President Donald Trump hinted that he might have already picked someone to lead the Federal Reserve. He mentioned that he had three candidates initially, but now it's down to one or two. Trump also said he liked the idea of keeping Kevin Hassett, his economic advisor, in his current role. He praised
Chile's mining industry is worried about a recent decision to combine the leadership of two important government departments. The president-elect, Jose Antonio Kast, has chosen businessman Daniel Mas to head both the Ministry of Mining and the Ministry of Economy. This move has sparked debate, as Ma
The Supreme Court is currently deliberating a significant case that could redefine the boundaries of presidential power over the Federal Reserve. At the heart of the matter is President Trump's attempt to remove Lisa Cook, a governor at the central bank, based on allegations of mortgage fraud that o
The stock market is always on the move, and this week is no different. Let's break down what's happening. First up, the energy sector is leading the pack. It's up by 2. 3%, making it the top performer among the S&P 500 sectors. Companies like EQT, Texas Pacific Land Trust, and Expand Energy are see
In December, the housing market saw a big drop in pending home sales. This means fewer people signed contracts to buy homes compared to the month before. Experts thought there might be a small increase, but instead, there was a big decrease of 9. 3%. This drop was felt all over the U. S. , with only
Jamie Dimon, the CEO of JPMorgan Chase, recently shared his thoughts on President Trump's proposal to cap credit card interest rates at 10%. He suggested testing this idea in Vermont and Massachusetts. He brought this up at the World Economic Forum in Davos, Switzerland. Dimon believes that a natio
The Consumer Financial Protection Bureau (CFPB) has had a rocky year. In early 2025, things took a dramatic turn. Employees were told to stop working. Offices were closed, but staff weren't on leave. They were just at home, staring at their screens, unable to do their jobs. This was part of a bigge
Texas, known for its robust job market, is experiencing a slowdown. In 2025, the state's job growth is expected to be nearly flat, according to the Federal Reserve Bank of Dallas. This is a significant change from Texas' usual strong job growth. The Dallas Fed's forecast uses several models to pred
At Davos, U. S. President Donald Trump made some bold statements about Greenland. He made it clear that he won't use force to take control of the territory. But he also said no other country should try to claim it either. This news had people talking, and not everyone was on the same page. Some fol
Worcester City Council is pushing back against health rules that limit new tobacco shops. They want the public health board to relax a rule that stops new tobacco stores from opening within 500 feet of existing ones. This rule was put in place to stop underage smoking and prevent tobacco shops from
