Inside America’s department stores, tariff price hikes pick up
A customer shops for a purse in a Macy’s store on March 25, 2025 in Austin, Texas. Brandon…
Trump announces Vietnam trade deal, 20% tariff on imports to U.S.
A worker stitches apparels at a garment factory in Vietnam’s Thai Nguyen Province on July 2, 2025. Nhac…
Dow jumps, Nasdaq slides as Trump tax bill sails through Senate
Federal Reserve Chair Jerome Powell has begun speaking about the Fed’s policy stance at an ECB forum in…
Powell confirms that the Fed would have cut by now were it not for tariffs
US Federal Reserve Chair Jerome Powell testifies during a House Financial Services Committee hearing on “The Federal Reserve’s…
World economy faces ‘pivotal moment,’ central bank body BIS says
Trade tensions and fractious geopolitics risk exposing deep fault lines in the global financial system, the central bank…
A hectic half first heralds a volatile second
“Politics isn’t wagging the tail – it’s shaking the entire dog.” These strong words from one wealth manager…
Shadow Fed chair could spark ‘revolt’ against Powell’s successor
Naming a so-called shadow chair for the Federal Reserve well before Jerome Powell is due to step down…
How Wall Street shook off tariffs and war to hit a new record
A trade war. A real war with bombs dropped in the Middle East. A barrage of insults hurled…
The record-breaking week in the stock market that could have gone very badly
It was another exciting week on Wall Street as the S & P 500 and Nasdaq each closed…
Have slightly lower mortgage rates stabilized the housing market?
10-year yield and mortgage rates In my 2025 forecast, I anticipated the following ranges: Mortgage rates between 5.75%…