald Trump’s initial year of his second term, the stock market exhibited the lowest performance compared to any president’s first year of a new term since 2005, the year George W. Bush commenced his second term. From Trump’s Read More …
A week marked by geopolitical uncertainty and rapid shifts in policy has unfolded. Stocks and bonds regained ground, the US dollar sank, and gold posted its best week since 2020. As President Donald Trump withdrew his recent tariff threat, stocks Read More …
The quest for a successor to Federal Reserve Chair Jerome Powell has evolved once more, as an unexpected candidate emerges with increasing support: Rick Rieder of BlackRock. Although the decision remains uncertain, sources that the finance executive made a favorable Read More …
This week, a crucial Supreme Court case regarding presidential power threatens the Federal Reserve’s capacity to establish interest rates free from political influence, a fundamental aspect of US economic policy. Oral arguments are scheduled for 10 a.m. regarding the case Read More …
President Donald Trump implemented a new 25% tariff on “certain advanced computing chips,” as detailed in a White House fact sheet. This encompasses Nvidia’s H200 chip and AMD’s MI325X. Nonetheless, chips brought in to bolster the US technological supply chain Read More …
As President Donald Trump implemented additional tariffs last year, numerous economists promptly cautioned that both prices and unemployment would experience an uptick. With the majority of the 2025 economic results now available, it appears that those forecasters may receive partial Read More …