Fed’s Powell says he will not quit even if asked by Trump
By Michael S. Derby (Reuters) – Federal Reserve Chair Jerome Powell said on Thursday he would refuse to leave office early if incoming President Donald Trump tried to oust him,…
Editor’s Pick
2740 posts
Explainer-How Trump could influence the makeup of the Fed
(Reuters) – Federal Reserve Chair Jerome Powell on Thursday said he would not resign if asked to do so by President-elect Donald Trump, and said presidents do not have the…
Robinhood attorney, Republican regulators being considered for Trump financial agency short list
By Chris Prentice, Pete Schroeder, Svea Herbst-Bayliss and Michelle Price WASHINGTON (Reuters) – Trump transition team officials are considering retail brokerage Robinhood (NASDAQ:HOOD)’s top lawyer, as well as bank regulators…
Australian lender ANZ’s annual profit misses estimates as competition bites
(Reuters) -Australian lender ANZ Group reported lower-than-expected annual earnings on Friday as its margins were impacted by what it called a “challenging” period of intense deposit and lending competition and…
US rate futures price in more Fed easing in December and 2025
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Futures on the federal funds rate, which measure the cost of unsecured overnight loans between banks, priced in on Thursday another 25-basis-point rate…
Most Gulf central banks follow Fed lead and cut key interest rates
By Yomna Ehab and Ahmed Tolba CAIRO/DUBAI (Reuters) – Most central banks of the Gulf Cooperation Council (GCC) cut key interest rates on Thursday, following the Federal Reserve’s decision to…
Capri posts bigger-than-expected drop in quarterly revenue on tepid demand
(Reuters) -Versace-parent Capri Holdings (NYSE:CPRI) posted a bigger-than-expected drop in quarterly revenue on Thursday, hurt by execution missteps across brands and a global slowdown in luxury goods demand, sending its…
WATCH LIVE: Fed Chair Jerome Powell Press Conference
Watch Fed Chair Jerome Powell speak live following the FOMC decision to slash interest rates by 25 basis points. This post appeared first on investing.com
Fed cuts rates by 0.25% amid ongoing progress against inflation
Investing.com — The Federal Reserve cut interest rates by 25 basis points on Thursday as ongoing progress against inflation and signs of slowing labor market continued to support the monetary…
Brazil’s Lula to analyze spending cuts of up to $2.6 billion, says local media
SAO PAULO (Reuters) – Brazil’s President Luiz Inacio Lula da Silva will analyze two fiscal packages with spending cut measures that would amount up to 15 billion reais ($2.6 billion),…