Chicago Federal Reserve President Austan Goolsbee. Kate Rooney | CNBC Federal Reserve Bank of Chicago President Austan Goolsbee on Monday urged against reducing the central bank’s independence as President Donald Trump amped up criticism of Chair Jerome Powell. “The long-run expectations that the Fed would get inflation back down to the 2% target were critically important….
Indian Prime Minister Narendra Modi meets U.S. Vice President JD Vance and his family at his residence in New Delhi, India, on April 21, 2025. Anadolu | Anadolu | Getty Images India’s Prime Minister Narendra Modi and U.S. Vice President JD Vance on Monday hailed the “significant” progress made in trade talks between the two…
Signage for Nomura Holdings Inc. outside the company’s Otemachi head office in Tokyo, Japan, on Wednesday, Oct. 30, 2024. Bloomberg | Bloomberg | Getty Images Japanese investment bank and brokerage group Nomura said Tuesday it will buy the North American and European public investments business of Australian investment banking company Macquarie for $1.8 billion. The…
The headquarters of the Department of Education on March 12, 2025 in Washington, DC. Win McNamee | Getty Images The U.S. Department of Education announced Monday that its Office of Federal Student Aid will resume “involuntary collections” on May 5 for federal student loans that are in default. Collections will be made through the so-called…
A one kilogram gold bar at Gold Investments Ltd. bullion dealers arranged in London, U.K., on April 3, 2025. Chris Ratcliffe | Bloomberg | Getty Images Gold prices broke $3,400 on Monday, hitting a new record as President Donald Trump’s threats against the Federal Reserve’s independence and his tariffs shake investor confidence in the U.S….
Amazon CEO Andy Jassy speaks at a company event in New York on Feb. 26, 2025. Amazon has rebooted Alexa with artificial intelligence, marking the biggest overhaul of the voice-activated assistant since its introduction over a decade ago. Michael Nagle/Bloomberg via Getty Images Michael Nagle | Bloomberg | Getty Images Amazon has delayed some commitments…
US Secretary of Homeland Security Kristi Noem speaks at the Border Security Expo at the Phoenix Convention Center in Phoenix, Arizona, April 8, 2025. Rebecca Noble | Afp | Getty Images A thief stole Homeland Security Secretary Kristi Noem’s purse while she was dining at a restaurant in downtown Washington, D.C., on Sunday night, two…
BEIJING — China on Monday warned it will retaliate against countries that cooperate with the U.S. in ways that compromise Beijing’s interests, as the trade war between the world’s two largest economies threatens to embroil other nations. China’s warning comes as U.S. President Donald Trump’s administration is reportedly planning to use tariff negotiations to pressure…
The People’s Bank of China (PBOC) building in Beijing, China, on Thursday, Dec. 15, 2022. Bloomberg | Getty Images China expectedly kept its loan prime rates unchanged Monday, with the 1-year LPR at 3.1% and the 5-year at 3.6% as the central bank appears focused on stabilizing the yuan amid trade tensions with the U.S….
U.S. Senator Chris Van Hollen (D-MD) speaks to the media during a visit to El Salvador to advocate for the release of Kilmar Abrego Garcia in San Salvador, El Salvador, April 16, 2025. Jose Cabezas | Reuters Maryland Sen. Chris Van Hollen said Sunday that his trip to El Salvador to meet with Kilmar Abrego Garcia…
