Wall Street saw a rebound on Monday, with major indexes reaching new highs. The S&P 500 added 0. 2% to its previous record, while the Dow Jones Industrial Average recovered from an early loss of nearly 500 points to gain 86 points. The Nasdaq composite also saw a 0. 3% increase. However, the market
The idea of naming a new Federal Reserve chair well before Jerome Powell's term ends could lead to some serious market confusion. President Trump has hinted that he'll announce his pick soon and wants someone who will lower interest rates. Powell, however, has been cautious, citing a strong economy
The world of Bitcoin is never dull. Recently, Bitcoin saw a dramatic swing. It first dropped below $101, 000, then quickly shot up above $102, 000. This rollercoaster ride happened in just one day, with trading volumes that were off the charts. The sudden dip caught many off guard, but the marke
The Federal Reserve recently decided to keep interest rates unchanged. This decision came despite predictions of rising inflation and slower economic growth. The central bank's move was widely expected, as markets did not anticipate any changes this week. The Federal Open Market Committee maintained
Inflation in the United States saw a slight dip in April, according to recent data. The personal consumption expenditures price index, a key measure used by the Federal Reserve, rose by only 0. 1% for the month. This modest increase brought the annual inflation rate down to 2. 1%, the lowest it has
The U. S. and EU have decided to postpone a planned 50% tariff on EU imports. This change came after a conversation between President Donald Trump and European Commission President Ursula von der Leyen. Trump mentioned that the delay was requested by von der Leyen. She wanted more time to negotia
The former US President Donald Trump has recently stirred the pot in international trade. He has threatened to impose a hefty 50% tariff on goods coming from the European Union. This move comes after he felt that the current trade talks were not going anywhere. He pointed out several issues with the
The United States faced a significant credit rating downgrade. This is not the first time this has happened. The last two times were in 2011 and 2023. This time, it was Moody's turn to lower the rating. They dropped the US credit rating from Aaa to Aa1. This change sent shockwaves through the f
The former president, Donald Trump, had a unique way of handling the U. S. economy. It was like a rollercoaster ride, with ups and downs that left many people puzzled. He had a knack for inserting himself into international business affairs, a move that was quite different from his predecessors. Thi
The U. S. and U. K. have struck a trade agreement, marking a significant move in global trade politics. This comes after a period of intense negotiations and market volatility caused by recent tariff changes. The details of the agreement are not yet public, but it is expected to be extensive. The U.
